Tom Krisher

November 16, 2010 | Daily Report Online

DETROIT AP - A confident General Motors has added 20 million shares of preferred stock to its initial public offering, and it raised the estimated price range for common shares by about 14 percent to $32 to $33.The Detroit automaker, just 16 months out of bankruptcy protection, will now sell 80 million shares of preferred stock for $50 each when its offering takes place on Thursday.

By TOM KRISHER

3 minute read

August 28, 2007 | Daily Report Online

DETROIT AP - Attorneys for struggling auto parts maker Delphi Corp. and investors who have accused the company's former managers of fraud are close to settling a lawsuit against the company.The plaintiffs, including several large pension funds, contend the former Delphi managers fraudulently inflated the company's financial results to make it look more attractive to investors.

By Tom Krisher

3 minute read

November 08, 2010 | Daily Report Online

General Motors has the potential to make huge pretax profits once global auto sales fully recover, the company's chief financial officer said Thursday in a video presentation that was posted online.The video with CFO Chris Liddell's comments is the foundation for GM's "road show"-presentations that started Friday and aim to court investors for an initial public stock offering.

By Tom Krisher

4 minute read

July 23, 2010 | Daily Report Online

DEARBORN, Mich. AP - Ford Motor Co. posted a strong second-quarter profit Friday but trimmed its U.S. sales forecast and predicted weaker results in the second half as the economy slowly recovers.The automaker surprised Wall Street, making $2.6 billion in the quarter as it continued to grab sales from rivals. Ford's U.

By DEE-ANN DURBIN and TOM KRISHER

3 minute read

October 20, 2010 | Daily Report Online

DETROIT AP - Chrysler and Volvo are recalling a total of 36,000 vehicles to fix problems that could pose safety risks.Chrysler's recall affects about 26,000 cars and pickup trucks that have power steering hoses that can develop leaks. The National Highway Traffic Safety Administration said on its website that steering fluid hoses can separate at the crimped end and leak fluid on the engine, potentially causing a fire.

By TOM KRISHER

2 minute read

May 07, 2010 | Daily Report Online

DETROIT AP - Consumer Reports magazine is lifting a "Don't Buy" recommendation for a Lexus sport utility vehicle that failed an emergency handling test.The magazine said Friday that the 2010 Lexus GX 460 luxury SUV passed the test after a dealership updated software that runs its electronic stability control system.

By TOM KRISHER

3 minute read

December 06, 2007 | Daily Report Online

By Tom Krisher

3 minute read

July 10, 2007 | Daily Report Online

By Tom Krisher

3 minute read

September 01, 2010 | Daily Report Online

DETROIT AP - Auto sales, once a bright spot in the economic recovery, grew fainter last month.General Motors Co.'s August sales fell 7 percent from July, and an even sharper 25 percent from August of 2009, when sales were boosted by the government's Cash for Clunkers rebates. Ford saw sales slip 5 percent from July.

By DEE-ANN DURBIN and TOM KRISHER

3 minute read

June 30, 2010 | Daily Report Online

By TOM KRISHER

2 minute read