BYD, Chery and other Chinese car makers have reshaped global competition through their unprecedented agility. They have found ways to develop new models in less than half the time it takes their foreign rivals, helping to drive explosive growth.
General Motors persuaded a federal appeals court on Friday to decertify a class action seeking to hold the automaker liable for knowingly selling about 800,000 cars, trucks and SUVs with faulty transmissions.
General Motors is recalling over 62,000 US vehicles over a faulty brake assembly that can cause fires to break out, even when the cars are off and unattended.
GM is recalling 62,468 vehicles in the U.S. as an electrical short in the brake pressure switch can increase the risk of a fire while the vehicle is driving or parked, the U.S. National Highway Traffic Safety Administration said on Thursday.
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