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Friday, April 27, 2012

DAILY: GM names Dell exec to lead infotainment, OnStar | Daimler extends Bernhard's contract until 2018 | Ford shares fall 2.3% after Q1 report

DAILY NEWSLETTER April 27, 2012
 
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GM names Dell exec to lead infotainment, OnStar
image DETROIT -- General Motors appointed a Dell Inc. executive to a newly created post to oversee its OnStar and infotainment divisions.
Mary Chan has been named vice president in charge of global connected consumers, GM said today. Since 2009, Chan has ...
>> story  Published: Apr 27 2:30 pm U.S. Eastern time
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Daimler extends Bernhard's contract until 2018
image FRANKFURT (Reuters) -- Daimler extended the contract of Mercedes-Benz Cars production boss Wolfgang Bernhard another five years in a move that was widely expected.
"This management continuity is important for the ongoing consistent implementation of ...
>> story  Published: Apr 27 6:16 am U.S. Eastern time [REG]

Ford Q1 earnings fall on overseas losses; North America improves
Shares fall 2.3 percent
imageDETROIT -- Ford Motor Co. posted a decline in first-quarter earnings, strained by losses in Europe and Asia while North American profits rose.
The company reported pre-tax operating profit of $2.3 billion, down $544 million from the first quarter of ...
>> story  Published: Apr 27 7:10 am U.S. Eastern time / UPDATED: 4:17 pm ET - closing stock price added
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  • Price Daily change 52-week high / low
    General Motors 23.53 -0.80% 33.47 / 19.00
    Ford 11.60 -2.27% 15.87 / 9.05
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    TRW Automotive 47.21 +5.76% 60.36 / 28.85
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    Tenneco 36.09 +2.18% 46.80 / 22.47
    Visteon 51.54 +2.06% 71.00 / 38.32
    Bottom Performers Price Daily change 52-week high / low
    American Axle 10.18 -5.48% 13.44 / 6.77
    Superior Industries 18.10 -2.32% 25.62 / 14.17
    Ford 11.60 -2.27% 15.87 / 9.05
    General Motors 23.53 -0.80% 33.47 / 19.00
    Dana 14.68 -0.47% 19.00 / 9.45
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    JOHN K. TEAHEN, JR.
    As industry creeps back, America shrugs off high gas prices
    image The first quarter is history, and it was indeed a fine three months. Total sales of 4.4 million and March deliveries of 1,669,141. A bellringer year in the making.
    Just one minor problem. The figures quoted are for the first quarter of 2000, not the first quarter of 2012, and 2000 was the best sales year in the history of the U.S. auto industry with sales of 17.4 million cars and light trucks.
    Comparing 2000 and 2012, quarterly sales this year were 3,467,389, down 21 percent, and March sales of 1,404,623 were down 16 percent.
    >> Read the column  Published: Apr 27 1:06 pm U.S. Eastern time


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