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The year maybe almost over, but there seems no end to the string of recalls issued by automakers this year. The latest action, announced Thursday, involves some 100,000 vehicles produced by General Motors (GM). The Detroit-based auto giant is warning that airbags in some Cadillac models may not...

Airbus will overhaul its A320 jet to offer 15% more fuel efficiency. Airbus will spend more than 1 billion euros ($1.3 billion) on the "A320neo" project, which will improve efficiency and reduce emissions, Reuters said. The new plane will have upward-slanting wingtips and use engines from...

Engineers found oil leaks in three engines in Qantas Airways' (QUBSF) grounded fleet of Airbus A380s, CEO Alan Joyce said. Engineers found the leaks as they performed safety tests after last week's incident where an engine on an A380 exploded in mid air during a Singapore-Sydney flight, forcing...

Saab Automobile signed a deal to begin using BMW engines as the struggling Swedish automaker seeks to restore its profitability and prestige.

The long-awaited Boeing 787 Dreamliner will be ready for service early next year. Rolls-Royce, which supplies some of the engines used in the 787 Dreamliner, will meet with Boeing (BA) this week to work out plans to recover from an engine blow-out last month, Bloomberg News said. Sponsored...

Boeing (BA) is delaying the maiden flight of one of its test 787 Dreamliner jets. "Typical build and flight-test challenges" are holding back the sixth test jet's maiden flight, while workers are "finishing the structure and dealing with anything you have to deal with in getting a flight-test...

Here's news from the business world and other money matters to watch out for Friday (last updated at 7:33 a.m. Eastern time): Gambling With Welfare Benefits: In the U.S., welfare payments are made electronically in the form of Electronic Benefits Transfer cards, which work similarly to debit...

General Motors plans to develop a small, fuel-efficient engine and advanced transmission with Chinese partner SAIC Motor Corp. The engineering and development work will be carried out by engineers from the two firms in Detroit, and at the Pan Asia Technical Automotive Center, a joint venture...

Toyota will begin recalling 270,000 luxury Lexus cars on Monday to fix a problem that causes the vehicles' engines to stall, the company said Friday in Japan, adding to its already lengthy list of recalls this year.