Correspondent, Detroit
Ben's Feed
Oct 30, 2013
Oct 30, 2013
Oct 30, 2013

U.S. demand for trucks, other vehicles drives strong GM profit

DETROIT (Reuters) – General Motors Co (GM.N: Quote, Profile, Research) on Wednesday posted a better-than-expected third-quarter profit as the U.S. automaker’s new lineup of pickup trucks and other revamped models boosted North American results.

While GM’s China operations remained stable, profit margins in the core North American market hit a two-year high on the strength of vehicles like the Chevrolet Silverado pickup and Impala sedan which allowed GM to boost pricing by $400 million.

Oct 30, 2013

GM posts strong profit on U.S. demand, improvement in Europe

DETROIT (Reuters) – General Motors Co (GM.N: Quote, Profile, Research) on Wednesday posted a better-than-expected third-quarter profit as the U.S. automaker’s new lineup of pickup trucks and other revamped models boosted North American results, and revenue rose in Europe for the first time in two years.

The strong showing in North and South America and the improvement in Europe offset the decline in Asian markets outside China, including India and Southeast Asia.

Oct 30, 2013

GM posts strong profit on U.S. demand, smaller loss in Europe

DETROIT, Oct 30 (Reuters) – General Motors Co on
Wednesday posted a better-than-expected quarterly profit on
strong results in its core North American market and the first
revenue increase in Europe in two years.

GM Chief Financial Officer Dan Ammann said the No. 1 U.S.
automaker’s European unit remains on track to achieve its target
of breaking even in the next year or so.

Oct 28, 2013
Oct 28, 2013
Oct 28, 2013

Consumer Reports pulls recommendation for Toyota Camry

DETROIT, Oct 28 (Reuters) – Toyota Motor Corp’s
reputation for quality took a hit on Monday when influential
magazine Consumer Reports pulled its recommendation on three of
the Japanese automaker’s vehicles, including its popular
flagship Camry sedan, due to poor crash test results.

While Toyota’s luxury Lexus and namesake brands were ranked
most reliable in the U.S. auto industry in Consumer Reports’
annual new-car reliability survey, the magazine said it will no
longer recommend the Camry, Prius v model or RAV4 sport utility
vehicle because they received “poor” ratings in a crash test
started last year by the Insurance Institute for Highway Safety.

Oct 24, 2013
Oct 24, 2013
    • 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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