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  • 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.

  • *GM expects much bigger loss in Europe this year. *Still sees Europe economy flat to slightly deteriorating. ``We still have a lot of work to do, especially in Europe,'' GM Chief Financial Officer Dan Ammann said in a statement.

  • DETROIT, Oct 31- Around 12,600 white-collar retirees of General Motors Co have agreed to accept lump-sum payments in lieu of monthly pension checks from the largest U.S. automaker.

  • GM posts profit, sees break even in Europe by mid-decade Wednesday, 31 Oct 2012 | 11:29 AM ET

    DETROIT, Oct 31- General Motors Co on Wednesday posted a far stronger-than-expected profit and said it was targeting a return to break-even levels in its money-losing European operations by mid-decade after a loss of as much as $1.8 billion in that region this year.

  • GM 3Q profit falls 14 pct Wednesday, 31 Oct 2012 | 9:53 AM ET

    DETROIT-- A turnaround in South America and a rosier outlook in Europe helped push General Motors shares up in premarket trading Wednesday, even though the company's third-quarter net profit fell 14 percent. But South America swung to a big profit and GM posted better-than-expected results internationally outside of China.

  • European losses weigh down GM profits Wednesday, 31 Oct 2012 | 12:01 AM ET

    General Motors reported lower third-quarter earnings, earning solid profits in its strong US business, but weighed down by widening losses in Europe.

  • DETROIT, Oct 30- Sergio Marchionne, chief executive of both Fiat SpA and Chrysler Group LLC, said he wants to achieve ``unification'' of the two automakers by 2015, b ut first he needs to fix Fiat's finances, which have been hit by a sagging European economy.

  • DETROIT, Oct 30- Sergio Marchionne, chief executive of both Fiat SpA and Chrysler Group LLC, said he wants to achieve ``unification'' of the two automakers by 2015.. That stake is held by a United Auto Workers union healthcare trust for retired Chrysler workers, a voluntary employees beneficiary association.

  • DETROIT, Oct 30- Ford Motor Co posted a third-quarter profit that trounced Wall Street forecasts on Tuesday, driven by higher vehicle prices and record profit margins of 12 percent in North America. Half of that jump came from North America, where Ford has earned more than $2 billion and posted margins over 10 percent for three quarters in a row.

  • DETROIT, Oct 30- Sergio Marchionne, chief executive of both Fiat SpA and Chrysler Group LLC, said he wants to bring ``unification'' of the two automakers by 2015.. ``The objective has always been to try and bring unification by 2014 or 2015,'' Marchionne said on a conference call on Tuesday. ``I'd still like to see that done.''.

  • DETROIT, Oct 30- Chrysler Group LLC Chief Executive Sergio Marchionne reaffirmed on Tuesday that the company is not moving Jeep vehicle production out of the United States to China after it became an issue in the U.S. presidential campaign.

  • Oct 30- General Motors Co's vehicle sales in the northeast United States will be hurt by Hurricane Sandy, while the company's Maryland transmission plant was closed on Tuesday, the No. 1 U.S. automaker said.

  • Oct 30- General Motors Co's vehicle sales in the northeast United States will be hurt by Hurricane Sandy, while the company's Maryland transmission plant was closed on Tuesday, the No. 1 U.S. automaker said.

  • DETROIT, Oct 30- Ford Motor Co posted on Tuesday a third-quarter profit that trounced Wall Street forecasts, driven by higher vehicle prices and record profit margins of 12 percent in North America. Half that jump came from North America, where Ford has earned more than $2 billion and posted margins over 10 percent for three quarters in a row.

  • UPDATE 2-U.S. home prices climb further in August Tuesday, 30 Oct 2012 | 2:37 PM ET

    *Home prices rise for 7th month in a row. NEW YORK, Oct 30- U.S. home prices gained further traction in August, the latest sign that the housing market is on the mend, a closely watched survey showed on Tuesday.

  • *North America earns more $2 bln for three straight quarters. DETROIT, Oct 30- Ford Motor Co on Tuesday posted a third-quarter profit that trounced Wall Street forecasts due to higher vehicle prices and record-high profit margins of 12 percent in North America.

  • *GM brands all gain; Toyota sweeps top three. DETROIT, Oct 29- Ford Motor Co tumbled to nearly the bottom of an annual survey of vehicle reliability due to flaws in its touch-screen navigation and entertainment system, while Japanese automaker Toyota Motor Corp swept the top three spots.

  • *Chrysler sees Q4 net income of about $210 million. DETROIT, Oct 29- Chrysler Group LLC posted an 80 percent rise in quarterly net income on Monday on stronger new vehicle sales, continuing the U.S. automaker's comeback from its 2009 bankruptcy. Chrysler, majority owned by Italy's Fiat SpA, also reaffirmed its outlook for the year.

  • DETROIT, Oct 29- Chrysler Group LLC posted an 80 percent rise in quarterly net income on Monday on the back of stronger new vehicle sales, continuing the U.S. automaker's comeback from its 2009 bankruptcy. Chrysler, majority owned by Italy's Fiat SpA, also reaffirmed its outlook for the year.

  • DETROIT, Oct 29- Ford Motor Co tumbled to nearly the bottom of an annual survey of vehicle reliability due to flaws in its touch-screen navigation and entertainment system, while Japanese rival Toyota Motor Corp swept the top three spots. Scion, Toyota's youth-oriented brand, kept its place as the most reliable brand.