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Friday, February 24, 2012

DAILY: Sonic, Mercedes end 4-year legal spat | Ford plays catch-up in China with new plan, dealerships | VW's record year ends in disappointment after Q4 profit slips

DAILY NEWSLETTER February 24, 2012
 
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Sonic, Mercedes end 4-year legal spat
Mercedes-Benz USA and Sonic Automotive Inc. have settled a nearly four-year old legal spat over dealership upgrades.
The two sides declined to provide details of the settlement announced today.
Sonic, the ...
>> story  Published: Feb 24 4:18 pm U.S. Eastern time / Last changed: 2/24/12 4:35 p.m. ET
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Ford plays catch-up in China with new plan, dealerships
image CHONGQING (Reuters) -- Ford Motor Co. is on track to double the number of dealerships in China by 2015, its country chief said today, as it launches a half-billion-dollar plant and races to narrow the gap with foreign rivals in the world's largest auto market.
>> story  Published: Feb 24 2:19 am U.S. Eastern time / Last changed: 2/24/12 10:36 am ET [REG]

VW's record year ends in disappointment after Q4 profit slips
imageFRANKFURT -- Volkswagen Group posted an unexpected decline in fourth-quarter operating profit, even as it said full-year results for 2011 were a record.
Quarterly operating profit slid 0.9 percent to 2.29 billion euros ($3.05 billion), based on ...
>> story  Published: Feb 24 5:04 am U.S. Eastern time [REG]
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  • Price Daily change 52-week high / low
    General Motors 26.07 -2.69% 35.00 / 19.00
    Ford 12.23 -1.37% 16.18 / 9.05
    Top Performers Price Daily change 52-week high / low
    Magna 47.33 +4.60% 54.44 / 30.03
    Honda* 38.50 +2.67% 44.01 / 27.52
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    BorgWarner 82.43 +2.08% 82.84 / 54.59
    Bottom Performers Price Daily change 52-week high / low
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    Tesla 33.75 -2.26% 35.00 / 21.50
    Superior Industries 18.56 -1.80% 26.34 / 14.17
    Ford 12.23 -1.37% 16.18 / 9.05
    Visteon 53.56 -1.36% 75.94 / 38.32
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    GUEST COMMENT
    Detroit 3 must learn from mistakes on Japan trade, for a change
    image Al Warner directed the Motor Vehicle Division at the U.S. Commerce Department for more than 30 years and served on the auto task forces of Presidents Carter and Reagan. He is now director of the Automotive Strategies LLC consulting firm in Arlington, Va.
    Chrysler Group, General Motors, Ford Motor Co. and their Washington lobbying arm -- The American Automotive Policy Council -- are fighting Japan's efforts to join the Trans-Pacific Partnership negotiations. This is the wrong approach. The Detroit 3 understand from experience that trade liberalization and harmonization will help them ...
    >> Read the column  Published: Feb 24 12:20 pm U.S. Eastern time


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