Headlines for Friday, May 4, 2012

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Detroit 3 turnaround: North America emerges as profit center

5:34 am U.S. ET | May 4, 2012
Home was where the hemorrhaging happened three years ago when two Detroit automakers headed for bankruptcy and a third suffered record losses. Now North America has become a money machine for the Detroit Three, which earned $4.5 billion there in the first quarter on surging U.S. sales.

U.S., German automakers push EV charging standard at odds with Nissan

3:36 pm U.S. ET | May 4, 2012
Ford, GM, Volkswagen AG and five other automakers are promoting a standard for rapidly charging electric cars that's at odds with a method used by Nissan, the top seller of battery-powered vehicles.

VIDEO: AutoNews Now: EV charging unity, sort of…

12:01 am U.S. ET | May 4, 2012
8 automakers join to support fast-charging technology, while Japan takes different route; used-car prices cool, at last; Lapham says gray is the new green

VIDEO: First Shift: Ford on Japan: 'Most protected'

12:01 am U.S. ET | May 4, 2012
A Ford official chides Japan on trade; BMW's tiny SUV, Jaguar's 2-seat convertible; China's 'hover car' and other visions of the future

Mazda says 107 U.S. employees agree to leave automaker

3:55 pm U.S. ET | May 4, 2012
More than 100 Mazda employees in the United States have accepted voluntary buyouts as part of the automaker's plan to restructure its money-losing operation here. According to documents filed with California state officials, 107 Mazda employees will be released July 2.

Ford wins dismissal of $2B judgment in commercial-truck pricing suit

3:12 pm U.S. ET | May 4, 2012
The Ohio Court of Appeals has thrown out a $2 billion award against Ford and ordered a new trial for a class of commercial-truck dealers who claimed the automaker overcharged them for 11 years.


Like Betty White, 2 Chrysler nameplates win new fans

2:52 pm U.S. ET | May 4, 2012
Chrysler Group's two mid-sized sedans have become automotive versions of Betty White, picking up new fans deep into their lives. The 90-year-old White, an award-winning comedienne and accomplished actress since the 1950s, has gathered a new generation of fans over the last two years.

Autobytel reports higher first-quarter profit, revenue on auto rebound

2:12 pm U.S. ET | May 4, 2012
Internet lead generator Autobytel Inc. reported that its first-quarter net income and revenue rose from the year-ago period, attributing the gains to continued improvements in the auto industry.

BMW will recall diesel models to fix emissions glitch

12:36 pm U.S. ET | May 4, 2012
BMW is recalling 24,340 vehicles equipped with diesel engines from the 2009-11 model years that may fail to meet U.S. and California emission control requirements.


Toyota nips at Ford for No. 2; high 5's for VW

12:29 pm U.S. ET | May 4, 2012
Another month is in the bin, and it's time for the industry's “experts” to trot out their latest sales predictions for all of 2012.

Jaguar Land Rover set to invest in UK plant to build F-Type

May 4, 2012 06:01 CET
Jaguar Land Rover will invest 200 million pounds ($324.08 million) in its Castle Bromwich factory in England to build the new F-Type convertible sports car.

UK new-car sales rise 3.3% in April

May 4, 2012 10:31 CET
British new-car sales rose by an annual 3.3 percent to 142,322 registrations in April, the Society of Motor Manufacturers and Traders industry body said on Friday. The SMMT said it was raising its full-year car sales forecast to 1.948 million units, 0.4 percent higher than the 1.

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