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1. Computer As Driver? 'Yes' From Feds Boosts Self-Driving Cars
- Thursday, February 11, 2016
DETROIT (AP) — Computers that control cars of the future can be considered drivers just like humans, the federal government's highway safety agency has decided.
The redefinition of "driver" by the National Highway Traffic Safety Administration is an important break for Google, which is developing self-driving cars that get around without steering wheels, pedals — or even the need for a person to be inside.
2. How GM's Ignition Switch Redesign Went Wrong
- Tuesday, July 08, 2014
DETROIT (AP) – General Motors' deadly ignition switch flaws emerged from an effort to improve its cars.
As the company began developing new small cars in the late 1990s, it listened to customers who complained about "cheap-feeling" switches that required too much effort to turn. GM set about making switches that would work more smoothly and give drivers the impression that they were better designed, a GM switch engineer testified in a lawsuit deposition in the spring of 2013.
3. GM Won't Limit Ignition Switch Crash Compensation
- Tuesday, July 01, 2014
WASHINGTON (AP) – The attorney overseeing General Motors' compensation to victims of small-car crashes says there's no limit to what the company will pay, provided the crashes were caused by faulty ignition switches. The tally could climb into billions of dollars.
4. AT&T Aims for TV's Future With $48.5 Billion DirecTV Deal
- Tuesday, May 20, 2014
LOS ANGELES (AP) – AT&T says it views its planned $48.5 billion purchase of DirecTV as a way to help redefine the video entertainment industry, giving it opportunities to bundle services and tap into growing Latin American markets.
5. Government Fines GM Maximum $35 Million in Safety Case
- Monday, May 19, 2014
WASHINGTON (AP) – U.S. safety regulators fined General Motors a record $35 million Friday for taking at least a decade to disclose defects with ignition switches in small cars that are now linked to at least 13 deaths.
6. Senators Ready to Restore Lower College Loan Rates
- Friday, July 19, 2013
WASHINGTON (AP) – A bipartisan compromise on student loans promises better deals for students and parents over the next few years but could spell higher rates as the economy improves.
The Senate deal pegs the interest rates on new loans to the financial markets and was expected to come to a vote next week, well before students returning to campus this fall had to sign their loan agreements.
7. Sandy Unlikely to Damage US Economy, Analysts Say
- Tuesday, October 30, 2012
WASHINGTON (AP) – Airlines canceled thousands of flights and stranded travelers. Insurers braced for damages of up to $5 billion. Retailers expected shrunken sales.
Hurricane Sandy is causing disruptions for companies, travelers and consumers. But for the overall economy, damage from the storm will likely be limited. And any economic growth lost to the storm in the short run will likely be restored once reconstruction begins, analysts say.
8. Weak Hiring Shows Economy Still Hurting
- Monday, July 09, 2012
WASHINGTON (AP) – A third straight month of weak hiring shows the U.S. economy is still struggling three years after the recession officially ended.
U.S. employers added just 80,000 jobs in June, and the unemployment rate was unchanged at 8.2 percent, the Labor Department said Friday.
9. Car Dealers Fear Economy Could Scare Off Buyers
- Friday, August 19, 2011
STERLING HEIGHTS, Mich. (AP) – Jeff Swanson was in the market for a new car just a few weeks ago. Then the stock market went crazy.
So Swanson, 25, decided to keep his 10-year-old Pontiac Grand Prix for at least another year. Gyrations in stocks and talk of a weakening economy rattled Swanson's confidence about taking on another payment, even though his new job running a home for mentally disabled people seems to be secure.
10. GM to Halve Number of Vehicle Frames to Cut Costs
- Wednesday, August 10, 2011
DETROIT (AP) – General Motors Co. has plans to become leaner in the future, cutting costs so it will make even stronger profits than it has so far this year, company executives told industry analysts Tuesday.
11. November Auto Sales Show Industry in Recovery
- Friday, December 03, 2010
DETROIT (AP) – After a year of watching auto sales slowly increase month by month, industry executives are finally willing to firmly declare that the U.S. market is in recovery.
People who had been too afraid to make a big car purchase are finally coming back to dealerships, a little more confident that they won't lose their jobs. And that's reflected in November's auto sales figures: Industry sales were up 16.9 percent for the month compared with a year ago. Ford, General Motors, Chrysler, Honda, Nissan and Hyundai all posted double-digit gains.