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GM recalls small cars to fix steering problem
Tue, 02 Mar 2010A problem with the power-steering system is prompting General Motors to recall 1.3 million small cars. There have been reports of 14 crashes and one injury related to the steering problem, GM said on Tuesday. The recall covers 2005-10 Chevrolet Cobalts and 2007-10 Pontiac G5s sold in the United States.
Former General Motors CEO nets multimillion-dollar retirement package
Wed, 15 Jul 2009Former General Motors CEO Rick Wagoner will officially punch out on Aug. 1 with a compensation package worth almost $8.6 million over the first five years. The deal is significantly lower than what he could have received; it would have been $23 million at the end of last year, Reuters reports.
Ford recalls 144,000 F-150s for airbag fix
Wed, 23 Feb 2011Ford is recalling 144,000 F-150 pickups from the 2005 and 2006 model years because of concerns that the airbags may deploy without warning, the automaker said on Tuesday. The National Highway Traffic Safety Administration advised Ford to recall the F-150 after investigating 238 reports of accidental airbag deployment. Seventy-seven injuries have been reported, including chipped teeth, minor burns and cuts to the arms, hands and face.