DAILY: Marchionne sees 'painful' downsizing moves for European automakers | Mercedes to drop R class in U.S. | Nissan to resurrect Datsun brand

DAILY NEWSLETTER March 20, 2012

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Marchionne sees 'painful' changes ahead for European carmakers BRUGES, Belgium –- Fiat-Chrysler Group CEO Sergio Marchionne said a 'painful' restructuring is needed for European carmakers, including plant closures and job cuts, to end losses in the region. "It has to be painful when you are talking about ... >> story  Published: Mar 20 9:49 am U.S. Eastern time [REG] Advertisement CUDL is behind more solutions that help dealers drive more sales and profits. You know CUDL as the largest credit union financing platform serving 900 credit unions and 28 million members – discover other ways that your dealership can sell more cars this quarter with CUDL. Click to learn more. Mercedes-Benz to drop R-class wagon in U.S. Mercedes-Benz will drop the slow-selling R-class wagon from its U.S. lineup after the 2012 model year. But the German automaker will continue to build the R class at its plant in Alabama for export to other markets. Mercedes dealers sold 293 copies ... >> story  Published: Mar 20 11:31 am U.S. Eastern time / Last changed: 3/20/12 11:48 a.m. ET Nissan revives Datsun brand for emerging markets CEO Ghosn says Datsun will be 'generous car' Editor's note: An earlier version of this story overstated the number of dealerships Nissan plans to operate in Indonesia. JAKARTA (Reuters) -- Nissan Motor Co. is reviving the Datsun brand to target increasing sales in Indonesia, ... >> story  Published: Mar 20 7:02 am U.S. Eastern time / Last changed: Corrected 3/20/12 1:05 p.m. ET Follow Automotive News

... Shares in automakers, suppliers lose ground as major indexes slip on concerns over China's economic growth ... Retailers, led by Lithia and Sonic, among industry's gainers for Tuesday ... Price Daily change 52-week high / low General Motors 25.10 -1.16% 33.47 / 19.00 Ford 12.55 -0.63% 16.18 / 9.05 Top Performers Price Daily change 52-week high / low Lithia 25.53 +0.99% 27.51 / 13.57 Sonic 18.03 +0.73% 18.72 / 10.11 AutoNation 35.16 +0.39% 41.55 / 30.46 Penske 24.52 +0.20% 25.90 / 14.87 Visteon 54.00 +0.02% 71.00 / 38.32 Bottom Performers Price Daily change 52-week high / low Volkswagen* 32.31 -5.36% 39.43 / 21.88 BMW* 30.05 -5.26% 35.30 / 19.13 TRW Automotive 45.60 -3.92% 60.36 / 28.85 Hyundai Motor* 28.50 -3.23% 38.25 / 24.00 Tenneco 37.92 -3.17% 46.80 / 22.47 » 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 Dodge to pitch Durango Special Service police vehicle   For luxury automakers, China's allure fades as discounts spread   China's auto sales to miss growth target in 2012, trade group warns   Ford names new head of U.S. government affairs   Mediator will try to settle Chrysler's 'Imported from Detroit' trademark case     Jamie LaReau covers auto dealers for Automotive News Colorado dealers' recruiting plight reflects that of many U.S. dealers Dealers in Colorado are hungry for hired help. So hungry that for the first time, the Colorado Automobile Dealers Association will run a career fair at this year's Denver Auto Show. ...  Read the blog  Published: Mar 20 4:10 pm U.S. Eastern time Luca Ciferri is Automotive News Europe's chief correspondent Despite economic woes, Europe isn't yet a cheap car market New-car sales in Europe are expected to decline about 5 percent to 7 percent this year, but they are off to an even worse start in the first two months. ...  Read the blog  Published: Mar 20 12:01 am U.S. Eastern time

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