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Hyundai-Kia's Big Chase (2/15/13)

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  1. Michael Bloomberg1:51
  2. General Motors2:37
  3. City Council2:05
  4. attorneys general0:45
  5. vice president0:21
  6. electric vehicles2:13, 2:16
  7. GM2:42
  8. Dodge Durango1:42
  9. Chrysler Aspen1:41

Fri, 15 Feb 2013|

South Korean siblings on quest to boost European appeal, Elena Ford a VP, charging in a NY minute, Buffett ups GM stake.


Automatically Generated Transcript (may not be 100% accurate)

Good to -- you on this Friday I'm Jennifer bond. Hyundai hits the fast track we'll get to that story later on but first up headlines. Form has elevated marketing exact Alina Ford -- vice president. She'll -- a new global dealer and consumer experience group. She's the great great granddaughter of company founder Henry Ford. She's also the first family member to rise to be peace since 1984. When her -- executive chairman bill Ford. Became head of the commercial truck division. Toyota has reached a settlement with attorneys general in 29 states and one US territory. They had accused the auto maker of foot raking in its safety recall process from 2005 to 2010. You but I will shell out 29 million dollars to be divided among the states and American Samoa. In December to get a set aside at one point one billion dollars to cover recall related suits. The settlement will be paid for those funds. Chrysler aches -- a previous recall to cover more than 307000. Pickups and suvs globally. It loose fastener could cause the rear axle till lock up and make the driver to lose control. On the list some ram 15100 -- cubs from model years 2009. Through 2012. 2009 to 2011 Dodge Dakota -- plus 2009 Chrysler Aspen and Dodge Durango suvs. We'll make New York City a national leader in another new technology. Electric vehicles. New York mayor Michael Bloomberg announcing a big EV -- in his final state of the city address. Among the -- -- pilot program to install curbside quit chargers in this city. In addition. Work. The City Council to amend the building codes set up to 20% new public parking spaces. In private developments will be wired and ready for electric vehicles creating up to 101000 parking spots for electric vehicles over the next seven years. Plans also call for -- third of the city's taxis to be electric bike when he money. And billionaire Warren Buffett up here really likes more than just -- catch up. According to an SEC filing. Buffett's Berkshire Hathaway. Boosts -- stake in General Motors 67%. Late last year. Buffett raising his GM holdings from fifteen million shares 25 million. Hyundai along with its affiliate Kia was the fastest growing major auto group in Europe last year. In fact Bloomberg says the group sales surge 12% of their regions slumping market. -- -- date basis Avery new challenge this year. As rivals introduce new vehicles there such as GM's Opel with the -- city car. Bloomberg says Hyundai is working to make its cars better suited pretty European drivers. So in addition to its European R&D center it's building -- seven point four million dollar research center. At and you're furthering test track in Germany that long time proving ground for poor shot first think he's back and than others. That's on terror has direct access to the track and is geared toward helping engineer is refined healing pretty European tastes. It's -- to open in June. Hyundai says nearly 95% of the cars at full list here in Europe were designed and tenured and arrested. In its existing R&D center in -- kind. Finally a first shift freeze frame. A look at Eddy putter -- to inspired by the Mercedes-Benz. Asked no -- and she could pay electric drive. Yeah auto maker and cigarette racing in Miami this weekend showing off this electrically -- in motor boats. And -- their time for now will be op -- Monday for presidents day. Have a great weekend and we'll see you back here on Tuesday.

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