Transportation

FedEx Quickens Pace of Aircraft Upgrades

FedEx is quickening the pace of its fleet modernization by grounding older aircraft sooner than anticipated, as it continues its plans to improve profitability.

Chrysler Recalls 435K Jeep SUVs

The automaker is recalling 435,000 Jeep sport utility vehicles to repair problems with their air bags and transmission-fluid lines.

Midwest Gas Prices Swell Ahead of Memorial Day

Some drivers hitting the road this weekend for Memorial Day will notice higher gas prices compared to last year’s holiday, with the cost of making a trip to the pump showing sizable increases in the Midwest.

Chevy Sparks Price War With New Electric Car

The automaker revealed that its newest electric vehicle, the Chevrolet Spark, will cost 38% less than the larger Volt hybrid, beating most of its competitors on price.

Report: Ford to Close Australia Plant

Ford Motor Co is set to announce it is closing its two Australian auto plants and will cease production in the country by 2016, a local media reported on Thursday.

Berkshire's Munger says takeover prices too high

Warren Buffett's Berkshire Hathaway Inc would be "stark raving mad" to rule out another giant acquisition like its 2009 Burlington Northern takeover, but high prices have made attractive targets scarce now, its vice chairman said on Friday.