GM, Ford say sales are up; Chrysler drops

Detroit : MI : USA | 24 days ago

Two out of three U.S. automakers reported vehicle sales increased in October, with Chrysler Group LLC reporting sales slumped significantly, down 30 percent. General Motors Co. said it sold 177,603 ...

Tags: Ford Motor Company, Future Ford / Kia, Ford Posts, Ford Motor Co., U.S, Chrysler, Ford Mustangs, General Motors, quarter profitable, cost cut

GM board opts to keep Opel: sources

Magna : UT : USA | 25 days ago

The board of General Motors Co has opted to keep Opel, sources briefed on the deliberations said on Tuesday, undoing months of painstaking negotiations to sell the European unit to a Russian-backed ...

Tags: Vauxhall European, GM Europe, European Opel, Magna International Inc., European Union, General Motors Europe, Keep Opel, General Motors Co., gm board, sell opel

Bank of America forms CEO search committee

San : Mali | about 1 month ago

U.S. financial giant Bank of America said it formed a search committee to find a replacement for beleaguered Chief Executive Officer Kenneth Lewis ...Months later, a federal judge in New York refused ...

Tags: Bank of America Corp., ceo search, Ken Lewis, search committee, FleetBoston Financial Corp., Kenneth Lewis, formed ceo, Charles Gifford, transition committee, chairman walter

Without Clunker Program, Auto Sales Fall Back

Detroit : MI : USA | about 1 month ago

After two frenzied months during the government’s cash-for-clunkers program, new-vehicle sales fell in September back to the dismal levels seen earlier this year, automakers said Thursday. The Ford ...

Tags: GMC, U.S, auto sales, Ford Motor Co, Chrysler Group LLC, Ford Canada, General Motors Co., sales fell, sales dropped, buying spree