rorty:::tort: DAILY: PSA Peugeot planning $1.3B stock rights offer | Judge denies U.S. motion to dismiss suit over Chrysler dealer terminations | Subaru tops Consumer Reports' new ranking of best automakers

DAILY NEWSLETTER

February 28, 2012

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PSA Peugeot planning $1.3B stock rights offer; GM would be included, report says

PARIS (Bloomberg) -- PSA Peugeot Citroen plans a 1 billion-euro ($1.34 billion) rights offering to raise cash as debt increases, people familiar with the matter said.
General Motors Co. will buy about 7 percent of the French carmaker and take part ... >> story Published: Feb 28 9:48 am U.S. Eastern time / Last changed: 2/28/12 2:45 pm ET

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Judge denies U.S. motion to dismiss suit over Chrysler dealer terminations

Dealers terminated during Chrysler's 2009 bankruptcy will be allowed to proceed with a lawsuit against the U.S. Treasury Department, alleging the government violated the Constitution in taking their store franchises.
A ruling handed down Monday by ... >> story Published: Feb 27 6:18 pm U.S. Eastern time / Last changed: 2/28/12 12:03 pm ET

Subaru tops Consumer Reports' new ranking of best automakers
Mazda rises to No. 2; Ford drops to 10th place

Subaru edged Mazda, Toyota and Honda to earn the highest score in Consumer Reports' latest report card ranking 13 automakers based on road tests and reliability. But Toyota dominated the magazine's top picks in five of 10 product segments, becoming the first automaker to do so ... >> story Published: Feb 28 12:45 pm U.S. Eastern time / Last changed: 2/28/12 4:09 p.m. ET

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... Dealership groups again lead as Dow closes above 13,000 for first time since 2008 ... Sonic rises on Q4 profit report ... Gentex gains on eve of U.S. rearview-camera rules ...

	Price	Daily change	52-week high / low
General Motors	26.14	-1.21%	33.75 / 19.00
Ford	12.25	-0.41%	16.18 / 9.05
Top Performers	Price	Daily change	52-week high / low
Lithia	25.03	+6.78%	27.51 / 13.28
Sonic	17.61	+5.39%	18.11 / 10.11
Gentex	27.64	+4.52%	32.21 / 21.84
Asbury	26.32	+2.61%	27.20 / 14.96
Denso*	16.89	+1.69%	18.77 / 12.86
Bottom Performers	Price	Daily change	52-week high / low
Continental AG*	90.96	-1.32%	110.24 / 52.75
General Motors	26.14	-1.21%	33.75 / 19.00
Tower International	13.04	-1.06%	18.33 / 9.45
Hyundai Motor*	27.95	-1.06%	38.25 / 24.00
Lear	45.79	-0.63%	54.90 / 35.60

» Check the latest automotive stock listings

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MORE HEADLINES

Former Chrysler boss LaSorda named CEO at Fisker

In UAW speech, Obama hits GOP over auto bailout

Fiat-Chrysler looking for partners, Marchionne says

Sonic says 'playbook' strategy helped Q4 new-vehicle unit sales rise 15%

U.S. probing dealer, congressman Vern Buchanan on campaign finances

VW seeks U.S. gains at expense of former 'role model' Honda

Volvo moves upscale with V40 hatchback

Mark LaNeve, former GM marketing boss, resigns Allstate post

Federal-Mogul posts loss after $304 million in one-time charges

Former Ford exec Richards promoted by automotive software firm

Kia's luxury K9 seems bound, eventually, for U.S.

RICK KRANZ: Kia has taken the wraps off a sporty rear-wheel-drive luxury sedan that will go on sale this spring in Korea. The car will be the biggest, most luxurious car ever produced by the Korean automaker. The car is expected to be aimed at BMW and Mercedes-Benz. ...

Read the blog Published: Feb 28 4:16 pm U.S. Eastern time

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