rorty:::tort: DAILY: GM retiree group rips plan to unload pension plan | NHTSA deepens probe of Chevy SUV door fires | Fiat to boost Chrysler stake to nearly 62%

DAILY NEWSLETTER

June 15, 2012

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GM retiree group rips plan to unload pension plan

A group representing General Motors’ salaried retirees has sharply criticized GM’s plan to replace their pensions with an annuity handled by an insurance company. ... >> story Published: Jun 15 3:38 pm U.S. Eastern time

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NHTSA deepens probe of Chevy SUV door fires

Federal safety regulators have intensified a probe into possible driver-side door fires in some 2006 and 2007 model-year Chevrolet Trailblazer sport utility vehicles. ... >> story Published: Jun 15 10:47 am U.S. Eastern time / UPDATED: 6/15/12 1:08 pm ET - Nissan SUV probe requested

Fiat to boost Chrysler stake to nearly 62%, Marchionne says

Fiat plans to pay less than $253 million to increase its stake in Chrysler by 3.3 percentage points to 61.8 percent, Fiat CEO Sergio Marchionne said today. Fiat has an option to buy a 3.3 percent stake in Chrysler from a retiree health care trust affiliated with the UAW beginning in July. ... >> story Published: Jun 15 11:47 am U.S. Eastern time

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IBM's Institute for Business Value: 2012 CEO Study Webinar
JUNE 27
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MORE HEADLINES

Jeep counts on 3 new SUVs to spark sales surge in Europe

Chrysler scraps Sat. overtime shift at minivan plant

Marchionne cuts $632 million from Fiat's European investments

U.S. considering auto parts action versus China

2 Elantra variants priced under $20,000

Heart surgery on VW's 'Little Darth Vader' deemed a success

Ford pledges to cut energy used to build vehicles 25% by 2016

Road & Track moving to Michigan from California

Lincoln hires former BMW, GM public relations exec Kowaleski

Dustin Walsh covers auto suppliers for Crain's Detroit Business, an affiliate of Automotive News.
Why there's still hope for A123 Systems
Talk to any advanced-battery expert, and they will tell you: The current generation of lithium-ion technology is not fit to launch the electric vehicle revolution. The batteries are too expensive, they require large and expensive thermal management systems and often fail under extreme temperatures. ...

Read the blog Published: Jun 15 11:06 am U.S. Eastern time

Toyota toys with childish new concept car
HANS GREIMEL: In case you missed it, Toyota is “toying” with a new electric concept vehicle for a younger demographic. Real young. In fact, Toyota unveiled the three-seat Camatte concept car this week at the Tokyo Toy Show to better target it hypothetical market –- children and their well-heeled parents. ...

Read the blog Published: Jun 15 7:46 am U.S. Eastern time

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