DETROIT (Reuters) – General Motors Co (GM.N) shares rose on Tuesday after the company said 2018 earnings will be largely flat compared with 2017 and forecast higher profits in 2019 when its revamped line of high-margin pickup trucks hits the U.S. market. The 2018 earnings outlook was above market expectations, sending GM shares up about… Continue reading UPDATE 4-GM sees flat 2018 earnings, with pickups picking up in 2019
Author: Ritters US Newsfeed
BRIEF-Toyota Motor North America Says Production In North America Is Nearly 2 Mln In 2017
Jan 16 (Reuters) – Toyota Motor North America: * TOYOTA MOTOR NORTH AMERICA SAYS IN 2017, TOYOTA BUILT ABOUT 2 MILLION VEHICLES AT ITS NORTH AMERICAN VEHICLE ASSEMBLY PLANTS * TOYOTA MOTOR NORTH AMERICA – PRODUCTION VOLUME AT NORTH AMERICAN VEHICLE ASSEMBLY PLANTS IN 2017 WAS DOWN ABOUT 1 PERCENT FROM 2.1 MILLION VEHICLES Source… Continue reading BRIEF-Toyota Motor North America Says Production In North America Is Nearly 2 Mln In 2017
UPDATE 2-French carmaker PSA’s sales lifted by growth in Iran and Latin America
* Iran, Latin America offset difficulties in UK, China * Worldwide sales rise 15.4 pct * Rival Renault also posted higher sales this week (Adds detail, fund manager comment) By Sudip Kar-Gupta and Gilles Guillaume PARIS, Jan 16 (Reuters) – French carmaker PSA’s global sales jumped by 15 percent last year as strong growth in… Continue reading UPDATE 2-French carmaker PSA’s sales lifted by growth in Iran and Latin America
BlackBerry launches cybersecurity software for self-driving cars
(Reuters) – Canadian software maker BlackBerry Ltd on Monday launched a new cybersecurity software, which identifies vulnerabilities in programs used in self-driving cars. The product, called Blackberry Jarvis, is being marketed first to automakers – a group of customers the former smartphone maker is hoping will power its turnaround efforts – but could also have… Continue reading BlackBerry launches cybersecurity software for self-driving cars
UPDATE 1-Fiat Chrysler CEO says no plans to sell brands to Chinese
DETROIT (Reuters) – Fiat Chrysler Automobiles NV’s (FCA) (FCHA.MI) (FCAU.N) has no intention of breaking up the company or selling individual brands to China or other parties, the company’s chief executive said on Monday, adding that the group was counting on its coveted Jeep brand to drive future profits. “We’re not going to break up… Continue reading UPDATE 1-Fiat Chrysler CEO says no plans to sell brands to Chinese
Fiat Chrysler boss says no plans to break up company
DETROIT (Reuters) – Fiat Chrysler Automobiles NV’s (FCHA.MI) (FCAU.N) CEO has no intention of breaking up the company or selling off individual brands to China or any other parties, he said on Monday, adding the group was counting on its coveted Jeep brand to drive profit. Speaking at the Detroit auto show, Chief Executive Sergio… Continue reading Fiat Chrysler boss says no plans to break up company
U.S. automakers bet on diesel trucks after VW scandal
DETROIT, Jan 15 (Reuters) – U.S. automakers are unveiling new diesel pickup trucks even as diesel sales have fallen sharply since Volkswagen AG’s 2015 diesel emissions scandal. General Motors Co said at the Detroit auto show it would offer a diesel 2019 Chevrolet Silverado pickup truck and now offers diesel versions of its Equinox, Cruze,… Continue reading U.S. automakers bet on diesel trucks after VW scandal
BRIEF-Fiat Chrysler CEO says no woman among successor candidates
Jan 15 (Reuters) – Fiat Chrysler Automobiles Chief Executive Sergio Marchionne tells reporters in Detroit: * THERE IS NO WOMAN AMONG CANDIDATES CONSIDERED AS HIS SUCCESSOR * WILL KEEP HIS POST AS CHAIRMAN AT CNH INDUSTRIAL FOR NOW Further company coverage: (Reporting by Milan newsroom) Our Standards:The Thomson Reuters Trust Principles.
BRIEF-Fiat Chrysler CEO: makes more sense to buy back shares than pay dividends
Jan 15 (Reuters) – Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne told reporters in Detroit: * BELIEVES MAKES MORE SENSE TO USE CASH TO BUY BACK SHARES THAN TO PAY OUT DIVIDEND * WHEN ASKED ABOUT A POTENTIAL JEEP SPIN-OFF, SAYS SEPARATING BRANDS FROM THE GROUP IS A “COMPLEX MATTER”, WOULD NOT DISTANCE HIMSELF FROM… Continue reading BRIEF-Fiat Chrysler CEO: makes more sense to buy back shares than pay dividends
UPDATE 1-Auto1 says no need for IPO after Softbank invests
BERLIN (Reuters) – German used-car dealing platform Auto1 said a 460 million euro ($561 million) financial infusion from Japan’s Softbank meant it was under no pressure to launch an initial public offering to fund its pan-European growth plans. Softbank, through its Vision Fund, will make around half of its investment via new shares, valuing Auto1… Continue reading UPDATE 1-Auto1 says no need for IPO after Softbank invests