DAILY: Honda trims full-year profit forecast | GM's Opel names former VW exec Neumann as CEO | AutoNation to put its own name on most dealerships, stock rises on Q4 report

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DAILY NEWSLETTER January 31, 2013 Follow Us:

Editor's note: In the next few weeks, Automotive News will begin upgrading its email system. Watch your inbox for more information soon. Honda trims full-year profit forecast on weak Europe, China Automaker's Q3 net profit rose 62% Honda cut its full-year profit forecast as lower sales in China and Europe overshadowed the benefits from the weaker yen. Net income will likely be 370 billion yen ($4.1 billion) in the 12 months ending March 31, compared with its previous estimate for 375 billion yen. ... >> story  Published: Jan 31 3:46 am U.S. Eastern time / UPDATED: 1/31/13 7:17 am ET - adds link GM's Opel names former VW exec Neumann as CEO GM's Opel unit appointed Karl-Thomas Neumann as its top executive, tasking the former Volkswagen AG manager with ending years of losses at the German subsidiary. Neumann, 51, who was passed over in a management shuffle at VW last year after previously leading Chinese operations, will take the position March 1. ... >> story  Published: Jan 31 8:30 am U.S. Eastern time / UPDATED: 1/31/13 2:31 pm ET - adds corrective Advertisement Experience docuPAD® Gain consumer trust and profitability with an interactive F&I environment. docuPAD, a part of Reynolds Retail Management System, transforms the way consumers experience your dealership. Users increase F&I gross 13.5% on average. Click to learn how. AutoNation to put its own name on most dealerships 15 regional brands will be dropped from store signs AutoNation says it will drop regional brand names on its dealerships and use the AutoNation moniker on most of its 221 stores coast to coast. The transformation begins Friday when the nation's largest dealership group sheds the Maroone name from 22 stores in south Florida and unveils new AutoNation signage. ... >> story  Published: Jan 31 7:45 am U.S. Eastern time / UPDATED: 1/31/13 2:42 pm ET - adds closing stock price Costco-GM promotion proves value of 90-day sales drives A 90-day sales drive beats a 60-day one. By a lot. That's the lesson from a 90-day sales promotion between General Motors and Costco Auto Program that ended Jan. 2. It generated more than 15,200 new-vehicle sales, three times more than a similar 60-day program a year earlier, the warehouse retailer says. ... >> story  Published: Jan 31 3:33 pm U.S. Eastern time GM, in more marketing shifts, names new ad boss for Cadillac, report says General Motors has appointed a new director of advertising for the Cadillac brand, according to a report from Advertising Age. Craig Bierley will succeed Molly Peck, who is becoming director of Chevy advertising. Peck replaces Kevin Mayer, who left GM last year to become vice president of U.S. ... >> story  Published: Jan 30 9:39 pm U.S. Eastern time   Automotive News Blogs Paul McVeigh is managing editor at Automotive News Europe. New Opel CEO Neumann may have a mission impossible Opel's new CEO Karl-Thomas Neumann is an auto industry veteran, but he hasn't remained in a top job long enough to judge whether he can turn around GM's European operations. ...  Read the blog  Published: Jan 31 12:01 am U.S. Eastern time       Archived Webinars » Online Reputation by Auto News » Operations Case Study by Microsoft » Mobile Savvy Car Buyers by MAX Systems » Beyond the vehicle by Covisint

» March 15 - Best Dealerships entry deadline » April 15 - PACE Awards » May 14 - Marketing Seminar - Los Angeles     Automotive News' top 5 news stories of the week 1. Chrysler bolsters plan for Fiat, Alfa in U.S. 2. Chrysler Q4 profits jump 68% to $378 million 3. Toyota to recall 1.3 million vehicles for airbag, wiper glitches 4. Honda puts Siri in three '13 models 5. Ally Financial needs 'concrete plan' to unwind from U.S., watchdog says     More electric car loans 'remains to be seen,' Chu says Energy Secretary Steven Chu said it "remains to be seen in the future" whether about $16 billion in available federal government loans to develop alternative-technology vehicles will be disbursed. ... >> story  Published: Jan 31 3:52 pm U.S. Eastern time   Wanxiang interested in aiding Fisker after A123 purchase Chinese supplier Wanxiang Group, which just won approval to acquire battery maker A123 Systems, said it now wants to help support A123's main customer, Fisker Automotive, the financally troubled plug-in hybrid sports car maker. ... >> story  Published: Jan 31 8:04 am U.S. Eastern time   BorgWarner, Manganello donate $2 million to UM for endowed chair in mechanical engineering BorgWarner Chairman Tim Manganello and the company's charitable foundation are donating $2 million to the University of Michigan College of Engineering for an endowment to fund research and teaching. ... >> story  Published: Jan 31 4:07 pm U.S. Eastern time Infiniti's de Nysschen on global growth strategy Johan de Nysschen became head of Nissan's Infiniti luxury brand on July 1, 2012. Before that, he led Audi of America for seven years. In this video, he explains why Infiniti's headquarters are in Hong Kong and addresses the prospect for design and production investment in the U.S. ...  View the video  Published: Jan 31 12:01 am U.S. Eastern time

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