Newswire

  • Newswire

    Galhotra succeeds Farley at Ford as head of Lincoln brand  

    By Paul Lienert DETROIT, July 22 (Reuters) - Ford Motor Co has named engineer Kumar Galhotra to succeed Jim Farley as head of the company's Lincoln brand, the automaker said Tuesday. Farley remains head of Ford's global marketing, sales and service. Farley and Galhotra report to Ford President and Chief Executive Mark Fields....More
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    Fiat signs light commercial vehicle supply deal with Renault  

    MILAN, July 22 (Reuters) - For a related story click on...More
  • Newswire

    Renault to build vans for Fiat  

    PARIS, July 22 (Reuters) - Renault is to supply Fiat with a light commercial vehicle based on a Renault platform, the French carmaker said in a statement on Tuesday. The Italian vehicle manufacturer will develop the styling, and the vans will be branded Fiat Professional, the statement said. It will be manufactured by Renault in France starting from the second quarter of 2016. (Reporting by Andrew Callus; editing by John Irish)...More
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    VW boss to address German workers over cost cuts  

    * Wolfsburg HQ plant gathering planned for Wednesday * VW CEO and works council chief to address employees * Inefficiencies growing at VW - analyst BERLIN, July 22 (Reuters) - Volkswagen's chief executive will address thousands of workers at its biggest plant on Wednesday as he attempts to win their support for cost cuts at the carmaker's core VW brand. Europe's largest carmaker keeps boosting sales to new records but profitability gains are not keeping pace with the 12-brand group's rapid expansion....More
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    UPDATE 1-Investor relations partner settles U.S. SEC insider-trading charges  

    (Adds comments from SEC officials, more background) By Sarah N. Lynch WASHINGTON, July 22 (Reuters) - A New York-based investor relations executive on Tuesday agreed to settle civil charges that he illegally traded with inside information obtained while preparing press releases for company clients, U.S. regulators said. Kevin McGrath of Cameron Associates will pay a little more than $25,000 in penalties, disgorgement and prejudgment interest, the Securities and Exchange Commission said....More
  • Newswire

    Investor relations partner settles U.S. SEC insider-trading charges  

    By Sarah N. Lynch WASHINGTON, July 22 (Reuters) - A New York-based investor relations executive on Tuesday agreed to settle civil charges that he illegally traded with inside information obtained while preparing press releases for company clients, U.S. regulators said. Kevin McGrath of Cameron Associates will pay a little more than $25,000 in penalties, disgorgement and prejudgment interest, the Securities and Exchange Commission said....More
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    UPDATE 1-Ingersoll raises profit forecast on housing recovery expectations  

    (Adds forecast, estimates, share move) July 22 (Reuters) - Ingersoll-Rand Plc, the maker of Trane airconditioners and Thermo King refrigeration units, raised its current-year profit forecast as it expects the construction and industrial markets to grow. The company also reported a better-than-expected quarterly profit due to higher margins. Ingersoll-Rand raised its full-year forecast for adjusted earnings from continuing operations to $3.18-$3.26 per share, from $3.05 to $3.20....More
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    RPT-Fitch to Rate Ford Credit Auto Lease Trust 2014-B; Issues Presale  

    (Repeat for additional subscribers) July 22 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings expects to assign the following ratings and Rating Outlooks to the Ford Credit Auto Lease Trust 2014-B notes: --$280,000,000 class A-1 'F1+sf'; --$142,000,000 class A-2A 'AAAsf'; Outlook Stable; --$425,000,000 class A-2B 'AAAsf'; Outlook Stable; --$376,000,000 class A-3 'AAAsf'; Outlook Stable;...More
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    UPDATE 1-Harley-Davidson posts higher profit but cuts shipment outlook  

    (Adds stock reaction, details from company's earnings statement) July 22 (Reuters) - Harley-Davidson Inc reported a higher-than-expected quarterly profit on Tuesday but cut its full-year forecast for motorcycle shipments, citing weaker-than-expected U.S. retail sales and a delay in getting its newest bike into dealer showrooms. The news sent the company's shares down 1.6 percent to $66 in premarket trading....More
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    Italy's Sogefi reports H1 net loss, hit by restructuring costs  

    MILAN, July 22 (Reuters) - Italian car parts maker Sogefi on Tuesday reported a first-half net loss, hit by restructuring costs, the negative impact of the strong euro on South American currencies and a sharp slowdown in the Brazilian market. The group, one of the world's key producers of engine systems and suspension components, reported a net loss of 7.3 million euros ($9.8 million), against a net profit of 16.2 million euros in the same period last year. The net result was impacted by non-recurring expenses of 17.4 million euros....More
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