In 36 states electing governors, it's all about the economy. Governors seeking re-election promised to turn things around. Have they?» Read More
The massive storm that started out as Hurricane Sandy slammed into the East Coast and morphed into a huge and problematic system, killing at least 75 people in the United States. Governor lifts state of emergency and authorizes National Guard to continue cleanup support. Governor sends forest rangers to New York City to help with recovery there.
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.
*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.
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.
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..
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.
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.
*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.
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.
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.
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.''.
*Fourth-quarter charge of $900 million to $1.1 billion. Oct 30- Dow Chemical Co will take a fourth-quarter charge of as much as $1.1 billion related to last week's announcement that it will close 20 plants, write down the value of its lithium ion battery business and lay off thousands of workers.