Headlines for Friday, November 9, 2012

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GM may acquire Ally's Europe, Latin America auto finance arms, report says

6:42 pm U.S. ET | Nov. 9, 2012
Ally Financial is nearing a deal to sell its auto financing operations in Europe and Latin America for around $4 billion, with GM emerging as the lead bidder if the company decides to sell those operations as a whole, two sources familiar with the situation said on Friday.

About 800 Sandy-damaged Ford vehicles to be scrapped

4:45 pm U.S. ET | Nov. 9, 2012
About 800 Ford vehicles will need to be scrapped from Superstorm Sandy damage, mainly at dealerships, Ford's chief sales analyst, Erich Merkle, said Friday.

VIDEO: AutoNews Now: Green, but at what cost?

12:01 am U.S. ET | Nov. 9, 2012
Study: Cost still a barrier to widespread adoption of electric cars and plug-ins; Aston Martin in play?; Suzuki's final route.

Aston Martin owner approaches potential buyers, report says

Nov. 9, 2012 15:35 CET
Aston Martin's controlling shareholder, Investment Dar, has approached potential buyers for the maker of luxury sports cars. Mahindra is among potential suitors and Toyota hired an auditor to conduct a study on buying a stake in Aston, sources said.

VIDEO: First Shift: Mazda to make Toyotas

12:01 am U.S. ET | Nov. 9, 2012
Mexico plant will build version of Mazda2 for rival; A123 battle; Magna, politics and steak; Internet tip for dealers.

Obama's next transportation chief faces highway-funding dilemma over gas tax

2:34 pm U.S. ET | Nov. 9, 2012
The next U.S. Transportation secretary -- whether it's Ray LaHood or someone else -- will confront a highway system starved for cash and financed by a gasoline tax almost no one wants to raise.

Mazda to produce car for Toyota at Mexico plant

4:02 am U.S. ET | Nov. 9, 2012
Mazda will produce a car for Toyota at its new Mexican assembly plant starting in 2015, as the automakers seek ways to boost North American output. The Toyota vehicle will be a rebadged version of the Mazda2 targeting the U.S., Canadian and Mexican markets.

MIKE COLIAS

Chevy supercharges Test Track at Disney World

4:20 pm U.S. ET | Nov. 9, 2012
I've got two kids approaching ripe ages for that Disney World trip that many parents deem a rite of passage. I sort of dread it though, what with the crowds and the expense and, well, all the Disney stuff.

LARRY P. VELLEQUETTE

Will Jeep lovers blaze a new trail for diesel?

4:00 pm U.S. ET | Nov. 9, 2012
Even though fuel prices have generally fallen in recent weeks -- outside of areas ravaged by superstorm Sandy -- there are more than a few consumers out there who would line up to gladly pay $1 more per gallon or more to get what they want.

Ford triples dealerships certified to sell EVs, plug-in hybrids

3:34 pm U.S. ET | Nov. 9, 2012
Ford has tripled the number of dealerships it has certified to sell its growing fleet of plug-in hybrid and electric vehicles, the company said today.

ARLENA SAWYERS

Saying no to Sandy-soaked vehicles

3:27 pm U.S. ET | Nov. 9, 2012
Hurricane Sandy hit Manfredi Auto Group’s Mazda Kia Mitsubishi dealership in Staten Island pretty hard. That has forced them to be extra vigilant in planning how to cope post-disaster. Other dealerships might do well to consider taking similar steps.

Suzuki says southeast Asia demand to make up for slump in China

2:32 pm U.S. ET | Nov. 9, 2012
Suzuki today projected an increase in sales this fiscal year as stronger demand from southeast Asian countries offsets a slump in China. The Japanese automaker also said it has already booked an impairment loss of 12.

Toyota, affiliates to invest $727 million in Indonesia

2:00 pm U.S. ET | Nov. 9, 2012
Toyota and its affiliates plan to invest about 7 trillion rupiah ($727 million) in Indonesia over the next five years, in addition to recently announced plans totaling 6 trillion.

Chrysler recalls 919,545 Jeeps globally for airbag issue

8:38 am U.S. ET | Nov. 9, 2012
Chrysler is recalling 919,545 Jeep SUVs from the 2002 to 2004 model years to fix a part that could cause the airbags to inadvertently deploy. Of the vehicles recalled, 744,822 were in the United States; 49,430 in Canada; 21,828 in Mexico; and 103,465 outside North America, Chrysler said.

Aston Martin's Kuwaiti owner approaches potential buyers, report says

9:35 am U.S. ET | Nov. 9, 2012
Aston Martin's controlling shareholder, Investment Dar Co., has approached potential buyers for the maker of luxury sports cars featured in James Bond movies, five people with knowledge of the matter told Bloomberg.

BMW on course for 2012 sales record after strong October

Nov. 9, 2012 14:42 CET
BMW said it is heading for its best sales year despite a flat European market after the company's October global volume increased by 13.2 percent to 157,618 vehicles.

PSA pushes low-cost Peugeot 301 as fix for growth problems

Nov. 9, 2012 07:04 CET
Peugeot has launched the 301, a stripped-down sedan aimed at boosting sales in emerging markets. The vehicle has gone on sale in Turkey and will be rolled out in Eastern Europe, Africa and South America in the coming months.

LATEST LAUNCHES

Range Rover is still in a class of its own

Nov. 9, 2012 06:01 CET
The market for large luxury SUVs has been growing steadily and new entrants from Lamborghini and Maserati are due to launch soon, but none will match the Range Rover's off-road ability and on-road dynamics.

Mazda to produce Toyota vehicle at its Mexico plant

Nov. 9, 2012 10:02 CET
Mazda will produce a vehicle for Toyota at its new Mexican assembly plant starting in 2015, as the carmakers seek ways to boost North American output.

Q3 ANE/PWC SHAREHOLDER VALUE INDEX

Auto companies dodge downturn in Q3

Nov. 9, 2012 06:01 CET
The prospect of European car sales this year falling to their lowest level since 1995 is not reflected in the Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices for the third quarter of 2012. In Q3, European automakers achieved a 6.

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