Correspondent, Detroit
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Jun 3, 2014

U.S. autos sales tick up in May

DETROIT (Reuters) – General Motors Co, Chrysler Group and Nissan Motor Co on Tuesday reported higher-than-expected U.S. new car sales in May, with consumer demand continuing to gather strength as temperatures rise across the country.

GM and Chrysler said May sales were the best in seven years, and Nissan set a sales record for the month.

Jun 3, 2014

Automakers report strong uptick in May U.S. sales

DETROIT, June 3 (Reuters) – General Motors Co,
Chrysler Group and Nissan Motor Co on Tuesday
reported higher-than-expected U.S. new car sales in May, with
consumer demand continuing to gather strength as temperatures
rise across the country.

GM and Chrysler said May sales were the best in seven years,
and Nissan set a sales record for the month.

May 21, 2014

GM adds 218,000 older cars as number of U.S. recalls this year hits 29

DETROIT, May 21 (Reuters) – General Motors Co is
recalling more than 218,000 older Chevrolet small cars in the
United States and its territories due to a potential fire
hazard, bringing U.S. recalls this year to 29 and a record
number of vehicles.

The recall, and a related smaller action, is the latest
announced by GM, the largest U.S. automaker. The recall with the
highest profile was of cars with defective ignition switches
linked to at least 13 deaths. The Detroit company has been
criticized by safety advocates and fined by U.S. safety
regulators for its delayed response in catching the faulty
switch.

May 20, 2014

GM recalls another 2.42 million vehicles, doubles second-quarter charge

DETROIT (Reuters) – General Motors Co said on Tuesday it is recalling another 2.42 million vehicles in the United States, raising the number of vehicles it has recalled so far this year to more than 15 million.

The No. 1 U.S. automaker also said it is doubling the charge it expects to take in the second quarter to about $400 million, mostly for recall-related repairs. GM did not immediately indicate whether vehicles outside the U.S. market were affected.

May 20, 2014

GM recalls another 2.42 mln vehicles, doubles 2nd-quarter charge

DETROIT, May 20 (Reuters) – General Motors Co said on
Tuesday it is recalling another 2.42 million vehicles in the
United States, raising the number of vehicles it has recalled so
far this year to more than 15 million.

The No. 1 U.S. automaker also said it is doubling the charge
it expects to take in the second quarter to about $400 million,
mostly for recall-related repairs. GM did not immediately
indicate whether vehicles outside the U.S. market were affected.

May 15, 2014

GM recalls almost 3 million vehicles, to take charge of up to $200 million

DETROIT (Reuters) – General Motors Co said on Thursday it has issued five more recalls, covering almost 3 million vehicles globally, and is expected to take a charge of up to $200 million.

Still dealing with the fallout from the recall of defective ignition switches linked to at least 13 deaths, the No. 1 U.S. automaker said the largest of the latest recalls cover more than 2.7 million cars for tail lamp malfunctions, including the Chevrolet Malibu, Pontiac G6 and Saturn Aura cars.

May 15, 2014

GM recalls almost 3 mln vehicles, to take charge of up to $200 mln

DETROIT, May 15 (Reuters) – General Motors Co said on
Thursday it has issued five more recalls, covering almost 3
million vehicles globally, and is expected to take a charge of
up to $200 million.

Still dealing with the fallout from the recall of defective
ignition switches linked to at least 13 deaths, the No. 1 U.S.
automaker said the largest of the latest recalls cover more than
2.7 million cars for tail lamp malfunctions, including the
Chevrolet Malibu, Pontiac G6 and Saturn Aura cars.

May 13, 2014

Automakers mull aid to art museum in Detroit bankruptcy

DETROIT (Reuters) – Detroit’s three automakers are mulling a request by the city’s art museum to help it raise money for a key component of Detroit’s plan to restructure its debt and exit bankruptcy, representatives of the companies said on Tuesday.

Under an $816 million so-called grand bargain, the Detroit Institute of Arts (DIA) would contribute $100 million to ease pension cuts on the city’s retirees and avoid a sale of art works to pay city creditors. The rest of the money would come from philanthropic foundations and the state of Michigan, where a $350 million contribution over 20 years or a $195 million lump sum payment needs legislative approval.

May 8, 2014

Tesla outlook disappoints some on Wall St, shares drop 7 pct

DETROIT, May 7 (Reuters) – Tesla Motors Inc, led by
billionaire Elon Musk, on Wednesday offered an outlook for the
second quarter that disappointed some investors, sending shares
of the electric car maker down more than 7 percent in
after-hours trading.

Tesla posted a higher-than-expected first-quarter operating
profit and said its operating automotive gross margins in the
current quarter would increase slightly. S&P Capital IQ analyst
Efraim Levy called the outlook a disappointment, saying
investors had hoped for something better.

Apr 30, 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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