Correspondent, Detroit
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Aug 13, 2014
Aug 13, 2014

Falling U.S. used-car prices will drive up new-car incentives

DETROIT (Reuters) – The U.S. auto industry will have to offer more discounts to maintain demand as prices for used cars decline.

With auto sales recovering from their recession-era slump, the industry’s supply of used cars has started to rise again, driving down prices.

Aug 12, 2014
Aug 12, 2014
Aug 11, 2014
Aug 8, 2014
Aug 1, 2014
Jul 31, 2014

Delphi profit strong, but third-quarter outlook may disappoint

DETROIT (Reuters) – Delphi Automotive Plc (DLPH.N: Quote, Profile, Research, Stock Buzz) reported stronger-than-expected second-quarter profit on Thursday, but offered a forecast for the third quarter that could fall short of analysts’ expectations, and shares fell 0.4 percent in morning trading.

The auto supplier said it would restructure in South America, where revenue slumped 24 percent in the second quarter.

Jul 28, 2014

Consumer Reports wants Toyota to recall older Camry hybrids

DETROIT (Reuters) – An influential consumer magazine on Monday called on Toyota Motor Corp to recall about 177,500 older Camry hybrid sedans to address potential power brake defects.

Consumer Reports, which many consumers use when studying what vehicles to buy, said the Japanese automaker’s decision to call for a service campaign or a warranty extension on two different problems covering cars from model years 2007 to 2011 does not go far enough. Under a service campaign, an automaker repairs cars as they are brought back to dealers by consumers.

Jul 28, 2014
    • About Ben

      "Ben Klayman is based in Detroit and in April was named leader of the global automotive team for Reuters. Previously, Ben covered the business of sports as well as consumer and retail for three years and led the manufacturing/housing team for four years. He also covered the telecommunications sector for three years. He joined Reuters in Detroit in 1998 to cover autos. Prior to joining Reuters, he worked at a series of daily newspapers in Ohio and Maryland. Ben graduated from Washington University in St. Louis in 1989 with a bachelor's degree in English literature."
      Joined Reuters:
      1998
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