Cadillac

Takata hires financial adviser to mull restructuring options

UPDATED: 5/25/16 6:29 pm ET - adds company statement

Takata hired investment bank Lazard to lead efforts to seek new investment and help resolve financial issues stemming from its record-setting recall of tens of millions of airbag inflators that can rupture.

GM sales drop 3.5% as rental sales slide; retail deliveries rise 12th straight month

GM's April sales fell 3.5 percent, amid another big drop in deliveries to rental companies. GM sold 259,557 vehicles last month. Its retail sales

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