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Mar 18, 2011

Mistakes, misfortune, meltdown: Japan’s quake

TOKYO, March 17 (Reuters) – By Thursday morning the last line
of defense came down to this: a police water cannon, a
helicopter maneuver designed for wildfires and a race against
time to get the Fukushima Daiichi nuclear power plant rewired to
the grid.

As a crew of about 100 Japanese workers and soldiers battled
to keep a string of six nuclear reactors from meltdown just
short of a week into Japan’s nuclear crisis, the arsenal of
weapons at their disposal remained improvised, low-tech and
underpowered.

Mar 17, 2011

Corrected: Mistakes, misfortune, meltdown: Japan’s quake

TOKYO (Reuters) – By Thursday morning the last line of defense came down to this: a police water cannon, a helicopter maneuver designed for wildfires and a race against time to get the Fukushima Daiichi nuclear power plant rewired to the grid.

As a crew of about 100 Japanese workers and soldiers battled to keep a string of six nuclear reactors from meltdown just short of a week into Japan’s nuclear crisis, the arsenal of weapons at their disposal remained improvised, low-tech and underpowered.

Mar 17, 2011

Special report: Mistakes, misfortune, meltdown: Japan’s quake

TOKYO (Reuters) – By Thursday morning the last line of defense came down to this: a police water cannon, a helicopter maneuver designed for wildfires and a race against time to get the Fukushima Daiichi nuclear power plant rewired to the grid.

As a crew of about 100 Japanese workers and soldiers battled to keep a string of six nuclear reactors from meltdown just short of a week into Japan’s nuclear crisis, the arsenal of weapons at their disposal remained improvised, low-tech and underpowered.

Mar 2, 2011

February auto sales jump 27 percent, top expectations

DETROIT (Reuters) – U.S. auto sales surged by 27 percent in February, exceeding the most bullish analyst forecasts as the lure of discounts from automakers led by General Motors Co outweighed concerns about higher oil prices for car shoppers.

The February sales tally, which represents one of the first snapshots of U.S. consumer demand, was the strongest since August 2009 when the government’s “cash for clunkers” credits spurred a short-lived boom at dealerships.

Mar 1, 2011

US Feb auto sales jump 27 pct, top expectations

DETROIT (Reuters) – U.S. auto sales surged by 27 percent in February, exceeding the most bullish analyst forecasts as the lure of discounts from automakers led by General Motors Co (GM.N: Quote, Profile, Research) outweighed concerns about higher oil prices for car shoppers.

The February sales tally, which represents one of the first snapshots of U.S. consumer demand, was the strongest since August 2009 when the government’s “cash for clunkers” credits spurred a short-lived boom at dealerships.

Mar 1, 2011

GM U.S. sales surge as incentives catch fire

DETROIT (Reuters) – General Motors Co’s sales in its home market surged by 46 percent in February as sales incentives including lease deals and cash offers for existing GM owners drove shoppers to dealerships.

The sales gain was higher than analysts had projected for the top U.S. automaker and cemented a market share gain for GM in the first two months of the year.

Feb 24, 2011

GM reports first full-year profit since 2004

DETROIT (Reuters) – General Motors Co posted fourth-quarter earnings slightly above expectations and its first full-year profit since 2004.

Profit for all of 2010 was $4.7 billion, achieved after the company slashed costs and debt in a 2009 bankruptcy financed by the Obama administration.

Feb 18, 2011

GM to offer Pandora Internet radio on Chevy cars

DETROIT (Reuters) – General Motors Co will launch a new system to stream online radio from Pandora in upcoming Chevrolets starting with the Volt and Equinox.

The new partnership comes as the top U.S. automaker looks to make up for lost ground against Ford Motor Co in the increasingly competitive market for digital entertainment systems in vehicles.

Feb 16, 2011

Penske profit surges, dealer shares rally

DETROIT, Feb 16 (Reuters) – Penske Automotive Group
(PAG.N: Quote, Profile, Research, Stock Buzz), the No. 2 U.S. auto dealership group, reported a more
than 50 percent gain in fourth-quarter earnings, topping
analyst expectations and igniting a rally in its shares and
shares of other auto retailers.

Penske’s shares closed at their highest since 2008,
extending a rally that has taken the stock up almost 85 percent
over the past eight months as the recovery in U.S. auto sales
has gathered steam.

Feb 11, 2011

Ford to cut debt by another $3 bln

DETROIT (Reuters) – Ford Motor Co will pay down another $3 billion in debt in the first quarter as it works toward regaining its investment grade rating in the final stage of its four-year turnaround.

Shares of Ford rose over 1.5 percent to $16.20 in after-hours trading after closing at $15.95 on the New York Stock Exchange.

    • 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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