rorty:::tort: DAILY: GM needs Europe fix with Opel losses undercutting U.S. recovery | Chrysler's sales gains mean less summer break time | Ford working with Faurecia to create minority supplier JV

DAILY NEWSLETTER

May 2, 2012

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GM needs Europe fix with Opel losses undercutting U.S. recovery

DETROIT (Bloomberg) -- General Motors Co. will probably report that losses in Europe for the first quarter led to a decline in profit, raising pressure to find a solution for the unit that is undercutting the company's U.S. recovery.
GM would report ... >> story Published: May 2 1:39 pm U.S. Eastern time

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Chrysler's success means less summer break time

DETROIT (Reuters) -- Chrysler Group LLC's success in increasing auto sales this year will cause four of its North American assembly plants to forego the normal two-week summer shutdown this year, the ... >> story Published: May 2 2:31 pm U.S. Eastern time

Ford working with Faurecia and Rush Group to create minority supplier JV
DETROIT -- Ford Motor Co. is orchestrating a deal to create one of the auto industry's largest minority-owned suppliers, Crain's Detroit Business, an affiliate of Automotive News, reported today on its Web site.
A source familiar ... >> story Published: May 2 3:53 pm U.S. Eastern time

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... Visteon drops after posting second consecutive quarterly loss ... GM down with Q1 report due Thursday ... Gentex top gainer ...

	Price	Daily change	52-week high / low
General Motors	22.93	-1.63%	33.47 / 19.00
Ford	11.10	-1.16%	15.69 / 9.05
Top Performers	Price	Daily change	52-week high / low
Gentex	22.88	+2.10%	32.21 / 20.69
CarMax	31.62	+2.03%	35.17 / 22.77
BorgWarner	81.75	+1.87%	87.45 / 54.59
Asbury	28.45	+0.92%	29.62 / 14.96
Tower International	10.35	+0.88%	18.33 / 9.45
Bottom Performers	Price	Daily change	52-week high / low
BMW*	31.02	-3.03%	35.30 / 19.13
Visteon	48.83	-2.77%	71.00 / 38.32
Lear	40.97	-2.15%	54.90 / 35.60
General Motors	22.93	-1.63%	33.47 / 19.00
Ford	11.10	-1.16%	15.69 / 9.05

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MORE HEADLINES

GM proposed taking over one-third of Isuzu, source says

Mercedes leads BMW in U.S. luxury sales after 24% April gain

Visteon posts Q1 loss, cuts annual revenue outlook

Volvo says China expansion on track as profit drops

OBITUARIES

Winfield M. Hinkley dead at 82
Winfield M. Hinkley, a longtime Ford dealer in Grand Gorge, N.Y., died April 23. He was 82. >> story Published: May 2 4:13 pm U.S. Eastern time

Jamie LaReau covers auto dealers for Automotive News
Get ready to pitch more cash-strapped buyers
If I were a finance and insurance manager, I'd mentally prepare to pitch products to more customers with a low credit rating and low income. ...

Read the blog Published: May 2 12:01 am U.S. Eastern time

Jim Henry is a special correspondent for Automotive News
Beware the tax refund come-on
A flip through online advertising confirms that some dealerships still can't resist energetic come-ons inviting consumers to put their tax refund down on a car. That could be OK for consumers who can truly afford it. ...

Read the blog Published: May 2 12:01 am U.S. Eastern time

Jesse Snyder is senior writer for Automotive News
Pare it down or beef it up?
It finally happened. Lincoln is now just a rounding error for Ford Motor Co.'s U.S. sales. In April, Ford brand sales fell 5 percent, the same percentage as FoMoCo's total. Lincoln lost 13 percent, but it's too small -- and too alone -- to affect the corporate number. ...

Read the blog Published: May 1 4:55 pm U.S. Eastern time

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