Today's News - May 8, 2013

**KBB in the News**

The New York Times:  Toyota profit increases sharply

The Associated Press: Toyota quarterly profit more than doubles to 314 billion yen ($3.2 billion) on yen, cost cuts

Bloomberg:  Toyota forecasts profit will rise to highest in six years

CBS Detroit:  Toyota posts $13.3 billion 2012 profit

The Detroit Free Press:  Lexus betting on new IS to pump up the pizzazz

PlugInCars.com:  Should GM cut the price or de-content the Chevy Volt?

Automotive Digest:  Revised Blue Book Used Car Report on mild spring market

**KBB Editorial**

Tesla to offer Performance Plus Package for Model S

2014 Silverado/Sierra pickups to have most standard V6 torque

Volkswagen teases Design Vision GTI Concept

**Top News**

Toyota quarterly profit rises to $3.17 billion

Toyota profit more than doubles

GM to build Cadillac plant in China

GM wins approval to build $1.3 billion Cadillac plant in China

**OEM/Vehicle News**

‘Silverado High Country’ gets Chevy into luxury pick-up race

Ferrari plans delivery cut to maintain brand exclusivity

Hasty deal to save Chrysler in depths of crisis returns to haunt

Subaru to invest $400 million to build Impreza at Indiana plant

GM recalls eAssist mild hybrids for battery fire risk

**Dealer/Industry News**

Another company backed by DOE loans shuts down

**Ad/Media/Marketing News**

Cadillac goes to the ball

Ralph Lauren shows off $700k supercar

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