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General Motors engineers were well aware of serious problems with ignition switches in GM small cars, but rejected several opportunities to make fixes, according to dozens of confidential documents released on Friday by a Congressional committee investigating the deadly defect. Parts supplier Delphi Automotive also repeatedly tested switches and found they did not meet GM specifications, according to emails and other memos. The internal documents from GM, […]

General Motors should make restitution to victims’ families and face criminal action if merited for the way it handled defective ignition switches that caused fatal auto accidents, U.S. Senator Claire McCaskill said on Sunday. McCaskill, as chairwoman of the Senate subcommittee on consumer protection and product safety, led a blistering round of questioning of GM chief executive officer Mary Barra last week. In an appearance on ABC’s […]

Italian businessman Massimo Cellino has been given approval to complete the purchase of second tier club Leeds United after an independent QC overturned the Football League’s initial decision to block him. Cellino, president of Italian Serie A club Cagliari, agreed in February to buy a 75 percent stake in former English champions Leeds for a reported 25 million pounds ($41.48 million) from Dubai-based GFH Capital. However, the […]

General Motors Co CEO Mary Barra came under withering attack for her company’s decade-long failure to deal with defective parts linked to fatal crashes, in a hearing where U.S. Senators accused the company of “criminal” behavior and “a culture of cover-up.” Democratic and Republican senators, including some former prosecutors and state attorneys general, challenged Barra’s assertion that GM had vastly improved its safety and management practices since […]

General Motors Co is adding 971,000 cars to its global ignition switch recall, which began in February with 1.6 million vehicles and has been linked to at least a dozen deaths. The recall, which now totals 2,591,665 cars, includes all model years of the Chevrolet Cobalt, Chevrolet HHR, Saturn Ion, Saturn Sky, Pontiac G5 and Pontiac Solstice made from 2003-2011. Older versions of those cars, dating from […]

Toyota Motor Corp’s  Indian unit has declared a lockout of its workers at two car plants after strained salary negotiations spurred workers to stop production lines. Toyota Kirloskar Motor (TKM) in a statement said it has locked out workers at the plants near Bangalore since Sunday. It did not state for how long the lockout will continue. Over the past 25 days, some workers have stopped production […]

|By Aki Ito| Who needs an army of lawyers when you have a computer? When Minneapolis attorney William Greene faced the task of combing through 1.3 million electronic documents in a recent case, he turned to a so-called smart computer program. Three associates selected relevant documents from a smaller sample, “teaching” their reasoning to the computer. The software’s algorithms then sorted the remaining material by importance. “We […]

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Congress’s investigation of a deadly defect in some General Motors cars widened on Tuesday, and a House committee ordered the automaker and a federal regulator to provide details on steps they took to get unsafe cars off the road. In another development, federal prosecutors in New York are examining whether GM is criminally liable for failing to properly disclose the defect, according to a source familiar with […]

Dubai World Trade Centre (DWTC) is set to welcome 11 international congresses in 2014, spanning a variety of industry sectors. When combined, these congresses will contribute an estimated US$32millon (AED117 million) to the city’s economy. The congresses will attract more than 12,000 international delegates, including global thought leaders in their respective fields, which include healthcare, transportation, legal and technology sectors. “Dubai’s position as a premier international business […]

In an age of aerial drones and driver-less cars, Rolls-Royce Holdings Plc is designing unmanned cargo ships. Rolls-Royce’s Blue Ocean development team has set up a virtual-reality prototype at its office in Alesund, Norway, that simulates 360-degree views from a vessel’s bridge. Eventually, the London-based manufacturer of engines and turbines says, captains on dry land will use similar control centers to command hundreds of crewless ships. Drone […]

Indian central bank Governor Raghuram Rajan warned that inflation remained the biggest threat to growth, diverging from the nation’s finance chief, who highlighted diminishing price pressures. A developing economy like India that is seeking higher growth rates can tolerate higher inflation than advanced nations, Finance Minister Palaniappan Chidambaram said in an interview in Sydney, where he was attending the Group of 20 meetings with Rajan. Chidambaram, who […]

Oman, which faces Iran across the Strait of Hormuz, said it’s poised to start raising cash for a $3 billion rail line offering an alternative route for oil and freight shipments that funnel through the 21 mile-wide channel. The nation of 3.3 million people, located on the southern side of the strait, is considering issuing bonds by the end of 2014 to kick-start funding for the track […]

For global automakers, the dusty backroads of rural India could be the new El Dorado. As economic torpor suffocates demand for new cars in India’s megacities, incomes are growing faster in small towns and country areas. That’s pushing the likes of General Motors and Honda Motor Co to fan out in search of buyers in places where fewer than 20 people in every thousand own a car […]

Iranian President Hassan Rouhani will court global business in Davos next week after winning an easing of some economic sanctions, but any trade bonanza depends on the long-term success of nuclear diplomacy. A U.S. stranglehold on Iran’s access to the international financial system, the uncertain future of talks on its nuclear program beyond a six-month initial deal, and vested interests in the Islamic Republic suspicious of Western […]

Volkswagen AG  outsold General Motors Co. in China for the first time in nine years to recapture the lead among foreign automakers in the world’s largest car market. VW’s 2013 deliveries in the country climbed to at least 3.27 million vehicles, according to figures released this week by the German automaker’s VW, Porsche, Audi and Skoda brands. Detroit-based GM also said this week that the U.S. automaker […]

Dubai is considering tests of ‘robot’ or driverless cars on its busy highways, the local transport agency said, after a Google executive told Al Arabiya News he would “love” to bring the technology to the emirate. So-called driverless cars navigate traffic and road signals automatically, using special sensors like radar, GPS and computer vision. Dubai’s Roads and Transport Authority (RTA) says it is considering whether to allow […]

General Motors Co said it would stop making cars in Australia by 2017 due to high costs and a cripplingly strong currency, fuelling fears rival Toyota Motor Corp will follow suit and put the entire local autos industry at risk. The decision by the world’s second-largest auto maker to close its Holden plants in South Australia and Victoria states is the latest blow to Australia’s manufacturing industry […]

A surge in passenger car sales across most Gulf Arab countries underlines the momentum behind the region’s consumer spending boom, and sales are likely to continue rising strongly for at least a few years, automobile sector executives said. Car sales are an important indicator of business activity in a region where official macroeconomic data, such as gross domestic product, is often unreliable and released with delays of […]

Dubai luxury housing developer DAMAC Properties said it plans to raise as much as $500 million from an initial public share offer in London, betting on a recovery in a property market that crashed four years ago. If successful, DAMAC would be the first Dubai real estate firm to go public since then. DAMAC, which is building golf courses in the emirate with American real-estate mogul Donald […]

Chemical warfare and car bombings are just a few of the hazards working in war-torn countries such as Iraq and Syria. For Supreme Group BV, it’s the cost of doing business. Dubai-based Supreme delivers fuel and food — 100,000 meals a day — to troops stationed in some of the most inhospitable parts of the world, including Liberia, Mali and Sudan. The perilous business, where contractors dodge […]

German automaker Bayerische Motoren Werke AG is recalling 140,000 5 Series sedans in North America to address potentially faulty rear lights. Some 134,100 vehicles will be recalled in the United States and another 5,800 in Canada, a spokesman at BMW’s Munich-based headquarters told Reuters on Friday. BMW is recalling some 528i, 535i, 550i and M5 cars from model years 2008 through 2010 because of problems with the […]

By Nelson Ireson, Guest blogger When you have, quite literally, everything–or at least the capacity to buy everything–what do you want? Solid gold models of $400,000 cars, apparently. That’s our take-away from this $7.5 million solid gold Lamborghini Aventador model, anyway. Carved from an 1,100-pound block of solid gold, the model will weigh 55 pounds. In solid gold. Fortunately for the automotive world’s collective soul, the model […]

DAMAC Properties, a privately held Dubai property developer, has hired two international investment banks to help arrange an initial public offering of shares in London and join a growing list of Gulf companies seeking overseas listings. Deutsche Bank and Citigroup Inc will advise on the planned flotation, two banking sources aware of the matter said, speaking on condition of anonymity as the matter is not public. The […]

The UAE’s new Land Transport Act will come into effect from September 1. The new act clearly explains the rules of carrying passengers and goods between the UAE and other countries as it specifies the responsibilities and commitment of the parties to ensure the safety of passengers and goods. According to this law, no land transport business maybe practiced without getting a license from the National Transport Authority […]

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