rorty:::tort: DAILY: New Romney TV spot blasts dealership closures | GM Q2 profits fall 41% to $1.49 billion | Akerson says GM's marketing approach not the result of 'one individual'

DAILY NEWSLETTER

August 2, 2012

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New Romney TV spot blasts dealership closures

Mitt Romney's criticism of the government bailout of the auto industry continued Wednesday when his campaign released a 30-second TV commercial in Ohio critical of the Obama administration's decision... ... >> story Published: Aug 2 12:46 pm U.S. Eastern time

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GM's profit falls 41% to $1.49 billion on European losses

General Motors today said net profit fell sharply in the second quarter, as widening losses in Europe partially offset “solid” earnings in North America. Net income for the April-June period dropped 41 percent to $1.49 billion. Revenue dipped 4 percent to $37. ... >> story Published: Aug 2 7:30 am U.S. Eastern time / UPDATED: 8/2/12 4:19 pm ET - update with stock close

NEWS ANALYSIS
Akerson: GM's marketing approach not the result of 'one individual'
CEO, in wake of Ewanick's sudden departure, tells analysts strategy was team effort

GM CEO Dan Akerson, referring to the impact of Joel Ewanick's exit, told analysts and reporters today that the automaker's marketing is a group effort, not a one-man operation. He stood by the company's position that no changes are planned in GM's marketing strategies. ... >> story Published: Aug 2 2:06 pm U.S. Eastern time / UPDATED: 8/2/12 3:38 pm ET - new coverage

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MORE HEADLINES

Mazda starts building new Mazda6 mid-sized sedan

Toyota, Honda extend rebound; GM, Ford slip as industry marches on

GM July U.S. sales off 6%; pickups, fleet sales sag

Toyota to recall 778,000 RAV4, Lexus vehicles in U.S.

Top auto chipmaker Renesas expects worst-ever annual loss of $1.9 billion

AutoNation new vehicle sales rise 14 percent in July

Visteon cuts forecast on slowing auto production

Lear's Q2 profits drop 18% on weak Europe

Ford hurt by falling fleet sales

Chrysler sales up 13%; best July since ’07

Honda continues strong 2012; CR-V leads the way

Altima launch lifts Nissan brand 12%

Hyundai sales up 4%; higher output imminent

Mercedes lead over BMW narrows to 104 units in U.S. luxury fight

VW brand sales jump 27% on new models, incentives

Hyundai's Krafcik on capacity constraints
Hyundai is headed for its first annual decline in U.S. market share since 1998. In this segment, John Krafcik addresses the company's production constraints, its game plan and the industry's sales outlook. He was interviewed in July at the Michigan International Speedway. ... View the video Published: Aug 2 12:01 am U.S. Eastern time

Larry P. Vellequette covers Chrysler Group for Automotive News.
It’s time to call a halt to the race for more in-vehicle screens
The information age has arrived in force in an automotive cabin near you -- and a race is on to see how many electronic screens automakers can jam into their designs. Welcome to your own mobile multiplex. ...

Read the blog Published: Aug 2 10:13 am U.S. Eastern time

Jesse Snyder is senior writer for Automotive News
How February sales can cool off – in July
I like SAARs, those awkwardly named Seasonally Adjusted Annualized Selling Rates the U.S. auto industry uses to compare the relative strengths of various months of light vehicle sales. ...

Read the blog Published: Aug 1 12:01 am U.S. Eastern time

WEBINARS

MARKETPLACE

JOB LISTINGS

Google+ is Changing the Game. Are You Ready to Play?
August 2, 2 p.m. EDT
Did you know that 70% of all visits to dealership websites are the result of a Google search? If you’re not showing up prominently in Google results, you’re missing out on a LOT of opportunity. As a car dealer, Google+ must be a priority because it impacts search-engine optimization as well as your social and online reputation. Cost: $99 ($40 discount thru 7/26)

Health Care Reform: What you must know NOW to prepare your dealership for 2014 and beyond
August 16, 2 p.m. EDT
Auto dealerships face numerous decisions now that the U.S. Supreme Court has upheld the Affordable Care Act. Employee benefits expert, Christian Bergstrom, will take you through the various implementation stages of Health Care reform. The majority of the provisions take effect January 1, 2014. Employers need to start evaluating and preparing NOW for the changes ahead. Cost: $99 ($40 discount thru 8/9)

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