DAILY: GM Canada to invest $834 million in r&d | Tech investments paying off for Asbury | Gentex shares plunge 29% after Q2 report

DAILY NEWSLETTER July 24, 2012

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GM Canada to invest $834 million in r&d General Motors of Canada said today it would invest $834 million (C$850 million) in automotive research and development in Canada between 2009 and 2016. ... >> story  Published: Jul 24 3:58 pm U.S. Eastern time Tech investments paying off for Asbury as Q2 profit climbs 49% The efficiencies of a common dealership management system are starting to roll through to the bottom line for Asbury Automotive Group. ... >> story  Published: Jul 24 10:55 am U.S. Eastern time / UPDATED: 7/24/12 3:32 pm ET - new story Gentex shares plunge 29% after posting small Q2 profit gain Michigan supplier Gentex, which makes automatic-dimming rear-view mirrors, recorded a small gain in second-quarter net income, but the results and outlook disappointed Wall Street and the shares plunged 29 percent for the day. ... >> story  Published: Jul 24 11:28 am U.S. Eastern time / UPDATED: 7/24/12 4:15 pm ET - with closing stock price 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 Lincoln prices 2013 MKZ from $36,800   Ford sees supplier flaw by TI Automotive at root of Escape recall   Ford sets C-Max Energi plug-in hybrid’s starting price at $33,745   Toyota to expand production of Lexus RX in Canada   Toyota to launch short-term car-sharing service in Japan, report says   Mercedes hires Valmet to make 100,000 A-class cars   BMW invests in EV charging station maker Coulomb   Faurecia cuts earnings view on European auto slump   GM halts production at Brazil factory because of strike   Supplier CTS Corp.’s profit falls 20% in Q2     Christina Rogers covers VW and regulatory/legislative issues for Automotive News. Congress mulls what to do with those dusty insurance booklets Each year U.S. regulators pull together data on insurance costs for all makes and models of cars, SUVs, light trucks and vans and compile it into a report made available to retailers. ...  Read the blog  Published: Jul 23 12:01 am U.S. Eastern time

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