BUSINESS
By BLOOMBERG BUSINESS NEWS | January 30, 1997
DEARBORN, Mich. -- Ford Motor Co. said yesterday that its fourth-quarter profit tripled, beating estimates, as strong U.S. earnings from Expeditions and F-150 light trucks helped offset continuing losses in Europe and Latin America.The automaker said profit from operations rose to $1.3 billion, or $1.10 a share, from $440 million, or 32 cents, in the year-earlier HTC period. Analysts had expected earnings of 98 cents a share, the average estimate in a survey by IBES International Inc.The improvement came mainly from Ford's rejuvenated U.S. operations, which struggled last year to introduce several new models but are now feeding growing demand for pickups and sport utility vehicles, analysts said.
BUSINESS
By BLOOMBERG NEWS | October 2, 1999
DETROIT -- General Motors Corp., the world's largest automaker, and DaimlerChrysler AG said yesterday that U.S. sales of cars and light trucks rose last month, helped by model year-end discounts on sport utility vehicles and other trucks. Sales of GM models built in North America climbed 8.5 percent from September 1998, below forecasts as overseas rivals lured car buyers. DaimlerChrysler, the third-largest automaker in the United States, said sales including Mercedes-Benz increased 7.4 percent, in line with estimates.
NEWS
By MICHAEL DRESSER and MICHAEL DRESSER,SUN REPORTER | March 30, 2006
The U.S. Transportation Department made some of the most far-reaching changes to its fuel economy standards in the 27-year history of the program yesterday - adopting rules that will raise mileage requirements for minivans, SUVs and some pickup trucks. But environmental groups expressed disappointment at the regulations, contending the Bush administration had missed an opportunity to make meaningful strides toward cleaning the air and meeting the president's stated goal of breaking a national "addiction" to imported oil. The new rules, which will apply to 2008-to-2011 vehicles, raise the average mileage requirements for the vehicles from the current 21.6 miles per gallon to 24.1 mpg by 2011 in annual steps.
BUSINESS
By BLOOMBERG NEWS | March 4, 1999
DETROIT -- General Motors Corp., the world's largest automaker, said yesterday that its U.S. sales of cars and light trucks rose 18 percent in February, beating estimates and helping push industrywide sales up 13 percent to a record for the month.GM's results included gains of 20 percent for cars and 15 percent for light trucks.The report from the largest U.S. automaker came after reports of February increases of 8.8 percent for Ford Motor Co. and 7.7 percent for DaimlerChrysler AG, and 19 percent gains for Toyota Motor Corp.
BUSINESS
By Ted Shelsby and Ted Shelsby,SUN STAFF | July 27, 2000
Sales of new cars and light trucks in Maryland shot up 15.1 percent last month, well above the national level, according to figures released yesterday by the state Motor Vehicle Administration. It was the 20th consecutive month in which sales were higher than in the corresponding period of the previous year. "We are the benefactors of a good, strong economy," said Chuck Boyle, chairman of the Maryland New Car and Truck Dealers Association, which represents the majority of the state's 350 new-car dealerships.
BUSINESS
By Ted Shelsby and Ted Shelsby,SUN STAFF | May 10, 2002
New-car sales continued to roll along at a robust pace in Maryland in March, according to figures released yesterday by the state Motor Vehicle Administration. State motorists bought 34,225 new cars and light trucks during March, a gain of 3.2 percent when compared with sales during March last year. The 3.2 percent increase in new-vehicle sales in Maryland compares with a 5.1 percent decline in sales nationwide. It marked the sixth consecutive month in which vehicle sales in Maryland were higher than during the corresponding period of the previous year.