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May 20, 2010

GM sees quality up, warranty costs declining

DETROIT (Reuters) – General Motors Co <GM.UL> expects to cut warranty claims by double-digit percentages in coming years by improving the quality of its cars and trucks, a senior executive said.

“We don’t have a choice. That’s what I’ve committed to do and we fully expect to do it,” Jamie Hresko, GM’s vice president for global quality, said in an interview on Wednesday.

May 17, 2010

GM posts profit as production snaps back

DETROIT (Reuters) – General Motors Co posted a first-quarter profit as demand steadied in the United States and sales boomed in China, a turnaround the automaker said could put it on track for its first full-year profit since 2004.

Analysts said the results underscored the progress GM made by slashing costs in a bankruptcy funded by the Obama administration and kept open the prospect of the automaker launching an initial public offering as soon as this year.

May 17, 2010

GM posts Q1 profit with IPO possible in next year

DETROIT (Reuters) – General Motors Co <GM.UL> posted a first-quarter profit on Monday and said it is making progress towards a turnaround expected to put it on track towards its first full-year profit since 2004.

Chris Liddell, GM’s chief financial officer, said the first-quarter results showed that the top U.S. automaker was making progress and had a “good chance” of turning a full-year profit.

May 17, 2010

GM posts first-quarter profit

DETROIT (Reuters) – General Motors Co <GM.UL> posted a first-quarter profit on Monday and said it is making progress toward a turnaround expected to put it on track toward its first full-year profit since 2004.

Chris Liddell, GM’s chief financial officer, said the first-quarter results showed that the top U.S. automaker was making progress and had a “good chance” of turning a full-year profit.

May 17, 2010

GM posts Q1 profit, IPO possible in next yr

DETROIT, May 17 (Reuters) – General Motors Co [GM.UL]
posted a first-quarter profit on Monday and said it is making
progress toward a turnaround expected to put it on track toward
its first full-year profit since 2004.

Chris Liddell, GM’s chief financial officer, said the
first-quarter results showed that the top U.S. automaker was
making progress and had a “good chance” of turning a full-year
profit.

May 5, 2010

GM hires former Hyundai marketing chief

DETROIT (Reuters) – General Motors Co <GM.UL> said on Wednesday it has hired Hyundai Motor Co’s <005380.KS> highly regarded former marketing chief in the fourth shake-up of GM’s sales organization since the automaker exited bankruptcy.

GM said Joel Ewanick would take over responsibility for marketing the Chevrolet, Buick, GMC and Cadillac brands later this month.

Apr 24, 2010

Ford mulls expanded partnership with Changan

BEIJING (Reuters) – Ford Motor Co <F.N> is looking at options to expand its partnership with Chongqing Changan Automobile Co <000625.SZ> beyond the terms of the current joint venture the automakers have in China, a senior executive said on Saturday.

“We have a strong partnership with Changan and we’re talking about a lot of opportunities for the future,” said Joe Hinrichs, who heads Ford’s operations in Asia and Africa.

Apr 24, 2010

Delphi shopping for China acquisitions: CEO

BEIJING (Reuters) – U.S.-based auto parts supplier Delphi Corp is on the lookout for acquisitions in China as it expects to outpace revenue growth in the booming Chinese auto market, Chief Executive Rodney O’Neal said on Saturday.

“Obviously we’re looking,” O’Neal told Reuters on the sidelines of the Beijing auto show. “We’ve got a great balance sheet right now and we’re out looking.”

Apr 24, 2010

Global brands face threat of rising China car quality

BEIJING (Reuters) – When Ric Hull first looked at launching Great Wall Motor <2333.HK> pickup trucks in Australia last year, he considered rebranding them, worried their obvious Chinese origins would raise questions about their quality.

Ateco Group, Hull’s auto importing and dealership company, decided against marketing the low cost models under “GWM” label, instead embracing the trucks’ made in China credentials, and sales are booming.

Apr 24, 2010

GM’s 2010 India sales set to double: Lee

BEIJING (Reuters) – General Motors <GM.UL> expects to double sales in India this year and to double its share in that market longer term with the addition of commercial vehicles it plans to begin making with its joint-venture partner, China’s SAIC <600104.SS>.

“We’re doing incredibly well with passenger cars. We’re going to double our volume this year,” Tim Lee, president of GM’s international operations told Reuters on the sidelines of the Beijing auto show.

    • About Kevin

      "Kevin Krolicki is Reuters bureau chief in Detroit where he has been based since 2006. He has also worked as an editor and reporter in Los Angeles and Tokyo."
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