Nissan recalls 908,900 vehicles for sensor problem
TOKYO – Nissan Motor Co. recalled 908,900 vehicles around the world Thursday for defective accelerator sensors that could cause the engine to stall.
The recall affects the Serena minivan, Infiniti M luxury model, X-trail sport utility vehicle and other models, the automaker said. No accidents have been reported related to the problem.
Most of the vehicles being recalled are in Japan. Others are in North America, Europe and Oceania, Yokohama-based Nissan said.
Sensors, manufactured in Japan, can malfunction, causing the vehicle to slow down and at times stop, it said.
Gov’t sells more GM shares, cuts stake to 7 pct.
NEW YORK – The U.S. government is starting another phase of selling off its General Motors stock after cutting its stake in the automaker to just over 7 percent.
The Treasury Department says it still owns 101.3 million GM shares. It got 912 million shares, a 60.8 percent stake in the company, in exchange for a $49.5 billion bailout of GM in 2009. So far taxpayers have recovered about $36 billion. That means they're still around $13.5 billion in the hole.
To break even, the remaining shares would have to sell for about $133 each. At Thursday's price of $36.95, the government would get about $3.7 billion more. So taxpayers are likely to lose around $10 billion on the deal.
The Treasury plans to sell all of its shares by April 1.
McDonald’s to offer salad, fruit as side
NEW YORK – McDonald's says it will start giving customers the choice of a salad, fruit or vegetable as a substitute for french fries in its value meals at no extra cost.
McDonald's Corp. will roll out the change early next year in the U.S.