Daily Archives: June 17, 2014

Fiat board authorizes $5.4B bond sale to refinance debt

Fiat board authorizes $5.4B bond sale to refinance debt

Fiat’s board authorized the carmaker to raise as much as $5.4 billion (€4 billion) by issuing new bonds, giving the company flexibility to refinance debt as it implements its merger with Chrysler.

GM recalls 3.4M more cars for ignition problems

GM recalls 3.4M more cars for ignition problems
By TOM KRISHER

General Motors says it needs to change or replace the keys for about 3.4 million cars because they could cause the ignition switch to move out of position if they’re carrying too much weight.