Correspondent, Detroit
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Jul 24, 2013

Ford posts better-than-expected second-quarter, boost outlook

DETROIT (Reuters) – Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz), maker of the top-selling F-150 pickup truck, reported a better-than-expected second-quarter profit on Wednesday, buoyed by truck sales, higher vehicle prices and stronger results outside the core North American operations.

The company expects total pretax operating profit to be equal or higher than last year. Previously, it expected profit to be equal to 2012 levels.

Jul 24, 2013

Ford posts better-than-expected Q2, boost outlook

DETROIT, July 24 (Reuters) – Ford Motor Co, maker of
the top-selling F-150 pickup truck, reported a
better-than-expected second-quarter profit on Wednesday, buoyed
by truck sales, higher vehicle prices and stronger results
outside the core North American operations.

The company expects total pretax operating profit to be
equal or higher than last year. Previously, it expected profit
to be equal to 2012 levels.

Jul 23, 2013
Jul 19, 2013
Jul 18, 2013
Jul 18, 2013

Exclusive: GM planning strict diet for new pickup trucks: sources

DETROIT (Reuters) – General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) is preparing to put its full-size pickup trucks on a severe diet to meet future U.S. fuel economy standards and stay competitive with rival Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz), according to several people familiar with its plans.

But GM likely won’t be able to implement an extensive weight reduction program until the just-redesigned Chevrolet Silverado and GMC Sierra are overhauled again in 2019, according to supplier sources. That is five years after Ford plans to slash at least 700 lbs (318 kg) from its best-selling F-150 pickup as part of a fall 2014 redesign.

Jul 17, 2013
Jul 17, 2013

Exclusive: GM delays Chevy Cruze debut by a year – sources

DETROIT (Reuters) – General Motors Co has delayed the launch of the next-generation Chevrolet Cruze by a year due to engineering changes and a desire to squeeze more sales from the small car before it is redesigned, people familiar with the U.S. automaker’s plans said.

The next version of the Cruze, which had originally been scheduled to debut in late 2014, will now begin production in December 2015, said the sources, most of whom asked not to be identified in discussing GM’s plans.

Jul 17, 2013

Exclusive: GM delays next-gen Chevy Cruze debut by a year – sources

DETROIT (Reuters) – General Motors Co has delayed the launch of the next-generation Chevrolet Cruze by a year due to engineering changes and a desire to squeeze more sales from the small car before it is redesigned, people familiar with the U.S. automaker’s plans said.

The next version of the Cruze, which had originally been scheduled to debut in late 2014, will now begin production in December 2015, said the sources, most of whom asked not to be identified in discussing GM’s plans.

Jul 16, 2013
    • 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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