DAILY: Romney vows to shed U.S.'s GM stake promptly | Lithia eyes deals with $100M in liquidity | GM's China sales climb 21% in May

DAILY NEWSLETTER June 5, 2012

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Romney vows to sell U.S. stake in GM promptly Mitt Romney, the presumptive Republican presidential nominee, plans to quickly dispose of the federal government's remaining stake in GM, even at a loss, if he wins the November election. ... >> story  Published: Jun 5 4:33 pm U.S. Eastern time Advertisement Facebook Delivering Industry Insight at the TLS Auto Social Media Summit Successfully Leveraging Social in Automotive — Social is evolving at an incredible pace, so key to success is executing today while quickly leveraging advancements. Doug Simpson, Manager – Global Marketing will review current OEM and Dealer strategies and provide insights on what's next – with Facebook and Social Media as a whole. For more info visit www.tlsummits.com Lithia to trim costs, pursue acquisitions; sees fatter profits in 2012 Lithia Motors plans to continue trimming costs and streamlining store operations this year, while tapping $100 million in liquidity to pursue dealership acquisitions, CEO Bryan DeBoer said today at an investor conference in New York. ... >> story  Published: Jun 5 2:48 pm U.S. Eastern time VW eyes Jetta Alltrack crossover to rival Subaru Outback Volkswagen is mulling a crossover version of the future Jetta SportWagen along the lines of the recently introduced Alltrack concept. ... >> story  Published: Jun 5 11:45 am U.S. Eastern time Follow Automotive News

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 GM China sales gain 21% in May on minivans, Chevrolet demand   Ford rejected offloading pension to invest in growth, CFO says   Marchionne says 'no need' for pension buyouts   Enterprise follows Hertz into Zipcar's hourly rental niche   A123 Systems plans to hire 400 in Michigan despite car battery troubles   Supplier AGS Automotive to add 90 jobs at former BorgWarner plant in Mich.     VW's Browning: 90% of U.S. dealers profitable Volkswagen Division U.S. sales are up 36% through May. In an interview last week at Automotive News' offices, U.S. chief Jonathan Browning discussed dealer profitability, VW's lofty sales goals for 2018, and the progress of VW's Tennessee assembly plant. ...  View the video  Published: Jun 5 12:01 am U.S. Eastern time How GM plans to solve mpg puzzle on new pickups MIKE COLIAS: Ford's huge success with its EcoBoost V-6 engine on its pickups is well-documented. So GM just can't wait to match Ford with a V-6 turbo when GM's next-generation pickups roll out next year. ...  Read the blog  Published: Jun 5 3:51 pm U.S. Eastern time Lindsay Chappell is the Mid-South bureau chief for Automotive News. Why UAW organizers might make waves at Nissan To the casual observer, it looks like Nissan is back in the cross hairs of UAW organizers. The union held a worker rally over the weekend near Nissan’s big assembly plant in Mississippi, hoping to draw support to unionize the 3,300-worker factory. Workers there have given UAW organizers a cold shoulder in the past. But something else is under public scrutiny at the moment. It is regional wage discrepancy. ...  Read the blog  Published: Jun 5 2:25 pm U.S. Eastern time

WEBINARS MARKETPLACE JOB LISTINGS 5 Secrets to a Successful BDC June 5, 2 p.m. EDT Join DMEautomotive VBDC Director Wendy Woodard in a discussion surrounding the sizable impact to your bottom line that missing even just 3 service calls a day can make. Cost: FREE F&I WEEK: The Leading F&I Event of The Year! JUNE 19-21, The 2nd Annual F&I Week is designed to help you maximize F&I operations and profits, and increase customer satisfaction through live educational webinars, real time Q&A, and networking opportunities. All from the convenience of your desk! Cost: FREE IBM's Institute for Business Value: 2012 CEO Study June 27, 2 p.m. EDT IBM's CEO Study will provide unique leadership insight including automotive industry-specific perspectives on the strategic issues facing automotive organizations of all sizes. Cost: FREE Invent the Future: Transparency & Integration July 12, 2 p.m. EDT Technology is driving more transparency throughout the automotive industry, among manufacturers, dealers and consumers. Learn how this can be beneficial to both OEMs and dealers. Cost: FREE Webinar Archives Library   OEM Parts Locator and Marketing Service PartsVoice   Durability-Clarity-Cleanliness-Safety Crystal Fusion   Increase your customer paid labor and parts sales Service Advisor Training   Match Smaller Payments to Paydays. Smart Payment Plan   Web-Based Credit Application Management System   A software company dedicated to help manufacturers Apriso Corporation   Most Complete Auto Sales Solution on the Market   Confidential Site Selection Services Virginia Economic Development Partnership   LED is repositioning LA for economic success. Louisiana Economic Development   Empowering Consumers to Make Smart Buying Choices Autobytel   Electronic and no wires to test, tap or cut. The Widget F&I Regional Manager / Account Specialist: United Development Systems, Inc. Location: Unknown, SC, United States COO / F&I Director and Fixed Operations Director: Unknown Location: Chicago, IL, United States General Manager: Riverside Auto Group Location: Marquette, MI, United States Used Car Manager & Finance Manager: Rick Case Honda Cleveland Location: Cleveland, OH, United States Various Positions: Prestige Motors Location: Ramsey, NJ, United States Service Manager: Unknown Location: Unknown, MI, United States F & I Manager: Unknown Location: Unknown, MI, United States Sales Manager/Used Car Manager: Unknown Location: Alpena, MI, United States SERVICE DIRECTOR: Unknown Location: Metro, New York, United States Fixed Operations Manager (Service / Parts): Unknown Location: Portland, ME, United States

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