en-usAutomotive News Breaking News FeedBMW sees record 2012 sales, profits despite economy worriesWed, 16 May 2012 04:34:21 ESTBMW predicted record sales and profit in 2012 boosted by eight new and updated models.GM cuts Facebook ad spending, but Ford steps on the gasWed, 16 May 2012 10:06:39 ESTOn the eve of Facebook's wildly anticipated initial public stock offering, General Motors said Tuesday that it will stop buying advertisements on Facebook -- about $10 million a year -- but "remains committed" to the social network as part of "an...GM's Akerson impatient to improve his 'B' grade as CEOWed, 16 May 2012 07:12:28 ESTDan Akerson, who became CEO at General Motors in 2010, gives himself a 'B' for his performance so far. He has too much work to do to think about retiring for at least another year or two, he said.GM stock rising after Berkshire reports investmentTue, 15 May 2012 17:04:21 ESTGM stock gained as much as 4.3 percent, the most in almost a month, after Warren Buffett's Berkshire Hathaway disclosed it bought a stake in the automaker.New Altima guns for bigger slice of mid-sized sedan segmentTue, 15 May 2012 18:51:16 ESTNissan began production Tuesday of the redesigned 2013 Altima sedan that it hopes will challenge the family-sedan supremacy of the Toyota Camry. The Altima has lagged for most of its 20-year life as the also-ran among family sedans.Red Poling's charity efforts raised millions of dollarsTue, 15 May 2012 15:35:13 ESTIn addition to his career at Ford Motor, Harold "Red" Poling was involved in many volunteer and fundraising projects in Southeast Michigan.Executives, dealers fondly remember Red PolingTue, 15 May 2012 16:58:52 ESTDon Petersen says he and Red Poling made a terrific team as Ford Motor Co.'s two top executives a quarter century ago -- even though they came from completely different parts of the business.Former Ford CEO Red Poling dead at 86Tue, 15 May 2012 11:55:58 ESTHarold 'Red' Poling, the CEO who helped revive Ford Motor after steering the automaker through the recession of the early 1990s, died on Saturday in Pacific Grove, Calif. He was 86.GM says it will stop advertising on FacebookTue, 15 May 2012 15:52:52 ESTGeneral Motors will stop advertising on Facebook, citing the ineffectiveness of the paid ads, The Wall Street Journal reported today. A GM spokesman confirmed the newspaper's report, according to Reuters.GM to start 2nd shift at Cadillac plant in Mich.Tue, 15 May 2012 19:39:58 ESTGeneral Motors will start a second shift in July with 600 workers at the Michigan plant that will make the new Cadillac ATS sedan, the company said on Tuesday.