DAILY: Young U.S. drivers know risks, but text anyway, survey says | GM international unit hires sales exec Barnes from VW | Ford beefing up China dealer network

DAILY NEWSLETTER May 8, 2012

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Survey: Young U.S. drivers know risks, but text anyway DETROIT (Reuters) -- Most young American drivers agree that it is dangerous to text while driving, but nearly a third admit they do it anyway, a survey by Consumer Reports shows. While eight in ten said they knew of the risks, about 29 ... >> story  Published: May 8 8:39 am U.S. Eastern time / UPDATED: 5/8/12 3:55 pm ET - LaHood comments on Ala. law Advertisement Audi Presenting at the TLS Automotive Social Media Summit Conversation to Cultivation – Word of mouth has always been important and Social Media has magnified its value - increasing the significance of cultivating fans. Loren Angelo, GM – Brand Marketing will explain how Audi has activated its fan base using Social and describe the benefits of cultivating followers into fans. For more info visit www.tlsummits.com. GM international unit hires sales exec Barnes from VW DETROIT -- General Motors today hired veteran sales executive Mark Barnes away from Volkswagen and installed him as GM's top sales executive in charge of China and other overseas markets. Barnes, 52, was named vice president of sales, marketing and ... >> story  Published: May 8 11:45 am U.S. Eastern time / UPDATED: 5/8/12 4:42 pm ET adds Hyundai background Ford beefing up China dealer network DETROIT -- Ford Motor Co. is beefing up its dealer network in China as it pushes hard to catch up with rivals such as Volkswagen AG and General Motors. Ford plans to add about 110 dealers this year in China, similar to the number it added last year, ... >> story  Published: May 8 2:17 pm U.S. Eastern time Follow Automotive News

... Tower rises during during down day on Wall Street ... Tesla falls 7% as oil prices continue to plummet ... Dow drops 76 points ... Price Daily change 52-week high / low General Motors 22.23 -0.80% 32.08 / 19.00 Ford 10.61 -0.47% 15.35 / 9.05 Top Performers Price Daily change 52-week high / low Tower International 11.05 +2.60% 18.33 / 9.45 Dana 13.81 +0.80% 19.00 / 9.45 Gentex 23.36 +0.73% 32.21 / 20.69 Johnson Controls 31.77 +0.67% 42.92 / 24.29 Nissan* 19.52 +0.36% 22.23 / 16.18 Bottom Performers Price Daily change 52-week high / low Tesla 30.19 -7.02% 39.95 / 21.50 Asbury 25.64 -3.97% 29.62 / 14.96 BMW* 29.48 -3.47% 35.30 / 19.13 Group 1 52.27 -2.90% 59.97 / 33.31 Penske 25.68 -2.39% 27.58 / 14.87 » 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 Ford says parts shortages curtail Ranger output in Asia   Investigators probe whether a Fisker Karma caused Texas house fire   Opel restructuring deal may come in 2-3 months, labor chief says   U.S. highway deaths fall 1.7%, drop for 6th year   Subaru parent signals plans to boost North American capacity   Google gets first self-driven car license in Nevada   BMW on track for record full-year car sales after April gains   Toyota to boost Kentucky engine output with $30 million expansion     Selling Chryslers in Iraq Former Chrysler sales chief Gary Dilts and Shakir Alkhafaji are co-owners of the only two Chrysler dealerships in Iraq. They tell Automotive News TV's Leslie Allen how the venture got started and some of the challenges they face running a business in a danger zone. ...  View the video  Published: May 8 12:01 am U.S. Eastern time Christina Rogers covers VW and regulatory/legislative issues for Automotive News. Romney takes credit for auto rebound and critics howl Mitt Romney lobbed a bomb Monday. And today he felt the political blowback. The Republican presidential candidate who vehemently opposed the government-led bailouts of Chrysler and General Motors three years ago, went on a Cleveland TV station Monday to take credit for the auto industry’s turnaround. ...  Read the blog  Published: May 8 3:46 pm U.S. Eastern time Jamie LaReau is a staff reporter for Automotive News. Time for old automakers to make a progressive move with a female CEO Mary Barra is GM’s global product development chief and CEO Dan Akerson has specifically named her as a candidate to succeed him. While Akerson has not announced his exit from GM yet, I commend him for publicly stepping forward to introduce the notion of a woman heading an automaker in this male-dominated industry. ...  Read the blog  Published: May 8 12:48 pm U.S. Eastern time David Sedgwick is a Senior Writer for Automotive News Cooperation is best solution to material shortages Increasingly, automakers are finding themselves in a Darwinian competition for raw materials with other industries. Over the past couple of years, automakers and suppliers have been whipsawed by spot shortages caused in part by fluctuating demand in other industries. ...  Read the blog  Published: May 8 12:01 am U.S. Eastern time

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