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BUSINESS
October 5, 1999 | Bloomberg News
H.J. Heinz & Co. said that it's combining its five North American sales operations at its Pittsburgh headquarters as part of a global restructuring to cut costs and free up money for marketing. Heinz will close its StarKist Foods Inc. and StarKist Seafood and Heinz Pet Products offices in Newport, Ky., affecting about 400 jobs. The tuna and seafood sales forces will join the company's other three units--catsup, frozen food and food service--in Pittsburgh.
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AUTOS
January 3, 2014 | By Jerry Hirsch
Automakers ended 2013 with a bang, selling about 1.4 million cars in December, according to preliminary estimates, ranking it among the best months in years. Sales started slow, as consumers focused on Christmas shopping but then came roaring back in the last week of the month as people used days off during the holiday period to shop for cars, said Erich Merkle, sales analyst at Ford Motor Co. Ford reported U.S. December sales of 218,058 vehicles, up 2%. The automaker's sales grew 11% for the year.
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AUTOS
October 1, 2013 | By Jerry Hirsch
U.S. monthly auto sales declined in September for the first time in more than two years, in part because of a calendar quirk that landed Labor Day weekend sales in the August report. Automakers sold a little more than 1.1 million vehicles last month, a 4.2% decrease from September a year ago, according to Autodata Corp., an industry research firm. The single-month decline snapped a 27-month streak of year-over-year gains dating back to June 2011, according to Edmunds.com, the car shopping information company.
AUTOS
September 4, 2013 | By Jerry Hirsch, This post has been updated. See the note below for details.
General Motors Co., Ford Motor Co. and Chrysler Group all posted double-digit sales gain in August as consumers continued to take advantage of low interest rates and favorable lease deals to replace aging cars. "The industry as a whole continues to experience a robust improvement in demand," said John Humphrey, senior vice president of the global automotive practice at J.D. Power and Associates. "August is looking to be the best month for retail sales that we've seen in the past seven years.” Consumer spending on new vehicles in August will approach $36 billion, which is the highest level on record, he said August sales continue to benefit from the housing recovery and consumer confidence, said Elaine Kwei, an analyst at Jefferies, an investment firm.
AUTOS
September 4, 2013 | By Jerry Hirsch
Strong August auto sales numbers revealed a problem last month that Ford, General Motors and Chrysler once would have begged for -- not enough cars to sell. All three automakers posted double-digit gains in sales last month and they reported tight inventories on some models. For Ford Motor Co. it's the Fusion sedan and Explorer and Escape crossovers; they just can't build them fast enough enough. In Los Angeles, San Francisco and Miami, a Fusion is lasting just 13 days at a dealership before being sold.
AUTOS
June 4, 2013 | Jerry Hirsch, Los Angeles Times
Auto sales rose in May, helped by stronger consumer confidence and a rebound in home sales and construction. A strong Memorial Day weekend and especially brisk truck sales helped the industry beat expectations. "There was some concern last month when sales fell off a bit in April," said Jessica Caldwell, an analyst with auto information company Edmunds.com. Automakers sold a little more than 1.4 million vehicles last month, about an 8.2% gain from May a year earlier. As they have for much of the year, sales of big pickup trucks continued to pace the industry, pushing the average price of a vehicle sold last month to $30,978, up $618,or 2%, from the same month a year earlier, according to estimates by auto price information company TrueCar.com.
AUTOS
June 3, 2013 | By Jerry Hirsch
Auto sales rose in May, helped by stronger consumer confidence and a rebound in home sales and construction. General Motors Co., the nation's largest automaker, said its U.S. sales rose 3.1% in May to 252,894 vehicles compared with the same month a year earlier. It was the company's best month since September 2008. “The gradual recovery in the economy is becoming more broad-based,” said Kurt McNeil, vice president of U.S. sales operations. Most of GM's gain came from increased sales at its Cadillac luxury brand, which has introduced several new models over the past year and is now growing at its fastest rate in decades.
BUSINESS
March 1, 2013 | By Jerry Hirsch, Los Angeles Times
After months of big gains, the U.S. auto industry dropped into a lower gear last month with sales slowing to single digit gains for most of the big car companies. Still, car shoppers appear to be shrugging off economic factors such as higher payroll and income taxes as well as the ongoing budget debates and spending reductions in Washington. February auto sales in the U.S. grew 3.7% year over year to about 1.2 million vehicles. The gain came even though February had one fewer day than in the previous, leap year.
AUTOS
March 1, 2013 | By Jerry Hirsch
After posting a big gain in January, U.S. auto sales moderated last month with most carmakers reporting steady single-digit gains.  Industry executives said they still believed the auto segment of the U.S. economy would continue to grow this year, but the rate of growth would be slower than recent years. “We will see moderate growth as we go throughout the year,” said Jonathan Browning, chief executive of Volkswagen Group of America. “We do believe the debate on sequestration and the global economic environment does have a drag on consumer confidence,” Browning said.
BUSINESS
July 17, 1987
Joseph P. Durrett was appointed president of Kraft's sales and sales operations group. As president, he will oversee Kraft's 2,800-member retail sales force. He replaces W.B. Whitaker, who is retiring on Sept. 1. Durrett is president of the grocery products group.
AUTOS
February 1, 2013 | By Jerry Hirsch
Auto sales showed surprising strength in January with all three of the domestic manufacturers - General Motors, Ford and Chrysler - reporting double-digit gains. “Automakers are kicking off the year strong, staying true to disciplined incentive spending as many curtailed their spending in January as the current lineup of products speak for themselves,” said Kristen Andersson, an analyst for auto price information company TrueCar.com. General Motors Co., the nation's biggest automaker, said its January U.S. sales rose by a strong 15.9% to 194,699 vehicles compared with the same month a year earlier.
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