Daily News Briefs: May 11, 2012
In other news:
- Reuters reports Nissan’s quarterly profits rose 33% to $1.48 billion at current exchange rates and expects to beat global sales growth this year with 10 new models.
- Alan Mulally has been Ford’s CEO since September 2006, but The Detroit News reports the 66-year-old former Boeing executive, who’s taken the automaker from the red to 10 consecutive quarters of profits, isn’t planning to go anywhere.
- Toyota was the world’s largest automaker from 2008 to 2010, and it could regain the title this year: At 2.49 million cars, its first-quarter global sales outpaced GM (2.28 million) and Volkswagen (2.16 million), Bloomberg News reports.
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