Headlines for Thursday, December 27, 2012

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Guardian Industries names new CEO after selling minority stake

11:05 am U.S. ET | Dec. 27, 2012
Automotive glass supplier Guardian Industries next week will have a new CEO in Ron Vaupel, a vice president at Koch Industries, which recently purchased a minority stake in Guardian.

LARRY P. VELLEQUETTE

I'm not the only C-Max driver disappointed with its mpg

7:53 am U.S. ET | Dec. 27, 2012
Apparently, it wasn't just me. A lawsuit seeking class-action status has been filed against Ford for what the suit alleges are inflated mileage claims for the 2013 Ford C-Max Hybrid.

Toyota shares rise 2.6% after U.S. settlement was seen smaller than expected

7:28 am U.S. ET | Dec. 27, 2012
Toyota shares gained 2.6 percent today in Japan on relief that its proposal to pay $1.1 billion to settle class-action litigation claims in the United States over unintentional acceleration in its vehicles was smaller than expected.

Toyota settlement could yield $200 million for plaintiffs' lawyers

8:49 am U.S. ET | Dec. 27, 2012
Plaintiffs' lawyers are seeking up to a $200 million cut from Toyota's agreement to settle unintended acceleration claims for millions of its vehicles in the United States in 2009-2010.

NEWS ANALYSIS

Japan's yen offensive may give Toyota edge over Hyundai

9:00 am U.S. ET | Dec. 27, 2012
A continued slide in the Japanese yen could tip the competitive balance on pricing back in favor of Toyota and away from its toughest and fastest-rising global competitor, Hyundai Motor -- a new dynamic that would likely be repeated across other Japanese export industries.

Nissan sweetens Leaf warranty in answer to critics

5:57 pm U.S. ET | Dec. 27, 2012
Nissan plans to bolster the warranty of the battery modules in its electric Leafs to reassure consumers of their durability.

Jackson to step down as Obama's EPA chief

11:37 am U.S. ET | Dec. 27, 2012
Environmental Protection Agency chief Lisa Jackson, one of the key players in raising federal fuel-efficiency standards to 54.5 mpg by 2025, is stepping down from her post after a tenure of almost four years marked by battles with Republicans who fought her proposed environmental regulations.

Infiniti will take longer to meet European sales targets

Dec. 27, 2012 06:01 CET
Infiniti has scaled down its ambitions for Europe in the wake of the region's economic slump. Nissan's luxury brand will likely take longer than 2016 to meet its goal of 100,000 annual vehicle sales in Europe, Infiniti President Johan de Nysschen said.

Toyota Europe reconfirms it will be profitable this year

Dec. 27, 2012 06:01 CET
Toyota Europe's boss reconfirmed that the company's automaking operations will make money for the first time in five years.

Port strike deadline raises pressure for Obama intervention

1:56 pm U.S. ET | Dec. 27, 2012
President Barack Obama is facing pressure to block a strike that would gridlock East Coast ports and risk damaging industries that include auto manufacturing.

Porsche wins dismissal of hedge fund lawsuit over VW

Dec. 27, 2012 19:42 CET
Porsche Automobil Holding SE won the dismissal of a New York lawsuit by 26 hedge funds that accused the German automaker of causing more than $1 billion of losses by cornering the market in Volkswagen AG shares.

Porsche wins dismissal of hedge fund lawsuit over VW

1:42 pm U.S. ET | Dec. 27, 2012
Porsche Automobil Holding SE won the dismissal of a New York lawsuit by 26 hedge funds that accused the German automaker of causing more than $1 billion of losses by cornering the market in Volkswagen AG shares.

Audi plans to spend $17 billion on expansion in pursuit of BMW

Dec. 27, 2012 16:40 CET
Audi plans to spend 13 billion euros ($17 billion) through 2016 to develop new cars and expand production capacity as it pursues BMW's lead.

Audi plans to spend $17 billion on expansion in pursuit of BMW

10:40 am U.S. ET | Dec. 27, 2012
Audi plans to spend 13 billion euros ($17 billion) through 2016 to develop new cars and expand production capacity as it pursues BMW's lead.

VIDEO: First Shift: 2012's top marketing moments

8:00 am U.S. ET | Dec. 27, 2012
'Mad Men' pitch a Jag, GM's Super Bowl reverse play, Lincoln revives Honest Abe, and Google clicks off dealers.

Ford to invest $773 million in Michigan plants

8:45 am U.S. ET | Dec. 27, 2012
Ford plans to invest more than $773 million on new equipment and capacity expansions across six manufacturing plants in southeast Michigan. The plan is part of its commitment to invest $6.

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