Headlines for Friday, October 12, 2012

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VW may add budget subbrand by 2015, sources say

VW may launch a new low-cost subbrand by 2015 to take on rivals including Renault's Dacia and Nissan's Datsun in markets including Europe, two company sources said on Friday. Read More »

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Customer Incentives

This is data compiled by the Automotive News Data Center and requires a Data Center subscription to access. Read More »

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Certified used-vehicle sales, Sept. & YTD

This is data compiled by the Automotive News Data Center and requires a Data Center subscription to access. Read More »

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AutoNews Now: GM, Detroit debated

Vice presidential candidates argue over auto bailouts; Volkswagen 'looking' at budget cars; Lapham on GM's telecom executives Read More »

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GM mulls merging Opel with PSA's auto division, sources say

General Motors and PSA/Peugeot-Citroen are exploring ways to combine their European operations. One option is for GM's Opel/Vauxhall unit to merge with PSA's automotive operations, sources said. Read More »

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BMW lets U.S. lessees skip payments in drive to pass Mercedes

BMW AG, falling behind Daimler AG's Mercedes-Benz in U.S. luxury auto sales, is introducing an incentive program through the end of this month that lets lease owners skip payments if they buy a new vehicle. Read More »

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Average wholesale used-vehicle prices, September

This is data compiled by the Automotive News Data Center and requires a Data Center subscription to access. Read More »

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North America car and truck production - 10/15/2012

This is data compiled by the Automotive News Data Center and requires a Data Center subscription to access. Read More »

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GM, Peugeot mull European joint venture

GM and PSA/Peugeot-Citroen are exploring ways to combine their European operations in a second phase of the alliance they forged earlier this year, sources said. Read More »

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Chrysler's Mopar targets more accessory sales with SEMA lineup

Chrysler Group's Mopar parts and service brand will take 23 customized vehicles to the giant Specialty Equipment Market Association show in Las Vegas at the end of the month to try to capture more of the aftermarket accessory sales now going to independent producers. Read More »

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GUEST COMMENTARY:

Tesla challenges independent dealer network

Tesla has opened "showrooms" around the country to market its sleek electric cars. Read More »

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Aabar sells Daimler voting stake as Europe decline hurts car profit

Aabar Investments sold its remaining voting stake in Daimler AG two weeks after the world's third-biggest luxury-car manufacturer predicted the European auto-market contraction will hurt profit at its main brand. The Abu Dhabi sovereign-wealth fund disposed of its 3.1 percent holding on Oct. 5. Read More »

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VW Group September sales rise 6.5%; U.S., China offset Europe drop

VW Group's global vehicle sales rose by 6.5 percent in September as continued growth in the United States and China helped offset plummeting sales in western Europe. Read More »

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HANS GREIMEL:

Tokyo auto show rebranded as technology show

The beleaguered Tokyo auto show, beset by fading importance and falling attendance, has taken a beating in recent years from bigger, brighter shows in China and beyond. Read More »

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First Shift: Toyota tops in loyalty

Retention lead regained after 3 years; Lexus sees sales hurdle; Hyundai sunroofs probed; dealer trades Mustangs for horses Read More »

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Lexus sedans pose risk for trunk entrapment, Consumer Reports says

Toyota Motor Corp.'s new Lexus ES and GS sedans have emergency trunk release handles that break too easily and risk trapping someone in the cargo space of the luxury cars, according to Consumer Reports magazine. Read More »

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Porsche SE faces further lawsuit over VW takeover plan

Porsche SE, the holding company and former owner of German carmaker Porsche, has received a fresh lawsuit linked to its 2008 attempt to take over Volkswagen Group in the form of a 213 million euro ($275 million) claim from the family of a deceased industrialist. Read More »

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Toyota supplier Tokai Rika's stock falls almost 10% following recall

Shares in Toyota supplier Tokai Rika fell nearly 10 percent in Japan following disclosures that it made parts involved in the automaker's global recall this week of 7.43 million vehicles for defective power-window switches. Read More »

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Tesla gets $10 million California grant for electric SUV project

Electric vehicle maker Tesla Motors received a $10 million grant from the U.S. state of California to buy assembly equipment and add 500 workers to build a rechargeable SUV in the state. Read More »

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Ford board deliberates on successor for Mulally

Ford's board discussed a succession plan for CEO Alan Mulally at its monthly meeting on Thursday, according to a person familiar with the discussions. Read More »



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