rorty:::tort: DAILY: GM won't 'cut and run' on Opel, Akerson says | Chrysler to boost output of 2013 Rams | BorgWarner picks Verrier to succeed Manganello as CEO

DAILY NEWSLETTER

November 15, 2012

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GM won't 'cut and run,' Akerson tells Opel staff

General Motors will neither sell its loss-making European unit Opel nor "simply close up shop and leave," CEO Dan Akerson told more than 5,000 staff in the brand's headquarters in Ruesselsheim today. ... >> story Published: Nov 15 11:41 am U.S. Eastern time / UPDATED: 11/15/12 1:19 pm ET - adds background

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Chrysler to boost output of 2013 Rams, V-6 engines at Detroit-area plants
Marchionne cryptic on Santander talks

Chrysler Group will add a third shift in March at its Warren Truck plant in suburban Detroit and revamp part of its Mack Engine complex in Detroit to make more Pentastar V-6 engines. ... >> story Published: Nov 15 10:06 am U.S. Eastern time / UPDATED: 11/15/12 3:26 pm ET - story updated throughout

BorgWarner picks Verrier to succeed Manganello as CEO

BorgWarner named James Verrier as CEO, succeeding Tim Manganello after 10 years at the helm of the powertrain technology supplier. The move is effective Jan. 1. BorgWarner signaled its succession plan in March when it named Verrier, 49, to the newly created position of president and COO. ... >> story Published: Nov 15 9:13 am U.S. Eastern time / UPDATED: 11/15/12 4:09 pm ET - adds closing stock price

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Lindsay Chappell is the Mid-South bureau chief for Automotive News.
Plentiful oil? A V-8, anyone?
Four years after the auto industry started trembling at the real prospect of a global fuel shortage, painful pump prices and consumers clamoring for vehicles that can deliver 50 mpg, this news arrives from the International Energy Agency in France: There’s way more oil under America than we realized. Oops. ...

Read the blog Published: Nov 15 11:28 am U.S. Eastern time

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