![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
VEHICLE SALES UP 14% * USA
* Michigan - May sales up 14% for Ford, 11% for Chrysler, 3% for GM
(Photo by Scott Olson/Getty Images - Chrysler Group LLC said Monday its sales last month marked its best May in six years)Detroit,MICH,USA -The Detroit News, by Melissa Burden -June 3, 2013: -- All three Detroit automakers reported sales gains in May over the same month of 2012, as each company saw sales gains of more than 20 percent from profitable, full-size pickups. Ford Motor Co.’s U.S. sales totaled 246,585 in May, up 14 percent, and marking its best May since 2006. Chrysler Group LLC, meanwhile, said its sales of 166,596 vehicles were up 11 percent over the same month last year, marking the best May for the company in six years. General Motors Co.’s U.S. sales of 252,894 vehicles was 3.1 percent better than May 2012, led by Cadillac sales, which soared 39.9 percent...
* DC - Four years after bankruptcy, GM set to rejoin S and P 500
(Photo by Susan McSpadden/Chevrolet via Getty Images - The U.S. Treasury announced a GM exit strategy Dec. 19, 2012, and will sell 40 percent of its remaining stake in the automaker. The Treasury plans to completely exit the Detroit automaker by March 2014. Here a 2013 Chevrolet Malibu is loaded for delivery to dealers at the General Motors Fairfax Assembly Plant Jan. 18, 2012 in Fairfax, Kansas)Washington,DC,USA -The Detroit News, by David Shepardson -June 4, 2013: -- General Motors Co. will rejoin the S and P 500 on Thursday, a sign of the company’s financial turnaround as the automaker nears the end of the era of government ownership... The Detroit automaker was removed from the S and P 500 when it filed for bankruptcy in June 2009... GM was initially 61 percent government-owned after the 2009 bankruptcy as part of the $49.5 billion U.S. bailout, but is now just 16 percent owned by Treasury, which has vowed to completely exit by March 2014... Last month, GM slid from fifth to seventh on the Fortune 500 list of largest U.S. companies. GM fell behind Warren Buffett’s Berkshire Hathaway, which rose from seventh to fifth, and Apple Inc., which rose from 17th to sixth, as its revenue jumped by 45 percent in 2012... For many years, GM led the Fortune 500 list. As recently as 1997, GM was larger in terms of revenue than Microsoft, Intel, Dow Chemical, Boeing and Coca-Cola combined...
Labels: automakers news USA and Canada
posted by Unknown @ 5:07 AM
0 Comments:
Post a Comment
<< Home