General Motors Co. said Jim Federico, an executive involved in the investigation of faulty ignition switches, has decided to retire, effective yesterday. He was executive director of global vehicle integration.
Republican presidential nominee Mitt Romney, attacking President Barack Obama for his auto industry policies as he battles for votes in Ohio, is drawing pointed rebuttals from General Motors Co. and Chrysler Group LLC, which are being pulled into the election against their will.
General Motors Co., working to contain a crisis over the recall of 2.59 million cars with possibly faulty ignition switches linked to at least 13 deaths, hired Steve Harris, its former public relations head, as a consultant.
Mitsubishi Corp. will pay partner Murchison Metals Ltd. A$325 million ($315 million) in cash for stakes in two ventures, giving Japan’s largest trader control of an iron ore mine and a rail and port project in Australia.
General Motors Co. recalled some 2013 and 2014 Chevrolet Cruze compact cars with 1.4 liter engines for front axle half-shaft replacement, a day after the automaker ordered dealers to stop selling the models.