| Fiat set to reach $2.6B refinancing deal this month |
Jun 13th, 2013 |
Fiat SpA is set to sign a deal with nine banks this month to refinance 1.95 billion euros ($2.6 billion) in credit to prepare to buy the remaining stake in Chrysler Group LLC, two people familiar with the matter said. Sergio Marchionne, chief executive officer of both manufacturers, is working with the pool of banks, which include Barclays Plc, Citigroup Inc., Unicredit SpA and Mediobanca SpA, ...
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| Reckless driving badly modified cars to blame for rise in Dubai car fires |
Jun 13th, 2013 |
Guests at a photo exhibition during the launch of the 'Safe & Healthy Summer' campaign at the Dubai Municipality office. Pawan Singh / The ...
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| Chrysler recalls 30000 Ram trucks to fix faulty warning light |
Jun 13th, 2013 |
Chrysler Group is recalling about 30,000 new Ram pickup trucks to fix a dashboard light that is supposed to warn drivers if their vehicle tail lights aren't working.Chrysler dealers will perform a software upgrade on the recalled trucks to reactivate the warning light, which is a mandated safety feature. "Chrysler Group is unaware of any accidents, injuries or complaints associated with ...
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| Recall Alert 2013 Ram 1500 2500 and 3500 Pickup Trucks |
Jun 13th, 2013 |
pickup trucks due to a problem with the exterior lighting system that may prevent the driver from being notified of a turn-signal malfunction, according to the National Highway Traffic Safety Administration. Affected vehicles were manufactured between Sept. 9, 2012, and March 5, 2013, and are equipped with optional premium taillights. The turn-signal indicator may not flash at a double rate to ...
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| Mass. DOI Proposes Regulation on Auto Glass Repair Steering Hearing Scheduled |
Jun 13th, 2013 |
The Massachusetts Division of Insurance said it will hold a public hearing on June 28 regarding the proposed new regulation 211 CMR 135.00, ';Requirements Regarding Referrals to Motor Vehicle Glass Repair Shops.'; A copy of the proposed regulation can be found at ...
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| Auto Sales Push Retail Sales Past Expectations |
Jun 13th, 2013 |
New government figures show that American consumers are still going shopping, despite a weak recovery and uncertainty in Washington. Retail sales were stronger than expected in May, growing by 0.6 percent from April. That rate of growth beat economists' consensus estimates of 0.5 percent, according to Bloomberg, and is the best reading in three ...
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| US retail sales increased 0.6 percent in May led by biggest jump in auto sales in 6 months |
Jun 13th, 2013 |
WASHINGTON - Americans stepped up purchases at retail businesses in May, spending more on cars, home improvements and sporting goods. The gain shows consumers remain resilient despite higher taxes and could drive faster growth later this year. The Commerce Department said Thursday that retail sales increased 0.6 percent in May from April. That's up from a 0.1 percent gain the previous month ...
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| 2014 Ford Fiesta Breaks 40 MPG Barrier |
Jun 13th, 2013 |
SE with the new Super Fuel Economy Package delivers 30 mpg in the city and 41 mpg on the highway. The package includes the regular SE's 1.6-liter four-cylinder and six-speed dual-clutch automated manual transmission, but adds an aerodynamic kit with a rear spoiler, side air deflectors, underbody shields and lower grille blockers. Low-rolling-resistance tires and cruise control complete the ...
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| Recall Alert 2013 Mercedes-Benz SLK-Class |
Jun 13th, 2013 |
roadsters due to a problem with the airbag occupant classification system, according to the National Highway Traffic Safety Administration. The affected vehicles were manufactured from Oct. 9 through Nov. 20, 2012; check your vehicle's build date on driver-side doorjamb sticker. In these cars, the OCS incorrectly classifies a very light person as being a child and deactivates the airbag. ...
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| QA Do Mexican Trucks Pose a Safety Issue |
Jun 13th, 2013 |
Can you tell me what's going on about Mexican trucks being allowed to operate in the U.S.?I read recently that a federal appeals court had approved the Department of Transportation's decision to allow Mexican trucks to start operating on U.S. highways. Previously, I understand, Mexican trucks couldn't cross the border into this country, and all international freight had to be ...
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