rorty:::tort: DAILY: Auto sales forecast to rise 6% to 14% in March | Opel to submit turnaround plan that may close 2 plants

DAILY NEWSLETTER

March 22, 2012

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March U.S. auto sales forecast to rise 6% to 14%

DETROIT (Reuters) -- U.S. new-vehicle sales in March are expected to rise 6 to 14 percent from last year due to strong demand in the retail market, according to reports today.
Total sales in March are projected to finish at 1,372,400 cars and light ... >> story Published: Mar 22 10:06 am U.S. Eastern time / Last changed: 3/22/12 11:22 am ET

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Opel to submit turnaround plan that may close 2 plants, sources say

FRANKFURT (Reuters) - General Motors' Opel managers will present a business plan next Wednesday to the unit's board that likely will involve reducing capacity by some 30 percent through the closure of two car plants in Europe, sources said on Thursday.
>> story Published: Mar 22 3:41 pm U.S. Eastern time

Toyota won't market low-end cars to chase volume, CEO says

TOKYO -- Toyota Motor Corp. has no intention of offering ultra-cheap cars to boost sales in emerging markets and will keep its focus on customers who expect a certain level of reliability, the company's president, Akio Toyoda, said on Thursday.
>> story Published: Mar 22 5:34 am U.S. Eastern time / Last changed: 3/22/12 7:16 am ET [REG]

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... Auto stocks tumble as Dow, S&P 500 fall for 3rd-straight day ... Japan's "Big Three" among the few gainers ... Denso is sole rising supplier ...

	Price	Daily change	52-week high / low
General Motors	25.05	-0.95%	33.47 / 19.00
Ford	12.32	-1.99%	16.18 / 9.05
Top Performers	Price	Daily change	52-week high / low
Nissan*	20.82	+1.12%	22.23 / 16.18
Honda*	38.83	+1.07%	41.23 / 27.52
Group 1	55.02	+0.77%	57.71 / 33.31
Toyota*	84.43	+0.56%	85.85 / 60.37
Denso*	16.54	+0.03%	18.72 / 12.86
Bottom Performers	Price	Daily change	52-week high / low
Tenneco	37.27	-4.24%	46.80 / 22.47
Hyundai Motor*	27.50	-3.17%	38.25 / 24.00
Tower International	12.21	-2.86%	18.33 / 9.45
American Axle	11.51	-2.62%	13.44 / 6.77
TRW Automotive	45.71	-2.33%	60.36 / 28.85

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