Correspondent, Detroit
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Feb 17, 2012

GM profit bolstered by pricing, stock up

DETROIT (Reuters) – General Motors Co’s (GM.N: Quote, Profile, Research, Stock Buzz) ability to raise U.S. vehicle prices and better-than-expected pension returns offset weakness in the fourth quarter in Europe and South America, sending shares up more than 6 percent.

The stock rise also reflected investor relief that the results were not worse, given that GM lost $747 million in Europe last year. For the fourth quarter, analysts gave the world’s biggest automaker mixed reviews.
Feb 16, 2012
Feb 16, 2012

GM posts weaker- than-expected 4th-quarter

DETROIT (Reuters) – General Motors Co (GM.N: Quote, Profile, Research) posted a weaker-than-expected fourth-quarter profit as disappointing performance overseas offset strong results in North America.

“We obviously have work to do still and a long way to get to the objectives we ultimately want to get to,” GM Chief Financial Officer Dan Ammann told reporters.
Feb 16, 2012

GM posts weaker- than-expected 4th-quarter profit

DETROIT (Reuters) – General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) posted a weaker-than-expected fourth-quarter profit as disappointing performance overseas offset strong results in North America.

“We obviously have work to do still and a long way to get to the objectives we ultimately want to get to,” GM Chief Financial Officer Dan Ammann told reporters.
Feb 16, 2012

GM reports weaker-than-expected Q4 profit

DETROIT (Reuters) – General Motors Co posted a weaker-than-expected fourth-quarter profit as disappointing performance overseas offset strong results in North America.

“We obviously have work to do still and a long way to get to the objectives we ultimately want to get to,” GM Chief Financial Officer Dan Ammann told reporters.
Feb 16, 2012

GM reports weaker-than-expected 4th-qtr profit

DETROIT, Feb 16 (Reuters) – General Motors Co
posted a weaker-than-expected fourth-quarter profit as
disappointing performance overseas offset strong results in
North America.

“We obviously have work to do still and a long way to get to
the objectives we ultimately want to get to,” GM Chief Financial
Officer Dan Ammann told reporters.
Feb 16, 2012
Feb 16, 2012

Detroit to Romney: Get real on auto bailout

Feb 15 (Reuters) – Mitt Romney says winning the
Republican primary in Michigan — his boyhood home — has become
“personal” for him.

But for Detroit executives, dealers and others who lived
through the industry’s near-death experience and revival,
Romney’s renewed criticism of the bailouts that saved General
Motors and Chrysler has also become personal — and polarizing.
Feb 15, 2012
Feb 15, 2012
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    • 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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