Daimler's Mercedes-Benz is recalling more than 147,000 mid-size sedans and station wagons from 2013-2015 to check for risk of engine fires.» Read More
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.
*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.
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.
*JPMorgan, Raine Group hired to assess options-source. LOS ANGELES, Oct 26- Current TV, the liberal cable news channel started by former Vice President Al Gore, has hired JP Morgan and The Raine Group to assess strategic options that may include a sale or strategic partnership with another media company, according to a person with knowledge of the operation.
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.
HERNDON, Va.-- Educational software company K12 Inc. said Friday that it has appointed former Michigan Gov. He was governor of Michigan from 1991 to 2003. He currently serves on the boards of directors of Universal Forest Products Inc. and Munder Capital Management. Shares of the company, based in Herndon, Va., fell 11 cents to close at $21.46.
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.
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.
WAYZATA, Minn.-- Shares of TCF Financial Corp. rose Friday after the regional bank said its third-quarter net income tumbled 71 percent, hurt by hefty charges, but still managed to beat Wall Street predictions. Wayzata, Minn.- based bank posted a profit attributable to common shareholders of $9.3 million, or 6 cents per share, for the three months ended Sept. 30.
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," 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.