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GM Wants to Revive Stake in Isuzu
4/29/2012General Motors Co., which sold its 7.9% stake in Isuzu Motors Ltd. in 2006, hopes to restore the partnership by buying about 10% of the Japanese truckmaker, according to The Nikkei, which cites no sources.
GM Might Revive Isuzu Equity Alliance
4/29/2012General Motors Co., which sold its 7.9% stake in Isuzu Motors Ltd. in 2006, hopes to restore the partnership by buying about 10% of the Japanese truckmaker, according to The Nikkei, which cites no sources.
Four Visteon to Resign from Board
4/29/2012Visteon Corp. says four of its 10 directors have chosen not to seek re-election to the company's board at its annual shareholder meeting on June 14.
Goodyear Swings to a Loss, Cuts Outlook
4/29/2012Goodyear Tire & Rubber Co. posted an $11 million net loss in the first three months of this year compared with a $103 million profit in the same period of 2011.
American Consumer Confidence at One-Year High
4/29/2012U.S. consumers are the most upbeat about economic conditions than they have been since last April, University of Michigan says.
Ford Quarterly Profit Plunges 46%
4/27/2012Ford Motor Co. reports that net income fell to $1.4 billion (€1.1 billion) in the first quarter of this year from $2.6 billion (€2 billion) in the same period of 2011.
Spain’s Jobless Rate Tops 24%
4/27/2012Spain's statistics agency says the country's unemployment surpassed 24% and a record 5.64 million people last month.
Ford Cuts European Output 15% This Quarter
4/27/2012Ford Motor Co. plans to build 370,000 vehicles in Europe in the March-June quarter, down 65,000 units from the same period in 2011 because of lower demand.
Ford Hikes Second-Quarter Output 15% in Asia
4/27/2012Ford Motor Co. plans to build 260,000 vehicles in Africa and the Asia-Pacific region in the March-June quarter, up 36,000 units from the same period in 2011.
Ford to Offer Lump-Sum Pension Payments
4/27/2012Ford Motor Co. says it will offer lump-sum pension payments to about 90,000 U.S. salaried employees and retirees.