HOUSTON/DETROIT, March 6 (Reuters) – General Motors Co
aims to save fuel by trimming the weight of its vehicles
even as it develops electric cars with a driving range of up to
200 miles to eliminate the need for gasoline altogether, the
U.S. automaker’s chief executive said on Wednesday.
Dan Akerson also revealed at a conference of energy
executives and investors in Houston that GM’s new Spark EV would
have a range of 75 miles to 80 miles (120-129 km) without a
charge – double the electric-only range of its Chevrolet Volt
plug-in hybrid. The Spark is due to go on sale this summer.
DETROIT (Reuters) – General Motors Co reported a 7.0 percent gain in U.S. auto sales in February, beating several analyst estimates on the strength of its crossover models and pickup trucks, while U.S. rival Ford Motor Co posted a slightly weaker-than-expected 9.0 percent gain.
GM sold 224,314 cars and trucks last month. Sales of its Chevrolet Silverado pickup trucks jumped nearly 30 percent, while its Chevrolet Equinox mid-size crossover rose 16 percent.
DETROIT, Feb 14 (Reuters) – General Motors Co
reported a weaker-than-expected fourth-quarter profit on
Thursday, citing wider losses in Europe and lower vehicle prices
in its core North American market.
The largest U.S. automaker also took an accounting change in
the quarter intended to signal confidence that it will continue
to be profitable in coming years.
DETROIT (Reuters) – Goodyear Tire & Rubber Co (GT.O: Quote, Profile, Research, Stock Buzz) posted a stronger-than-expected quarterly profit on Tuesday but cut its 2013 forecast due to weakness in the European automotive market, sending its shares down nearly 3 percent.
Chief Executive Officer Richard Kramer said Europe’s economy continues to worsen, and the top U.S. tire maker lowered its full-year forecast for segment operating income, the combined results of the company’s four business units.
DETROIT, Feb 5 (Reuters) – Vehicle parts maker Delphi
Automotive Plc on Tuesday posted a better-than-expected
quarterly profit on strong demand in its core electrical
business and forecast an increase in 2013 results broadly in
line with Wall Street’s expectations.
The company expanded its previous restructuring activities
by about $50 million to about $300 million, citing weakness in
Europe. It said about three-quarters of its restructuring costs
are in that region, including job cuts and plant closures.
DETROIT/NEW YORK, Feb 4 (Reuters) – Chrysler Group LLC was
once again one of the big winners in the Super Bowl ad battle,
scoring with a military-themed spot narrated by Oprah Winfrey
and another highlighting farmers that underscored the
automaker’s attempts to rehabilitate its image by playing to
The commercials Chrysler aired during Sunday’s Super Bowl
continued a winning trend that started two years ago with a spot
featuring Eminem and last year’s popular two-minute ad starring
DETROIT, Feb 1 (Reuters) – General Motors Co and Ford
Motor Co, the two largest American automakers, on Friday
posted better-than-expected U.S. auto sales for January after a
strong showing in cars, crossovers and pickup trucks.
Japan’s Toyota Motor Corp sold 157,725 vehicles in
the United States last month, up nearly 27 percent from a year
earlier and better than most analysts expected.
Jan 29 (Reuters) – China’s largest auto parts maker won U.S.
government approval to buy A123 Systems Inc, a
bankrupt maker of electric car batteries that was funded with
U.S. government money, a source familiar with the situation said
A U.S. government committee on foreign investment approved
the sale of the lithium-ion battery maker to Wanxiang Group,
according to the source, who asked not to be identified because
they were not authorized to speak publicly.
DETROIT (Reuters) – Auto sales in January are expected to continue the torrid pace set at the end of last year, with sales rising as much as 15 percent due to an improving housing market and pent-up demand for cars and trucks.
The industry is expected to report on February 1 an annual sales rate in January of 15.3 million vehicles, according to analysts polled by Thomson Reuters. Auto sales are an early indicator each month of U.S. consumer demand.