Detroit claimed that its plan to adjust its debt and exit bankruptcy is feasible and fair, but one of its creditors said it skirts bankruptcy law.» Read More
ANN ARBOR, Mich.-- Billionaire developer Sam Zell is scheduled to speak this week at a gathering of more than 200 private equity, investment banking and business leaders at the University of Michigan. Zell is one of the keynote speakers Friday at the Michigan Private Equity Conference in Ann Arbor.
LANSING, Mich.-- The Michigan Department of Agriculture and Rural Development has divided $1.3 million in federal money among a dozen groups for projects designed to boost competitiveness of the state's specialty crops. Michigan State University received $300,000 for six projects. The other grants were smaller, ranging from $22,000 to $75,000.
DETROIT, Oct 2- Ford Motor Co said Tuesday it expects U.S. September auto sales to show a gain of 12 percent from a year ago. Ford said it expects an annualized seasonally adjusted sales rate of 15 million vehicles, including medium and heavy trucks, which would suggest a light vehicle annualized rate of about 14.7 million vehicles.
DETROIT, Oct 2- Volkswagen AG:.
DETROIT-- General Motors says its U.S. sales rose 1.5 percent last month as a big jump in car sales was offset by falling truck sales. The company says new models boosted car sales by 29 percent. But sales of the Chevrolet Silverado, GM's top-selling vehicle, fell almost 17 percent from a year ago.
By Deepa Seetharaman and Bernie Woodall. Oct 2- General Motors Co, the largest U.S. automaker, reported a 1.5 percent increase in September auto sales on the strength of its passenger car sales, while Ford Motor Co posted sales that were on par with its results from a year earlier.
NOVI, Mich.-- Cooper-Standard Holdings Inc. on Tuesday named Jeffrey Edwards as the next president and chief executive of the company and its main operating subsidiary. The Novi, Mich.- based auto parts company said that Edwards will succeed James McElya, its current president and CEO, when McElya retires on Oct. 15..
DETROIT, Oct 2- Toyota Motor Corp:.
DETROIT-- Ford Motor Co. says its U.S. sales were flat in September as increases in sales of cars and SUVs were weighed down by lower truck sales. Ford's truck sales fell 7.6 percent, largely because of the discontinuation of the Ranger small pickup. The Ranger was a strong seller last September.
AUBURN HILLS, Mich.-- Chrysler Group LLC said Tuesday that its September U.S. sales rose 12 percent, crediting strong demand for new models, low interest rates and a stable U.S. economy. BY THE NUMBERS: The Auburn Hills, Mich.- based automaker said it sold 142,041 vehicles last month, up from 127,336 in the same month a year earlier.
DETROIT, Oct 2- Volkswagen AG:.
Oct 2- Chrysler Group LLC, the smallest U.S. automaker, o n Tuesday said 142,041 vehicles were sold in September, up 12 percent from 127,336 a year ago, and the most sold in September since 2007.. All of the company's brands-- Chrysler, Jeep, Dodge, Ram Truck and Fiat-- posted sales increases in September, said Chrysler, an affiliate of Italy's Fiat SpA.
Oct 2- Chrysler Group LLC said Tuesday that September sales were 142,041 vehicles, up 12 percent from 127,336 a year earlier, and the highest for the month since 2007.. All of the company's brands-- Chrysler, Jeep, Dodge, Ram Truck and Fiat-- posted sales increases in September, said Chrysler, an affiliate of Italy's Fiat SpA.
DETROIT-- Chrysler's U.S. sales rose almost 12 percent last month as the company reported its best September in five years. Volkswagen also reported a large sales increase, up 34 percent from a year earlier. "We remain optimistic about the health of the U.S. new vehicle sales industry and our position in it," said Reid Bigland, Chrysler's head of U.S. sales.
DETROIT, Oct 2- Nissan Motor Co said its September U.S. auto sales fell 1.1 percent to 91,907 vehicles.
DETROIT, Oct 2- General Motors Co said U.S. auto sales for September are estimated to be 14.6 million vehicles on a seasonally adjusted annualized basis. That figure would be slightly higher than the 14.5 million vehicles on an annualized basis in August. Honda Motor Co was the largest automaker by U.S. sales that had not yet reported monthly numbers.
By Deepa Seetharaman and Bernie Woodall. DETROIT, Oct 2- General Motors Co, the largest U.S. automaker, posted a small gain in September U.S. sales as demand for passenger cars offset a drop in pickup trucks, while Japanese automaker Toyota Motor Corp reported a large sales increase.
DETROIT-- Interest rates are low, trade-in values are high, and carmakers are rolling out attractive new models in key areas. All of these factors combined to keep auto sales strong in September.
HOUSTON, Oct 1- Entergy Corp and ITC Holdings Corp took another step to advance Entergy's $1.78 billion plan to spin off its electric transmission business, late last week.
DETROIT, Oct 1- Fisker Automotive, maker of the Karma plug-in hybrid, has held discussions with potential strategic partners as the automaker looks to cut costs and raise money to build its second hybrid model, the Atlantic.