DAILY: Chrysler wins court challenge by dismissed Calif. dealer | Battery test explosion injures five at GM lab | U.S. auto industry generated $135B in tax revenue in 2010

DAILY NEWSLETTER April 11, 2012

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Chrysler wins court challenge by dismissed Calif. dealer DETROIT -- Chrysler Group has prevailed in its defense against a dismissed dealer suing for reinstatement after the company terminated 789 franchises during its 2009 restructuring. A federal judge in California dismissed the case brought by Star ... >> story  Published: Apr 11 2:53 pm U.S. Eastern time Advertisement Larry H. Miller Group Featured at Automotive Customer Centricity Summit Does Digital Marketing Drive Showroom Traffic? Digital enables reduced marketing spend, but is it capable of driving the traffic required to improve sales? Paul Nygaard, SVP - Marketing will share the LHM experience with Digital focusing on their strategy, tactics, and the ultimate test - "Does it sell more cars?" For more info visit www.tlsummits.com Battery test explosion injures five at GM lab DETROIT -- A battery explosion this morning in a General Motors research lab injured five people and caused a small fire along with other damage. Fire crews were called to the battery systems lab at GM's Warren Technical Center in Warren, Mich., at ... >> story  Published: Apr 11 9:43 am U.S. Eastern time / UPDATED: 4/11/12 4:32 pm ET - details added Study: U.S. auto industry generated $135B in tax revenue in 2010 DETROIT -- The auto industry generated more than $135 billion in federal and state revenue in 2010, a new report says. In a study released today by the Center ... >> story  Published: Apr 11 4:02 pm U.S. Eastern time Follow Automotive News

... Auto stocks gain as Wall Street snaps losing streak ... Retailers Lithia, Asbury, Sonic rank among day's top performers ... Price Daily change 52-week high / low General Motors 24.03 +1.35% 33.47 / 19.00 Ford 11.91 +1.02% 16.18 / 9.05 Top Performers Price Daily change 52-week high / low American Axle 11.03 +4.25% 13.44 / 6.77 Lithia 25.33 +3.51% 27.51 / 13.57 Volkswagen* 30.75 +3.43% 39.43 / 21.88 Asbury 27.33 +3.37% 28.90 / 14.96 Sonic 17.53 +3.30% 19.05 / 10.11 Bottom Performers Price Daily change 52-week high / low Hyundai Motor* 31.50 -2.33% 38.25 / 24.00 Dana 13.95 -1.76% 19.00 / 9.45 Visteon 47.56 -0.23% 71.00 / 38.32 Gentex 24.05 +0.54% 32.21 / 21.84 Johnson Controls 30.86 +0.69% 42.92 / 24.29 » 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 Ford taps digital media to pitch EVs   Saab administrators evaluate bids for carmaker   VW seeks successor to 'people's car' with Up family   Audi may announce Ducati purchase next week, sources say   BMW's March car sales break all monthly records     JOHN K. TEAHEN JR. BMW wears the 2011 true-luxury crown Comes now the time to separate the men from the boys in the luxury segment of the market. The men are the true-luxury vehicles, those with sticker prices of $45,000 or more. The boys are the near-luxury cars and light trucks. The latter are luxury units, no question about it, but they are perhaps not quite so lavishly appointed, and they take a bit less money out of a buyer's purse than their big brothers. Prices run from about $30,000 to $44,999. Why $45,000 as the dividing line? Well, when there was a federal luxury tax on cars, the threshold was $40, ... >> Read the column  Published: Apr 11 12:01 am U.S. Eastern time Philip Nussel is managing editor of autonews.com. How GM's industrial accident became an election year story Almost as soon as reports surfaced today about an explosion at GM's battery-testing lab, there was breathless discussion in the media of this being another alleged problem for the Chevy Volt plug-in hybrid. ...  Read the blog  Published: Apr 11 2:59 pm U.S. Eastern time Jim Henry is a special correspondent for Automotive News Loan extensions: Handle with care There's a loan-extension scam going around that the Federal Trade Commission says you should know about. ...  Read the blog  Published: Apr 11 12:01 am U.S. Eastern time

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