September 17, 1989
Trees and parks were suggested by several. L.A. may be big on planting trees, but as soon as they grow big enough to be effective they are cut down to make way for a wider street or a mini-mall. ANN METZNER Torrance
April 17, 1998 |
Ford Motor Co. reported a 15% increase in first-quarter earnings as the nation's No. 2 auto maker benefited from strong truck sales, continued cost-cutting and improved performance in Europe. The record earnings--the firm's eighth consecutive increase in quarterly profit--came despite sharply higher marketing costs. Increased rebates, an estimated average of about $1,100 per vehicle, were offset by $400 million in cost reductions. Overall, Ford posted first-quarter operating profit of $1.
July 28, 1992 |
China to Sign Deals with Big Three Auto Makers: A Chinese trade delegation will sign multimillion-dollar deals with Detroit's Big Three auto makers to buy cars and trucks, the companies said. Officials of Chrysler Corp., Ford Motor Co. and General Motors Corp. declined to disclose details, saying the announcement is China's to make. The purchases will help China retain most-favored-nation trading status, despite its human rights policies, said GM spokesman John Pekarek.
October 16, 2003 |
General Motors Corp., the world's largest automaker, reported a $425-million third-quarter profit Wednesday as the company earned about 19 times as much from its finance arm as from selling cars and trucks. Net income amounted to 79 cents a share. That contrasts with a net loss of $804 million, or $1.42 a share, a year earlier, when the company wrote down its investment in Fiat's auto unit. Sales rose 5.4% to $45.9 billion.
July 6, 2005 |
General Motors Corp. said Tuesday that it would extend a popular discount program that allowed consumers to buy vehicles at the employee rate until Aug. 1. A few hours later Ford Motor Co. said it would match the promotion. The GM discount program offers most of its 2005 model cars and trucks at the same price that GM employees pay and helped spark a 47% jump in the company's U.S. vehicle sales volume in June to its highest level since 1986.