GM to fight $1 billion stock demand for ignition-switch pact
GM could be forced to give up more than $1 billion in new stock if a judge approves a deal between a trust handling its old bankruptcy claims and customers who sued over faulty ignition switches.
BorgWarner Q1 income surges 19 percent on currency gain, acquisition
BorgWarner Inc. said its net income grew 19 percent to $225 million, as the auto supplier's profits were fueled by a $200 million foreign-currency gain.
Group 1 Q1 net rises on U.S. sales growth
Group 1 Automotive's first-quarter net income rose 5.5 percent on improving business conditions in the U.S. oil patch, along with the recent U.S. tax cut.
