Correspondent, Detroit
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Oct 18, 2012

Analysis: Wall Street frustrated with pace of change at GM

DETROIT (Reuters) – General Motors Co is frustrating the hell out of Wall Street.

Many securities analysts have “buy” ratings on the stock and are hopeful that a raft of new cars and trucks hitting showrooms over the next year could ignite growth at the automaker, which was bailed out by the U.S. government in 2009.

Oct 12, 2012

GM and Peugeot weighing deeper tie-up: sources

DETROIT/FRANKFURT (Reuters) – General Motors (GM.N: Quote, Profile, Research, Stock Buzz) and PSA Peugeot Citroen (PEUP.PA: Quote, Profile, Research, Stock Buzz) are exploring ways to combine European operations in a second phase of the carmaking alliance they forged to save costs earlier this year, sources said.

The U.S. and French automakers have discussed combinations including a joint venture between GM’s Opel division and Peugeot’s core manufacturing arm, according to three people with knowledge of the matter. They asked not be identified because the discussions were confidential.

Oct 9, 2012
Oct 5, 2012
Oct 5, 2012
Oct 5, 2012

Opel “vital” for GM in Europe, not for sale

FRANKFURT/DETROIT, Oct 5 (Reuters) – General Motors Co
said on Friday its European brand Opel was “vital” for
GM’s future in Europe, dismissing once again speculation it
might sell the company should an alliance with French carmaker
PSA Peugeot Citroen collapse.

GM has thrown its weight behind a restructuring of its
loss-making German business, rather than opt for a sale or
closure urged by some U.S. investors.

Oct 4, 2012
Oct 4, 2012

Tesla is fine, repaying U.S. government loans: CEO

DETROIT (Reuters) – Tesla Motors Inc (TSLA.O: Quote, Profile, Research, Stock Buzz) Chief Executive Elon Musk dismissed fears the electric carmaker was in financial trouble and said it was making an advance payment on the federal loan used to make its Model S sedan.

Tesla, whose shares were off 2 percent Thursday afternoon, last week cut its full-year revenue forecast due to a slower-than-expected rollout of the Model S and said it was raising another $150 million through a share offering.

Oct 4, 2012
Sep 29, 2012
    • 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."
      Hometown:
      Washington, DC
      Joined Reuters:
      1998
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