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15 May 12 - Automotive News

Racing and automotive industries remember Shelby
The racing world—and automotive world in general, for that matter—lost a pioneer late last week with the death of Carroll Shelby at the age of 89.

China Automotive Systems Announces Change to Board of Directors
WUHAN, China, May 15, 2012 /PRNewswire via COMTEX/ -- China Automotive Systems, Inc. ("CAAS" or the "Company") (NASDAQ:CAAS) , a leading power steering components and systems supplier in China, today announced that Mr.

Indonesia's Automotive Lenders Feel Pinch of New Rules
Companies that lend consumers money for cars and motorcycles are grappling with subdued demand even before the introduction of a regulation setting a minimum down payment on automotive purchases. The impact of the new regulation, which comes into ...

Automotive fuel cell maker Dynetek under review for delisting by TSX
TORONTO - Automotive fuel cell maker Dynetek Industries Ltd. (TSX:DNK) is under review for possible delisting by the Toronto Stock Exchange.

Group 1 Automotive Acquires Honda and Volkswagen Dealerships in Florida
By Group 1 Automotive, Inc. HOUSTON, May 14, 2012 -- /PRNewswire/ -- Group 1 Automotive, Inc. (NYSE: GPI),a Fortune 500 automotive retailer, today announced the acquisition of a Honda franchise and a Volkswagen franchise in the Panama City, Fla., ...

Automotive fuel cell maker Dynetek under review for delisting by TSX
By The Canadian Press | May 15, 2012 TORONTO - Automotive fuel cell maker Dynetek Industries Ltd. (TSX:DNK) is under review for possible delisting by the Toronto Stock Exchange.

Penske Automotive Group Beats on Both Top and Bottom Lines
By Seth Jayson, The Motley Fool Penske Automotive Group (NYS: PAG) reported earnings on May 4. Here are the numbers you need to know.

Tater Bug's Automotive offers full-service mechanic
BY REBEKAH CANSLER MCGEE Tater Bug's Automotive recently replaced Atkins Automotive at 11546 Old US Highway 52 in the Midway community.

Buttita Brothers Automotive to host community blood drive May 17
To promote blood donation in the community, Buttita Brothers Automotive is offering a free oil change in exchange for a blood donation.

Automotive Roundup May 2012
Other Chinese firms with a foothold in Europe already include Shanghai Automotive Industry Corporation, which owns MG, and Volvo owner Geely.

'Hold' Automotive Axle; target Rs 471: ICICIdirect
ICICIdirect has recommended `Hold` on Automotive Axle with a price target of Rs 471 as against the current market price (CMP) of Rs 500 in its report dated May 15, 2012.

Ford looks ahead: Automotive Manufacturer optimizes Spare Parts Logistics with ...
(openPR) - The automotive manufacturer Ford improves the controlling of spare parts logistics using AX4 Report - a new module of the logistics platform AX4.

New home for international automotive R&D
China Daily - Independent car design and R&D companies could be entering the fast lane in China as the center of global automotive manufacturing shifts towards the biggest auto market worldwide. Seventeen domestic and international automotive design ...

Fisker Automotive Systems' Supplier Seeks Buyer
A major supplier to Irvine-based electric auto firm Fisker Automotive is looking for a buyer, after woes triggered by a recall of Fisker's automobiles in March.

Automotive supplier expanding, creating jobs
The Michigan Economic Development Corporation on Monday announced that Brose North America, one of the world's leading automotive suppliers, is investing $60 million to expand in Michigan. The expansion, subject to approvals of state and local ...

Auto Repair Franchise Christian Brothers Automotive Celebrates 100th Opening
FranchiseWorks.com | Auto Repair Franchise Christian Brothers Automotive Celebrates 100th Opening with First National Facebook Promotion.

County mourns death of automotive icon
by Sherrie Norris Few men have had a greater impact on Watauga County and the surrounding area than did local businessman Mack Brown, who died Saturday morning at the age of 84, after a gradual decline in health.

DriveTime Automotive Group, Inc. to Announce First Quarter 2012 Financial Results
PHOENIX, May 14, 2012 (BUSINESS WIRE) -- On Tuesday, May 15, 2012, DriveTime Automotive Group, Inc. ("DriveTime"), a leading used vehicle retailer, plans to announce their consolidated financial results for the first quarter ending March 31, 2012.

Atlantic Automotive Group's Dan Toomey Sr. Honored by Make A Wish Foundation
After Years of Watching Their Dealerships Give Back to the Community, Atlantic Automotive Group is Proud to Have Seen General Manager Dan Toomey Sr.

Buy Automotive Axles; target of Rs 575: Firstcall Research
Firstcall Research is bullish on Automotive Axles and has recommended buy rating on the stock with a target of Rs 575 in its May 10, 2012 research report.