DAILY: Ally CEO hopes mortgage unit bankruptcy boosts auto business | Automakers boost incentives for military personnel | Opel may build Chevy cars and seek new allies beyond PSA

DAILY NEWSLETTER May 14, 2012

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Ally's mortgage unit bankruptcy could boost its auto business CEO Carpenter wants to lower borrowing costs NEW YORK -- It should be good news for Chrysler Group and GM dealers in the United States if Ally Financial can divorce itself once and for all from its troubled ResCap mortgage subsidiary. >> story  Published: May 14 7:46 am U.S. Eastern time / UPDATED: 5/14/12 2:44 pm ET - Carpenter interview added Advertisement Steel You Can Trust With our metallurgical and application expertise, Timken® ranks as one of the world's foremost manufacturers of seamless alloy mechanical steel tubing. Timken works with customers to meet the toughest specs for the widest range of automotive applications. Get the process started today at timken.com/steel. Timken® Where you turn® Ford, Chrysler boost incentives for armed forces members GM also offers 'honor badge' to military buyers DETROIT -- As the nation prepares to observe Memorial Day on May 28, Ford Motor Co. and Chrysler Group are offering military personnel additional incentives when they buy new vehicles. The Ford Military Appreciation Sale, available to active duty ... >> story  Published: May 14 1:07 pm U.S. Eastern time GM-PSA ALLIANCE Opel may build Chevy cars and seek new allies beyond PSA, CEO says FRANKFURT -- General Motors' European unit, Opel/Vauxhall, is open to alliances beyond that with PSA/Peugeot-Citroen and could build a Chevrolet model to take up excess capacity and help it return to profit. Opel CEO Karl-Friedrich Stracke told ... >> story  Published: May 14 8:27 am U.S. Eastern time [REG] Follow Automotive News

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... Nearly all auto stocks fall as Dow drops 125 points ... Tesla declines as oil prices continue to plummet ... Gentex is only U.S. auto-related stock to rise ... Price Daily change 52-week high / low General Motors 21.62 -1.73% 32.08 / 19.00 Ford 10.32 -2.46% 15.34 / 9.05 Top Performers Price Daily change 52-week high / low Hyundai Motor* 30.85 +1.98% 38.00 / 24.00 Gentex 22.51 +0.09% 32.21 / 20.69 Johnson Controls 31.75 -0.24% 42.92 / 24.29 Continental AG* 88.65 -0.28% 110.24 / 52.75 AutoNation 34.85 -0.49% 41.55 / 30.46 Bottom Performers Price Daily change 52-week high / low Tesla 30.06 -6.79% 39.95 / 21.50 Tower International 12.87 -4.88% 18.33 / 9.45 BMW* 27.45 -4.69% 35.30 / 19.13 Lithia 24.22 -3.62% 27.99 / 13.57 Group 1 52.15 -3.32% 59.97 / 33.31 » 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 GM's Akerson interested in buying Ally’s international operations   Chevy plans new global crossover, but not for U.S.   The auto industry remembers Carroll Shelby   Porsche drops plan for entry-level model, CEO says   China automakers look overseas as local slowdown frees capacity   NHTSA checks 2012 Hyundai Elantras after airbag incident   Nissan's profits drop in North America despite sales gains   BMW shows off first look at redesigned 3-series wagon   Brose to aquire former Mopar plant in Michigan     BMW's Willisch on keeping luxury crown: 'We're quite confident' Eight months into his tenure as CEO of BMW North America, Ludwig Willisch has three main priorities. In addition to retaining BMW's U.S. luxury sales crown, Willisch is aiming to top other automakers in the area of customer satisfaction. ...  View the video  Published: May 14 12:01 am U.S. Eastern time  OBITUARIES   Obituary Information about Fred Hoadley, who worked for many years in design modeling services at Ford Motor Co. >> story  Published: May 14 12:01 am U.S. Eastern time Mark Rechtin is West Coast editor of Automotive News. Fisker fires back, refutes expert's theory on garage blaze On Thursday, EV expert Jon Bereisa suggested to me that the Fisker Karma's cramped engine-bay packaging could have created conditions that led to a Texas garage fire that destroyed an owner's Karma. Now Fisker Automotive has fired back, refuting Bereisa's speculation in a detailed statement to Automotive News. ...  Read the blog  Published: May 12 4:59 pm U.S. Eastern time Bradford Wernle covers Ford for Automotive News Ford's blue oval goes dark and draws some coveted coastal eyeballs Ford may be one of the oldest brands in the history of the automotive business, but the automaker's top global marketing chief says it's a “challenger brand in the U.S.” these days. That's why, in Jim Farley's view, Ford has to try some unconventional tactics to get noticed, particularly by consumers in U.S. coastal areas who have overwhelmingly preferred import car brands for decades. ...  Read the blog  Published: May 14 4:30 pm U.S. Eastern time Kia readies new minivan after Sedona exits in 2013 RYAN BEENE: Kia has dropped its Sedona minivan for the 2013 model year, but the company said it expects to return to the segment. Kia spokesman James Hope confirmed the Sedona's departure. He said Kia likely will field another people mover but he declined to say when or what it might look like. ...  Read the blog  Published: May 14 12:01 am U.S. Eastern time How speed kept Carroll Shelby alive an extra 50 years JESSE SNYDER: Carroll Shelby finally lost the grudge match against his own human frailty. His heart gave out in his thirties. He should have died in the '50s when he was racing Aston Martins in Europe, popping nitro glycerin capsules under his tongue each race. But he didn't die -- not for another half-century. ...  Read the blog  Published: May 11 8:14 pm U.S. Eastern time

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