Posts
  • From US Coast Guard

    VIDEO: Man rescued after 66 days at sea survived by catching fish with bare hands

    PORTSMOUTH, Va. — After 66 days at sea, a man was rescued from his disabled boat by a passing ship Thursday, authorities said. Louis Jordan, 37, was reported missing January 29. He was spotted Thursday afternoon by the Houston Express about 200 miles east of Cape Hatteras, North Carolina. The ship’s crew took him aboard and […]

  • A publicity photograph showing the 2012 Chevrolet Volt.

    GM recalls 64,000 Chevy Volts for shut off problem

    NEW YORK (CNNMoney) — The Chevy Volt is so quiet that some people forget to to shut it off. That can be dangerous when the the hybrid’s gas engine kicks in and the car is parked in your garage. It doesn’t happen a lot, but General Motors is aware of two incidents when carbon monoxide […]

  • Getty Images

    New electric car goes 200 miles on a single charge

    NEW YORK (CNN Money) You’ve heard of the Chevy Volt. How about the Chevy Bolt? General Motors is planning to unveil a concept electric vehicle on Monday that can go 200 miles on a single charge. It would be introduced in 2017 and cost about $30,000. News of the Chevy Bolt was reported late Friday […]

  • From CNN

    Car sales best since at least 2006

    NEW YORK — The auto industry is expected to cap its best year for U.S. sales since at least 2006 when it reports December sales results Monday. Sales are being lifted by a variety of factors, including cheap gas prices, steady gains in the jobs market and the stock market near record highs, all of […]

  • General Motors employees work the assembly line at the Orion Assembly plant in Lake Orion, Michigan. The facility produces the Chevrolet Sonic and Buick Verano. (Credit: Steve Fecht/General Motors)

    U.S. government bailout ends with $15.3 billion profit

    NEW YORK (CNNMoney) — The U.S. government essentially closed the books on TARP with a $15.3 billion profit. Treasury sold its remaining shares Friday in Ally Financial, its last remaining major stake from the $426 billion bailout of banks and the U.S. auto industry. The Troubled Asset Relief Program was passed in 2008, in the […]

  • (File photo/Bill Alberter/CNN)

    The fix for exploding airbags may be more deadly than the problem

    NEW YORK — This is one fix for recalled vehicles that might be more deadly than the problem. Eight million vehicles made by 10 different automakers have been recalled due to flawed airbags that can explode and hit passengers with shrapnel. The problem: The airbag manufacturer Takata doesn’t have enough replacement airbags to fix all […]

  • (File photo/Bill Alberter/CNN)

    Honda and its supplier sued over exploding airbags

    NEW YORK — Honda Motor and its airbag supplier Takata have been hit by a federal lawsuit over defective airbags that can explode and send shards of metal into passengers. The suit, filed in federal court Thursday, seeks class action status on behalf of the owners of all five million Hondas affected by the recall, […]

  • Photo by Kevork Djansezian/Getty Images

    SAFETY RECALL: Feds urge vehicle owners to act immediately on defective airbags

    WASHINGTON  — The National Highway Traffic Safety Administration on Tuesday urged owners of certain Toyota, Honda, Mazda, BMW, Nissan, Mitsubishi, Subaru, Chrysler, Ford and GM vehicles to act immediately on recall notices to replace defective Takata airbags. The airbags might explode, sending metal fragments into the driver and other passengers. More than 6 million vehicles […]

  • Photo by Kevork Djansezian/Getty Images

    Stepped-up effort to replace exploding airbags

    NEW YORK (CNNMoney) — Federal safety regulators and Toyota Motor are stepping up efforts to get car owners to bring in cars whose airbags might explode, sending metal fragments into the driver and other passengers. The Orlando Sentinel is reporting that police investigating the death of a woman earlier this month discovered that the “stab-like […]

  • Tesla Model S. From CNN.

    Tesla blocked from selling in Michigan

    NEW YORK (CNNMoney) — Michigan Gov. Rick Snyder has signed a bill which Tesla Motors says will prohibit it from selling cars in the state that’s home to the U.S. auto industry. Snyder says that Michigan law already prohibits Tesla or any other automaker from selling directly to consumers in the state, and that the […]