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Tom Krisher

Tom Krisher

July 10, 2009 | Daily Report Online

New General Motors expected to exit Chapter 11

By EMILY FREDRIX and TOM KRISHER

5 minute read

August 31, 2010 | Daily Report Online

No deal: buyers will see fewer discounts for cars

DETROIT AP - For years, Americans shopping for cars were treated to all sorts of deals and incentives, especially at the end of summer. Think Cash for Clunkers, which paid up to $4,500, or promotions that offered employee discounts to everyone.Those days are over.Deals are getting more scarce because automakers, newly lean and profitable, are holding the line on those profit-eating promotions.

By DEE-ANN DURBIN and TOM KRISHER

6 minute read

March 06, 2009 | Daily Report Online

Auditors' outlook grim as GM eyes bankruptcy

General Motors Corp.'s auditors have raised "substantial doubt" about the troubled automaker's ability to continue operations, and the company said it may have to seek bankruptcy protection if it can't execute a huge restructuring plan.The automaker revealed the concerns Thursday in an annual report filed with the Securities and Exchange Commission.

By TOM KRISHER

5 minute read

August 15, 2008 | Daily Report Online

Engineer says rechargeable car by GM is on schedule

Early versions of the Chevrolet Volt's battery packs are powerful enough to run the high-stakes rechargeable car, but dozens of issues remain before General Motors Corp. can start selling the revolutionary vehicle in 2010 as planned.The Volt's chief engineer is on a tight schedule to figure out how the car will handle the batteries' weight, dissipate their heat and mechanically transfer their power to the wheels.

By TOM KRISHER

6 minute read

October 26, 2010 | Daily Report Online

Ford keeps rolling as net income jumps, debt eases

DEARBORN, Mich. AP - Ford Motor Co. is on a roll. Its popular new cars and trucks are grabbing a bigger share of the U.S. market. It's about to erase a big portion of its health care debts. And Ford is adding a significant number of jobs for the first time in years.The news puts Ford, which has now turned profits for a year and a half, even further ahead of its Detroit rivals as the American auto industry slowly turns around.

By DEE-ANN DURBIN and TOM KRISHER

4 minute read

February 17, 2009 | Daily Report Online

AP source: GM, UAW close to deal as deadline nears

DETROIT AP - General Motors Corp. and the United Auto Workers were getting close to an agreement on concessions, a person briefed on the negotiations said Tuesday, just hours before GM and Chrysler LLC must submit a restructuring plan to the Treasury Department to justify its federal loans.Details of the deal were not available.

By TOM KRISHER and KEN THOMAS

6 minute read

December 01, 2010 | Daily Report Online

GM, Ford sales rise as auto recovery continues

DETROIT AP - Sales of Ford Motor Co. cars and trucks rose 20 percent last month while General Motors sales were up 11 percent as the auto industry's slow-motion recovery continued to gain traction.Industry analysts say the numbers, combined with a strong October, show that consumers who have kept their jobs through the economic downturn are now feeling confident enough to spend money and replace older vehicles.

By DEE-ANN DURBIN and TOM KRISHER

4 minute read

February 29, 2012 | Daily Report Online

Car sales shift into high gear

Auto sales are growing so fast that Detroit can barely keep up.Three years after the U.S. auto industry nearly collapsed, sales of cars and trucks are surging. Sales could exceed 14 million this year, above last year's 12.8 million.The result: Carmakers are adding shifts and hiring thousands of workers around the country.

By Tom Krisher

6 minute read

February 02, 2011 | Daily Report Online

US auto industry off to a solid start in January

By Dee-Ann Durbin and Tom Krisher

5 minute read

August 22, 2007 | Daily Report Online

U.S. automakers target Japanese stronghold on mid-sized cars

JUST A FEW MILES from Toyota's U.S. sales and marketing headquarters, George Tasker hasn't had much luck selling mid-sized Chevrolets against Toyota's Camry, the most popular car in America.But Tasker, the top salesman at Martin Chevrolet in Torrance, Calif., is looking forward to November when the new Malibu arrives in his showroom.

By Tom Krisher

5 minute read