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The National Highway Traffic Safety Administration opened an investigation Jan. 27 into approximately 905,000 Cobalt models in the United States after receiving more than 1,100 complaints of loss of power steering, 14 crashes and one injury, GM disclosed. "We're playing this as honest and transparent as we...

Author: /time Magazine | Title: For GM, It's Two Steps Forward, One Step Back | 3/4/2010 | See Source »

Many of the models being recalled have been on the road for several years. "We found that this is a condition that takes time to develop. It tends to occur in older models out of warranty," said Jamie Hresko, GM Vice President of Quality, who said the company began looking...

Author: /time Magazine | Title: For GM, It's Two Steps Forward, One Step Back | 3/4/2010 | See Source »

As Russian President Dmitri Medvedev wound up a three-day state visit to Paris on Wednesday, he had to be pleased with the results. After all, he virtually cinched an unprecedented military deal, bagged a significant gas contract and watched his French host, President Nicolas Sarkozy, dismiss American and European...

Author: /time Magazine | Title: Why France Is Selling Warships to Russia | 3/3/2010 | See Source »

Such stories remain mostly confined to the media outlets of human rights and labor organizations, whose members operate under perpetual fear of arrest and intimidation. Iran's official media continue to portray Iran as a success story. Indeed, so does President Mahmoud Ahmadinejad. However, at Ahmadinejad's most recent press...

Author: /time Magazine | Title: Are Iran's Leaders Hiding a Severe Economic Downturn? | 3/3/2010 | See Source »

The rosy talk out of the President's office does not match up with the realities faced by ordinary Iranians. "They look at their pockets and find nothing positive there," says the Iranian journalist. "They cannot believe all those optimistic figures given by the government. The government says that inflation...

Author: /time Magazine | Title: Are Iran's Leaders Hiding a Severe Economic Downturn? | 3/3/2010 | See Source »

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