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Thursday, May 24, 2012

DAILY: J.D. Power raises 2012 auto sales outlook to 14.5M | Fiat may expand Chrysler stake by buying shares from VEBA | VW's union won't lobby U.S. plant workers to join UAW

DAILY NEWSLETTER May 24, 2012
 
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J.D. Power raises 2012 auto sales outlook to 14.5M
image U.S. new-car sales could hit 14.5 million this year, an increase of 13 percent from 2011, as an improving economy makes consumers more confident about buying cars, industry consultants J.D. ... >> story  Published: May 24 12:46 pm U.S. Eastern time / UPDATED: 5/24/12 2:22 pm ET - adds more background
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Fiat may expand Chrysler stake by buying shares from VEBA
image There is a "better than 50 percent chance" that Fiat will increase its stake in Chrysler Group in July, CEO Sergio Marchionne said today. ... >> story  Published: May 24 3:14 pm U.S. Eastern time / UPDATED: 5/24/12 4:04 pm ET - updated version

VW's union won't lobby U.S. plant workers to join UAW
imageA top German union official will explain to hourly employees at Volkswagen's U.S. plant in early June that his group will not pressure them to join the UAW, the automaker's top labor representative said today. ... >> story  Published: May 24 4:15 pm U.S. Eastern time
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     OBITUARIES
     Wally Lowenfield dead at 84
    Wally Lowenfield, founder of Casa Ford-Lincoln and Casa Nissan in El Paso, Texas, died March 25. He was 84. Lowenfield bought El Paso Ford in 1969 and renamed it Casa Ford. A dealership spokesman said he was on the Ford National Dealer Council for several years and was council chairman for a year. >> story  Published: May 24 2:42 pm U.S. Eastern time

    Blog
    The 102 mpg Honda Civic
    MARK RECHTIN: Every automaker is hyping fuel economy numbers on their electric or hybrid vehicles, some more fast and loose than others. So I figure I have some leeway when I say I got 102 miles per gallon from a 2012 Honda Civic. ... arrow Read the blog  Published: May 24 7:59 am U.S. Eastern time
    Blog  
    Mike Colias covers General Motors for Automotive News.
    Five reasons why GM’s Super Bowl pass is baffling
    Since GM's decision last week not to suit up for the Super Bowl next year, I’ve chatted with folks inside and outside GM. I’ve read what others think. I’ve mulled. And I still don’t get GM’s decision not to advertise during the Big Game. ... arrow Read the blog  Published: May 24 12:33 pm U.S. Eastern time
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