DAILY: Treasury failed to curb excess 2012 pay at GM, Ally, watchdog says | GM to invest $600 million to expand Kansas plant | Do dealerships and divorces go hand in hand?

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DAILY NEWSLETTER January 28, 2013 Follow Us:

U.S. Treasury failed to curb excess 2012 pay at GM, Ally, watchdog says The U.S. Treasury Department "failed to rein in excessive pay" at bailed-out GM, Ally Financial and AIG, the rescue program's inspector general said. ... >> story  Published: Jan 28 2:34 pm U.S. Eastern time / UPDATED: 1/28/13 3:32 p.m. ET -- adds more detail GM to invest $600 million to expand plant that makes Malibu, LaCrosse General Motors said it will invest $600 million in a new paint shop and stamping press at the assembly plant where it makes the Chevrolet Malibu and Buick LaCrosse. ... >> story  Published: Jan 28 1:00 pm U.S. Eastern time / UPDATED: 1/28/13 2:56 pm ET - adds Akerson statements 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. Ford beating GM in race to Europe turnaround Ford will post fourth-quarter results on Tuesday with the figures likely to show the lowest operating profit of the year. But those figures mask optimism coming from an unlikely place: Europe. The automaker is further along the road to recovery in the region than many of its rivals, including GM. ... >> story  Published: Jan 28 2:04 am U.S. Eastern time [REG] Daimler, Ford and Nissan sign deal on fuel-cell cars Daimler, Ford and Nissan joined forces today to develop a line of affordable fuel-cell cars for sale starting in 2017 in what could be the first major advance for the promising zero-emission technology. ... >> story  Published: Jan 28 6:25 am U.S. Eastern time / UPDATED: 1/28/13 9:08 am ET - adds photo, includes video AutoTrader says it's business as usual following withdrawal of IPO AutoTrader Group, the nation’s largest online vehicle shopping site, said it would be business as usual for auto dealers following the company’s decision Friday to withdraw its $300 million registration for an initial public offering of stock. ... >> story  Published: Jan 28 4:24 pm U.S. Eastern time   Automotive News Blogs Jamie LaReau covers auto dealers for Automotive News Do dealerships and divorces go hand-in-hand? Maybe you’re just hard to get along with. Or maybe those long, odd work hours deprive you of valuable family time. Whatever the case, the divorce rate for car dealership employees seems anecdotally high. ...  Read the blog  Published: Jan 28 4:27 pm 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. Is social media spoiling the Super Bowl ad surprise? 2. GM replots emerging market strategy, hedges on China partner 3. How will GM look under Akerson's global brand push? Brazil gives clues 4. Frigid temps offer first tests for many EVs' range, performance 5. Hewlett-Packard bid to query 2 GM defectors denied by judge     Toyota wins back global auto sales crown from GM Toyota outsold rivals GM and VW Group last year, regaining the global sales lead after losing it in 2011. Sales at Toyota, including deliveries from subsidiaries Hino Motors and Daihatsu, rose 23 percent to a record 9.75 million units, while GM sold 9.29 million. VW Group delivered 9. ... >> story  Published: Jan 28 3:19 am U.S. Eastern time   GM replots emerging market strategy, hedges on China partner GM is reconsidering its emerging-market strategy, CEO Dan Akerson says, in remarks that could dent the global ambitions of its Chinese partner, SAIC Motor. ... >> story  Published: Jan 27 9:09 am U.S. Eastern time   GM's troubled Opel unit gets a new boss and new platforms Opel AG, the European unit that has been a drag on General Motors' profits, is getting a new boss from Volkswagen AG and new platforms from PSA Peugeot Citroen. ... >> story  Published: Jan 28 12:01 am U.S. Eastern time   How will GM look under Akerson's global brand push? Brazil gives clues As GM CEO Dan Akerson works on a global corporate reorganization, the decisions he faces are playing out in one of the company's most important emerging markets: Brazil. Akerson wants more accountability and flexibility among senior management as the U.S. automaker slugs it out globally with Toyota and VV. ... >> story  Published: Jan 26 12:01 am U.S. Eastern time / UPDATED: 1/26/13 11:01 a.m. ET   GM plans Super Bowl pre-game ads after eschewing game GM, which isn't advertising during CBS' telecast of the Super Bowl, plans to air commercials during the network's pre-game programming on Feb. 3. Chevrolet will air four spots during the pre-game telecast, Chris Perry, vice president for Chevy marketing, said Friday. ... >> story  Published: Jan 25 5:04 pm U.S. Eastern time / UPDATED: 1/25/13 6:48 p.m. ET -- adds more detail   Is social media spoiling the Super Bowl ad surprise? Some automakers split over when to air ads Many advertisers in the Big Game are already teasing and revealing details of their Super Bowl ads as a means to generate buzz through digital and social media. ... >> story  Published: Jan 27 12:01 am U.S. Eastern time   Frigid temps offer first tests for many EVs' range, performance Frigid temperatures cut electrified vehicles' driving range, but automakers say there are ways for owners to maximize efficiency. With the electrified segment's growth in 2012, more people than ever in cold weather states will need to figure out what it takes to get the most juice out of their vehicles. ... >> story  Published: Jan 26 12:01 am U.S. Eastern time / UPDATED: 1/26/13 8:02 am ET - includes links to videos   Hewlett-Packard bid to query 2 GM defectors denied by judge Hewlett-Packard lost a bid for a Texas court order allowing it to question under oath two former information technology workers who were among 18 people that quit the company in November to join GM. ... >> story  Published: Jan 25 7:54 pm U.S. Eastern time   Saab, hometown bank on long shot revival under Chinese investor Saab is raising fresh hopes in its Swedish hometown as the mothballed brand gears up for another revival, more than a year after it went bankrupt. Saab's new parent, owned by a Chinese renewable energy investor, intends to start building 9-3 sedans and convertibles in August. ... >> story  Published: Jan 26 12:01 am U.S. Eastern time   Porsche: Dealer profits, sales per store on the rise With more new products coming, sales per dealership at U.S. Porsche stores should jump 30 percent during the next three years, says Michael Bartsch, COO of Porsche Cars North America. It's part of Porsche's plan to boost sales and profitability for its dealership base. ... >> story  Published: Jan 28 12:01 am U.S. Eastern time

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