GM recalls 1.5 million vehicles over heated wiper fluid fires
General Motors says it will disable the heated windshield washer fluid module in about 1.5 million 2006 to 2009 model year vehicles including Buick Lucerne Cadillac CTS Hummer H2 Enclave Escalade Tahoe Suburban Silverado Yukon Acadia Sierra Saturn Outlook Traverse and more. Five fires reported none injuries. Letters going out this month.
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Casey's rebuffs Couche-Tard hostile bid over value
Casey's General Stores board urged shareholders to reject Couche-Tard Inc. offer of 36 per share valuing Casey's at about 1.9 billion. Casey's cited low premium, poor commitment signals after Couche-Tard sold most Casey's shares, leaving 362 shares owned, and warned the move could harm regional customer loyalty.
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GM to keep about 5000 dealers after reprieve
GM North America President Mark Reuss says GM should wind up with about 5,000 dealers in July, ending dealer appeals and shifting post bankruptcy strategy. The move preserves thousands of jobs and avoids costly closures while noting profitability needs.
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