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Monday, July 30, 2012

DAILY: Chevy signs sponsorship deal with Manchester after Ewanick's exit | TRW Automotive unit settles U.S. price-fixing charge | Chrysler posts $436 million Q2 profit as revenue advances 23%

DAILY NEWSLETTER July 30, 2012
 
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Chevy signs sponsorship deal with Manchester after Ewanick's exit
image GM's Chevrolet brand will adorn the jerseys of England's Manchester United soccer club under a seven-year sponsorship deal with the team beginning with the 2014-15 season. ... >> story  Published: Jul 30 3:54 pm U.S. Eastern time
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TRW Automotive unit settles U.S. price-fixing charge
image A German unit of TRW Automotive Holdings has agreed to pay a $5.1 million criminal fine and plead guilty to fixing the prices of seat belts, airbags and steering wheels as part of an ongoing global antitrust investigation. ... >> story  Published: Jul 30 2:46 pm U.S. Eastern time / UPDATED: 7/30/12 3:27 pm ET - new story

Chrysler posts $436 million in 2nd-quarter profits on U.S. sales gains
Revenue advances 23% to $16.8 billion
imageChrysler Group today posted a second-quarter net profit of $436 million on strong sales of cars and light trucks. The company lost $370 million in the second-quarter of 2011, when it booked a $551 million charge to pay off its U.S. government loans. Revenue rose 23 percent to $16. ... >> story  Published: Jul 30 12:17 pm U.S. Eastern time / UPDATED: 7/30/12 3:51 pm ET -- adds more background
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    KEITH CRAIN
    You simply can't ignore Europe
    image Luckily, there are some pockets of prosperity in Europe. But for most of the industry, Europe is a black hole that isn't getting any better, and it is affecting the United States Keith Crain is editor-in-chief of Automotive News. ... >> Read the column  Published: Jul 30 12:01 am U.S. Eastern time


    JAMIE LAREAU
    Colorado auto dealers step up in time of crisis
    imageIt has been a long, hot summer in Colorado. First came a drought and wildfires. Then there was a mass murder. As is often the case, local car dealers are stepping up in the recovery effort Jamie LaReau is an Automotive News staff reporter. ... >> Read the column  Published: Jul 30 12:01 am U.S. Eastern time


    NICK GIBBS
    3 candidates who could lead Opel's recovery
    image Who will be the next head of General Motors' Opel/Vauxhall unit? Candidates should include former GM purchasing boss Bo Andersson, former Renault No. 2 Patrick Pelata and former PSA Peugeot Citroen No. 2 Jean-Marc Gales Nick Gibbs is U.K. correspondent for Automotive News Europe. ... >> Read the column  Published: Jul 30 12:01 am U.S. Eastern time


     OBITUARIES
     Obituaries
    Information about James Medeiros Sr., who owned Peabody Chrysler-Jeep Automotive Sales in Peabody, Mass., and Ed Morse, founder of a Florida dealership group. >> story  Published: Jul 30 12:01 am U.S. Eastern time

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