Headlines for Wednesday, January 15, 2014

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http://www.autonews.com/nyseminar:

2014 Automotive News Marketing Seminar - New York

Registration is now open. Book your seat/table today! Read More »

F&I TIPS:

How to win over reluctant F&I customers

How to make one more pitch to F&I refusers and why GAP claims bring opportunity Read More »

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2014 DETROIT AUTO SHOW:

Smack down, gutsy and moonshots: What people are saying about Ford's new F-150

Everyone seems to agree that Ford has done nothing less than reinvent the modern pickup with the 2015 Ford F-150. But it remains to be seen what the redesigned truck, built primarily out of aluminum sheet metal, means for the company and auto industry, on a number of fronts, over the long run. Read More »

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2014 AUTOMOTIVE NEWS WORLD CONGRESS:

Akerson reflects on his beginning, tenure and legacy at GM

General Motors' departing CEO Dan Akerson says his successor faces tougher pressure than he ever did as the first woman to lead a major automaker, but says Mary Barra is a unique leader who “knows the business from the shop floor up.” Read More »

2014 AUTOMOTIVE NEWS WORLD CONGRESS:

VW, Daimler brave European downturn to offer top shareholder value

Despite the malaise in the European car market, two German automakers and a French supplier have recently delivered the most value to shareholders of all global automotive companies, the consultancy PwC said Wednesday as it honored the winners of the Global Automotive Shareholder Value Awards,... Read More »

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2014 AUTOMOTIVE NEWS WORLD CONGRESS:

Facebook exec says network has untapped potential to influence car shoppers

There's an opening for automakers to boost brand consideration on Facebook within the sea of vacation photos and witty status updates. Read More »

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2014 AUTOMOTIVE NEWS WORLD CONGRESS:

54.5 mpg possible with today's technology, JCI executive says

Automakers can meet the CAFE target without introducing high volumes of electric cars and plug-in hybrids, said members of the purchasing panel Wednesday at the Automotive News World Congress. Read More »

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Chrysler powertrain chief Gradu departs

The executive whose responsibility it was to ensure the 2014 Jeep Cherokee's innovative drive system worked properly has left Chrysler Group to pursue other interests. Read More »

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AutoNews Now: Ford's Fields talks tech

Blue Oval COO won't 'take a step back' on MyFord Touch; Subaru eyes 500,000 U.S. sales by '16; GM's Hill succeeds Batey. Read More »

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Q&A:

NADA's Westcott: Dealer reserve is still the 'No. 1 issue'

Shortly after David Westcott became chairman of the National Automobile Dealers Association a year ago, the Consumer Financial Protection Bureau made clear it saw problems with the dealer reserve, the interest rate markup on vehicle loans that dealerships arrange for customers. Read More »

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2014 AUTOMOTIVE NEWS WORLD CONGRESS:

GM's Ammann upbeat on Opel, product portfolio and transaction prices

General Motors' European Opel unit is in "the best shape it's been in a very long time" and gained market share for the first time in 14 years in 2013, GM President Dan Ammann said today. Read More »

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First Shift: AutoNation chief: Slow down

Jackson warns carmakers to tame output, says '14 will be 'real test'; Toyota exec defends fuel-cell push; Volvo on China exports. Read More »

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2014 DETROIT AUTO SHOW:

Cadillac's big moment in song

It's been a long time since Cadillac has been the subject of a love song. Not since Janis Joplin's "Mercedes Benz" or Bruce Springsteen's "Pink Cadillac" has a ballad for a luxury car brand generated as much traction as Macklemore & Ryan Lewis's ode to Cadillac, "White Walls." Read More »

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2014 AUTOMOTIVE NEWS WORLD CONGRESS:

UAW members will 'overwhelmingly' back dues hike, King says

UAW President Bob King today said he believes workers will “overwhelmingly” support increasing dues for the first time since 1967 to shore up the union's strike fund and help it win better contracts. Read More »

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GM expects 'modest' gain in U.S. retail market share in 2014

General Motors expects to gain "modest" market share at the retail level in the United States this year while continuing to command strong prices, the company said today as its new executive management team took charge. Read More »

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ARLENA SAWYERS:

Count on them: Death, taxes and used vehicles

Death and taxes are two things we know we can count on. Here's one more: The new cars and trucks on display this week at the Detroit auto show will become used vehicles someday. Read More »

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2014 AUTOMOTIVE NEWS WORLD CONGRESS:

New approach to collaboration needed for auto innovation, panel says

Automakers need to revamp their decades-old relationships with suppliers and develop more collaborative relationships in order to quickly add new functionality to connected cars, a panel on vehicle technology and innovation agreed today at the Automotive News World Congress. Read More »

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GM picks Steve Hill to succeed Batey in U.S. sales post

General Motors today named Steve Hill as vice president of sales and service in the United States to replace the promoted Alan Batey, the latest move in a broad shuffling of the company's executive ranks triggered by the retirement of CEO Dan Akerson. Read More »

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Lexus exec sees more gains in U.S., emerging markets

Lexus aims to grow as much as 10 percent annually for the next 30 years as it expands in the United States, its biggest market, as well as in emerging markets from Asia to South America. Read More »

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2014 AUTOMOTIVE NEWS WORLD CONGRESS:

Manheim, AutoTrader leader says transparency 'makes everybody a winner'

Data is a powerful tool that, when used correctly, can help dealers stock the right vehicles for their markets and provide transparency that helps auto consumers feel that they paid a fair price, said the president of Manheim and AutoTrader Group. Read More »

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2014 AUTOMOTIVE NEWS WORLD CONGRESS:

Pent-up demand just starting, expect 17 million sales in 2015, says Citi analyst

DETROIT -- Auto sales will be stronger than expected this year and next because pent-up demand isn’t used up but just starting, says Itay Michaeli, head of auto research for Citi Investment.
He sees U.S. light-vehicle sales of 16. Read More »

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Ford store prevails in suit over credit check

A federal judge in Detroit has tossed out a suit accusing an area Ford store of knowingly violating the Fair Credit Reporting Act by running a credit check on a customer's husband.
U.S. Read More »

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Fewer late payments point to easy car loans in 2014

Auto loan delinquencies should stay relatively low in 2014, a banking industry economist says. That's a good indication that lenders will keep credit widely available this year, including for customers with subprime credit. Read More »

Western Funding restarts subprime loans

Western Funding has resumed buying car loans from dealerships after being bought out of bankruptcy by subprime specialist Westlake Financial Services. Read More »

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2014 AUTOMOTIVE NEWS WORLD CONGRESS:

Subaru on track for 500,000 U.S. sales by 2016, says Doll

Subaru of America sales will likely grow to 500,000 units by 2016 as the brand adds capacity at its only plant in the United States, said company President Tom Doll. Read More »

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JIM HENRY:

For Ally, a sting but no big bite

Ally Financial’s $98 million consent order with the Consumer Financial Protection Bureau and U.S. Justice Department in December had to sting. But the payment is likely to amount to less than three months’ worth of the company’s 2013 earnings. Read More »

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2014 DETROIT AUTO SHOW:

Hyundai sits out small crossover utility boom as rivals gear up

Hyundai Motor, already struggling with a host of business challenges, is developing another headache: a dearth of product to compete in a fledgling mini-crossover utility vehicle market in the United States even as rivals gear up for a big push. Read More »

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Acura mulls Honda Fit-based compact crossover

Acura is considering a compact crossover to complement the Honda brand's upcoming Fit-based utility vehicle. Read More »

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Ford will reassess UK operations if Britain leaves EU, report says

Ford says it would be forced to reconsider its UK operations if Britain voted in favor of leaving the European Union. Ford's warning follows a similar message last year from Nissan. Read More »

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Ford of Europe eyes higher 2014 sales on new models, market upturn

Ford is counting on new models and a stabilizing European car market to increase sales in the region this year, after shrinking demand inflicted a small drop in 2013 deliveries. Read More »

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Toyota tops 1 million in global hybrid sales, but growth slows

Toyota booked global hybrid vehicle sales above 1 million units for a second time in 2013, but annual sales growth slowed to one of its weakest levels in almost a decade. Read More »

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2014 DETROIT AUTO SHOW:

Software -- the new battleground

Automakers, taking cues from gadget makers such as Apple, are developing cars to receive software updates that include new tools or even improve fuel efficiency, much in the way an iPad gets new capabilities with each successive operating system. Read More »

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Infiniti working with Daimler on platform for four models

Nissan's Infiniti brand is developing a new platform with Daimler that will spawn four models including a crossover vehicle. Read More »

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Daimler wins as U.S. Supreme Court rejects Argentine human-rights suit

The U.S. Supreme Court has thrown out a case against Daimler over Mercedes's alleged collaboration Read More »

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Software -- the new battleground

Automakers, taking cues from gadget makers such as Apple, are developing cars to receive software updates that include new tools or even improve fuel efficiency, much in the way an iPad gets new capabilities with each successive operating system. Read More »

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AUTOMOTIVE NEWS EUROPE E-MAGAZINE:

S3 will be flagship sedan in Audi's compact range

Audi's range of A3 sedans gets a flagship with the arrival of the 300-hp S3 sporty variant, which debuts next month in Europe. Read More »

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Most Read
French automakers beat U.S. rivals back to Iran

Hans Greimel
12:01 am U.S. ET | Feb. 14 2014

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Sanctions have barely been eased on Iran and the Detroit 3 are being beaten back to the market by French rivals. This is not surprising as the U.S. ...
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French gov't will be 'decisive' PSA stakeholder

Bruce Gain
12:01 am U.S. ET | Feb. 13 2014

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The French government doesn't intend to be a silent partner when it takes an expected step to acquire a 14 percent stake in PSA/Peugeot-Citroen. ...
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Aston Martin learns the scary meaning of 'China price'

David Sedgwick
12:01 am U.S. ET | Feb. 10 2014

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For any automaker or supplier doing business in China, Aston Martin's decision to recall 17,590 spor ...
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Bernhard may finally get Mercedes' top job

Paul McVeigh
12:01 am U.S. ET | Feb. 7 2014

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Daimler CEO Dieter Zetsche says the loss of long-serving executive Andreas Renschler offers new chances. ...
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Porsche Macan rises fast; VW Golf rules

Douglas A. Bolduc
12:01 am U.S. ET | Jan. 31 2014

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Porsche's Macan was a huge Web winner during the fourth quarter but the media champ of 2013 was the VW Golf, which was No. ...
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Is Chrysler American, Italian, Dutch or … ?

Nick Bunkley
12:01 am U.S. ET | Jan. 30 2014

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Yesterday was certainly a big day for the venerable Dutch auto industry. ...
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Will Renault and Nissan drift apart when Ghosn goes?

Bruce Gain
12:01 am U.S. ET | Jan. 29 2014

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The likelihood that Renault-Nissan will appoint a single executive to succeed Carlos Ghosn to run both automakers is remote. ...
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Asia boosts status as production powerhouse

Hans Greimel
12:01 am U.S. ET | Jan. 28 2014

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Where will the bulk of the world's cars be built this year? More than a third of the global total wi ...
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Alfa calls new architecture Giorgio

Luca Ciferri
7:57 am U.S. ET | Jan. 27 2014 UPDATED: Jan. 27 19:10 CET -- Corrects timing for new plan

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Alfa Romeo's new architecture will be code-named Giorgio, people working on the project told me. ...
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Self-driving shuttle shows way to autonomous cars

Vince Bond Jr.
12:01 am U.S. ET | Jan. 24 2014

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A French auto robotics company is taking development of autonomous vehicles in a new direction that ...
 Read More ›

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Growth of 2% forecast for Europe car market
Europe's car market will probably expand 2 percent this year as demand recovers, ACEA said. ...
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European December car sales jump 13%, boosted by discounting
European new-car sales surged 13 percent in December, boosted by price cuts. Full-year sales fell by ...
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W. European 2013 sales beat forecast
Western Europe's 12 percent rise in new-car sales in December caused the region's overall 2013 volum ...
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Car-sales rise in southern Europe fails to halt regional decline in 2013
A rise in December new-car sales in France, Italy and Spain points to a pick-up in demand in souther ...
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Better Nov. car sales herald European growth in 2014, forecaster says
Western European car sales may improve by nearly 3 percent next year after November showed modest growth, LMC Automotive forecasts. ...
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European car sales rise as VW, Renault make Nov. gains
European new-car sales rose a third consecutive month in November, the longest period of gains in fo ...
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2013 Guide to Automotive Partnerships
Our comprehensive annual guide to global automotive partnerships offers a complete list of each auto ...
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Italy slump continues as November car sales fall 5%
New-car sales in Italy fell 5 percent in November continuing a slump in deliveries in Europe's fourt ...
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German car sales set to grow in 2014, VDA says
Car sales in Germany will recover next year even though November registrations showed a 2 percent de ...
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Spanish car sales rise 15% in November on subsidies
Spanish new-car sales jumped 15 percent in November from a year earlier as government subsidies continued to lift deliveries. ...
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Schaeffler appoints Knorr-Bremse exec Deller as CEO
Schaeffler has appointed auto-parts industry veteran Klaus Deller as its new CEO as the German suppl ...
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Renault names former PSA exec Wertans as global sales boss
Renault named Nicolas Wertans, PSA's former international sales chief, as its new global sales boss. ...
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Vauxhall chief Aldred to head Buick-GMC
GM has appointed Vauxhall boss Duncan Aldred as U.S. vice president of sales at the Buick and GMC br ...
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Honda Europe promotes veteran exec Ross to sales chief
Honda Europe has promoted veteran executive Philip Ross to senior vice president for sales as the ca ...
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VW brings back Barnes as U.S. sales chief
Volkswagen of America has rehired former COO and sales chief Mark Barnes as vice president of sales as it plots the next step toward its goal of nearly doubling deliveries in. ...
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Kia Europe names former VW exec Martins as marketing chief
Kia's European marketing chief, Benny Oeyen, is being replaced by former Volkswagen executive Artur ...
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Former PSA executive is new CLEPA president
Former PSA executive Arnaud de David-Beauregard is the new president of European supplier group CLEPA. ...
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Nissan names VW exec Willcox as new Europe head
Nissan has appointed new regional bosses for Europe and the Africa-Middle East-India regions, tappin ...
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Audi's top designer Egger will move to Italdesign on Feb. 1
Audi confirmed that its chief designer, Wolfgang Egger, will move to Italdesign Giugiaro, where he w ...
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BMW promotes two European execs to key U.S. roles
BMW appointed two European executives to key roles in the United States as the company reshuffles it ...
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Seat goes large with Leon ST
Seat is hoping to win new customers to its compact Leon range with the arrival of the Sports Tourer, ...
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Ford tweaks India-built EcoSport for Europe
Ford has tweaked the EcoSport subcompact SUV for European markets as it hopes the model will help it ...
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Range Rover diesel-hybrid saves fuel on and off road
Land Rover says the Range Rover SDV6 Hybrid offers the performance of a model powered by a V-8 diese ...
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Peugeot says new 308 outshines VW Golf
With the new 308 hatchback, Peugeot thinks it has a worthy rival to the Volkswagen Golf, Europe's be ...
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S3 will be flagship sedan in Audi's compact range
Audi's range of A3 sedans gets a flagship with the arrival of the 300-hp S3 sporty variant, which de ...
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Hyundai aims higher with new i10
Hyundai has positioned the new i10 higher than the outgoing model by making it bigger, more attracti ...
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BMW has high hopes for i3
BMW is bullish on the market potential for the i3 EV, the first model from its i subbrand. ...
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SX4 S-Cross is crucial for Suzuki's European revival
Suzuki expects the SX4 S-Cross, the company's first compact crossover, to help the automaker turn ar ...
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Skoda Rapid Spaceback aimed at low-cost rivals
Skoda is challenging value brands such as Hyundai and Kia in Europe's key compact hatchback segment ...
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Alfa 4C delivers on promise to offer affordable supercar
Alfa Romeo's 4C coupe delivers on the brand's promise to offer a true supercar at a reasonable price ...
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Honeywell turbo reduces CO2 in new Renault Clio
Honeywell’s turbocharger in the new Renault Clio helps the car’s new 90-hp 1.5-liter dCi ...
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Magna contributes to new Mercedes CLA's aerodynamics
Magna International played key roles in the Mercedes-Benz CLA's interior and exterior. ...
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Delphi helps keep the new Range Rover safe
Delphi helps keep occupants safe in the new Range Rover with systems such as it electronically scann ...
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Faurecia, Plastic Omnium cut weight, emissions in new Citroen C4 Picasso
With help from Faurecia, the new C4 Picasso is the first Citroen model that meets Euro 6 emission st ...
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Honeywell, Hirschvogel help cut CO2 in new VW Golf
Suppliers such as Honeywell and Hirschvogel played key roles in helping Volkswagen reduce CO2 emissi ...
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ThyssenKrupp helps trim weight in new Skoda Octavia
ThyssenKrupp cut 20 percent from the weight of the crankshaft in the new Skoda Octavia’s revis ...
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