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AUTOS' NEWS WORLDWIDE
* USA - Shifting fortunes - Operating gains take Wall Street by surprise
DETROIT,MI,USA -The Detroit News, by Bill Vlasic -Oct 26, 2006: -- General Motors Corp. took another step toward returning to profitability Wednesday by posting a $115 million third-quarter loss -- better results than Wall Street was expecting... While its critical North American auto business continues to lose money, GM showed significant progress in reducing labor and health care costs and resolving its portion of the problems confronting bankrupt Delphi Corp... With both Ford Motor Co. and DaimlerChrysler AG's Chrysler Group dragged down by deep losses in the third quarter, GM now appears to have the healthiest outlook of Detroit's Big Three...
* France - Peugeot on the rack as sales, profits slide
Detroit,MI,USA -The Detroit News, by Neil Winton -Oct 26, 2006: -- France's Peugeot, which wrote the book about being a successful mass-producer of small cars, finds itself leaderless, with sales under pressure, profits evaporating, and facing tough decisions on more factory closures... Investors are wondering if the company can ride out the storm and regain its former glory. Some are speculating that the family-controlled company will revert to private status...
posted by Unknown @ 1:05 PM
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