General Motors Thursday reported slumping first-quarter profits, dragged down by hefty recall charges that eclipsed a strong core operating performance.
US oil stockpiles hit record amid production boom
US commercial oil stockpiles hit a new record last week on the strength of continued growth in oil and gas production in the world’s biggest oil-consuming country.
GM fights proposed class action litigation
General Motors filed a motion in a U.S. court to enforce a bar on lawsuits stemming from ignition defects in cars sold before its 2009 bankruptcy as it fights proposed class action litigation that seeks to set aside the restriction.
Caterham Seven conversion with Indy roadster style envisioned by Zolland design
Last year at the Singapore Grand Prix, Caterham revealed the AeroSeven Concept, previewing a road model, which will arrive sometimes this year.
