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AUTOMAKERS NEWS * USA
* Michigan - U.S. Auto Makers Speed Ahead in March
Detroit,MICH,USA -Reuters/FOXBusiness, by Dunstan Prial -April 03, 2012: -- March push sales higher for all of the Big Three U.S. auto makers. And Chrysler led the way... Chrysler, which is owned by Italian car maker Fiat, today reported U.S. sales of 163,381 units, a 34% increase compared with sales in March 2011. It was Chrysler’s best monthly sales figure in four years... General Motors’ sales rose 12% last month, also benefitting from strong sales of its fuel-efficient models. GM said in a statement that it sold 231,052 vehicles in March... Ford sales rose 5% in March from a year ago. With over 223,000 vehicles sold last month, it was the Detroit auto maker’s strongest March in five years...
RECALLS * General Motors Recalling Select 2012 SUVs and Vans with Potential Power Steering Failure
MICH,USA -Automotive. by Trevor Dorchies -April 4 2012: -- General Motors has issued a recall concerning select full-size SUVs and vans that may contain a faulty power steering gear shaft. Vehicles in question include the 2012 Chevrolet Express van and GMC Savana as well as the Chevrolet Suburban and its sibling, the GMC Yukon XL. The potential number of vehicles affected is expected to be 6,159 when all is said and done. GM believes the steering gear pitman shaft may be at the route of this latest recall...
* Michigan - Chrysler Got Legal Shield in Chapter 11
Auburn Hill,MICH,USA -The Wall Street Journal, by MIKE SPECTOR -April 4, 2012: -- Stephen Mares's 1998 Dodge Caravan caught fire on a California highway 2½ years ago, temporarily trapping him and his two children after the minivan's fuel system leaked. He sued Chrysler, seeking punitive damages for burns he and his children suffered before escaping... But his efforts to hold Chrysler Group LLC legally responsible soon hit a roadblock: Chrysler is immune from new punitive-damage claims from any alleged manufacturing defects in vehicles sold before the auto maker's 2009 government-brokered restructuring... Chrysler's legal exemption, approved by a bankruptcy judge, is the product of rules embedded in the federal bankruptcy law. These rules allow sick companies at times to abandon product liability or other risks, overruling state laws that give consumers the right to seek damages... Specifically, the company's immunity—which no other car maker has—stems from a clause Chrysler crafted in its 2009 bankruptcy sale to Italy's Fiat F.MI SpA. The exemption applies to more than 28 million cars and trucks... A spokesman for Chrysler said the company disagrees with the assertion that the minivan's fuel system was defective, and that the vehicle complied with all applicable government safety standards and has an excellent safety record...
Labels: automakers news USA
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