rorty:::tort: DAILY: Saab North America names turnaround firm to run company | CarMax to add up to 55 stores

DAILY NEWSLETTER

December 21, 2011

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Saab North America to be run by outside administrator

DETROIT -- Saab Cars North America has appointed an outside administrator to operate the company and potentially wind it down after parent Saab Automobile filed for bankruptcy protection in Sweden on Monday.
The move by the automaker's U.S. sales ... >> story Published: Dec 21 3:53 pm U.S. Eastern time / Last changed: 12/21/11 4:12 p.m. ET

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CarMax plans to add up to 55 used-car stores in 4 years
CarMax Inc. today said it plans to open as many as 55 used-car stores through February 2016, an expansion plan that could increase its store count by 50 percent.
The Richmond, Va., used-car retailer also said its net earnings and revenues rose in ... >> story Published: Dec 21 4:10 pm U.S. Eastern time

Honda imports China-built Fit to Canada

DETROIT -- Chinese-built cars have quietly arrived in North American showrooms for the first time, but not from one of China's scrappy automakers as long anticipated.
Honda Motor Co. has crossed the threshold by exporting the Chinese-made Fit ... >> story Published: Dec 21 3:04 pm U.S. Eastern time

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PHOTO GALLERY
Lexus LF-LC Concept
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MORE HEADLINES

GM eyes North America job cuts to lift profit margins, report says

Lexus concept planned for Detroit show revealed early

Audi designer to head VW's design center

Cadillac aims for bigger piece of China's luxury market

BMW-Audi battle turns on China replacing Germany as No. 2 luxury market

Tesla: Model S pricing to start at $57,400, top out at $92,400

Chrysler opens Mopar parts distribution centers in China, Dubai

GM recalls 15,627 Chevrolet Captiva crossovers

90 Seconds With GM's Mary Barra
GM tapped Mary Barra in January to lead global product development, once run by former Vice Chairman Bob Lutz. In this video, she addresses investment strategies, vehicle weight-savings, and safety questions surrounding the Chevy Volt plug-in hybrid. ... View the video Published: Dec 21 12:01 am U.S. Eastern time

OBITUARIES

Physicist was longtime GM researcher
Wally Albers, a physicist who had a long career at General Motors, died Dec. 18. He was 81. Albers worked in research at GM from 1962 through 1992 and retired as the director of societal analysis. >> story Published: Dec 21 4:31 pm U.S. Eastern time
From investment banker to auto dealer
Longtime auto dealer Nason Mark Feldman died Dec. 16 after an illness. He was 57. Originally an investment banker, Feldman began his automotive career at River Oaks Chrysler-Plymouth in Houston in the early 1980s. >> story Published: Dec 21 4:27 pm U.S. Eastern time

James B. Treece is industry editor for Automotive News
At Chrysler, Ford and Toyota, workplace diversity has its advantages

I salute Chrysler, Ford, Toyota Motor Sales U.S.A. and Toyota Financial. They are among 190 major U.S. corporations and partnerships that achieved a perfect score on this year's Annual Corporate Equality Index, released last week by the Human Rights Campaign Foundation. The group evaluated 636 employers for this year's ratings. ...

Read the blog Published: Dec 21 2:14 pm U.S. Eastern time

Jim Henry is a special correspondent for Automotive News
What leasing boom?

The leasing boom that wasn't gets my vote for “F&I Flop of the Year” for 2011. With used-car values and predicted residual values as strong as they are, lease penetration could have taken off this year. ...

Read the blog Published: Dec 21 12:01 am U.S. Eastern time

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