Wednesday, May 23, 2012 | 5:50 p.m.

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Feds add 2012 model year to Chevy Cruze fire probe

U.S. safety officials have added the 2012 model year to an investigation of engine fires in the Chevrolet Cruze compact car. The National Highway Traffic Safety Administration said last month it was investigating the 2011 Cruze because of two complaints of fires that engulfed and destroyed the cars. In documents ...

Vettel locked in tight battle ahead of Monaco GP

When Sebastian Vettel headed to the Monaco Grand Prix last season, all the talk was of how quickly the Red Bull driver would wrap up the Formula One championship. It could not be more different this year, with the two-time defending champion tied with two-time former champion Fernando Alonso of ...

Rogue is Nissan's best-selling SUV

Americans still love riding high above the ground in their vehicles but have been opting for smaller sport utility vehicles to save on gasoline costs. No wonder, then, that sales of the Nissan Rogue were up 25.1 percent last year from the calendar year before — to 124,543 ...

News Summary: Mazda, Fiat team up on convertible

SPORTY DUO: Mazda Motor Corp. and Fiat SpA are working together on developing and manufacturing a roadster, or two-seater convertible, although the automakers will come up with different, distinctly styled models. UNIQUE STYLING: Both sides said in a release Wednesday they had signed an agreement to work together, but each ...

Fact sheet: Nissan Rogue

2012 Nissan Rogue SV FWD BASE PRICE: $22,070 for S FWD; $24,510 for SV FWD; $28,410 for SV with SL package. PRICE AS TESTED: $29,560. TYPE: Front-engine, front-wheel-drive, five-passenger, compact sports utility vehicle. ENGINE: 2.5-liter, double overhead cam, inline four cylinder with Continuously Variable Timing Control System. MILEAGE: 23 mpg ...

Passers-by check the electronic stock indicator of a securities frim in Tokyo Wednesday, May 23, 2012. Japan's Nikkei 225 index fell 1.98 percent to 8,556.60 as a report that Greece is considering preparations to leave the euro common currency sent Asian stock markets lower Wednesday. (AP Photo/Shizuo Kambayashi)

Europe's stocks hit on EU summit skepticism

Stock markets were hit hard and the euro skidded down to near 22-month lows against the dollar Wednesday as investors grew increasingly skeptical that European Union leaders will be able to cobble together a plan to kick-start the region's faltering economy and deal with its crippling debt. Leaders of the ...

Mazda, Fiat to work together on small convertible

Mazda Motor Corp. and Fiat SpA are working together on developing and manufacturing a roadster, or two-seater convertible, although the automakers will come up with different, distinctly styled models. The deal with Fiat of Italy, which controls U.S. automaker Chrysler, serves as a perk for a money-losing Mazda, and highlights ...

SF jury awards $11.4m for garbage truck injury

A jury has awarded $11.4 million to a garbage truck driver who was injured when the wheel fell off his truck. The San Francisco Chronicle (http://bit.ly/L6OvQA ) says a federal jury in San Francisco made the award last Friday in a lawsuit filed by 46-year-old Raymond Mariolle. Part of the ...

Mazda and Fiat say they will work together on developing and manufacturing a new car

Mazda and Fiat say they will work together on developing and manufacturing a new car.

TransUnion: Late auto-loan payments down in 1Q

The rate of late payments for auto loans fell nationally in the first three months of the year to the lowest level in more than a decade, even as lenders financed more vehicle purchases for high-risk borrowers. For the January to March quarter, the rate of U.S. auto loan payments ...

News Summary: Late US car-loan payments down in 1Q

DECLINING RATE: Credit reporting agency TransUnion says the rate of late payments for auto loans declined nationally in the first three months of the year to 0.36 percent. That's also down about 22 percent from the fourth quarter of 2011. RECORD LOW: The latest rate represents the lowest it's been ...

Ford to get blue oval back after second upgrade

Ford Motor Co. is getting its blue oval logo back. Moody's Investors Service raised Ford's debt ratings to investment-grade Tuesday for the first time in seven years. The upgrade means that all of Ford's U.S. assets, including factories, the blue oval and the trademarks for the F-150 pickup and Mustang ...

EU flags wave as they are mirrored at the European Council building in Brussels, Tuesday, May 22, 2012. At Wednesday's informal meeting of the EU's 27 leaders in Brussels, newly elected French President Francois Hollande is expected to push for so-called eurobonds, which can be used to fund investments or boost banks' capital reserves. (AP Photo/Yves Logghe)

Asia stocks down as worries over Greece grow

Reports that Greece is considering preparations to leave the euro common currency sent Asian stock markets lower Wednesday. Investors have long known of the possibility of a Greek withdrawal from the 17-nation euro currency union as it struggles to meet harsh austerity targets that are a condition of getting international ...

Hecker moved to Pa. prison

Fallen Twin Cities auto mogul Denny Hecker has been switched to another prison. WCCO-TV (http://cbsloc.al/L2DX4U) reports Hecker was recently moved to the U.S. Penitentiary in Canaan, Pa. It's his fifth prison in four months. Hecker was sentenced to 10 years in prison last year in a high-profile fraud case. He ...

IndyCar drivers check out Belle Isle

English driver Katherine Legge expects an eventful return when the IndyCar Series comes back to the Motor City next month. Legge, Rubens Barrichello of Brazil and Oriol Servia of Spain were in Detroit on Monday, checking out Belle Isle Park, site of the Detroit Belle Isle Grand Prix set for ...

Nissan's luxury Infiniti brand opens Hong Kong HQ

Nissan's upscale Infiniti brand unveiled its new global headquarters in Hong Kong on Tuesday, as the Japanese automaker uses the southern Chinese financial center to grab a bigger piece of the world's top car market. Nissan Motor Co. President and CEO Carlos Ghosn dotted the eyes on traditional Chinese lion ...

Asia stocks up amid hopes China to boost growth

Hopes China will announce new measures to boost economic growth helped push Asian stock markets higher Tuesday. Investors were encouraged by weekend statements from Chinese Premier Wen Jiabao, who promised to spur growth in the world's second-largest economy, a shift from previous rhetoric about curbing inflation. Gains on Wall Street ...

Mich. House Dems aim to regain power lost in 2010

To After the largest Republican sweep in decades sapped Democrats of power in 2010, party leaders in the Michigan House said Monday they're working to regain the majority by focusing on fundraising, candidate training and door-to-door campaigning. Democratic lawmakers and candidates gathered in Lansing to discuss their plans and prospects ...

IndyCar racers check out Belle Isle

IndyCar driver Katherine Legge expects an eventful return when open-wheel racing comes back to the Motor City next month. Legge, Rubens Barrichello and Oriol Servia were in Detroit on Monday, checking out Belle Isle Park, where the Detroit Belle Isle Grand Prix is set for June 1-3. It will be ...

Industries oppose making 85 octane gas legal in SD

The automobile and small engine manufacturing industries are among those opposing an effort to make the sale of 85 octane gasoline legal in South Dakota, saying it could harm consumers. Fuel refiners dispute that and many South Dakota residents already have been using the fuel — some without knowing. Fuel ...