Correspondent, Detroit
Ben's Feed
Jan 28, 2014
Jan 28, 2014

Ford profit beats estimates on strength in North America

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.

Jan 27, 2014
Jan 24, 2014
Jan 23, 2014

New GM chief vows to stay on course and ‘accelerate’

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.

Jan 23, 2014
Jan 23, 2014
Jan 23, 2014

New GM chief says won’t deviate from predecessor’s plan

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.
automaker.

Jan 21, 2014
Jan 17, 2014

Analysis: Chevy’s exit from Europe weakens GM’s deal with Manchester United

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.

    • 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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