| GM set to report 1Q earnings |
May 2nd, 2013 |
General Motors Co. will report first-quarter earnings Thursday, the last of the Detroit automakers to give financial results for the first three months of 2013.The Detroit automaker is expected to post its 13th consecutive quarterly profit, driven again by a profitable North American region. But analysts expect GM to report slightly softer earnings of an average of 54 cents a share on $36.6 ...
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| UPDATE 2-Chipmaker Infineon says auto orders help lift outlook |
May 2nd, 2013 |
* Sees 2013 sales at upper end of 3.56-3.71 bln target range* Analysts polled by Reuters see 2013 sales at 3.7 bln euros* CEO says "the trough is behind us"* Shares rise 9 pct at top of sector indexBy Harro Ten WoldeFRANKFURT, May 2 (Reuters) - German chipmaker Infineon brightened its gloomy outlook for this year, citing orders from carmakers hoping sales of higher-spec models in ...
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| Rolls-Royce aerospace chief Mark King resigns |
May 2nd, 2013 |
Rolls-Royce aerospace chief Mark King has announced his resignation. He will be replaced by the ship-engine head Tony Wood. Photograph: Simon Stuart-Miller for the ...
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| Alabamas Honda plant celebrates start of MDX |
May 2nd, 2013 |
Gov. Robert Bentley is joining Honda officials in Lincoln to celebrate the start of production for the 2014 Acura MDX sports utility ...
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| Stocks to Watch General Motors AIG are Thursday’s stocks to watch |
May 2nd, 2013 |
-0.56% is projected to post first-quarter earnings of 88 cents a share. "In spite of AIG now in the 40s we continue to see compelling value, for we believe the firm's transformation is only starting to be revealed," Josh Stirling, an analyst at Bernstein, said in a ...
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| UPDATE 1-French car sales decline slowed in April |
May 2nd, 2013 |
Thu May 2, 2013 5:27am EDT PARIS May 2 (Reuters) - France's car sales decline slowed down in April to a 5.2 percent drop, according to data published on Thursday, raising hopes that demand may be about to stabilise. April registrations fell to 157,859 cars last month, the Paris-based CCFA industry association said, with sales for the first four months down 12.3 percent. The slump in demand ...
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| UPDATE 1-Honda de Mexico to invest $470 mln in transmission plant |
May 2nd, 2013 |
* Plant will make 350,000 transmissions per year in phase one* New automobile plant set to open early next yearMEXICO CITY, May 2 (Reuters) - Honda Motor Co Ltd's Mexican unit on Thursday said it will construct a transmission plant in the central Mexican state of Guanajuato, with an initial investment of $470 ...
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| The Chrysler-Fiat reversal of fortune |
May 2nd, 2013 |
Fortune 500 ) North American operations are supporting Opel and Ford of Europe respectively. Europe's financial crisis combined with its aging demographic and the intransigence of labor unions in the face of overdue cuts in factory capacity ...
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| Alcoa to spend $275M to expand automotive sheet production |
May 2nd, 2013 |
Alcoa Inc. said on Thursday it will spend $275 million over three years to expand aluminum sheet production for the auto industry, a project that will add 200 jobs in ...
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| Aprils Fastest- and Slowest-Selling Cars |
May 2nd, 2013 |
by production setbacks during its launch. Both the MKZ and MKZ Hybrid were among April's fastest-selling cars, reprising the cars' March appearance -- but with a key difference. As ...
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