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Sergio's challenge: Build Jeep into FCA's top global brand by 2018

Auto analysts are skeptical that Sergio Marchionne, the hyperbolic chief executive of Fiat Chrysler Automobiles (FCHA.MI)(FCAU.N), can meet his most ambitious goal: to nearly double Jeep's global sales over the next four years.

Oct 15, 2014 11:38 AM EDT

Markets

Toyota China JV recalls 93,700 sedans due to leaking brake fluid

Toyota Motor Corp's (7203.T) Chinese joint venture will recall 93,700 cars due to leaking brake fluid, China's quality watchdog said on Wednesday.

Markets

Toyota recalls 1.67 million Toyota, Lexus cars

Japan's Toyota Motor Corp (7203.T) said on Wednesday it would recall a total 1.67 million vehicles globally in a voluntary move to address three separate defects including a faulty brake master cylinder that could hinder the brake's performance.

Markets

GM's third-quarter global vehicle sales up 2 percent on strong China, U.S. demand

General Motors Co's (GM.N) global sales rose 2 percent in the third quarter, driven by strong demand in the two largest auto markets in the world, China and the United States.

Make your own bed at some hotels and get a reward

During your next hotel stay, would you give up clean sheets in exchange for food vouchers or discounted Internet access?

Oct 14, 2014 12:01 PM EDT

French bank turns to Twitter for money transfers

One of France's largest banks launched a service on Tuesday to allow its customers to transfer money to other people via tweets on social network Twitter Inc. (TWTR.N).

Oct 14, 2014 12:00 PM EDT

Citi pulls consumer banks from 11 markets, profit tops estimates

Citigroup Inc (C.N) said it would pull out of consumer banking in 11 markets, including Japan and Egypt, as the most international U.S. bank focuses on more profitable businesses.

Oct 14, 2014 11:56 AM EDT

JPMorgan posts profit as trading picks up and legal costs ease

JPMorgan Chase & Co (JPM.N) reported a third-quarter profit as the biggest U.S. bank boosted revenue from trading and investment banking, and moved past the huge legal claims that pushed it into a rare loss in the same quarter last year.

Oct 14, 2014 11:51 AM EDT

Americans face post-foreclosure hell as wages garnished, assets seized

Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing their bank accounts, garnishing their wages and seizing their assets.

Oct 14, 2014 11:41 AM EDT

Facing new oil glut, Saudis avoid past mistakes to halt price slide

Still haunted by its failed attempt to prevent a steep drop in oil prices by slashing production by almost three quarters in the 1980s, the world's top oil exporter Saudi Arabia is determined not to make the same mistake again.

Oct 14, 2014 11:35 AM EDT

IEA sees 2015 oil demand growth much lower, supply hitting prices

Demand for oil in 2015 will grow far slower than previously forecast as global economies remain weak, the International Energy Agency said on Tuesday, and prices may extend their sharp fall so long as OPEC shows no sign of countering a supply surge.

Oct 14, 2014 11:30 AM EDT

Deaths linked to GM ignition-switch defect rise to 27

A program to compensate victims of a faulty ignition switch in General Motors (GM.N) vehicles has approved three new death claims, bringing the total number of deaths linked so far to the switch to 27, according to a report released on Monday by the lawyer overseeing the program.

Oct 14, 2014 11:25 AM EDT

Fiat Chrysler's Wall Street debut draws muted response

Investors cautiously greeted the Wall Street debut on Monday of Fiat Chrysler Automobiles (FCA), a move that shifts the carmaker's center of gravity away from Italy and caps a decade of canny dealmaking and tough restructuring by Chief Executive Sergio Marchionne.

Oct 14, 2014 11:19 AM EDT