Carmakers are expected to report a mixed picture for October sales: mostly better than a year ago, but down slightly from September. Still, the pace appears strong enough that the upper end of full-year forecasts is reachable.
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Corning’s (GLW) third-quarter profit rose 22% from a year earlier, as higher sales of the company’s automotive and diesel-emission products more than offset the falling glass prices for flat-panel TVs.
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The automaker said it will repay $2.8 billion it owes to the United Auto Workers retiree health care trust, buy back $2.1 billion in common stock held by the federal government and make a contribution valued at $6 billion to it…
General Motors plans to invest $190 million in its Lansing Grand River assembly plant where it will build a new Cadillac model, resulting in 600 new jobs and the addition of a second shift.
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Chrysler Group reportedly is planning to build a small car capable of 40 mpg based on a current Fiat design in a bid to boost its corporate fuel economy average.
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