rorty:::tort: DAILY: Mazda seeks to shore up finances with $2.1 billion stock, loan plan | Rivals gang up on Ford trucks as Ram joins battering | U.S. new vehicles being kept longer than ever, Polk says

DAILY NEWSLETTER

February 21, 2012

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Mazda seeks to shore up finances with $2.1 billion stock, loan plan
Shares plunge 10% in Japan as investors view plan as larger than expected

TOKYO (Reuters) -- Japan's Mazda Motor Corp. plans to raise $2.1 billion to shore up its finances and invest in a new plant in Mexico, financial sources said today -- a bigger-than-expected fund-raising effort that sent its shares tumbling 10 percent.
>> story Published: Feb 21 9:59 am U.S. Eastern time

China Plastics in Automotive 2012 Conference

Plastics and composites hold the key to taking weight out of tomorrow's vehicles, and to enabling electric and hybrid technologies.

Get the latest in material and design trends at this April 17 Shanghai conference, by Plastics News China.

Details at www.pnchina.com/events

Rivals gang up on Ford trucks as Ram joins battering
Only weeks after Chevy hits Ford at Super Bowl, Chrysler piles on

NEW YORK -- First there was the Super Bowl slam, where drivers of Chevy Silverado trucks lament the loss of their buddy Dave, who doesn't survive an apocalypse because he drove a Ford.
Now Chrysler runs a national spot from Doner that poses the ... >> story Published: Feb 21 12:07 pm U.S. Eastern time

U.S. new vehicles being kept longer than ever, Polk says
DETROIT -- American drivers are holding on to their new vehicles longer than ever -– to nearly six years -- a new study says.
Research firm Polk, citing data compiled in September 2011, said U.S. consumers kept their new vehicles an average of ... >> story Published: Feb 21 12:01 am U.S. Eastern time

Follow Automotive News

... Supplier Continental AG gains in U.S. trading after proposing first dividend in four years ... Most auto stocks slip ... Dow tops 13,000 for first time since May 2008, edges ahead for the day ...

	Price	Daily change	52-week high / low
General Motors	27.06	-1.02%	36.76 / 19.00
Ford	12.53	-1.73%	16.18 / 9.05
Top Performers	Price	Daily change	52-week high / low
Continental AG*	92.20	+2.68%	110.24 / 52.75
Magna	44.98	+0.63%	58.73 / 30.03
Volkswagen*	34.13	+0.09%	39.43 / 21.88
BMW*	31.49	+0.03%	35.30 / 19.13
Hyundai Motor*	29.25	0.00%	38.25 / 24.00
Bottom Performers	Price	Daily change	52-week high / low
TRW Automotive	46.10	-5.07%	60.55 / 28.85
Group 1	52.94	-3.39%	57.71 / 33.31
Asbury	25.12	-3.09%	27.20 / 14.96
Dana	15.96	-2.98%	19.35 / 9.45
Visteon	54.00	-2.58%	76.61 / 38.32

» Check the latest automotive stock listings

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MORE HEADLINES

GM, VW benefit as China clamps down on newcomers to avoid glut

GM Europe revamp to cost at least $1 billion, analysts estimate

U.S. Honda boss reinstated to parent-company board

Dana posts $63 million Q4 profit, hires former Visteon CFO as finance chief

Lear brings back former European finance boss as CFO

Tata will double annual investments in Jaguar Land Rover

Mini counts on U.S., Asia to boost sales; scales back in Europe

New Mercedes-Benz SL63 AMG revealed

Driverless car could defy the rules of sprawl

Mazda joins with Dr. Seuss in CX-5 ads

Chrysler's Ray Durham wins engineer award

Ford bets a turbo V-6 will outgun a V-8 among law-enforcement agencies

RICK KRANZ: Six-cylinder vs. Hemi V-8: How fast is fast? You might be surprised by the results of a 0-60 mph shootout. The Michigan State Police this month released results of its annual police car test, which includes Chevrolet, Ford and Dodge vehicles. ...

Read the blog Published: Feb 21 2:23 pm U.S. Eastern time

Christina Rogers covers VW and regulatory/legislative issues for Automotive News.
CAFE correspondence has plenty of bipartisan back-patting

Let the campaigning begin. A bipartisan group of senators sent a letter last week to the federal government’s top auto industry regulators letting the regulators know that the senators endorse the administration’s proposed new corporate average fuel economy standards. ...

Read the blog Published: Feb 21 3:21 pm U.S. Eastern time

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