Stocks opened sharply lower after a new report showed unexpected weakness in Chinese manufacturing. Also, General Motors is recalling more than 27,000 Cadillac SUVs worldwide because of loose wheels. Ashley Morrison reports.

The difference between Tesla and Fisker? Tesla acted like a real car company.Electric car company Tesla paid back a controversial loan to the Department of Energy on Wednesday, a feat that sets it apart from other fledgling electric car start-ups and programs.The repayment of nearly half a billion dollars comes nine years ahead of schedule and will net U.S. taxpayers ...

By Deepa Seetharaman DETROIT (Reuters) - Tom LaSorda, the former chief executive of Chrysler Group LLC and Fisker Automotive, is launching a venture capital fund with racing magnate Roger Penske to invest in technology startups. The fund, IncWell LP, will provide initial investments ranging from $50,000 and $250,000. IncWell has "strong interests" in the areas of clean energy, medical, healthcare, ...

General Motors is joining the electric-car price war with a lease deal on the Chevrolet Spark EV at $199 a month.    

Global shares sink, following 7.3 percent drop in Japan's Nikkei (Reuters) When all fails, pull a Kevin Bacon: Japan Economy Chief Warns Against Panic Over Stock Sell-Off (BBG) White House Feeds IRS Frenzy by Revising Accounts (BBG) In any scandal, lying to Congress is tough to prove (Reuters) Debt limit resets at higher level, budget impasse grinds on (Reuters) China ...