Headlines for Thursday, December 20, 2012

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Toyota to unveil Furia concept at Detroit

3:49 pm U.S. ET | Dec. 20, 2012
Toyota Division will show a concept vehicle -- code-named Furia -- at the Detroit auto show in January. Toyota officials declined to give details, other than to say the Furia is a sedan.

VIDEO: AutoNews Now: GM truck glut impact

12:01 am U.S. ET | Dec. 20, 2012
Excess supply may lead to 'aggressive' spiffs; four-door manages crash forces in new test; supplier lands autonomous license.

GM recalls 145,628 mid-sized pickups for hood latch issue

9:26 am U.S. ET | Dec. 20, 2012
GM is recalling 145,628 mid-sized pickup trucks globally as the hood could open unexpectedly due to a possible missing latch.

Honda Accord, Suzuki Kizashi rate highest on new crash test; 2 Toyotas rated poor

12:01 am U.S. ET | Dec. 20, 2012
Thirteen mid-sized cars have earned high marks on the insurance industry's newest frontal-crash test, but a pair of Toyota models tested fared worse than the rest. The IIHS gave a good rating to the four-door Honda Accord and the Suzuki Kizashi, and an acceptable rating to 11 more mid-sized cars.

December U.S. auto sales expected to rise 14%, J.D. Power says

10:08 am U.S. ET | Dec. 20, 2012
Car shoppers have been “unfazed” by uncertainty related to the so-called fiscal cliff looming at the end of this month, and U.S. sales are expected to be up 14 percent in December, J.D. Power and Associates and LMC Automotive said today. If the forecasts prove accurate, total U.S.

American Suzuki says demand for autos rises after bankruptcy

10:39 pm U.S. ET | Dec. 20, 2012
American Suzuki, the American distributor of Suzuki cars and motorcycles, will import about 2,500 more autos to meet demand that jumped after the company filed for bankruptcy with plans to end sales in the United States.

JESSE SNYDER

Those brave new car buyers

4:19 pm U.S. ET | Dec. 20, 2012
It's Thursday. A new-style triple-witching eve. Friday is the first day of winter, the latest chance for Congress to push us off the fiscal cliff, and the end of the world if the Mayan-calendar doomsayers are right. And yet LMC Automotive is forecasting a December auto sales pace of 15.

CarMax Q3 profit rises on surge in used-car supply, consumer confidence

9:22 am U.S. ET | Dec. 20, 2012
CarMax, the nation's largest used-car retailer, reported a stronger third-quarter profit as a rise in supply, more attractive financing options and improved customer sentiment helped it sell more vehicles to retail clients. Net income rose to $94.

GM, PSA to develop small cars, engines, but not larger cars

5:14 am U.S. ET | Dec. 20, 2012
General Motors and PSA/Peugeot-Citroen scrapped plans for a joint mid-size car program, narrowing the scope for vehicle sharing within their alliance while adding engine cooperation.

GM offers employee pricing in Canada

2:06 pm U.S. ET | Dec. 20, 2012
GM, which began offering higher incentives in United States in an effort to clear out its bloated supply of pickups, now is also offering incentives on its pickups in Canada despite a much lower supply there.

Continental licensed to test autonomous vehicles in Nevada

3:18 pm U.S. ET | Dec. 20, 2012
Continental AG is the first automotive supplier to receive an autonomous vehicle testing license in the state of Nevada, the company said Wednesday. Although Continental's first testing vehicle requires a human operator, it's being called a “highly automated” 2012 Volkswagen Passat.

YANG JIAN

VW will battle GM in 2013 for market dominance in China

3:21 pm U.S. ET | Dec. 20, 2012
Even before anti-Japanese protests erupted in China in September, Volkswagen was starting to lure Chinese consumers away from Toyota, Honda and Nissan in the mid-sized car market. After experiencing volatile swings for four years, China's car market is geared toward stable growth in 2013.

Tesla begins Europe push with high-end Model S

3:04 am U.S. ET | Dec. 20, 2012
Tesla Motors said only higher end versions of its battery-powered Model S sedan will initially be sold in Europe as it races to turn a profit.

Toyota Avalon will accommodate wireless phone charging

2:34 pm U.S. ET | Dec. 20, 2012
Dueling with the tangled cord of a phone's in-car charger could soon be a thing of the past for some 2013 Toyota Avalon drivers.

GM, PSA discard large car project; agree to develop small engine

Dec. 20, 2012 11:14 CET
General Motors and PSA/Peugeot-Citroen scrapped plans for a joint mid-size car program, narrowing the scope for vehicle sharing within their alliance while adding engine cooperation.

Fiat to spend 1 billion euros to make Jeeps in Italy

Dec. 20, 2012 13:49 CET
Fiat will invest more than 1 billion euros to build compact SUVs for the Fiat and Jeep brands in Italy. The move is key to Fiat's bid to boost capacity usage and end losses in Europe.

VIDEO: First Shift: Toyotas fail new crash test

12:01 am U.S. ET | Dec. 20, 2012
Honda Accord, Suzuki Kizashi get good marks in stringent new test; Silverado ad-duty shift; Nissan's Ghosn on young leaders.

Automotive News
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Nissan's Munoz: 'You Grow or You Go'

Nissan's Munoz: 'You Grow or You Go'

Nissan North America Chairman Jose Munoz has a tough goal to meet: Raise the combined U.S. market share of the Nissan and Infiniti brands from 8.4 percent last year to 10 percent by March of 2017.
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