GO
Loading...

Detroit

More

  • *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.

  • An uneasy economy, and those living through it Sunday, 28 Oct 2012 | 7:55 AM ET

    CHARLOTTE, N.C.-- Here was Chas Kaufmann's life before the Great Recession: $28,000 in restaurant tabs in a year, cruises, house parties with fireworks. Now: "We mainly shop at Sam's Club and portion out our meals. We spend $4 to $5 a night on eating. "

  • NEW YORK, Oct 27- Hurricane Sandy is charging up the East Coast as a cold front is tearing across the U.S. from the west and an arctic blast is barreling down from the north. Valerie Dziengiel isn't worried one bit.

  • Oct 26- U.S. auto parts supplier American Axle and Manufacturing Holdings Inc reported disappointing quarterly results on Friday, hurt by restructuring and debt refinancing costs and by higher-than-expected costs from new-product launches. Debt refinancing and redemption costs reduced third-quarter results by $10.1 million, or 14 cents per share.

  • Earnings Preview: Chrysler 3Q profit to rise Friday, 26 Oct 2012 | 4:25 PM ET

    DETROIT-- Chrysler doesn't need big discounts to sell more cars _ but it soon might. After a white-hot start this year, the company's U.S. sales growth has been curbed by a resurgent Honda and Toyota.

  • *Profitable in Europe despite lower industry sales. Oct 26- Auto parts maker Lear Corp beat Wall Street third-quarter profit and sales expectations on Friday as North American sales were strong and operations in Europe were profitable despite a plunge in auto production there.

  • DETROIT, Oct 26- U.S. safety regulators are investigating 310,000 Taurus and Mercury Sable cars built by Ford Motor Co over a problem that could cause the throttle to be stuck open. The cars were built for the model years 2000 to 2003 and equipped with 3.0- liter V6 Duratec engines, the National Highway Traffic Safety Administration said.

  • Toyota widens global sales lead over GM Friday, 26 Oct 2012 | 3:12 PM ET

    DETROIT-- Toyota has widened its global sales lead over General Motors after bouncing back from a series of natural disasters. While Toyota's sales rose 28 percent in that period, GM's rose 2.5 percent, to 6.95 million cars and light-duty trucks.

  • Business events scheduled for the coming month Friday, 26 Oct 2012 | 2:42 PM ET

    WASHINGTON _ Labor Department releases weekly jobless claims, 8:30 a.m. Eastern; Labor Department releases third-quarter productivity data, 8:30 a.m.; Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m.; Institute for Supply Management releases its manufacturing index for October, 10 a.m.; Commerce Department releases construction spending for September, 10 a.m..

  • Oct 26- U.S. auto parts supplier American Axle and Manufacturing Holdings Inc reported a surprise quarterly loss, hurt by restructuring and debt refinancing costs. American Axle reported a net loss of $8.2 million, or 11 cents per share, compared with a profit of $22.6 million, or 33 cents per share, a year earlier.

  • 'RoboCop' remake OK'd for state film incentives Friday, 26 Oct 2012 | 1:05 PM ET

    "RoboCop," which has been filming in Toronto, was approved for $294,000 in incentives on $1 million in anticipated in-state spending. The reboot of the classic 1987 cult film with Peter Weller will include shots of Detroit and its landmarks. Eminem's "Detroit Rubber" was approved for $53,000 on nearly $170,000 of projected Michigan spending.

  • American Axle shares tumble on $8.1M 3Q loss Friday, 26 Oct 2012 | 9:42 AM ET

    DETROIT-- American Axle& Manufacturing Holdings Inc. said Wednesday that it posted an $8.1 million third-quarter loss due to the cost of closing factories and refinancing its debt.

  • Feds probe Taurus, Sable for stuck throttles Friday, 26 Oct 2012 | 9:39 AM ET

    DETROIT-- Federal safety regulators are investigating some older-model Ford Taurus and Mercury Sable sedans because the throttles can stick. The National Highway Traffic Safety Administration says it has 50 complaints about sticky throttles in the cars from the 2000 through 2003 model years. The Ford Taurus and Mercury Sable and are nearly identical cars.

  • Toyota widens global sales lead over GM in 3Q Friday, 26 Oct 2012 | 9:08 AM ET

    DETROIT-- Toyota has widened its global sales lead over General Motors because its factories have recovered from last year's earthquake. Toyota could face a slowdown in the fourth quarter as sales fall in China. Anti-Japanese sentiment flared in China after Japan nationalized tiny islands in the East China Sea.

  • Ahead of the Bell: Credit Suisse upgrades CarMax Friday, 26 Oct 2012 | 9:06 AM ET

    DETROIT-- Shares of used-car dealership chain Carmax Inc. could get a boost Friday from a Credit Suisse analyst's upgrade. CarMax's store base is rising from 110 to more than 300, one of the largest expansions in the retail business, Balter wrote.

  • Goodyear Tire 3Q net income falls 32 percent Friday, 26 Oct 2012 | 7:27 AM ET

    DETROIT-- Shares of Goodyear Tire& Rubber Co. fell more than 10 percent on Friday as the company's third-quarter net income and revenue dropped on lower tire sales in Europe. The Akron, Ohio, company's results fell short of Wall Street's expectations as problems in Europe offset cost cuts and profits in North America.