Headlines for Friday, April 27, 2012

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Daimler extends Bernhard's contract until 2018

April 27, 2012 12:16 CET
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.

VIDEO: AutoNews Now: A laureate's advice

12:01 am U.S. ET | April 27, 2012
Nobel winner Lech Walesa's counsel to Chrysler workers; Ford's U.S. first on pensions; Lapham to Google: I'll drive

VIDEO: First Shift: Akerson's 'Edison' moment?

12:01 am U.S. ET | April 27, 2012
GM CEO on the Chevrolet Volt's role as 'political football'; Ford predicts uptick after overseas operations trim earnings; Honda ends year with gain.

Fiat counters late start in China with Viaggio launch

April 27, 2012 06:01 CET
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.

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

5:19 pm U.S. ET | April 27, 2012
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.

Ford Q1 earnings fall on overseas losses; North America improves

7:10 am U.S. ET | April 27, 2012
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.

American Axle shares fall 5.5% despite rise in Q1 profits

9:47 am U.S. ET | April 27, 2012
American Axle & Manufacturing Holdings, a maker of axles and crankshafts, fell the most in almost two months after missing earnings estimates.

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

12:15 am U.S. ET | April 27, 2012
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.

GM names Dell exec to lead infotainment, OnStar

2:30 pm U.S. ET | April 27, 2012
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.


As industry creeps back, America shrugs off high gas prices

1:06 pm U.S. ET | April 27, 2012
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.

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

11:50 am U.S. ET | April 27, 2012
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.

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

April 27, 2012 09:46 CET
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.

Daimler quarterly earnings unexpectedly rise on Mercedes demand

April 27, 2012 08:19 CET
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.

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

April 27, 2012 08:49 CET
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.

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