rorty:::tort: DAILY: Mazda says 107 U.S. employees agree to leave automaker | North America drives Detroit profit rebound | Ford wins dismissal of $2B judgment in commercial-truck pricing suit

DAILY NEWSLETTER

May 4, 2012

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Mazda says 107 U.S. employees agree to leave automaker

LOS ANGELES -- More than 100 Mazda employees in the United States have accepted voluntary buyouts as part of the automaker's plan to restructure its money-losing operation here.
According to documents filed with California state officials, 107 Mazda ... >> story Published: May 4 3:55 pm U.S. Eastern time / UPDATED: 5/4/12 4:35 pm ET -- more details added

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Detroit 3 turnaround: North America emerges as profit center

DETROIT (Bloomberg) -- Home was where the hemorrhaging happened three years ago when two Detroit automakers headed for bankruptcy and a third suffered record losses.
Now North America has become a money machine for the Detroit Three, which earned $4. ... >> story Published: May 4 5:34 am U.S. Eastern time

Ford wins dismissal of $2B judgment in commercial-truck pricing suit

DETROIT (Bloomberg) -- The Ohio Court of Appeals has thrown out a $2 billion award against Ford Motor Co. and ordered a new trial for a class of commercial-truck dealers who claimed the automaker overcharged them for 11 years.
The reversal of the ... >> story Published: May 4 3:12 pm U.S. Eastern time

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... Auto stocks rocked as markets reel from U.S. jobs report ... Supplier Tower tumbles after Thursday's big gain ...

	Price	Daily change	52-week high / low
General Motors	22.36	-0.04%	33.47 / 19.00
Ford	10.67	-2.29%	15.45 / 9.05
Top Performers	Price	Daily change	52-week high / low
Gentex	22.72	-0.04%	32.21 / 20.69
General Motors	22.36	-0.04%	33.47 / 19.00
American Axle	9.51	-0.63%	13.08 / 6.77
Nissan*	19.58	-0.66%	22.23 / 16.18
Toyota*	78.63	-0.74%	87.15 / 60.37
Bottom Performers	Price	Daily change	52-week high / low
Tower International	11.22	-5.08%	18.33 / 9.45
Linamar	19.34	-4.57%	22.79 / 12.67
BMW*	30.06	-4.54%	35.30 / 19.13
TRW Automotive	43.54	-3.97%	60.36 / 28.85
Lithia	25.76	-3.88%	27.99 / 13.57

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MORE HEADLINES

Ford presses change for Japan to join trade talks

U.S., German automakers push EV charging standard at odds with Nissan

Autobytel reports higher first-quarter profit, revenue on auto rebound

BMW will recall diesel models to fix emissions glitch

Audi may match 2011 profit this year, CFO says

Continental sees Q2 sales in line with Q1, CFO says

JOHN K. TEAHEN, JR.
Toyota nips at Ford for No. 2; high 5's for VW

Another month is in the bin, and it's time for the industry's "experts" to trot out their latest sales predictions for all of 2012.
It seems to happen every month, this revision of earlier predictions. You would think the experts -- both bona-fide and self-styled -- would realize the folly of projecting full-year sales on the basis of January or January-February numbers. It simply cannot be done.
General Motors recently issued a new guess. It is now saying 14 million to 14.5 million, up from an earlier estimate of 13.5 million to 14 million.
>> Read the column Published: May 4 12:29 pm U.S. Eastern time

Like Betty White, 2 Chrysler nameplates win new fans
LARRY P. VELLEQUETTE: Chrysler Group's two mid-sized sedans have become automotive versions of Betty White, picking up new fans deep into their lives. The 90-year-old White, an award-winning comedienne and accomplished actress since the 1950s, has gathered a new generation of fans over the last two years. ...

Read the blog Published: May 4 2:52 pm U.S. Eastern time

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