In a bid to reduce its numbers of skilled workers, General Motors is reportedly offering skilled-trades workers a $60,000 buyout to leave the automaker’s payroll by March.
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The beleaguered Japanese carmaker is sending notices to Sienna owners to warn them of brake-light switch brackets that are susceptible to damage and could lead to eventual loss of braking effectiveness. No accidents relating to…
South Korean automakers Hyundai and Kia are combined recalling about 9,500 vehicles to repair a brake component that may cause brake fluid to leak, impairing braking ability, according to federal safety officials.
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Now that General Motors is on better financial footing and the automaker’s initial public offering of stock is behind it, CEO Daniel Akerson is reportedly seeking to have government restrictions on executive pay eased.
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The federal governments bailout program has earned the taxpayer nearly $35 billion in the last two years, The Associated Press said.
Income from the Troubled Asset Relief Program (TARP) rose by almost 17% through November compared with the estimate i…