Ford profit beats estimates on strength in North America

Ford Motor on Tuesday higher than expected quarterly profit as strength in the number 2 of the core U.S. automakers posted North American market to compensate for losses in Europe and South America.

The company, whose shares have risen more than 3 percent, confirmed the earnings prospects for 2014, which last month presented investors. Ford has described as a transitional year 2014, on the sample of CEO Alan Mulally Team and restructuring of the company provide that the strength, since he took over in 2006.

Ford has in the last month, that the costs for the introduction of new vehicles and a deteriorating Venezuelan economy delle its profit this year would. The messages sent, delete the shares of the company on its biggest one day percentage in more than two years.

The stock regained however ground after Mulally speculation nullified earlier this month, that he would leave Ford for the top job at Microsoft. He stressed that he remains long-term strategy engaged in the day-to-day business of the company, as well as setting.

Ford's net profit in the fourth quarter rose to $3 billion, or 74 cents per share, compared with nearly $1.6 billion, or 40 cents per share in the previous year.

The results include a $2.1-billion profit from the addition of the deferred tax assets in the balance sheet, as well as the fees of $311 million for last year pension of buyouts and layoffs in Europe.

Excluding the non-recurring effects, Ford earned 31 cents a share, 3 cents more than analysts polled by Thomson Reuters I/B/E/S had expected.

Sales rose 4 percent to $37.6 billion, above the expectations of analysts of $35,17 billion.

On Tuesday, Ford said that it expected car still a global profit this year of between $7 billion and $8 billion, with lower operating margins.

The company said, that its worldwide pension plans underfunded 2013 were $9 billion at the end of, an improvement of $10 billion from the end of 2012 and $1 billion better than it had previously forecast.

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GM shares China of the international units, hires former Volvo CEO

DETROIT, Aug 2 Reuters)-General Motors co said on Friday that it has divided critical activities in China by its international units, which is now run by the former Chief Executive of the Swedish automaker Volvo.

Tim Lee, who ran international operations unit for almost four years, was appointed Chairman of GM China and retains its position as the global Chief of manufacturing.

The trains allow more about China, the world's largest automotive market, as well as other rapidly growing and emerging markets focus, the company said GM.

"It will be in a better position to take on the competition and even greater use all opportunities that are available in the international market place" GM spokeswoman Katie McBride said.

GM said that Stefan Jacoby, a former head of Volvo, who worked also as an Executive at Volkswagen AG, as the head of the other international operations will do. This region comprises 100 countries and territories in Africa, Asia, Europe and the Middle East.

Jacoby, 55, begins his job Monday and will report to GM CEO Dan Akerson.

Jacoby left Volvo in October 2012 after the company missed its revenue targets, including aggressive growth plans in China. Sources said at the time, Jacoby, an important meeting and the strategy Board had clashed with the Deputy Chairman at Volvo.

Jacoby a slight stroke in September 2012, but GM officials said he is fit to international business activities of the company run and turned it off to discuss his health. Volvo said Jacoby left, had his condition nothing to do with the decision to remove him.

Jacoby is the latest former VW Manager GM join.

In January, GM VW named Karl-Thomas Neumann its money losing Opel unit in Europe to drive. Five months later developed GM Tim Mahoney, a former VW Executive as head of global marketing. Last summer, Michael Lohscheller VW U.S. auto manufacturers turned to Opel chief financial officer.

Akerson wants Lee to China, where GM is the market leader, and start on the product of the company's aggressive plans to focus.

GM has more than 60 vehicles worldwide starts this year and in the year 2014, including the recently introduced Chevrolet Silverado and GMC Sierra full-sized pickups, are the main profit generators.

To register for 12 Bob Socia, President of GM China, continue to Lee, two wholly-owned foreign companies, joint ventures and more than 55,000 employees in China is responsible.

"Tim is crucial to building on our success in China and to ensure proper vehicle starting around the globe", Akerson said.

China will still be included in GM coverage is international activities when it comes to financial, however, McBride said.

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Sales leads new data to adjust inflation rates for U.S. auto sector

DETROIT, Aug 2 Reuters) - car industry's weaker than expected overall results for July disappeared updated data uses the US on Friday after the Federal Government released, calculate the annual sales per month.

The US Office of economic analysis (BEA) on Friday released the new pace calculated seasonal factors used to monthly sales, in turn, Autodata calculate a rate for July of 15.8 million vehicles according to the market research firm. Reasonable analysts expectations, rather than falling short, because it looked on Thursday, when the rate was 15,67 prior to the recalculation.

Analysts, who warned the BEA that recalculation could shift results from some tenths of a point, said the July sales to individual consumers, also known as retail, unbroken.

The new calculation that is done each year to compensate for variations such as weather and holidays, affected all numbers, what changes for each month.

April had been, for example, the only month of this year, to year 15 million sales minimum, when it originally came to 14.92 million. The rate for April is now at 15.19, now makes the last month fall under 15 million October 2012.

Industry executives have said that they expect sales for the U.S. auto industry to the end of the year between 15 million and 15.5 million vehicles, which would be up from 14.5 million in the last year.

Julis updated sale review follows June rates recalculated 15.88 million. This gives two consecutive months with a strong pace of sales, the U.S. industry as it leads towards autumn, when automakers release usually new models, to lure buyers into the showrooms.

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AutoNation July new vehicle sales up 17 percent

FORT LAUDERDALE, Florida-AutoNations new vehicle sales rose 17 percent in July from the previous year's period to a supplement sales day in the period.

The country's biggest car dealership chain said Friday that it sold 25.403 new vehicles last month. Sales of domestic vehicles 23 percent rose 19 percent, while premium luxury vehicle sales climbed. Sales of the vehicles rose by 14 percent.

There days 25 sales in July compared to sell 24 days a year ago.

Sales of new vehicles in garages open at least a year by 12 percent to 24.195 vehicles has increased. This figure is an important indicator of a car dealership health, because results of the place recently are opened or closed out.

Last month, AutoNation reported that its earnings rose in the second quarter by 14 percent on strong growth in all business units.

AutoNation Inc., with in Fort Lauderdale, Florida based, is his new August vehicle sales through Sept. 5 reports.

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GM recalls 843 new Silverado and Sierra pickup

DETROIT, 19.Juli Reuters) - General Motors co said that it 843 is remembered 2014 Chevrolet Silverado and GMC Sierra crew cab pickup trucks, because that may not fully inflate passenger air bag in a crash.

There were no known injuries or crashes related to the faulty airbags, GM said.

The automaker estimates that it delivered more than 40,000 of truck dealers, GM spokesman, what Alan Adler said.

GM truck owners, call to make sure that the vehicles are repaired. Dealer repair affected vehicles, customers still still not been to.

The newly designed 2014 Silverado Sierra the main vehicle launches for GM since its 2009 bankruptcy and rescue by the U.S. Government and are key to the GM fight lasting with Ford Motor Co., whose F 150 that best-selling vehicle is truck of the automotive industry.

GM current large trucks and SUVs related, more than $12,000 per vehicle in profit to generate, about 60 percent of the global result accounts for the company according to analysts. Citi estimates that more than $1 billion in 2013 and 2014 in additional operating profit could bring the new models of the car manufacturers.

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