DETROIT, Feb 20 (Reuters) – Tesla Motors Inc has
had “conversations” with Apple Inc, Chief Executive
Elon Musk confirmed to Bloomberg TV on Thursday, responding to
speculation that the iPhone and iPad maker had shown interest in
the electric car company.
But Musk would not describe those talks, including whether
they involved the possibility of an acquisition. He added that
it is “very unlikely” that Tesla would be bought by any company.
DETROIT, Feb 19 (Reuters) – A federal judge on Wednesday
gave Detroit and a group of bond insurance companies two or
three weeks to settle a dispute over whether the city can treat
certain bonds as unsecured debt, warning of an “all or nothing”
ruling if no deal is reached.
The outcome of the dispute could significantly affect the
$3.7 trillion municipal bond market, where general obligation
bonds backed by the full faith and credit pledge of cities,
school districts and others has long been considered sacrosanct.
DETROIT, Feb 19 (Reuters) – Detroit intends in coming days
to propose a new settlement in U.S. bankruptcy court to end
costly interest-rate swaps, the third such attempt since the
city declared bankruptcy, an attorney representing the city said
Robert Hertzberg, a partner at law firm Pepper Hamilton,
told Judge Steven Rhodes that the city will file a motion in the
next three or four days. Rhodes rejected two prior settlement
proposals with swap counterparties UBS AG and Merrill
Lynch Capital Services, calling them too costly for the
(Reuters) – Goodyear Tire & Rubber Co (GT.O: Quote, Profile, Research, Stock Buzz), one of the world’s largest tire companies, posted a higher-than-expected fourth-quarter profit on Thursday and said it had fully funded its hourly U.S. pension plan, sending its shares up as much as 7.6 percent.
The profit beat came even as revenue slumped 5 percent and missed Wall Street expectations. Goodyear also confirmed its outlook for 2014 through 2016.
DETROIT (Reuters) – General Motors Co (GM.N: Quote, Profile, Research) reported a disappointing fourth-quarter profit on Thursday, hurt by weaker-than-expected results in Asia and South America that may prompt analysts to ratchet down their profit forecasts for 2014 for the No. 1 U.S. automaker.
The poor showing triggered an early drop in GM’s stock price by as much as 2.5 percent, before it recovered to gain 0.2 percent to $35.31 in afternoon trading.
DETROIT, Feb 6 (Reuters) – General Motors Co posted a
weaker-than-expected fourth-quarter profit on Thursday as
results in North America, Asia and South America disappointed,
sending shares down more than 3 percent in premarket trading.
GM Chief Financial Officer Chuck Stevens said the miss
occurred because analysts did not fully account for
restructuring relating to plans to close the Bochum, Germany
plant later in the year, as well as a higher-than-expected tax
DETROIT, Feb 5 (Reuters) – Toyota Motor Corp
cemented its lead in an annual survey of consumer perceptions of
car brands released on Wednesday, while Tesla Motors Inc shot up
the ranks on the strength of the design and crash-test
performance of its Model S electric car.
Toyota gained five points for a total 25-point advantage
over Ford Motor Co, which climbed one spot to second place,
according to the survey conducted by Consumer Reports magazine
in December 2013. Tesla leapt to fifth place from the 11th spot.
NEW ORLEANS (Reuters) – Former U.S. Secretary of State Hillary Clinton remained vague on Monday about whether she would run for president in 2016 and said the militant attack in Benghazi, Libya, was the biggest regret of her four years as the top U.S. diplomat.
Before a large crowd of politically active car dealers, the overwhelming favorite among Democratic presidential contenders discussed her signal accomplishments, notably a recommendation that U.S. commandos go into Pakistan to kill Osama bin Laden, and her regrets.
NEW ORLEANS (Reuters) – Ford Motor Co told dealers on Sunday that the radical redesign of the upcoming F-150 pickup will be easier and cheaper to repair than the outgoing model, helping hold down insurance costs for buyers.
Ford touted the savings for customers as a selling point, and the company pledged to help dealers defray expenses of up to $50,000 that some will need to pay for tools and equipment to certify their repair shops for the new truck.
DETROIT, Jan 23 (Reuters) – Ford Motor Co on Thursday
unveiled a family-oriented version of its Lincoln Navigator, a
big, brawny sport-utility vehicle that defined the upscale
Lincoln brand during the American SUV boom more than a decade
The 2015 Navigator comes as the No. 2 U.S. automaker tries
to redefine Lincoln as a sleeker, more refined brand with
upgraded service and new models such as the MKZ mid-sized sedan
and upcoming MKC compact crossover.