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  • Feb 13- TRW Automotive Holdings Corp, which is being acquired by German supplier ZF Friedrichshafen AG, on Friday reported adjusted fourth-quarter profit that topped estimates. The supplier of automotive safety systems said it is working with Japan's Takata Corp and vehicle manufacturers to build replacement inflators for millions of recalled vehicles...

  • UPDATE 1-TRW 4th-quarter profit tops estimates Friday, 13 Feb 2015 | 7:56 AM ET

    Feb 13- TRW Automotive Holdings Corp, which is being acquired by German supplier ZF Friedrichshagen AG, on Friday reported adjusted fourth-quarter profit that topped estimates. Including one-time charges related to pensions and restructuring, it had a loss of $360 million, or $3.22 a share, compared with a profit of $363 million, or $3.00 a share, in the...

  • DETROIT, Feb 12- An investor group demand that General Motors Co give back more of its $25 billion cash hoard confronts Chief Executive Mary Barra with a challenge to her plans for building the company and rewarding shareholders. "Having a very, very strong balance sheet is wise, but we're beyond wisdom and into excess capital," said Grant Taber, portfolio manager at...

  • Feb 12- The federal judge who oversaw Detroit's historic bankruptcy case ruled on Thursday that the nearly $178 million charged to the city by law firms and consultants for fees and expenses was reasonable. The biggest bill in the biggest-ever U.S. municipal bankruptcy came from law firm Jones Day, which had employed Kevyn Orr before he was tapped by Michigan...

  • The automaker is working with Morgan Stanley and Goldman Sachs Group Inc for advice on how it should deal with former U.S. auto task force member Harry Wilson and four hedge funds that are pushing for the company to dip into its $25 billion in cash, GM said on Thursday. "We are working with a set of advisors including Goldman Sachs and Morgan Stanley," GM said in a...

  • The automaker is working with Morgan Stanley and Goldman Sachs Group Inc for advice on how it should deal with former U.S. auto task force member Harry Wilson and four hedge funds that are pushing for the company to dip into its $25 billion in cash, GM said on Thursday. "We are working with a set of advisors including Goldman Sachs and Morgan Stanley," GM said in a...

  • Ford to build new carbon fiber GT car in Ontario Thursday, 12 Feb 2015 | 11:00 AM ET

    TORONTO, Feb 12- Ford Motor Co will build its new GT carbon fiber supercar in Markham, Ontario, the company announced at the Canadian International Auto Show on Thursday. The two-door high-performance coupe, which was unveiled last month at the Detroit auto show and set for availability in late 2016, will be built in partnership with privately held contract...

  • DETROIT, Feb 11- Tesla Motors Inc missed fourth-quarter sales targets and analysts' profit expectations, but Chief Executive Officer Elon Musk on Wednesday said by 2025 Tesla's growth trajectory could take its market value to $700 billion, matching that of Apple Inc.. It was a glimmer of optimism capping a difficult quarter that saw the electric-car company...

  • DETROIT, Feb 11- Tesla Motors Inc missed sales targets and racked up a fourth-quarter loss of $107.6 million as the luxury electric car maker struggled with production and delivery issues on several fronts. Tesla on Wednesday reported a loss of 86 cents per share, compared with a year-ago loss of $16.3 million, or 13 cents per share. Free cash flow in the quarter was...

  • Tesla reports 4th-quarter loss of $107.6 million Wednesday, 11 Feb 2015 | 5:51 PM ET

    DETROIT, Feb 11- Tesla Motors Inc on Wednesday reported a fourth-quarter loss of $107.6 million, or 86 cents per share, compared with a year-ago loss of $16.3 million, or 13 cents per share. Tesla Chief Executive Elon Musk had said in July 2014 the company would deliver 13,000 of its Model S sedans. Revenue in the quarter climbed to $956.7 million, from $615.2 million a...

  • In all three states, Alaska, West Virginia and Michigan, problematic funding gaps widened, the report said. In 2006, Alaska switched newly hired state workers from its two biggest traditional defined benefit plans to a defined contribution plan. In 2014, Alaska made a $3 billion cash infusion into the defined benefit plans to shore them up.

  • Feb 10- Tesla Motors Inc Chief Executive Elon Musk is prepared to fire overseas executives, people with knowledge of the matter said, after weak Chinese sales of the company's luxury electric cars cast doubt on his ambitious global expansion plans. Tesla sold about 120 cars in China last month, one of the sources told Reuters, well below the company's aggressive...

  • DETROIT, Feb 10- Chief Executive Mary Barra's plan to keep a big cash cushion for General Motors Co is under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy. Harry Wilson, who was a member of the task force, notified the Detroit automaker on Monday that he wanted it to spend $8...

  • DETROIT, Feb 10- Chief Executive Mary Barra's plan to keep a big cash cushion for General Motors Co is under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy. Harry Wilson, who was a member of the task force, notified the Detroit automaker on Monday that he wanted it to spend $8...

  • DETROIT, Feb 10- Plans by General Motors Co's chief executive officer to keep a big cash cushion for the automaker has come under attack from a group of shareholders led by a member of the auto task force that helped restructure the company during its 2009 bankruptcy. Harry Wilson, who was a member of the task force, notified the Detroit automaker on Monday that he...

  • DETROIT, Feb 10- General Motors Co Chief Executive Mary Barra's strategy of rebuilding the Cadillac brand has run into twin roadblocks: the carmaker can't persuade enough American sedan buyers to switch from foreign competitors such as BMW or Mercedes, and it can't make enough of its Escalade SUVs to satisfy domestic demand. At Brotherton Cadillac Buick GMC in...

  • SAN JUAN/ NEW YORK, Feb 9- Puerto Rico said on Monday it would appeal a U.S. ruling that voided the island's restructuring law, saying it left it in legal limbo and struggling to find a way to manage its debt load. "We are left deprived of the only instrument available to manage our debt in an organized form," Puerto Rico Justice Secretary Cesar Miranda said in a statement.

  • DETROIT, Feb 5- General Motors Co plans to begin building the Chevrolet Bolt, its all-new $30,000 electric car, in October 2016 at an underused small-car plant north of Detroit, two supplier sources said. Despite the heavy hype surrounding the car's unveiling last month at the Detroit auto show, the sources said, GM's production target for the Bolt is relatively...

  • DETROIT, Feb 4- A consortium of 10 automakers led by Toyota Motor Corp plans to hire an independent engineering firm and a former top U.S. auto safety regulator to investigate a rash of problems with air bags supplied by Japan's Takata Corp, the group said on Wednesday. The carmakers want a forensic engineering firm "to address the technical issues with Takata air...

  • DETROIT, Feb 4- General Motors Co will consider returning more cash to shareholders later this year, on top of a planned 20- percent dividend increase announced Wednesday, the company's chief financial officer told Reuters. He added GM prefers to carry the high end of its targeted cash range of $20 billion to $25 billion until then. Stevens said the planned...