Headlines for Thursday, December 27, 2012

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Guardian Industries names new CEO after selling minority stake

Automotive glass supplier Guardian Industries next week will have a new CEO in Ron Vaupel, a vice president at Koch Industries, which recently purchased a minority stake in Guardian. Read More »

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LARRY P. VELLEQUETTE:

I'm not the only C-Max driver disappointed with its mpg

Apparently, it wasn't just me. A lawsuit seeking class-action status has been filed against Ford for what the suit alleges are inflated mileage claims for the 2013 Ford C-Max Hybrid. Read More »

Toyota shares rise 2.6% after U.S. settlement was seen smaller than expected

Toyota shares gained 2.6 percent today in Japan on relief that its proposal to pay $1.1 billion to settle class-action litigation claims in the United States over unintentional acceleration in its vehicles was smaller than expected. Read More »

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Toyota settlement could yield $200 million for plaintiffs' lawyers

Plaintiffs' lawyers are seeking up to a $200 million cut from Toyota's agreement to settle unintended acceleration claims for millions of its vehicles in the United States in 2009-2010. Read More »

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NEWS ANALYSIS:

Japan's yen offensive may give Toyota edge over Hyundai

A continued slide in the Japanese yen could tip the competitive balance on pricing back in favor of Toyota and away from its toughest and fastest-rising global competitor, Hyundai Motor -- a new dynamic that would likely be repeated across other Japanese export industries. Read More »

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Nissan sweetens Leaf warranty in answer to critics

Nissan plans to bolster the warranty of the battery modules in its electric Leafs to reassure consumers of their durability. Read More »

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Jackson to step down as Obama's EPA chief

Environmental Protection Agency chief Lisa Jackson, one of the key players in raising federal fuel-efficiency standards to 54.5 mpg by 2025, is stepping down from her post after a tenure of almost four years marked by battles with Republicans who fought her proposed environmental regulations. Read More »

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Infiniti will take longer to meet European sales targets

Infiniti has scaled down its ambitions for Europe in the wake of the region's economic slump. Nissan's luxury brand will likely take longer than 2016 to meet its goal of 100,000 annual vehicle sales in Europe, Infiniti President Johan de Nysschen said. Read More »

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Toyota Europe reconfirms it will be profitable this year

Toyota Europe's boss reconfirmed that the company's automaking operations will make money for the first time in five years. Read More »

Port strike deadline raises pressure for Obama intervention

President Barack Obama is facing pressure to block a strike that would gridlock East Coast ports and risk damaging industries that include auto manufacturing. Read More »

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Porsche wins dismissal of hedge fund lawsuit over VW

Porsche Automobil Holding SE won the dismissal of a New York lawsuit by 26 hedge funds that accused the German automaker of causing more than $1 billion of losses by cornering the market in Volkswagen AG shares. Read More »

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Porsche wins dismissal of hedge fund lawsuit over VW

Porsche Automobil Holding SE won the dismissal of a New York lawsuit by 26 hedge funds that accused the German automaker of causing more than $1 billion of losses by cornering the market in Volkswagen AG shares. Read More »

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Audi plans to spend $17 billion on expansion in pursuit of BMW

Audi plans to spend 13 billion euros ($17 billion) through 2016 to develop new cars and expand production capacity as it pursues BMW's lead. Read More »

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Audi plans to spend $17 billion on expansion in pursuit of BMW

Audi plans to spend 13 billion euros ($17 billion) through 2016 to develop new cars and expand production capacity as it pursues BMW's lead. Read More »

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First Shift: 2012's top marketing moments

'Mad Men' pitch a Jag, GM's Super Bowl reverse play, Lincoln revives Honest Abe, and Google clicks off dealers. Read More »

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Ford to invest $773 million in Michigan plants

Ford plans to invest more than $773 million on new equipment and capacity expansions across six manufacturing plants in southeast Michigan. The plan is part of its commitment to invest $6. Read More »

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Special Report
Dealer Bob Shuman trades courtroom for showroom

Dealer Bob Shuman trades courtroom for showroom

After an 11-year career as a lawyer, Bob Shuman, 52, became a car dealer after his father retired from the business founded by his grandfather. Mon., March 24
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