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)
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.
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.
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
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.
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
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 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.