General Motors earnings likely to rise, but problems persist in Europe
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DETROIT  - General Motors Corp. is forecast to post a healthy profit when it reports third-quarter earnings Thursday, but European business continues to falter and another severe overseas overhaul is likely.
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Daimler AG  generated third-quarter earnings before interest and tax (EBIT) of 1.89 billion euros ($2.70 billion), just ahead of market expectations, as profits continued to rise at its Mercedes-Benz Cars division.
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RUESSELSHEIM, Germany - General Motors Europe announced Thursday that it plans to cut 12,000 jobs on the continent by the end of 2006 in a plan aimed at saving $617 million per year.    The company said that 90 percent of the cuts would be made in 2005...
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Automaker posts third-quarter net income up 7.5%, but strengthening yen and discouraging outlook for U.S. economy temper sales forecasts for the year to come.
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Automakers got off to a rough start in 2008, but General Motors served up a surprise on Friday with higher sales in January on strong demand for its new car models.
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Wall Street was expected to open lower  on growing fears rocketing oil prices will crimp corporate  profit growth, with General Motors Corp.'s GM.N under  pressure on a report orders may slip.
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Auto insurer posts strong earnings, but a down cycle may be about to begin.
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No. 1 automaker has outpaced its domestic rivals, but will GM stock keep spinning its wheels? By Chris Isidore, CNN/Money senior writer.
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U.S. stock futures drifted lower on Thursday, pointing to a weak open on Wall Street, as automaker General Motors Corp.  posted earnings below Street estimates and a government report showed initial claims for U.S. jobless aid rose more than expected.
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General Motors  is seriously  considering boosting car exports from Europe, including to its  key U.S. market, to help boost productivity at its European  sites, a senior GM executive said on Thursday.
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Europe's bourses are expected to track the climb on the Nasdaq overnight and open slightly firmer. Ericsson though is likley to suffer following a disappointing update and VW will be in focus after rejecting an union pay cuts offer as insufficient.
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General Motors Corp  said on Thursday it sees significantly improved operating earnings and cash flow in the next two to three years, but expects high fuel prices and declining consumer confidence to be a drag on U.S. sales this year.
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General Motors Corp.  swung to a profit in the fourth quarter but fell short of Wall Street expectations on mounting mortgage losses from its former finance unit.
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Stock futures pointed to a rise on Wall  Street on Wednesday, buoyed by General Motors Corp.&#39;s   deal with the United Auto Workers, as well as expectations of  more Federal Reserve rate cuts.
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European stocks were steady on Thursday  amid results from key firms such as Philips which beat earnings  estimates but gave a cautious outlook, while Siemens also  reported higher-than-expected profits.
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NEW YORK - A disappointing earnings report from General Motors Corp. and another rise in crude oil prices sent stocks lower Thursday as investors grew even more nervous about the economy...
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General Motors is reviewing its European operations as it aims to trim costs in the loss-making division. The US car maker said production could be reduced but dismissed reports it had already decided to cut 3,000 jobs.