Headlines for Wednesday, December 12, 2012

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European car sales seen flat in 2013, says Italy's ANFIA

Dec. 12, 2012 14:05 CET
European new-car sales in 2013 will remain more or less at 2012 levels, the chief of the Italian carmakers' association ANFIA said.

VIDEO: AutoNews Now: Car, truck award finalists

12:01 am U.S. ET | Dec. 12, 2012
Fusion, Accord, ATS contend for annual prize as Ram 1500 takes on Ford, Mazda; Toyota glitch fix; Bill Ford's new ride.

Honda Accord, Ford Fusion, Caddy ATS named 'Car of Year' finalists

1:15 pm U.S. ET | Dec. 12, 2012
The Cadillac ATS, Ford Fusion and Honda Accord were named finalists today for North American Car of the Year, while the Ford C-Max, Mazda CX-5, and Ram 1500 were named truck/utility finalists. The 2013 North American Car and Truck of the Year will be announced Jan.

VIDEO: First Shift: Union pain, business gain?

12:01 am U.S. ET | Dec. 12, 2012
Michigan's 'right-to-work' law seen as boon to companies; Honda recalls Odysseys, SUVs; Fiat takes fuel pitch to pump

Nissan's U.S. battery plant begins lithium-ion pack output for Leaf EV

6:34 pm U.S. ET | Dec. 12, 2012
Nissan, aiming to be the world's largest seller of electric vehicles, said its Tennessee battery plant has begun producing lithium ion packs for the company's rechargeable Leaf, two years after the hatchback went on sale.

NEWS ANALYSIS

Right to work may put Mich. back on business map

11:07 am U.S. ET | Dec. 12, 2012
Michigan, a symbol of American industrial rise and decline, is about to get a second look from corporate America.

LUCA CIFERRI

The end is near for the French flagship sedan

6:00 am U.S. ET | Dec. 12, 2012
France will no longer have a domestically produced flagship when output of the Citroen C6 ends later this month. The C6's demise marks the end of an era in France that reached its pinnacle in the 1950s. That was when the first Citroen DS sedan arrived.

JIM HENRY

Dealerships can make or break auto lender, factory reputations

12:01 am U.S. ET | Dec. 12, 2012
J.D. Power and Associates has reaffirmed that the dealership F&I experience has a big effect on what customers think of the factory and the lender that finances the deal.

Toyota to alert customers about trunk-release defect

3:17 pm U.S. ET | Dec. 12, 2012
Toyota next month is expected to alert about 700,000 owners of three Lexus nameplates in the United States about a problem with the emergency trunk release, Consumer Reports magazine said today.

Nissan to extend lineup of hybrids, electric vehicles

2:28 pm U.S. ET | Dec. 12, 2012
Nissan said it will extend its offering of hybrids with 15 new models by 2017 and introduce new electric vehicles, as the automaker looks to move ahead of its competitors in low- and zero-emission cars.

2013 DETROIT AUTO SHOW

Acura plans MDX successor with 'aero sculpture' design

2:01 pm U.S. ET | Dec. 12, 2012
Acura will introduce a prototype of the 2014 MDX mid-sized crossover in January at the Detroit auto show.

Subaru parent will delay decision on U.S. expansion

11:31 am U.S. ET | Dec. 12, 2012
The head of Subaru's parent company said the company delayed making a decision on its U.S. capacity expansion as slumping demand in China and Europe gave it more room to ship vehicles to America.

Dealers boost F&I profits in Sandy's wake

12:01 am U.S. ET | Dec. 12, 2012
Adam Kraushaar is making more money selling finance and insurance in the midst of mayhem. Kraushaar owns six dealerships in Toms River, N.J., one of the areas most forcibly struck by Hurricane Sandy in October.

Q&A

How Nissan Acceptance snagged more dealers

12:01 am U.S. ET | Dec. 12, 2012
Nissan Motor Acceptance Corp., the U.S. captive finance company for Nissan and Infiniti, has boosted its share of dealer business to 67 percent for the six months ended Sept. 30, up from 46 percent three years earlier.

Do's and don'ts for selling service contracts in the service drive

12:01 am U.S. ET | Dec. 12, 2012
With top management's support, proper training and a maximum of two levels of coverage to sell, service writers can significantly boost their dealerships' sales of service contracts, F&I trainer Rick McCormick says.

Surprise! Auto-loan delinquencies decline

12:01 am U.S. ET | Dec. 12, 2012
Auto loan delinquencies fell in the third quarter from a year earlier, extending a streak that goes back to the fourth quarter of 2009, according to Experian Automotive.

Honda to recall 871,000 vehicles for roll-away issue

9:52 am U.S. ET | Dec. 12, 2012
Honda will recall 871,000 vehicles that could roll away after the ignition key has been removed, including 807,000 in the United States, the company said today.

Renault-Nissan finalizes Russian auto deal

Dec. 12, 2012 09:59 CET
Renault-Nissan finalized a long-awaited deal to expand in the Russian market, investing $742 million in a joint venture which will control Lada-maker AvtoVAZ.

PSA will eliminate additional 1,500 jobs as Europe sales drop

Dec. 12, 2012 06:01 CET
PSA plans to shed an additional 1,500 jobs by 2014, deepening its workforce reduction as car sales in Europe plunge to levels not seen in nearly two decades. The cuts, which come on top of 8,000 announced in July, will be made by not replacing people who leave.

Daimler names new board member for China to boost sales

Dec. 12, 2012 09:19 CET
Daimler said that Hubertus Troska, a top executive in its Mercedes-Benz trucks unit, will take over a newly-created portfolio for China to boost the car maker's flagging business in the world's largest auto market.

Turkish car production rises 3.9% in November

Dec. 12, 2012 06:01 CET
Turkish vehicle output rose 3.9 percent in November, bringing total 11-month production to 985,395 units, a 9.2 percent decline year-on-year, the Automotive Manufacturers Association (OSD) said in a statement.

BMW to collaborate with Boeing on carbon fiber

Dec. 12, 2012 14:29 CET
BMW and U.S. aircraft maker Boeing plan to pool information on carbon fiber including research on carbon fiber recycling and know-how covering manufacturing.

BMW to collaborate with Boeing on carbon fiber

7:54 am U.S. ET | Dec. 12, 2012
BMW and Boeing are to exchange information about making carbon fiber, an emerging battleground among auto and plane makers. The deal intensifies competition between BMW and rival Volkswagen, which already has a collaboration deal with Boeing through its Italian sportscar unit Lamborghini.

Maserati boss takes aim at German rivals

Dec. 12, 2012 06:01 CET
Maserati’s boss says the carmaker’s new Quattroporte flagship has “nothing to envy” when compared with German premium rivals such as the Mercedes-Benz S class or BMW 7 series. "We are now a true and strong alternative to everything out there," Maserati CEO Harald Wester said

LUCA CIFERRI

The end is near for the French flagship sedan

6:00 am U.S. ET | Dec. 12, 2012
France will no longer have a domestically produced flagship when output of the Citroen C6 ends later this month. The C6's demise marks the end of an era in France that reached its pinnacle in the 1950s. That was when the first Citroen DS sedan arrived.

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