Headlines for Thursday, November 8, 2012

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VIDEO: AutoNews Now: Nissan's quest for share

12:01 am U.S. ET | Nov. 8, 2012
Why Carlos Ghosn says something's wrong; his concerns about U.S. 'fiscal cliff,' China unrest; plus, Ford's 'elastic' hybrid plant.

VIDEO: First Shift: A deal for Suzuki dealers

12:01 am U.S. ET | Nov. 8, 2012
Quick cash for retailers who give up franchises, storm claims 15,000 vehicles, another lawsuit filed over Hyundai-Kia MPG.

Electric vehicle prices must fall for sales to take off, Power study finds

4:01 pm U.S. ET | Nov. 8, 2012
U.S. sales of plug-in electric and hybrid vehicles are rising, but they won't gain real traction until manufacturers lower prices and demonstrate clear economic benefits, market researcher J.D. Power and Associates said in a study released on Thursday.

Obama finding what's good for GM not so good for taxpayers

12:20 pm U.S. ET | Nov. 8, 2012
The GM bailout played an important role in the re-election of President Barack Obama, who stumped on the issue in Midwestern swing states. Now comes the hard part: unloading the government's stake, probably at a big loss.

Penske Automotive, Group 1 rebounding from Sandy's wrath

4:19 pm U.S. ET | Nov. 8, 2012
When Superstorm Sandy hit last week, stores owned by many of the nation's largest dealership groups mostly avoided damage, with two exceptions: Penske Automotive Group and Group 1 Automotive. Each has about a quarter of its stores on the East Coast.

Ford hires 5,200 while pushing factory use to 114% of capacity

10:56 am U.S. ET | Nov. 8, 2012
Ford has added about 5,200 jobs this year in its domestic factories, and its North American plants are operating at 114 percent of capacity, the highest in more than three decades, a top manufacturing executive said today.

JCI and China's Wanxiang to square off in A123's bankruptcy auction

3:52 pm U.S. ET | Nov. 8, 2012
An American and a Chinese auto parts maker will face each other on December 6 in an auction to buy A123 Systems, a bankrupt maker of batteries for electric cars that was partly funded by the federal government.

Magna Q3 profit jumps; founder Stronach quits board

9:16 am U.S. ET | Nov. 8, 2012
Diversified Canadian auto supplier Magna International Inc. said third-quarter profit nearly quadrupled on gains related to its purchase of the minority stake in its electric car business.

VIDEO: Honda's Ito on N.A. sales outlook

12:01 am U.S. ET | Nov. 8, 2012
Honda expects North American sales to climb 32 percent to 1.7 million units in the current fiscal year, and hit 2 million in 2016. In this segment, Takanobu Ito talks about Honda's sales outlook for the region, its hybrid strategy, and its plan for Acura.

Opel kills EV version of the Adam minicar

Nov. 8, 2012 06:01 CET
Opel has stopped development of a planned electric version of its new Adam minicar, citing high costs.

DOUGLAS A. BOLDUC

Why Alan Mulally apologized to Bill Gates

12:01 am U.S. ET | Nov. 8, 2012
Ford CEO Alan Mulally said that the first thing he did after agreeing to be a keynote speaker at the International Consumer Electronics Show was pick up the phone. He joked that he “called to apologize to Bill Gates” for taking a spot usually reserved for the Microsoft chairman.

Maserati lengthens new Quattroporte to compete with German flagships

Nov. 8, 2012 12:05 CET
Maserati has increased the size of its new Quattroporte as it seeks to compete with long-wheelbase versions of Audi, BMW and Mercedes flagships.

Obama victory may boost EV agenda, spur rules on emissions, safety

Nov. 8, 2012 06:01 CET
President Barack Obama's second term likely will include a return to an agenda of support for electric vehicles and also could clear the way for new rules on tailpipe emissions and auto safety.

Hyundai, Kia face $775 million U.S. suit over mileage claims

Nov. 8, 2012 06:01 CET
Hyundai and Kia have been hit with a second civil suit seeking class-action status after the companies admitted to making bogus fuel-economy claims. The latest was in a federal Central District Court in Los Angeles on behalf of 23 plaintiffs.

DOUGLAS A. BOLDUC

Why Alan Mulally apologized to Bill Gates

12:01 am U.S. ET | Nov. 8, 2012
Ford CEO Alan Mulally said that the first thing he did after agreeing to be a keynote speaker at the International Consumer Electronics Show was pick up the phone. He joked that he “called to apologize to Bill Gates” for taking a spot usually reserved for the Microsoft chairman.

Automotive News
Special Video Report
Nissan's Munoz: 'You grow or you go'

Nissan's Munoz: 'You grow or you go'

Nissan N.A. boss Jose Munoz continues to push U.S. dealers for a big jump in market share while deflecting complaints that his stair-step sales targets are too hard to achieve.
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