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May 17, 2015 MONEY (MSM)

As recalls mount, Takata, Japan automakers stuck in uneasy reliance

Honda on Friday unveiled a new model with an unusual sales pitch – fuel efficient, lots of cargo space and, by the way, no air bag inflators made by Takata, the Japanese supplier at the center of a global safety crisis that has rocked both companies. Over the past five years, recalls have ballooned to include 36 million vehicles fitted with potentially lethal Takata air bags, triggering a criminal investigation

May 17, 2015 MONEY (MSM)

Greek PM warned lenders of not repaying IMF debt in May: report

Greece’s Prime Minister Alexis Tsipras had at one stage warned foreign creditors that Athens would not repay 750 million euros due to the IMF in May unless they provided it with immediate liquidity, the Kathimerini newspaper reported on Saturday. Athens ultimately made the May 12 payment by emptying an International Monetary Fund holding account. Citing European sources, the newspaper said Tsipras made the threat in a May 8 letter to

May 17, 2015 MONEY (MSM)

GM's lighter 2016 Camaro ups the ante in U.S. muscle car wars

General Motors Co (GM.N) unveiled the sixth generation of its Chevrolet Camaro on Saturday, upping the ante as Detroit’s muscle cars enjoy a renaissance fueled by cheap oil. Chevrolet marketers staged the official debut of the redesigned Camaro on Belle Isle in downtown Detroit less than a year after Ford Motor Co (F.N) launched the latest version of its rival Mustang sports car. The Camaro, Mustang and Fiat Chrysler Automobiles’