Headlines for Friday, May 11, 2012

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Renault's EV boss is not worried about slow sales start for EVs

May 11, 2012 06:01 CET
Renault is betting heavily on the success of its electric vehicle range. Despite a slow start for the French brand's new battery-powered models, Thierry Koskas, Renault's EV project director, stands by an earlier forecast that EVs will represent 10 percent of all cars sold in Europe by 2020.


Renault's Carlos Tavares to join leading execs addressing industry event

May 11, 2012 06:01 CET
Renault's global expansion plans will come under the spotlight when the automaker's Chief Operating Officer Carlos Tavares speaks at the Automotive News Europe Congress next month.

VIDEO: AutoNews Now: Designers' dilemma

12:01 am U.S. ET | May 11, 2012
From aluminum to Chinese ashtrays, challenges facing designers; ZF's new 7-speed stick shift; Lapham likes a Ford mystery.

VIDEO: First Shift: Nissan charging ahead

12:01 am U.S. ET | May 11, 2012
Automaker raises projections after quarterly net more than doubles; long-term view on Mulally; Snyder: A weighty recovery.

Ford's head of manufacturing in Europe replaced after five months

May 11, 2012 11:18 CET
Ford's head of manufacturing in Europe, Mike Flewitt, has left after just five months in the job. His successor is Jeff Wood, who had been director of manufacturing for Ford's North America vehicle assembly operations.


Auto legend Carroll Shelby dead at 89

3:36 pm U.S. ET | May 11, 2012
Auto legend Carroll Shelby died last night at Baylor Hospital in Dallas at the age of 89. After a successful career as a race driver was shortened by a health issue, Shelby turned automaker in the 1960s.


Opel will build Citroen C5 successor, PSA official says

May 11, 2012 11:08 CET
Opel will build the Citroen C5 successor as part of the U.S. automaker's new alliance with PSA/Peugeot-Citroen, according to an official at the French company.

Tesla to begin repaying U.S. loans by end of 2012

4:06 pm U.S. ET | May 11, 2012
Tesla Motors, the electric-car company led by Elon Musk, is using the last of its $465 million in federal loans and plans to start repaying them by the end of the year, the first startup to fulfill requirements of the criticized program.


How speed kept Carroll Shelby alive an extra 50 years

8:14 pm U.S. ET | May 11, 2012
Carroll Shelby finally lost the grudge match against his own human frailty. His heart gave out in his thirties. He should have died in the '50s when he was racing Aston Martins in Europe, popping nitro glycerin capsules under his tongue each race. But he didn't die -- not for another half-century.

The auto industry remembers Carroll Shelby

5:03 pm U.S. ET | May 11, 2012
Here are some of the statements being released honoring the late Carroll Shelby, who died in Texas on Thursday at age 89.

GM divestiture has no timetable by the U.S., report says

1:15 pm U.S. ET | May 11, 2012
The government doesn't plan to end its part ownership of General Motors in the near future, a newspaper reported today.

Ally prepares to put mortgage unit into pre-planned bankruptcy

12:56 pm U.S. ET | May 11, 2012
Ally Financial, the former GMAC financing company that provides loans to auto dealers and car buyers, is poised to sever its Residential Capital mortgage unit in a pre-arranged bankruptcy filing that could come as soon as Sunday.

A123 Systems to post $125 million Q1 loss after battery recall

11:58 am U.S. ET | May 11, 2012
Lithium-ion battery maker A123 Systems said it expects to show a first-quarter net loss of about $125 million, including costs from a recall of potentially defective battery packs.

GM engineers focus on weight, balance for 2013 Cadillac ATS

11:24 am U.S. ET | May 11, 2012
When engineers at Cadillac built the ATS sedan, they knew that they were competing with some of the best products on the market, such as the BMW 3-series, the Audi A4 and the Mercedes-Benz C-Class. They paid special attention to curb weight to help meet their performance goals.

Obama: GM, Chrysler would have sunk under Romney

10:55 am U.S. ET | May 11, 2012
President Barack Obama dismissed Mitt Romney's comments this week claiming credit for the recovery of the U.S. auto industry, saying his Republican rival's plan would have sunk GM and Chrysler.

Jaguar Land Rover will boost spending with UK suppliers

May 11, 2012 11:31 CET
Jaguar Land Rover will spend an additional 1 billion pounds with UK suppliers over the next four years as demand for Evoque SUV grows.

Renault expects Zoe EV to far outsell Nissan Leaf in Europe

May 11, 2012 06:01 CET
When Renault launches the Zoe electric car later this year, it expects the hatchback to far outsell the Leaf EV from alliance partner Nissan in Europe.

VW warns growth will slow after group vehicle sales rise to 2.9 million

May 11, 2012 12:08 CET
Volkswagen Group said global deliveries rose 6 percent in April and 8.9 percent in the first four months, but warned that it expects growth to slow down for the rest of the year due to the European market slump.

Fiat targets 20 dealerships in India by the end of 2012

May 11, 2012 06:01 CET
Fiat plans to open 20 exclusive dealerships in India by the end of 2012, as the carmaker starts to rebuild its network after ending a distribution agreement with India's Tata Motors.

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