Related topics: electric vehicles ยท automakers

US allows GM to delay recall to prove safety of air bags

U.S. auto safety regulators are allowing General Motors to delay a large recall of potentially defective air bags, giving the company time to prove that the devices are safe and to possibly avoid a huge financial hit.

GM takes stake in China car-sharing startup

US automaker General Motors is taking a stake in the Chinese car-sharing startup Yi Wei Xing, expanding the company's global footprint in alternative and mobile-oriented transport.

Car giants see road to riches in sharing

Auto giants are racing to invest in car- and ride-sharing services, lured by the prospect of fat profits yet to be tapped from a billion cars on the world's roads.

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