Still, the Labor Department's report on Thursday continued to point to strong job market conditions, which should underpin the economy amid rising headwinds, including a fading fiscal stimulus boost and a trade war between Washington and Beijing, as well as slowing growth in China and Europe. "Labor market conditions remain quite positive, good news for...
That is below analysts' average forecast of 7.3 billion euros and suggests little improvement on 2018, when FCA reported an adjusted EBIT on the same basis of 6.7 billion euros. The 2019 guidance also raises doubts over the 2020 forecasts the carmaker gave in June when late boss Sergio Marchionne promised to deliver an adjusted EBIT of 9.2- 10.4 billion euros.
Shares of Battle Creek, Michigan- based Kellogg were down 4.3 percent at $56.60 in early trading. Britain is due to leave the European Union on March 29 in a so-called Brexit. Net loss attributable to Kellogg was $84 million, or 24 cents per share, compared with a profit of $417 million, or $1.20 per share, a year earlier.
CHICAGO, Feb 7- Kellogg Co reported a fourth-quarter loss on Thursday, hurt by a strong U.S. dollar and higher costs, as the cereal maker undergoes a restructuring and considers the sale of some units. Shares of Battle Creek, Michigan- based Kellogg were down 3.6 percent at $57.02 in premarket trading. The company said in November that it would reorganize its North...
CHICAGO, Feb 7- Kellogg Co reported a fourth-quarter loss on Thursday due to higher costs as the cereal maker prepares for a potential Brexit and plans to divest some businesses. Net loss attributable to Kellogg was $84 million, or 24 cents per share, compared with a profit of $417 million, or $1.20 per share, a year earlier. Battle Creek, Michigan- based Kellogg said...
DETROIT, Feb 6- General Motors Co on Wednesday outlined an incentive plan for the head of its self-driving car unit that points the way toward a possible initial public offering for the business. The No. 1 U.S. automaker disclosed a long-term compensation plan that incentivizes Dan Ammann, chief executive of the Cruise unit, to develop the technology and...
DETROIT, Feb 6- The head of General Motors Co's Cruise self-driving car unit stands to make more than $179 million over the next decade if the technology subsidiary experiences a change in ownership or is listed publicly, according to a regulatory filing on Wednesday. Dan Ammann, who stepped down as GM's president and was named chief executive of Cruise at the...
DECATUR, Texas/ FLINT, Mich., Feb 5- Mickey McMaster is on his 12th pickup truck. The 61- year old farm equipment dealer in Decatur, Texas, two weeks ago treated himself to a 2019 GMC Denali for around $69,000- a reward for long hours at work. At Flint, GM will build a new generation of its heavy-duty Chevrolet Silverado and GMC Sierras, including luxury models that are some...
GENERAL MOTORS PLANT IN FLINT, MICHIGAN, TO ADD 1,000 WORKERS TO BUILD NEW HEAVY-DUTY PICK-UPS.
DECATUR, Texas/ FLINT, Mich., Feb 5- General Motors Co said Tuesday it will add 1,000 workers to build new heavy-duty pickup trucks at its plant in Flint, Michigan, and will give priority to GM workers who were laid off elsewhere. Flint could be a haven for many of these employees. GM on Tuesday will celebrate the launch of a new generation of heavy-duty GMC and Chevrolet...
The mayor of Dearborn ordered all the copies of the Dearborn Historian Autumn 2018 issue confiscated and had its editor fired.
WASHINGTON, Feb 4- General Motors Co on Monday said it was starting to hand pink slips to about 4,000 salaried workers in the latest round of a restructuring announced in late November that will ultimately shrink its white-collar workforce in North America by 15 percent out of 54,000.. Two people briefed on the cuts said GM is cutting hundreds of jobs at its...
The No.3 automaker in the United States by sales said it sold 156,021 vehicles in January, down from 167,056 vehicles a year earlier. Auto industry consultants J.D. Power and LMC Automotive forecast January auto sales to decline about 1 percent from the same month in 2018, partly due to uncertainty over the recent government shutdown. Bloomberg, however,...
The No.3 automaker in the United States by sales said it sold 156,021 vehicles in January, down from 167,056 vehicles a year earlier. Auto industry consultants J.D. Power and LMC Automotive forecast January auto sales to decline about 1 percent from the same month in 2018, partly due to uncertainty over the recent government shutdown. Bloomberg, however,...
The No.3 automaker in the United States by sales said it sold 156,021 vehicles in January, down from 167,056 vehicles a year earlier. Auto industry consultants J.D. Power and LMC Automotive forecast January auto sales to decline about 1 percent from the same month in 2018, partly due to uncertainty over the recent government shutdown. "In spite of some frigid...
CHICAGO/ NEW YORK, Feb 1- Frigid weather that paralyzed a large swath of the United States this week and caused at least 21 deaths began easing on Friday as an Arctic air mass pulled away, setting the stage for a warmer weekend in the Midwest and the Northeast. Bryan Jackson, a National Weather Service meteorologist, said the core of the vortex was pulling north into...
Bryan Jackson, a National Weather Service meteorologist, said the core of the vortex was pulling north into eastern Canada, though residual icy air was still pushing over to the U.S. Temperatures on Friday morning ranged from below zero Fahrenheit to the teens in parts of New York, Pennsylvania, Massachusetts and New Jersey. Now the high pressure is over...
Jan 31- Tens of millions of Americans braved Arctic-like temperatures on Thursday as low as minus 56 degrees Fahrenheit that paralyzed the U.S. The death toll rose from a previous 12 after at least nine more people in Chicago were reported to have died from cold-related injuries, according to Stathis Poulakidas, a doctor at the city's John H. Stroger Jr. Hospital.
WASHINGTON, Jan 31- General Motors Co and Fiat Chrysler Automobiles NV said on Thursday they plan to resume normal operations after they were forced to cancel shifts at plants in Michigan over concerns about the state's natural gas supply. Ford Motor Co said it had also taken steps to reduce energy use at its four Michigan plants supplied by CMS.
The death toll rose from a previous 12 after at least nine more people in Chicago were reported to have died from cold-related injuries, according to Dr Stathis Poulakidas at the city's John H Stroger Jr Hospital. The wind chill at the time police found Gerald Belz, 18, was minus 51 F, according to the National Weather Service. Homeless and displaced people were...
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