TODAY'S BUSINESS HEADLINES

Winning Korean bidder seeks reduction in $440.88-million price tag for Angat power plant

Pag-Ibig mulls P5 billion investment in stocks

Asia Brewery eyes dairy manufacturing hub in Laguna for exports to Southeast Asia

Philippines' forex surplus up a third at end-May

Globe sets P7-billion debt sale to finance Bayan takeover

U.S. regulators probe Chrysler 200, Ford Explorer

InterAksyon.com means BUSINESS

DETROIT - U.S. safety regulators opened two separate safety investigations into Chrysler Group LLC's 200 sedan due to complaints of engine stalling and Ford Motor Co's Explorer SUV for steering problems.

Both vehicles are for the model year 2011. The two probes potentially affect more than 170,000 vehicles.

The National Highway Traffic Safety Administration said in a posting on its website that it received 15 complaints about 2011 Chrysler 200 equipped 3.6-liter engines. The vehicles stalled without warning when the driver was decelerating at low speeds, such as braking for a stop light, according to the complaints.

NHTSA's department of defect investigations also received 15 complaints about Ford Explorer vehicles equipped with electric power assisted steering. In those incidents, drivers reported a loss of power steering and the need to apply more effort to steer the SUV.

 

InterAksyon.com means BUSINESS

BUSINESS NEWS  
OTHER BUSINESS STORIES  
Business Winning Korean bidder seeks reduction in $440.88-million price tag for Angat power plant
Business Pag-Ibig mulls P5 billion investment in stocks
Business Asia Brewery eyes dairy manufacturing hub in Laguna for exports to Southeast Asia
Business Philippines' forex surplus up a third at end-May
Business Globe sets P7-billion debt sale to finance Bayan takeover
Business 'The Philippines has arrived', executive says as Rolls Royce appoints distributor in Manila
Business | Opinion RANDOM WALKER | Stock market collapse points to rising economic risks
Business | Opinion COWARD'S INBOX | How managers conduct performance appraisals
Business Power crisis fears unnerve industry in booming Philippines
Business Where did OFWs' remittances go in 2Q?
World | Business Who has accounts in offshore tax havens? Investigative journos post database online
Opinion | Business COCKTALES | PCSO names PNoy campaign funder to arbitrate lotto case of Cojuangco in-law
Business 4 Filipino businessmen on Forbes list of Asian philanthropists