Page 36 - Industry Average News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Your man ben bernanke had to say. >> he said the economy is getting better, that means the fed will stop all the stimulus. not right now but eventually. dow futures down 80 points, big sell-off yesterday, the dow, nasdaq, s&p all swooning by more than 1%. the dow was down 206 points. fed reserve chairman ben bernanke said the fed was prepared to "taper" its purchases of bonds as the economy improves. he signaled the stimulus program could end by next year, that could raise your borrowing costs, you would feel it. a stunning turnaround for general motors for the first time j.d. power and asso...

Mandy, on the good side of the economy, what a turn around for general motors, four years ago they were in bankruptcy. >> it's a good story, in fact. gm has ruizen dramatically up the ranks in one of the auto industries respected measures of new vehicles. the gmc truck brand jumped to number two among all brands. in fact just behind porsche for the fewest new vehicle problems. chevrolet brand rose to number five. and other two planned cadillac and buick beat the industry average. so it's good news all around. >> gmc will cost you less than that porsche. >> yes. >> thank you so much. >> no prob...

The industry average for that type of vehicle built at that time. >> reporter: recalls are not unusual. fwhut is the first time since 1996 that an automaker has challenged a recall demand from the nhtsa. that case also involved chrysler and the company prevailed in a two-year federal court battle. athena jones, cnn, washington. >> i'm just looking at the value of the bailout from the american government to chrysler when it went into bankruptcy in 2009. the u.s. government gave it billions of dollars. it's interesting on the other end you got now chrysler telling the government, no. >> yeah, th...

Statement saying, we believe in ntsa's initial conclusions are based on an incomplete analysis of the underlying data and we are committed to working with the agency to resolve this agreement. the center for auto safety says its data shows the risk of fire for a grand cherokee in the model years in question is more than 20 times later than the risk in a comparable ford explorer. >> chrysler contend their gas tanks on these vehicles were built according to government safety standards built at this time and basically there is no problem. the number of people that died in rear-end collisions is f...

Minimum standards for rear end collisions. but in a june 3rd letter from nhtsa to chrysler the agency said bluntly, quote, the existence of a minimum standard does not require nhtsa to ignore deadly problems. chrysler responded in a statement saying, we believe that nhtsa's initial conclusions are based on an incomplete analysis of the underlying data. and we are committed to continue working with the agency to resolve this disagreement. but it's the data that's scaring some consumer advocates. the center for auto safety says its data shows the risk of fire for a grand cherokee in the model ye...