DAILY: Mercedes will need less time to make cars, Bernhard says | Honda to build Fit in Mexico for U.S. market | Young adults are less interested in driving, study says

DAILY NEWSLETTER March 29, 2012

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Mercedes will need less time to make cars, Bernhard says KECSKEMET, Hungary -- Mercedes-Benz is restructuring its global production network to cut the average production time for its models to 30 hours by 2015 from 43 in 2008. "We have increased productivity by 2 percent a year over the last few years. We ... >> story  Published: Mar 29 9:28 am U.S. Eastern time [REG] Advertisement Castle Auto Featured at Automotive Social Media Summit Creating a Truly Digital Dealership - Many dealers struggle with the "Digital World" of today's customers. Joe Castle, CEO of Castle Auto learned that success required turning his dealerships upside down. Joe will let you in on his secrets restructuring across the organization to effectively become a truly digital dealer. For more info visit www.tlsummits.com Honda to build Fit in Mexico for U.S. market TOKYO -- Honda Motor Co. has confirmed it will build its Fit small car at its new plant in Mexico for export to the United States and other markets, as it expands its local production footprint to combat the Japanese yen's profit-eating strength. >> story  Published: Mar 29 7:32 am U.S. Eastern time / UPDATED: 3/29/12 9:59 am ET - sales stats added Young adults are less interested in driving, study says More young adults would rather surf the Web than cruise around in a car, researchers at the University of Michigan said in a study. >> story  Published: Mar 29 1:24 pm U.S. Eastern time Follow Automotive News

... Auto stocks mixed as Dow inches ahead ... Ford, GM among the gainers ... VW posts biggest decline ... Price Daily change 52-week high / low General Motors 25.31 +0.64% 33.47 / 19.00 Ford 12.50 +1.46% 16.18 / 9.05 Top Performers Price Daily change 52-week high / low Hyundai Motor* 30.25 +6.14% 38.25 / 24.00 Lithia 26.57 +2.19% 27.51 / 13.57 Ford 12.50 +1.46% 16.18 / 9.05 Lear 46.46 +1.40% 54.90 / 35.60 Tower International 12.45 +0.97% 18.33 / 9.45 Bottom Performers Price Daily change 52-week high / low Volkswagen* 31.48 -3.38% 39.43 / 21.88 Honda* 38.25 -1.49% 41.23 / 27.52 Tesla 37.33 -1.37% 39.95 / 21.50 BMW* 29.25 -1.35% 35.30 / 19.13 Magna 47.78 -1.32% 54.44 / 30.03 » 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.   PHOTO GALLERY Shelby 1000 Based on the Ford Mustang Shelby GT500, the street version of the Shelby 1000 will crank out 950 hp. By comparison, the production 2013 Mustang Shelby GT500 is rated at 650 hp. Want more? Shelby American says a non-street-legal version of the car, the Shelby 1000 S/C, will make more than 1,100 hp. Both versions of the Shelby 1000 run a supercharged Ford 5.4-liter V8. The street version uses a Kenne Bell unit, while the track car is fitted with a Whipple blower. >> Photo Gallery   MORE HEADLINES Acura drops a V-6 in the redesigned RDX   Mercedes will build a coupe-styled 4-door car at new Hungary plant   A123 may struggle to raise funds after battery recall, analyst warns   Opel says union talks over restructuring to continue      OBITUARIES   Jack Montgomery Sr. dead at 86 Jack Montgomery Sr., who worked for Oldsmobile for 30 years, died Feb. 29. He was 86. He started as a district manager and eventually became a business management manager. He worked in the Boston and Memphis zones. >> story  Published: Mar 29 1:14 pm U.S. Eastern time Death knell for the navi? MIKE COLIAS: When I bought a new vehicle last year, I politely passed on the navigation system. I figured it wasn't worth an extra two grand or so when I could buy a GPS system for one-tenth as much. ...  Read the blog  Published: Mar 29 3:06 pm U.S. Eastern time Jamie LaReau covers auto dealers for Automotive News. Hand-free or not, a distraction is a distraction I recently ignored my friends’ phone calls for 45 minutes. I wasn’t trying to be rude, but I was driving. ...  Read the blog  Published: Mar 29 10:56 am U.S. Eastern time

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