
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.

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.