Morning News

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Industry

· Production cuts to hurt earnings for General Motors, Ford Motor Co. [Seattle Post-Intelligencer]

· Ferrari steers towards independent future [BBC]

· No more DaimlerChrysler mergers for now, Schrempp tells paper [The Detroit News]

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· VW mulls integrating China ventures: report [Xinhua]

· Volkswagen Won't Offer Rebates on Passat, Pischetsrieder Says [Bloomberg]


Notable

· Gas prices might increase 24 cents [USA Today]

· Hundreds of New Cars Crash on First Day [MotorTrend]


Oddball

· Cat Survives 10-Mile Trip Atop Car [SF Gate]

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