Transportation

General Motors Co expects industry auto sales in Europe to fall 4 percent to 5 percent in 2013 from 2012, when sales were the weakest in nearly two decades.

After Hurricane Sandy devastated the East Coast, companies scrambled on Tuesday to assess the damage and figure out how to staff up as soon as possible.

Hurricane Sandy may have devastated the East Coast on Monday, but the water-logged wheels of commerce keep turning, storm damage or not.

Ford Motor Co on Tuesday reported a better-than-expected profit for the third quarter on the strength of higher vehicle prices and lower costs in North America.

Ford Motor Co on Tuesday posted a third-quarter profit that trounced expectations due to higher vehicle prices worldwide and record-high profit margins of 12 percent in North America.

Volkswagen's luxury division Audi said on Monday it continues to aim to match last year's operating profit of 5.

Loss-making General Motors unit Opel has not reached an agreement with its German workforce over a restructuring plan, including the planned closure of its Bochum plant, by the Friday deadline imposed by trade union IG Metall.

Ford Motor Co expects to lose a combined $3 billion in Europe in 2012 and 2013, executives said during a conference call on Thursday, adding that European car sales may only rise to 15 million annually by mid-decade.

Hyundai Motor Co increased its quarterly net profit by 13 percent to $2 billion, squeezing overseas capacity to keep sales going despite damaging labor strikes at home.

The French government-backed rescue plan for PSA Peugeot Citroen's struggling lending arm will comply with European Union rules, Chief Financial Officer Jean-Baptiste de Chatillon said on Wednesday.

Germany plans to quickly purchase a stake in EADS to preserve its influence over the aerospace group, fearing that Daimler could unload shares it holds in the company on the open market, a document obtained by Reuters showed.

Ford Motor Co management will meet British unions on Thursday in Essex, east of London, amid media reports that it is planning to close its factory in Southampton, southern England.

France will provide multi-billion euro guarantees to ailing carmaker Peugeot SA's finance arm, a source said, the latest sign of the crisis-hit group's struggle to compete.

(This version of an Oct. 14 story removes a photograph of the former CEO.

American Airlines parent AMR Corp reported higher-than-expected adjusted quarterly earnings on Wednesday as fuel costs fell and international ventures aided revenue.

Toyota Motor Corp is considering trimming its 2012 group-wide production plan by about 2 percent because of a drop in sales in China after a territorial row, a Japanese newspaper reported, but the company denied it had altered its target.

American Airlines parent AMR Corp reported a wider quarterly net loss on Wednesday, as it took charges tied to worker severance costs and its Chapter 11 bankruptcy reorganization.

The company had a profit of $110 million for the third quarter as fuel costs fell and revenue edged higher.

Toyota Motor Corp is considering cutting its group production plan for the 2012 calendar year by around 200,000 vehicles from 10.

When fighter pilot Jack Taylor returned from World War Two, he started a car leasing company with just seven cars.