DAILY: Stronger N. American pricing drives GM's Q1 results | Ford says Faurecia will acquire interiors business in Mich. | BMW, Hyundai in engine cost-sharing talks, report says

DAILY NEWSLETTER May 3, 2012

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Stronger N. American pricing drives GM's first-quarter results Net profit drops to $1B on Europe woes while revenue rises 4% to $37.8B DETROIT -- General Motors today posted sharply higher first-quarter profits in North America thanks to stronger pricing, which helped to blunt continued troubles in Europe. GM's $1.0 billion net profit for the January-March period was driven by a 35 ... >> story  Published: May 3 7:34 am U.S. Eastern time / UPDATED: 5/3/12 3:25 pm ET -- more details added Advertisement CUDL is your connection to 900 credit unions and 28 million members. Reach pre-approved credit union members through the CUDL system; access lenders with competitive options for credit-challenged buyers. Sell more cars with CUDL. Click to learn more. Ford says Faurecia will acquire interiors business in Mich. DETROIT -- Ford Motor Co. said today Faurecia SA, one of Europe's largest auto suppliers, agreed to buy Ford's interior parts business, based at a factory in Saline, Mich., for an undisclosed amount. The Saline site near Ann Arbor, Mich., has $1.1 ... >> story  Published: May 3 10:35 am U.S. Eastern time / UPDATED: 5/3/12 1:03 p.m. ET - UAW details added BMW and Hyundai in engine cost-sharing talks, report says FRANKFURT (Reuters) -- BMW is in talks with Hyundai to help shoulder the 1-2 billion euros ($1.3-2.6 billion) in costs of developing new engine families, according to a German industry newsletter. Hyundai Chairman Chung Mong-koo's son and heir ... >> story  Published: May 3 1:06 pm U.S. Eastern time [REG] Follow Automotive News

... Auto shares fall along with indexes ... Tower raises outlook; stock soars ... GM falls, Lear and BMW rise on Q1 reports ... Price Daily change 52-week high / low General Motors 22.37 -2.44% 33.47 / 19.00 Ford 10.92 -1.62% 15.56 / 9.05 Top Performers Price Daily change 52-week high / low Tower International 11.82 +14.20% 18.33 / 9.45 Lear 41.65 +1.66% 54.90 / 35.60 BMW* 31.49 +1.52% 35.30 / 19.13 Volkswagen* 34.79 +1.28% 39.43 / 21.88 AutoNation 35.22 +0.80% 41.55 / 30.46 Bottom Performers Price Daily change 52-week high / low Tenneco 30.78 -5.00% 46.80 / 22.47 Tesla 32.46 -4.36% 39.95 / 21.50 American Axle 9.57 -3.82% 13.08 / 6.77 CarMax 30.43 -3.76% 35.17 / 22.77 Dana 14.01 -3.45% 19.00 / 9.45 » 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 Analysts, investors weigh in on GM earnings   Renault-Nissan to take control of Russia's AvtoVAZ   Average mpg of new U.S. vehicles bought in April declines, report says   Marchionne eulogizes Dan Knott   Strong China, U.S. demand fuels BMW Q1 earnings rise   BMX X1 invades U.S. this fall priced at $31,545   Ford eyes Indonesia to boost Asia output, sales   Tougher fuel-economy standards may cut gas-tax collections by $57B, study says   Lear's Q1 net income drops, but business grows   Tower reports small loss as revenue grows     Christina Rogers covers VW and regulatory/legislative issues for Automotive News. How Hyundai is using safety feature in marketing This week, Hyundai Motor sent out a press release to trumpet the fact that for now on, all its models will be equipped with brake-throttle override technology. According to Automotive News’ archives, Hyundai has offered this technology on its vehicles since as far back as 2010 -- the first time federal regulators started making noise about requiring it. ...  Read the blog  Published: May 3 4:11 pm U.S. Eastern time

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