rorty:::tort: DAILY: GM says it will stop advertising on Facebook | A123 battery maker exploring 'strategic alternatives'

DAILY NEWSLETTER

May 15, 2012

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GM says it will stop advertising on Facebook

DETROIT -- General Motors will stop advertising on Facebook, citing the ineffectiveness of the paid ads, The Wall Street Journal reported today.
A GM spokesman confirmed the newspaper's report, according to Reuters. The move comes days ... >> story Published: May 15 3:52 pm U.S. Eastern time

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A123 sees battery production constraints for several quarters
Company also exploring 'strategic alternatives'

DETROIT (Reuters) -- Lithium ion battery maker A123 Systems expects production capacity to be constrained over the next several quarters as it recovers from a recall of defective battery packs that were a major factor in its record quarterly loss.
>> story Published: May 15 11:03 am U.S. Eastern time / UPDATED: 5/15/12 4:41 pm ET - Adds more details

HAROLD 'RED' POLING 1925-2012
Former Ford CEO Red Poling dead at 86

DETROIT -- Harold "Red" Poling, the CEO who helped revive Ford Motor Co. after steering the automaker through the recession of the early 1990s, died on Saturday in Pacific Grove, Calif. He was 86.
"Red Poling was an extraordinary leader who had a ... >> story Published: May 15 11:55 am U.S. Eastern time / UPDATED: 5/15/12 2:50 pm ET - more history added

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... Most auto shares fall as markets slip again ... Suppliers Tower, TRW hit hardest ... Retailers Lithia, Penske, Asbury among the few gainers ...

	Price	Daily change	52-week high / low
General Motors	21.42	-0.97%	32.08 / 19.00
Ford	10.15	-1.65%	15.32 / 9.05
Top Performers	Price	Daily change	52-week high / low
Superior Industries	16.80	+2.38%	22.71 / 14.17
Lithia	24.53	+1.24%	27.99 / 13.57
Penske	25.39	+0.59%	27.58 / 14.87
Asbury	25.84	+0.31%	29.62 / 14.96
Group 1	52.11	-0.04%	59.97 / 33.31
Bottom Performers	Price	Daily change	52-week high / low
Tower International	12.06	-6.07%	18.33 / 9.45
TRW Automotive	39.79	-4.10%	60.36 / 28.85
Dana	13.24	-3.07%	19.00 / 9.45
American Axle	9.16	-2.76%	13.08 / 6.77
Nissan*	19.01	-2.69%	22.23 / 16.18

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Red Poling's charity efforts raised millions of dollars

FROM OUR ARCHIVES: T- Bird/Cougar ex-boss reviews development woes -- published 6/26/89

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Poling's plaque: What part of 'no' don't you understand?
DAVID SEDGWICK: Red Poling was not a sentimental guy. I first met him in the Glass House in 1990, shortly after he succeeded Don Petersen as CEO of Ford Motor Co. The first thing I noticed was a plaque on his desk: “What part of ‘no' don't you understand?” ...

Read the blog Published: May 15 4:22 pm U.S. Eastern time

Riviera redux at Buick?
GREG MIGLIORE: The Riviera name may be poised for a comeback at Buick. At least GM isn't shutting the door completely. GM renewed the trademark on the "Riviera" name, which had lapsed, on May 3, according to the Patent and Trademark Office. ...

Read the blog Published: May 14 12:01 am U.S. Eastern time

Paul McVeigh is managing editor at Automotive News Europe.
Will the Chevy Trax add to Opel's woes?
On the day that Opel workers demonstrated against potential plant closures and job losses, Chevrolet's announcement that it will launch a new subcompact SUV called the Trax might be seen as adding insult to injury. ...

Read the blog Published: May 15 12:01 am U.S. Eastern time

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