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  • UPDATE 2-Penske profit beats but stock falls Friday, 2 Nov 2012 | 2:40 PM ET

    Nov 2- Penske Automotive Group Inc, the No. 2 U.S. car dealership group, posted a stronger-than-expected quarterly profit on Friday, but shares fell more than 2 percent as gross margins and vehicle pricing disappointed.

  • Penske posts stronger-than-expected profit Friday, 2 Nov 2012 | 11:49 AM ET

    Nov 2- Penske Automotive Group Inc, the No. 2 U.S. dealership group, on Friday posted a stronger-than-expected quarterly profit, helped by a 24 percent jump in retail sales of vehicles. Net income in the third quarter fell to $41 million, or 45 cents a share, compared with $55.7 million, or 61 cents a share, in the year-earlier quarter.

  • Chrysler exec has rough words for Trump Thursday, 1 Nov 2012 | 9:49 PM ET

    Jeep production to China, which the automaker refutes. Ralph Gilles, the head of product design for Chrysler, became the second top Chrysler executive in three days to strongly deny the claim, which was first made by Republican presidential candidate Mitt Romney last week to a crowd in Ohio.

  • DETROIT, Nov 1- Superstorm Sandy's fury caused U.S. auto sales to fall short of expectations in October, but industry executives still see a strong fourth quarter as the housing market improves.

  • Ford Motor Co of Canada remained Canada's top-selling automaker in October with total sales increasing 7 percent. Having recorded sales of 135,000 in October, Canada is on track to reach 1.7 million units sold in 2012. Sales reached more than 1.7 million vehicles only once before, in 2002..

  • *Ford October sales edge up; Toyota's up 16 pct. While General Motors Co and Chrysler Group LLC both reported their strongest sales for October since the 2007-09 financial crisis, the massive storm that hit the U.S. East Coast took as much as 30,000 vehicle sales out of the mix.

  • BUSINESS-NEWS-SCHEDULE AT 1830 GMT / 2.30 PM ET Thursday, 1 Nov 2012 | 6:32 PM ET

    NEW YORK- Huge logistical problems from power failures and navigational hazards roil the massive New York Harbor oil hub in the wake of Hurricane Sandy, threatening widespread delays in fuel deliveries off the New York Mercantile Exchange's futures contracts (STORM-SANDY/CME-DELIVERIES, moving shortly, 800 words).

  • Nov 1- Ford Motor Co of Canada remained Canada's top-selling automaker in October with total sales increasing 7 percent largely on the back of a nearly 17 percent jump in passenger car sales, the company said on Thursday. Ford of Canada, a wholly-owned unit of Ford Motor Co, said total vehicle sales increased to 20,565 last month from 19,190 in October 2011.

  • *Ford October sales edge up; Toyota's up 16 pct. DETROIT, Nov 1- General Motors Co and Chrysler Group LLC both reported their strongest U.S. sales for the month of October since the financial crisis sent both U.S. automakers into bankruptcy, but the destruction of storm Sandy will cause the sector to miss overall sales expectations.

  • Chrysler Canada sales rose 3 percent in October Thursday, 1 Nov 2012 | 3:09 PM ET

    Nov 1- Chrysler Canada said on Thursday its sales in October rose 3 percent over a year before, continuing its nearly three-year run of stronger sales largely on the back of higher passenger car sales.

  • RPT-PREVIEW-U.S. auto sales seen up 11 pct in October Thursday, 1 Nov 2012 | 10:44 AM ET

    *Storm Sandy may cost industry 100,000 vehicle sales. DETROIT, Oct 31- U.S. auto sales are set to rise 11 percent in October, led by Toyota Motor Corp and Honda Motor Co which benefited from increased demand for compact cars as gasoline prices remained high across the country.

  • Ford to hold conference call, may reveal CEO plan Thursday, 1 Nov 2012 | 7:30 AM ET

    DETROIT-- Ford has scheduled a conference call for Thursday morning and may announce a succession plan for CEO Alan Mulally. Many in the company expect Americas President Mark Fields to be promoted to Chief Operating Officer, a step that prepares him to take over for Mulally. Ford Motor Co. spokesman Jay Cooney would not say what the conference call is about.

  • PREVIEW-U.S. auto sales seen up 11 pct in October Wednesday, 31 Oct 2012 | 10:38 PM ET

    *Storm Sandy may cost industry 100,000 vehicle sales. DETROIT, Oct 31- U.S. auto sales are set to rise 11 percent in October, led by Toyota Motor Corp and Honda Motor Co which benefited from increased demand for compact cars as gasoline prices remained high across the country.

  • Reuters World News Highlights 2200 GMT Oct 31 Wednesday, 31 Oct 2012 | 10:00 PM ET

    BRUSSELS/ ATHENS- Euro zone finance ministers made progress on Wednesday on ways to keep Greece afloat, Germany said, as talks between Athens and its foreign lenders near conclusion over reforms it must implement to receive fresh emergency loans.

  • UPDATE 1-GM spends $3.6 bln on lump-sum pension buyouts Wednesday, 31 Oct 2012 | 6:44 PM ET

    DETROIT, Oct 31- General Motors Co spent $3.6 billion on pension buyouts this year for white-collar retirees as part of a plan to cut about one-fifth of its global pension liability. GM also said it would shift management of pension plans for 118,000 salaried retirees to a unit of Prudential Financial Inc..

  • Reuters World News Highlights 1800 GMT Oct 31 Wednesday, 31 Oct 2012 | 6:00 PM ET

    JERUSALEM- Most Israelis would be reassured if Mitt Romney won next week's U.S. presidential election, feeling they had an unquestioning friend rather than a dispassionate critic in the White House.

  • *GM expects much bigger loss in Europe this year. *Still sees Europe economy flat to slightly deteriorating. Shares of the automaker rose nearly 9 percent in afternoon trading even as it said it expected to lose as much as $1.8 billion in Europe this year.

  • GM sees 2013 Europe industry auto sales down 4-5 pct Wednesday, 31 Oct 2012 | 3:48 PM ET

    DETROIT, Oct 31- General Motors Co expects industry auto sales in Europe to fall 4 percent to 5 percent in 2013 from 2012, when sales were the weakest in nearly two decades. Steve Girsky, GM's Europe chief, said on a conference call on Wednesday that the company is not banking on market share gains of its Opel and Vauxhall brands to financially succeed.

  • DETROIT, Oct 31- General Motors Co is targeting $500 million in fixed-cost savings between 2013 and 2015, and it plans to make further job cuts in Europe as it seeks to break even in the region by mid-decade, the automaker said on Wednesday.

  • DETROIT, Oct 31- General Motors Co is targeting $500 million in fixed-cost savings between 2013 and 2015 and plans to make further job cuts in Europe as it seeks to break-even in the region by mid-decade, GM said on Wednesday. The Detroit- based automaker posted a surprisingly strong quarterly profit and said it was targeting breaking even in Europe in mid-decade.