Itay Michaeli News
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One of the first things Dan Akerson did as chief executive officer of General Motors Co. in 2010 was dive into the automaker’s telecommunications business to get more profit from that in-car connection.
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Ford Motor Co. may post its highest first quarter North American profit ever, the latest sign the No. 2 U.S. automaker’s comeback is gaining momentum.
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Mark Reuss remembers the day, 20 years ago, when his father’s career was blindsided. Reuss had a tuxedo hanging in his car to wear that night to a long-planned event honoring his father’s 35-year career at General Motors Corp. when his mother called.
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General Motors Co. , the largest U.S. automaker, may report $1.74 billion in net income for the three months ended in March as rising sales in the U.S. and China helped the company to its best first quarter since 2000.
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General Motors Co.’s best bet for 2013 may also provide the Obama administration an exit ramp for its $50 billion investment in the largest U.S. automaker.
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General Motors Co. Chief Executive Officer Dan Akerson, having decided to keep the company’s German Opel unit, will come under greater pressure to cut production and employees in Europe as losses continue to pile up.
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The global automotive industry faces a “severe” shortage of a resin used to make fuel and brake components that may interrupt production “in the next few weeks,” according to TI Automotive Ltd.
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Auto sales may have less room to grow because Americans are increasingly willing to settle for owning one car or truck, according to Itay Michaeli, a Citigroup Inc. analyst.
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Ford Motor Co., poised to begin negotiations with the United Auto Workers, may report lower second-quarter profit tomorrow on rising costs for commodities and developing new vehicles.
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U.S. auto sales may have reached a 13 million annual pace for the third straight month, accelerating from a year earlier, as consumer confidence rose before vehicles produced prior to Japan’s earthquake began to run out.
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