Headlines for Friday, April 27, 2012

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Daimler extends Bernhard's contract until 2018

Daimler said it had extended the contract of Mercedes-Benz Cars production boss Wolfgang Bernhard by a further five years until 2018, in a move that was widely expected. Read More »

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AutoNews Now: A laureate's advice

Nobel winner Lech Walesa's counsel to Chrysler workers; Ford's U.S. first on pensions; Lapham to Google: I'll drive Read More »

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First Shift: Akerson's 'Edison' moment?

GM CEO on the Chevrolet Volt's role as 'political football'; Ford predicts uptick after overseas operations trim earnings; Honda ends year with gain. Read More »

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Fiat counters late start in China with Viaggio launch

Sergio Marchionne launched another attempt by Fiat to win over Chinese buyers on Monday, with the unveiling of the Viaggio sedan at the Beijing auto show. Read More »

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Ford to offer lump-sum payout to 90,000 retirees, former employees to lower pension risk

Ford plans to offer lump-sum payouts to about 90,000 U.S. salaried retirees and former employees as part an ongoing strategy to derisk its $39.4 billion U.S. pension plans. Read More »

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Ford Q1 earnings fall on overseas losses; North America improves

Ford posted a decline in first-quarter earnings, strained by losses in Europe and Asia while North American profits rose. The company reported pre-tax operating profit of $2.3 billion, down $544 million from the first quarter of 2011. Operating profit in North America increased to $2. Read More »

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Customer Incentives

This is data compiled by the Automotive News Data Center and requires a Data Center subscription to access. Read More »

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North America car and truck production - 04/30/2012

This is data compiled by the Automotive News Data Center and requires a Data Center subscription to access. Read More »

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American Axle shares fall 5.5% despite rise in Q1 profits

American Axle & Manufacturing Holdings, a maker of axles and crankshafts, fell the most in almost two months after missing earnings estimates. Read More »

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2013 Ford Escape engines EPA-certified at 30 mpg highway or better

All three engine offerings for the 2013 Ford Escape were certified by the EPA to get 30 mpg or more on the highway, Ford said. Ford has redesigned the Escape for 2013 and dropped the V-6 engine option in favor of a top-of-the-line 2. Read More »

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GM names Dell exec to lead infotainment, OnStar

General Motors appointed a Dell executive to a newly created post to oversee its OnStar and infotainment divisions. Mary Chan has been named vice president in charge of global connected consumers, GM said today. Read More »

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JOHN K. TEAHEN, JR.:

As industry creeps back, America shrugs off high gas prices

The first quarter is history, and it was indeed a fine three months. Total sales of 4.4 million and March deliveries of 1,669,141. A bellringer year in the making. Read More »

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4 members of Visteon’s board will not seek re-election

Four Visteon board members will not seek re-election at the company’s annual meeting in June, according to a filing with the U.S. Securities and Exchange Commission. Read More »

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Daimler CFO: 'We're not a takeover candidate'

Daimler's Chief Financial Officer Bodo Uebber refuted speculation on Friday that the company could be acquired, amid news reports that Gulf emirate Abu Dhabi and its Aabar investment fund is exiting its stake. Read More »

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Daimler quarterly earnings unexpectedly rise on Mercedes demand

Daimler reported an unexpected increase in quarterly earnings as the company delivered a record number of Mercedes cars. Earnings before interest and taxes rose 4.9 percent to 2.13 billion euros ($2.81 billion) from 2.03 billion euros a year ago. Read More »

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Kia profit beats estimates on U.S., Europe demand

Kia posted first-quarter profit that beat analyst estimates on demand from Europe, the United States and China. Net income rose 26 percent to 1.2 trillion won ($1.1 billion) in the first quarter from 953.2 billion won a year earlier, the carmaker said on Friday. Read More »

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Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
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