By Bernie Woodall and David Bailey
(Reuters) – U.S. auto sales rose more than 15 percent in March, preliminary data showed, as rising consumer confidence and cheap financing quickened the pace of a sluggish recovery more than two years in the making.
The strong March sales rounded out the best quarter for U.S. vehicle sales since 2008 and raised the prospect that major automakers would have to scramble to boost production and lift cautious full-year sales forecasts.
April 3 (Reuters) – U.S. auto sales continued a robust pace
in March, boosted by consumers with more confidence in a
recovering U.S. economy who want to buy fuel-efficient cars and
trucks in the face of rising gasoline prices.
Ford Motor Co’s U.S. sales rose 5 percent from a year
earlier. Ford, No. 2 in the U.S. market, reported its best March
for new auto sales in five years on strong sales of small cars
such as its Focus sedan and its F-Series pickup trucks.
(Reuters) – Chrysler Group LLC reported a 34 percent increase in March auto sales, the first major automaker to report sales for a month expected to show signs of a robust recovery for the U.S. auto industry.
It was the 24th consecutive month that the No. 3 U.S. automaker showed a year-on-year sales gain.
April 3 (Reuters) – Chrysler Group LLC reported a 34 percent
increase in March auto sales, the first major automaker to
report sales for a month expected to show signs of a robust
recovery for the U.S. auto industry.
It was the 24th consecutive month that the No. 3 U.S.
automaker showed a year-on-year sales gain.
DETROIT, April 2 (Reuters) – General Motors Co passed
an environmental milestone of sorts in March, when it became the
first U.S. automaker to sell, in a single month, more than
100,000 cars that can achieve 30 miles per gallon in highway
driving, the automaker said on Monday.
About 40 percent of GM’s March sales were of these
fuel-efficient cars, said Mark Reuss, GM president for North
DETROIT (Reuters) – U.S. auto sales are expected to continue at a strong pace in March, capping the best quarter in four years for new vehicle purchases as the overall U.S. economy improved and new car buyers found easier financing.
The strong first quarter in the U.S. market could temper the impact of weak auto sales in Europe, where both General Motors Co and Ford Motor Co have lost money.
DETROIT (Reuters) – Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) boosted Chief Executive Officer Alan Mulally’s total compensation by 11 percent to nearly $30 million last year, despite the automaker falling short of its targets on market share, quality and costs.
The No. 2 U.S. automaker did, however, surpass its goals for annual profit and cash flow in automotive operations, Ford said in its 2011 proxy statement with the U.S. Securities and Exchange Commission.
DETROIT, March 30 (Reuters) – Ford Motor Co said
Friday that Chief Executive Officer Alan Mulally’s total
compensation rose 11 percent to nearly $30 million last year,
despite the automaker falling short on some key company
The No. 2 U.S. automaker missed targets including costs,
quality and market share but continued to exceed its
expectations on annual profit and cash flow in its automotive
operations, Ford said in its annual proxy statement with the
U.S. Securities and Exchange Commission.
DETROIT (Reuters) – Lawyers for members of a Midwest militia group expect a deal to be finalized on Thursday to end their trial after a judge dismissed conspiracy charges and rebuked prosecutors for failing to prove they were intent on carrying out attacks against the government.
Judge Victoria Roberts took the unusual step on Tuesday of dismissing all major charges against the militia members even before the defense case was heard, and only two of the seven defendants remain behind bars.
DETROIT (Reuters) – A federal judge on Tuesday dismissed conspiracy charges against seven members of a U.S. militia group known as the Hutaree, saying prosecutors failed to prove that they were doing more than talking about their hatred of the government.
The seven were accused of plotting to kill law enforcement officers as a way to incite a wider rebellion against the U.S. government.