DAILY: LaSorda says Fisker Karma shut down to protect itself during test | U.S. auto dealers who survived debacle see record sales | Marchionne's 2011 compensation from Fiat totaled $19 million

DAILY NEWSLETTER March 15, 2012

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LaSorda: Fisker Karma shut down to protect itself during magazine's test DETROIT (Reuters) -- Fisker Automotive's new CEO said a Karma luxury sedan owned by Consumer Reports shut itself down during testing to protect itself. "The Karma performed exactly as it was designed to," Tom LaSorda said in a letter sent ... >> story  Published: Mar 15 1:34 pm U.S. Eastern time Advertisement Honda Financial Services Featured at Automotive Customer Centricity Summit Integrating Captive Finance Into the Loyalty Equation. OEMs have significantly improved customer retention over the last decade. How have captives contributed to this increased loyalty? Stephanie LeBlond, Assistant Manager - Sales & Marketing will review how Honda Financial Services is collaborating with Honda to establish a sustainable long-term loyalty strategy. For more info visit www.tlsummits.com U.S. auto dealers who survived debacle see record sales DETROIT (Bloomberg) -- Spring Chrysler-Jeep-Dodge-Ram in Houston was one of the fortunate U.S. auto dealers to have survived the industry meltdown of 2008 and 2009. “It was tough times,” Al Heggs, the dealership’s general manager, ... >> story  Published: Mar 15 10:38 am U.S. Eastern time Marchionne's 2011 compensation from Fiat totaled $19 million MILAN (Bloomberg) -- Fiat CEO Sergio Marchionne received a compensation package totaling 14.5 million euros ($19 million) in 2011, mostly in stock grants. The payment included a salary of 2.45 million euros from the Italian carmaker, according to a ... >> story  Published: Mar 15 8:49 am U.S. Eastern time [REG] Follow Automotive News

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 Fiat's new 500 hatchback spot plays off Super Bowl commercial   Fiat to discuss future in Italy with Prime Minister   GMC Terrain to offer new V-6 engine, Denali package for 2013   Ford sued for alleged fuel tank defect in F- and E-series trucks   Subaru recalls 275,000 SUVs in U.S. over seat belts   Ally to resubmit capital plan after failing U.S. stress test   Allison Transmission inches up in public debut     JOHN K. TEAHEN JR. After 2 rounds, can 2012 deliver 14 million units? Sales of new cars and light trucks have been better than lukewarm in the first two months of this year, and the hills are alive with the sound of 14 million forecasts. Maybe; maybe not. True, the seasonally adjusted annual sales rate was 15.1 million in February, but nobody expects that to continue. If the 14 million rate can be sustained, it would indeed give the industry a shot in the arm. It would be the best year since 2007, and it would be only 12.5 percent below the magic figure of 16 million the industry ... >> Read the column  Published: Mar 15 3:41 pm U.S. Eastern time Luca Ciferri is Automotive News Europe's chief correspondent GM should follow Ford, not tie up with PSA, to fix Europe problems GM's main weakness in Europe is its money-losing Opel unit, which needs radical restructuring. To make the fix, GM CEO Daniel Akerson should borrow from Ford boss Alan Mulally's strategy rather than join forces in a loose tie-up with PSA. ...  Read the blog  Published: Mar 15 12:01 am U.S. Eastern time Jamie LaReau covers auto dealers for Automotive News Smith's Goldman Sachs diatribe could be any dealer's story The op-ed by Goldman Sachs' Greg Smith in The New York Times rattled me. The overall message is important: Put a customer's needs before profits. Doing so builds trust and without trust the profits won't mean a hill of beans in any business. ...  Read the blog  Published: Mar 14 5:34 pm U.S. Eastern time

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