DAILY: Analysts expect best auto sales streak since 2008 | Ally’s Chrysler loans targeted by Wells Fargo, Santander | Peugeot, GM target $2 billion in annual savings from alliance

DAILY NEWSLETTER February 29, 2012

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FEBRUARY U.S. AUTO SALES Analysts expect best auto sales streak since 2008 as inventories rise DETROIT (Bloomberg) -- Tamara Darvish can tell the U.S. auto industry is back by looking out on the lot of one of her company's four Toyota dealerships. Darcars Automotive Group's Toyota store in Frederick, Md., took delivery of 200 vehicles from ... >> story  Published: Feb 29 7:19 am U.S. Eastern time Advertisement Steel You Can Trust With our metallurgical and application expertise, Timken® ranks as one of the world's foremost manufacturers of seamless alloy mechanical steel tubing. Timken works with customers to meet the toughest specs for the widest range of automotive applications. Get the process started today at timken.com/steel. Timken® Where you turn® Ally’s Chrysler loans targeted by Wells Fargo, Santander, report says NEW YORK (Bloomberg) -- Wells Fargo & Co. and Santander Holdings USA Inc. have joined banks vying to oust Ally Financial Corp. as Chrysler Group LLC’s preferred auto lender, according to three people with knowledge of the bidding. General ... >> story  Published: Feb 29 10:52 am U.S. Eastern time Peugeot, GM target $2 billion in annual savings from alliance GM to take 7% stake in French automaker DETROIT/PARIS -- PSA Peugeot Citroen has agreed to form an alliance with General Motors targeting $2 billion in annual savings within five years. "This partnership brings tremendous opportunity for our two companies," >> story  Published: Feb 29 12:01 am U.S. Eastern time / Last changed: 2/29/12 4:02 p.m. ET [REG] Follow Automotive News

... Gentex plunges as U.S. delays rules on rearview cameras ... GM slips on announcement of Peugeot alliance ... Most auto stocks down ... Dow back below 13,000 ... Price Daily change 52-week high / low General Motors 26.02 -0.46% 33.75 / 19.00 Ford 12.38 +1.06% 16.18 / 9.05 Top Performers Price Daily change 52-week high / low Ford 12.38 +1.06% 16.18 / 9.05 Magna 47.58 +0.32% 54.44 / 30.03 Hyundai Motor* 28.00 +0.18% 38.25 / 24.00 Visteon 53.72 -0.06% 75.94 / 38.32 Tenneco 38.50 -0.39% 46.80 / 22.47 Bottom Performers Price Daily change 52-week high / low Gentex 23.65 -14.44% 32.21 / 21.84 American Axle 11.39 -6.41% 13.79 / 6.77 Lithia 23.61 -5.67% 27.51 / 13.28 Sonic 17.13 -2.73% 18.11 / 10.11 Superior Industries 18.08 -2.69% 26.34 / 14.17 » Check the latest automotive stock listings

Subscribe to Automotive News today! You are receiving the free registrant version of our newsletter. If you would like a more comprehensive version, purchase a subscription to Automotive News. If you are already a subscriber, please contact subs@crain.com to get the full version of our newsletter.  MORE HEADLINES GM-Peugeot deal greeted with concern, skepticism from analysts   Linda Marshall, head of GM's OnStar unit, steps down   Mitt Romney wins GOP primary in home state of Michigan   Obama vows to stay plugged in, post-White House, with Volt   Rear-view camera rule costing $2.7 billion delayed again by U.S.   Ferrari says the F12 Berlinetta is its most powerful car to date   Volkswagen details production version of the Golf GTI cabriolet   Jaguar may sell its new XF wagon outside Europe     Mike Colias covers General Motors for Automotive News. Why Peugeot link-up is just the start of GM’s European fix General Motors’ freshly inked alliance with PSA/Peugeot-Citroen raises a lot of questions that we won’t be able to answer for years. ...  Read the blog  Published: Feb 29 4:13 pm U.S. Eastern time Why Hyundai should let U.S. take redesigned wagon for a spin RICK KRANZ: Hyundai's i30 wagon is sold around the globe. Here's it's called the Elantra Touring. This is a rare car in an industry that has gone crossover crazy. The solid, low-priced, very functional compact wagon has received a long list of accolades from journalists worldwide. So the next model should be even better, right? ...  Read the blog  Published: Feb 29 2:34 pm U.S. Eastern time Jim Henry is a special correspondent for Automotive News One meeting, with significance Richard Cordray, director of the Consumer Financial Protection Bureau, is making an effort to reach out to auto and other lenders. Board members and staff for the American Financial Services Association met privately with Cordray on Feb. 16. ...  Read the blog  Published: Feb 29 12:01 am U.S. Eastern time

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