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Chrysler recalls Jeeps for fire risk

Chrysler has decided to recall 2.7 million 1993 to 2004 Jeep Grand Cherokee and 2002 to 2007 Liberty models for a potential risk relating to the fuel tank placement between the rear bumper and rear axle. The recall is initiated 15 days after the automaker originally denied a request following a National Highway Traffic Safety Administration investigation. On June 4, one day after NHTSA's finding, Chrysler rejected the request in a media statement, stating the NHTSA's initial conclusions are based on “incomplete analysis of the underlying data.” Chrysler said the impacted models met or exceeded all applicable requirements of the Federal Motor Vehicle Safety Standards, including the ones pertaining to fuel system integrity.

Best petrol price falls since 2008

MOTORISTS are enjoying the biggest fall in petrol prices since the credit crunch days of 2008. But the AA has warned that a further dip in prices is unlikely. Average petrol prices in the UK fell 5.49p a litre between mid September and mid-October - the biggest monthly fall since the 11.5p petrol price collapse in November 2008, the AA said.

GM's Henderson says no decision yet on bankruptcy

General Motors CEO Fritz Henderson said today the company has not decided whether to file for bankruptcy protection, but that preparations continue in case such an action is necessary. "We have until June 1, and if we can't do it between now and June 1 then we do it in bankruptcy," Henderson said during a morning teleconference with journalists. Still in his first month at the helm after the March 30 departure of CEO Rick Wagoner, Henderson said he wasn't sure who would make the decision.