DEARBORN, Mich (Reuters) – Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) on Tuesday posted a higher-than-expected quarterly profit as strength in the No. 2 U.S. automaker’s core North American market offset losses in Europe and South America.
The company, whose shares rose more than 3 percent, also affirmed the 2014 profit outlook that it presented to investors last month. Ford has described 2014 as a transition year that will test the strength of Chief Executive Officer Alan Mulally’s team and the company’s restructuring since he took over in 2006.
In case anyone was curious, Yahoo searches for 7-layer dips and taco dips spiked 267% and 255% respectively as we near the Super Bowl
DETROIT (Reuters) – General Motors Co’s (GM.N: Quote, Profile, Research) new chief executive, Mary Barra, said on Thursday she has no plans to deviate from predecessor Dan Akerson’s strategy as the No. 1 U.S. automaker pushes for profitability everywhere it operates.
“There are no right or left turns,” said Barra, who took the wheel from Akerson last week as chief of the biggest U.S. automaker. “We have momentum. We have a strategy.
DETROIT, Jan 23 (Reuters) – General Motors Co’s new
chief executive, Mary Barra, said on Thursday she has no plans
to deviate from predecessor Dan Akerson’s strategy as GM seeks
profitability everywhere it operates.
“There is no right or left turn,” said Barra, who took the
wheel from Akerson last week as chief of the biggest U.S.
If anyone looking for a good auto book to read, “Ingenious” — edited by my sister — about the Automotive X Prize is a good yarn
DETROIT (Reuters) – General Motors Co’s recent decision to pull its well-known Chevrolet brand out of Europe suddenly makes its expensive sponsorship deal with Manchester United, the world’s most recognized soccer club, look like less of a winner.
When the No. 1 U.S. automaker announced in 2012 that it was paying $559 million over seven years to slap the Chevy bowtie logo on the jerseys of “Man U” players, the steep price tag turned heads. Now, in light of GM’s announcement last month that Chevrolet will largely exit Europe by the end of 2015, the contract has become even more of an overpay because players will be wearing a logo for a product that is nonexistent in the region.