Correspondent, Detroit
Ben's Feed
Jan 30, 2014
Jan 30, 2014

Toyota tells U.S. agency seat issue could lead to recall

DETROIT (Reuters) – Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz) has alerted U.S. safety officials that seat material in several vehicles, including the top-selling Camry sedan, does not meet fire retardation standards and could result in a recall.

The Japanese automaker said Thursday it has stopped selling eight recent-model vehicles equipped with seat heaters in North America following an alert from South Korean safety officials that the material did not meet their fire retardation standards, which are also used in the United States.

Jan 28, 2014

Ford posts higher profit but faces pressure in U.S.

, Jan 28 (Reuters) – Ford Motor Co
reported higher-than-expected quarterly results on Tuesday as
earnings in its core North American market fell less steeply
than Wall Street expected, but declining vehicle prices there
raised concerns about 2014.

The No. 2 U.S. automaker also affirmed the 2014 profit
outlook it presented to investors last month.

Jan 28, 2014
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
    • 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."
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