DETROIT - General Motors Co reported a much lower second-quarter profit on Thursday due to numerous recalls and the expected cost of at least $400 million for a compensation fund for those killed or injured by a defective ignition switch linked to at least 13 deaths. | Video
- Record North America profit boosts Ford results; shares rise
- After profit hit, Hyundai Motor warns of firmer won, may make more cars overseas
- GM recalls 717,950 vehicles in U.S., not for ignition switches
- GM details 19 fatal crashes in cars recalled for deadly switches
- U.S. moves to enhance safety of oil-by-rail shipments
FRANKFURT - General Motors unit Opel said it is working on a successor model to its Ampera, a battery-powered electric car which hit European showrooms in 2011.
TOKYO - Japan is readying subsidies to help Toyota Motor Corp and key suppliers take the lead in hydrogen-powered fuel cell vehicles that could top $400 million over the next several years if the most bullish projections for the technology play out.
TURIN Italy - Fiat Chrysler CEO Sergio Marchionne on Wednesday quashed speculation of a possible tie-up with Germany's Volkswagen , saying the idea had never been on the agenda.
DETROIT - Chrysler Group LLC said on Tuesday it is recalling 792,300 older-model Jeep SUVs for ignition switch problems, the second recall of its kind for the No. 3 U.S. automaker this year.