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Jul 25, 2014

Insight: GM recalls far from calamity for some dealers who find new customers, business

By Nick Carey and Bernie Woodall

FOX LAKE Ill. (Reuters) – The news about deadly crashes linked to a faulty ignition switch, followed by wave upon wave of recalls, did not bode well for General Motors dealers earlier this year. It conjured visions of worried, frustrated drivers pouring onto lots like Raymond Chevrolet, outside of Chicago.

But according to Robbie Long, service director for the dealer and nearby Ray Chevrolet, what looked like “great adversity” has turned into an opportunity.

Jul 25, 2014

GM recalls far from calamity for some dealers who find new customers, business

, July 25 (Reuters) – The news about deadly
crashes linked to a faulty ignition switch, followed by wave
upon wave of recalls, did not bode well for General Motors
dealers earlier this year. It conjured visions of worried,
frustrated drivers pouring onto lots like Raymond Chevrolet,
outside of Chicago.

But according to Robbie Long, service director for the
dealer and nearby Ray Chevrolet, what looked like “great
adversity” has turned into an opportunity.

Jul 7, 2014

Nine dead, 53 wounded in bloody holiday weekend in Chicago

CHICAGO (Reuters) – The Fourth of July holiday weekend brought an explosion of gunfire to Chicago, with more than 50 people shot and nine killed, authorities said on Monday.

The violence was widespread in the nation’s third-largest city from Thursday evening through Sunday midnight, police said. There were 50 separate shooting incidents that left 53 wounded and nine dead, police said.

Jul 7, 2014

Dozens injured, nine dead in bloody holiday weekend in Chicago

CHICAGO (Reuters) – The Fourth of July holiday weekend brought an explosion of gunfire to Chicago, with roughly 50 people shot and nine killed, authorities said on Monday.

The violence was so widespread in the nation’s third-largest city during the period from Thursday through Sunday that police were still tallying the dead and wounded on Monday, but a Chicago Police Department spokesman said the current count was 49 shooting incidents with nine dead. The spokesman did not give details on the number of people shot.

Jun 17, 2014

U.S. CEOs more pessimistic on economy, capital expenditures

CHICAGO, June 17 (Reuters) – U.S. chief executives are
slightly less positive about the economy’s growth prospects this
year and fewer of them expect to increase their capital
expenditures in the next six months, according to a quarterly by
the Business Roundtable released on Tuesday.

The CEOs said they expected U.S. gross domestic product to
rise by 2.3 percent in 2014, which is short of normal growth
rates in past economic recoveries, according to the survey.

Jun 17, 2014

U.S. CEOs less positive on economy, capital expenditures

CHICAGO (Reuters) – U.S. chief executives are slightly less positive about the economy’s growth prospects this year and fewer of them expect to increase their capital expenditures in the next six months, according to a quarterly by the Business Roundtable released on Tuesday.

The CEOs said they expected U.S. gross domestic product to rise by 2.3 percent in 2014, which is short of normal growth rates in past economic recoveries, according to the survey.

Jun 13, 2014

Tea Party struggles to repeat Cantor-style shock in Tennessee

By Nick Carey

JACKSON Tenn. (Reuters) – The shock defeat of Republican House Majority Leader Eric Cantor in a primary in Virginia this week has fueled hopes among Tea Party activists in Tennessee that they can stage a similar upset against Senator Lamar Alexander in August.

But the Cantor loss, while enough to shake Washington and the Republican establishment, may not be a sign of things to come as the Tea Party movement has yet to show this year it can find a consistent winning formula against Republican incumbents.

Jun 5, 2014

With Michigan support set, Detroit an issue in governor race

DETROIT June 5 (Reuters) – For Michigan Republican Governor
Rick Snyder, the biggest unknown in his reelection bid this year
is his backing for Detroit’s bankruptcy case.

Snyder as soon as this week is expected to sign legislation
offering $195 million in state funds as part of a “grand
bargain” to bring in philanthropic money, keep the Detroit
Institute Arts collection intact, and ease pension cuts for city
retirees.

Jun 2, 2014

Kings dethrone Hawks, advance to Stanley Cup Finals

CHICAGO (Reuters) – The Los Angeles Kings advanced to the Stanley Cup Finals with a stunning 5-4 overtime victory over the Chicago Blackhawks in Game Seven of a captivating NHL Western Conference Finals series on Sunday.

Alec Martinez silenced a raucous United Center crowd when he scored the series-deciding goal 5:47 into the first extra session, his shot from the left point hitting Chicago defenseman Nick Leddy and looping past goaltender Corey Crawford.

May 23, 2014

GM sales appear resilient amid recalls, dealers optimistic

CHICAGO (Reuters) – In the midst of an historic run of recalls, including over one defect linked to at least 13 deaths, General Motors Co sales are showing resilience.

The No. 1 U.S. automaker is beating the industry average this month, according to one estimate, and more than 10 dealers interviewed by Reuters were upbeat, saying lingering concerns about the safety of the company’s current new car lineup are dissipating even as the number of recalls rise.

    • About Nick

      "Nick Carey is a Chicago-based, British-born journalist who has covered everything from the near-collapse of the Big Three automakers to the U.S. housing crisis. Nick is currently on general assignment, reporting on the human impact of the recession. He previously spent ten years working in central and eastern Europe."
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