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(Reuters) - Detroit`s Anibal Sanchez was denied a no-hitter but still struck out 12 batters in a pitching gem as the Tigers sent the Minnesota Twins crashing to their 10th straight defeat with a 6-0 victory on Friday. Sanchez was heading towards a second career no-hitter with one out in the ninth inning before Joe Mauer punched a single up the middle to deny the Venezuelan a chance to become the 28th pitcher in Major League history with multiple no-hitters. ...
Saturday, May 25, 2013 07:40 |
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PARADISE ISLAND, Bahamas (AP) Heather Bowie Young made five straight birdies while jumping from one side of the golf course to the other. Silvia Cavalleri was hitting the ball so well Friday she was sorry the Bahamas Classic was held on only 12 holes.
Saturday, May 25, 2013 02:07 |
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By Kentaro Sugiyama and Yoko Kubota TOKYO (Reuters) - Mitsubishi Motors Corp is taking steps toward resuming dividend payments after nearly a decade-long turnaround bankrolled by other Mitsubishi group companies, according to people with direct knowledge of the plans. Specifically, Mitsubishi Motors is considering asking shareholders to approve plans for a 10-for-1 reverse stock split, the people said. At the same time, the company may ask shareholders to approve a capital reorganization - a change in accounting that would make it possible to resume paying dividends. ...
Thursday, May 23, 2013 05:20 |
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By Deepa Seetharaman DETROIT (Reuters) - Chrysler Group LLC and Tesla Motors Inc , both led by media-savvy executives, are trading public jabs over the definition of payback. Tesla wired $452 million on Wednesday to repay the remaining portion of its U.S. Department of Energy loan with interest. The company described itself as `the only American car company to have fully repaid the government. Chrysler`s snappy rejoinder came four hours later: `Not exactly, Tesla.` In 2009, Tesla won a federal loan as part of a DOE program to promoted advanced vehicle development. That same year, the U.S. ...
Thursday, May 23, 2013 19:42 |
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By Deepa Seetharaman DETROIT (Reuters) - Tom LaSorda, the former chief executive of Chrysler Group LLC and Fisker Automotive, is launching a venture capital fund with racing magnate Roger Penske to invest in technology startups. The fund, IncWell LP, will provide initial investments ranging from $50,000 and $250,000. IncWell has `strong interests` in the areas of clean energy, medical, healthcare, transportation and information applications. LaSorda, who was also a key manufacturing executive at General Motors Co, left Chrysler in 2009 just after the automaker filed for bankruptcy. ...
Thursday, May 23, 2013 17:09 |
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(Reuters) - General Motors Co is recalling worldwide more than 27,000 Cadillac crossover vehicles whose wheels could fall off due to potentially loose wheel nuts. GM said on Wednesday it knows of no crashes or injuries due to the issue and that no wheels have separated from the sport utility vehicles built on car-based platforms. The recall by the largest U.S. automaker affects certain 2013 Cadillac SRX models equipped with 18-inch wheels. About 18,871 of the affected vehicles are in the United States, 913 are in Canada, and 7,397 have been exported beyond North America, a GM spokesman said. ...
Thursday, May 23, 2013 01:33 |
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By Deepa Seetharaman and Norihiko Shirouzu DETROIT/TOKYO (Reuters) - A team including former General Motors Co executive Bob Lutz and China`s largest parts maker is looking to buy Fisker Automotive for $20 million, a fraction of the `green` car company`s estimated worth almost a year and a half ago. People familiar with the matter said on Wednesday that VL Automotive, a venture between Lutz and industrialist Gilbert Villarreal, and China`s Wanxiang Group submitted the bid earlier this month to buy Fisker through a prepackaged bankruptcy deal. ...
Wednesday, May 22, 2013 22:20 |
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DETROIT (AP) Electric car maker Tesla Motors says it has repaid a loan from the U.S. government nine years early.
Wednesday, May 22, 2013 22:04 |
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DETROIT (Reuters) - Electric carmaker Tesla Motors Inc on Wednesday said it has paid off its U.S. Department of Energy loan, using money raised last week in a stock and notes offering. The automaker said it wired $451.8 million to repay the full loan with interest. `I would like to thank the Department of Energy and the members of Congress and their staffs that worked hard to create the (Advanced Technology Vehicle Manufacturing) program, and particularly the American taxpayer from whom these funds originate,` Tesla Chief Executive Elon Musk said in a statement. `I hope we did you proud. ...
Wednesday, May 22, 2013 21:57 |
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DETROIT (Reuters) - China`s largest auto parts maker and a boutique car company led by former General Motors Co executive Bob Lutz have offered $20 million to buy `green` carmaker Fisker Automotive, people familiar with the matter said on Wednesday. Wanxiang and VL Automotive are looking to buy Fisker, which has not built a car since July, through a prepackaged bankruptcy deal. A separate team of investors is looking to buy out the U.S. Department of Energy`s position in Fisker. A spokesman for VL Automotive declined to comment. Pin Ni, president of Wanxiang`s U.S. ...
Wednesday, May 22, 2013 20:29 |
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