Correspondent, Detroit
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Oct 1, 2014
Oct 1, 2014

GM sees first European profit in 2016 after years of losses

, Oct 1 (Reuters) – General Motors Co
said on Wednesday it expects in 2016 to ring up its first profit
in Europe in more than a decade and that it will also hit
targeted North American operating margins that year.

The projections came two days after its smaller rival, Ford
Motor Co, disappointed investors with its financial
outlook.

Oct 1, 2014

GM to make profit in Europe, hit North American margin target in 2016

MILFORD Mich (Reuters) – General Motors Co on Wednesday said that in 2016 it would ring up its first profits in Europe in more than a decade and hit targeted North American operating margins.

The news came two days after its smaller rival Ford Motor Co disappointed investors with its financial outlook.

Oct 1, 2014
Sep 29, 2014

Deaths linked to GM ignition-switch defect rise to 23

DETROIT (Reuters) – The number of deaths linked to a faulty ignition switch in General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) cars rose by two last week to 23, according to a report Monday from the lawyer overseeing a program set up to compensate accident victims.

Since Aug. 1, 867 claims for compensation for serious injuries or deaths said to have been caused by the switch had been received by the program, which is being overseen by lawyer Kenneth Feinberg. That is up from 850 last week.

Sep 26, 2014
Sep 26, 2014

Takata regional U.S. air bag recalls may include GM vehicles

DETROIT/TOKYO (Reuters) – The safety recall in parts of the United States of millions of vehicles with potentially defective air bags made by Japan’s Takata Corp (7312.T: Quote, Profile, Research, Stock Buzz) may expand to include General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz), according to documents filed this week with U.S. regulators.

More than 4.3 million cars produced by automakers including Honda Motor (7267.T: Quote, Profile, Research, Stock Buzz), Fiat’s (FIA.MI: Quote, Profile, Research, Stock Buzz) Chrysler and Toyota Motor (7203.T: Quote, Profile, Research, Stock Buzz), are affected by the regional recalls. They began in June in certain high-humidity areas of the United States after the National Highway Traffic Safety Administration (NHTSA) started investigating reports of air bag explosions in Florida and Puerto Rico.

Sep 19, 2014
Sep 19, 2014

Off-field violence injects unwanted reality into fantasy football

DETROIT (Reuters) – Joe Gallo is not just a fan of National Football League running back Adrian Peterson, he “owns” him, as do thousands of other participants in the world of fantasy football.

That explains why Gallo, a 31-year-old New Yorker who works in public relations, is so chagrined now that it appears Peterson could be out for the rest of the season after being benched by the Minnesota Vikings while he faces allegations of child abuse.

Sep 18, 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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