U.S. auto sales failed to gain traction in May, with General Motors (GM - Cramer’s Take - Stockpickr) and Ford (F - Cramer’s Take - Stockpickr) reporting hefty declines for the month.
GM, the nation’s No. 1 auto seller, said auto sales fell a greater-than-expected 30% in May to 272,363 vehicles. Truck and SUV sales dropped [...]
In a statement released later Sunday, American Axle said the UAW rejected its request that a federal mediator assist in the negotiations.”AAM had hoped that the involvement of an impartial third party at the bargaining table could assist both sides. … AAM was disappointed in the UAW’s decision,” the statement said.UAW President Ron Gettelfinger said [...]
DETROIT (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research) still expects the U.S. economy to recover in the second half of 2008, pulling industry-wide auto sales higher, an executive said on Tuesday.
GM sales analyst Mike DiGiovanni, speaking to reporters and analysts on a conference call, said he saw “early signs” [...]
By David Bailey
DETROIT (Reuters) - U.S. automotive shares fell on Thursday, including as much as a 9 percent drop in General Motors Corp (GM.N: Quote, Profile, Research), after Morgan Stanley cut its 2008 U.S. industry sales forecast and said 2009 would be little better.
GM stock fell to its lowest level in [...]
(Adds details on options activity, background, byline)
By David Bailey
DETROIT, March 13 (Reuters) - U.S. automotive shares fell
on Thursday, including as much as a 9 percent drop in General
Motors Corp (GM.N: Quote, Profile, Research), after Morgan Stanley cut its 2008 U.S.
industry sales forecast and said 2009 would be little [...]
By Ben Klayman
DETROIT (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research) said on
Tuesday it will close a seventh facility next week as the
impact from a strike against American Axle %26amp; Manufacturing Inc
(AXL.N: Quote, Profile, Research) widens for the No. 1 U.S. automaker.
GM said its Toledo, Ohio, transmission [...]
By Kevin Krolicki
DETROIT (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research) said on Monday two more assembly plants were running out of parts and would have to be idled as the impact from a week-long strike against supplier American Axle %26amp; Manufacturing (AXL.N: Quote, Profile, Research) widened for the No. [...]
(Adds details, background, analyst and S%26amp;P comments)
By Kevin Krolicki
DETROIT, Feb 27 (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research)
plans to idle a Pontiac, Michigan truck plant on Thursday
because of a strike against supplier American Axle %26amp;
Manufacturing Inc (AXL.N: Quote, Profile, Research), a person familiar with the plan
said.
[...]
(Adds detail, background, byline)
By Kevin Krolicki
DETROIT, Feb 27 (Reuters) - General Motors Corp (GM.N: Quote, Profile, Research)
plans to idle a Pontiac, Michigan, truck assembly plant on
Thursday because of a strike against American Axle %26amp;
Manufacturing Inc (AXL.N: Quote, Profile, Research), a key supplier, a person familiar
with the matter said.
[...]
By Kevin Krolicki
DETROIT (Reuters) - General Motors Corp plans to idle a Pontiac, Michigan, truck assembly plant on Thursday because of a strike against American Axle %26amp; Manufacturing Inc, a key supplier, a person familiar with the matter said.
GM will stop production at the plant where it makes the Chevrolet Silverado [...]
