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India

Ben Klayman

AutoNation names new CEO, posts strong quarterly profit

3:52am IST

DETROIT AutoNation Inc , the largest U.S. auto dealership chain, on Monday named a new chief executive four months after picking someone else for the position, while posting a stronger-than-expected quarterly profit.

Emissions rules and electric shift to spur car engines M&A

10 Jul 2019

FRANKFURT/DETROIT A growing understanding in the car industry of the value of combustion engine technology able to meet new anti-pollution requirements is likely to fuel a wave of consolidation in the next two years, industry executives and bankers say.

Emissions rules and electric shift to spur car engines M&A

09 Jul 2019

FRANKFURT/DETROIT A growing understanding in the car industry of the value of combustion engine technology able to meet new anti-pollution requirements is likely to fuel a wave of consolidation in the next two years, industry executives and bankers say.

FCA, Renault face tall odds delivering on cost-cutting promises in merger

30 May 2019

FRANKFURT/DETROIT Fiat Chrysler Automobiles NV and Renault SA promise huge savings from a mega-merger, but such combinations face tall odds because of the industry’s long product cycles and problems translating deal blueprints into real world success, industry veterans told Reuters.

Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring

21 May 2019

DETROIT Ford Motor Co said on Monday it will eliminate about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually. | Video

Lyft elevates GM first-quarter profit, pickups in driver's seat

30 Apr 2019

DETROIT General Motors Co on Tuesday reported a higher-than-expected quarterly profit, lifted by revaluations of shares it holds in ride-hailing company Lyft Inc and France's Peugeot SA.

Ford forecasts $1 billion profit improvement from Michigan truck plant

17 Apr 2019

DETROIT Ford Motor Co's shift in production at a Michigan plant to trucks from less profitable cars will lead to a more than $1 billion improvement in operating earnings, an official at the No. 2 U.S. automaker said on Wednesday.

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