This is the Morning Shift, our one-stop daily roundup of all the auto news that's actually important — all in one place at 9:00 AM. Or, you could spend all day waiting for other sites to parcel it out to you one story at a time. Isn't your time more important?
1st Gear: Stock Slumping, GM Shareholders Meet
Every CEO wants to arrive at their company's annual meeting with happy news about the stock. That's not going to happen today at the Renaissance Center. The Detroit Free Press reports that GM is holding its annual meeting with its stock trading in the low $20s, or about a third less than its initial public offering in November 2010. And GM CEO Dan Akerson is frustrated. The Wall Street Journal (subscription required) reports Akerson recently said GM's stodgy culture has changed only 20 to 25 percent since its 2009 bankruptcy.
2nd Gear: Lexus Mulling A Smaller GS Hybrid
Adding models to the Toyota Prius family has turned out to be a good move for American sales. Now, AutoExpress reports that Toyota planning to roll out a smaller Lexus GS hybrid. The new car is likely to be called the GS300h and will be aimed at BMW's 520d Efficient Dynamics and the Audi A6 2.0 TDi. More details are expected at the Paris Motor Show.