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Rachit Vats

Brazil ends Boeing 737 MAX ban, planes could fly by year-end

26 Nov 2020

RIO DE JANEIRO (This November 25 story officially corrects name of ANAC superintendent of airworthiness to Roberto José Honorato from José Roberto Honorato in paragraph six after spokeswoman initially provided the name as José Roberto Honorato)

GE warns of more job cuts at aviation business amid sluggish recovery

24 Nov 2020

General Electric Co on Tuesday warned of more job cuts at its aviation unit, citing a lengthy recovery for the airline industry from the impact of the coronavirus crisis.

Magna beats quarterly profit estimates, raises 2020 sales outlook

06 Nov 2020

Canadian auto parts maker Magna International Inc posted better-than-expected earnings on Friday, returning to profit in the third quarter as its key customers ramped up production to meet recovering demand for new cars in Europe, China and the United States.

GM to boost spending on EVs, funded by expanded pickup production

05 Nov 2020

General Motors Co Chief Executive Mary Barra said Thursday the automaker will boost capital spending over the next three years to speed development of electric vehicles, funded by expanded production of high-profit pickup trucks in North America. | Video

GE's shares soar as earnings recover from pandemic lows

28 Oct 2020

General Electric Co on Wednesday unexpectedly reported a quarterly profit and a positive cash flow on the back of cost cuts and improvements in its power and renewable energy businesses, sending its shares 10% higher.

UPDATE 3-Harley shines as CEO Zeitz's turnaround plan boosts profit

27 Oct 2020

Oct 27 Harley-Davidson Inc beat profit expectations on Tuesday as tighter inventories helped drive up prices and it reined in costs as part of Chief Executive Officer Jochen Zeitz's restructuring plan, sending its shares up as much as 28%.

AutoNation profit jumps as strong demand, tight inventory drive prices

21 Oct 2020

U.S. auto dealer AutoNation Inc's quarterly profit nearly doubled on Wednesday as a stronger-than-expected recovery in demand and tight inventories helped drive more profit per vehicle just months after the pandemic slammed the economy.

Wall Street sees profit recovery for automakers, but will it last?

20 Oct 2020

Wall Street expects U.S. automakers to report strong results for the third quarter, as a recovery in sales after this year's initial coronavirus lockdowns tightens inventory for an industry watching cases in Europe and the United States rise.

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