Headlines for Thursday, February 21, 2013

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2013 GENEVA AUTO SHOW

VW will build XL1 plug-in hybrid car

Feb. 21, 2013 19:38 CET
Volkswagen said it will build the XL1 plug-in hybrid, which the automaker says will be the world's most fuel-efficient production car. The XL1 is the culmination of VW Chairman Ferdinand Piech's aim to build for everyday use a car that uses one liter of fuel per 100km

VIDEO: AutoNews Now: Ford gives Ohio a 'Boost'

12:01 am U.S. ET | Feb. 21, 2013
Production of 2.0L engine for N.A. shifting from Spain; next leader for Daimler?; Dodge Charger's unlikely fans; Geneva update.

Bernhard moved from Mercedes cars to Daimler Trucks

Feb. 21, 2013 16:21 CET
Daimler swapped the roles of Mercedes production and purchasing chief Wolfgang Bernhard and Daimler Trucks head Andreas Renschler at a supervisory board meeting on Thursday. The board also extended CEO Dieter Zetsche's contract until the end of 2016.

Renault, Nissan will build new plant in India, report says

Feb. 21, 2013 19:46 CET
Renault and Nissan will invest about $320 million in a new car assembly plant in India to build Datsuns and low-cost Renault cars, a Japanese business paper said.

VIDEO: First Shift: Here, Benz beats BMW

12:01 am U.S. ET | Feb. 21, 2013
Mercedes scores more U.S. registrations; Tesla: Profit ahead; Ford revives 'Fiesta Movement'; Audi, Toyota on 'disruptive' list.

Volvo purges more Ford influences

Feb. 21, 2013 09:00 CET
Volvo is distancing itself further from its Ford legacy as it prepares to launch a new range of in-house engines and a modular platform.

Banks may be sued by U.S. for auto lending activities, report says

11:40 am U.S. ET | Feb. 21, 2013
The Consumer Financial Protection Bureau has told at least four banks that it may sue them over vehicle loans and interest-rate markups by auto dealers that appear discriminatory, three people briefed on the matter told Bloomberg.

Fisker, insurance firm drop suit over $33 million in Sandy-related losses

5:04 pm U.S. ET | Feb. 21, 2013
Fisker agreed to end a lawsuit against XL Insurance America over the loss of more than 300 luxury cars worth about $33 million that were destroyed in Superstorm Sandy, according to a court filing.

Damage toll from Sandy rises to 250,000 cars, insurance group says

8:04 am U.S. ET | Feb. 21, 2013
New York's tally of vehicles damaged in superstorm Sandy has increased to 150,000, the most of any U.S. state, as the total number of cars battered in the October disaster rose to 250,000, an insurance-industry group said.

Sandy walloped ADESA's vehicle-salvage unit, CEO says

4:15 pm U.S. ET | Feb. 21, 2013
Hurricane Sandy hit KAR Auction Services and its used-vehicle salvage arm, Insurance Auto Auctions, far harder last fall than Hurricane Katrina did in 2005, KAR CEO Jim Hallett said today.

JESSE SNYDER

Wait, how many new features?

3:42 pm U.S. ET | Feb. 21, 2013
When Mercedes-Benz USA product planners detailed the latest features they'll add on three new products this year, it wasn't the technology that struck me. We all know automobiles carry lots of electronic sensors and controls. We recognize that combining different ones yields new features.

Ford to shift 2-liter EcoBoost engine output to Ohio plant from Spain

3:01 pm U.S. ET | Feb. 21, 2013
Ford will begin domestic production of its 2.0-liter, four-cylinder EcoBoost engine at its Cleveland Engine Plant in Brook Park, Ohio, in late 2014, the automaker said today. Ford will invest nearly $200 million and add 450 jobs at the plant, which will produce all 2.

Ford urges U.S. pressure on Japan ahead of meeting

3:36 pm U.S. ET | Feb. 21, 2013
Ford pushed for President Barack Obama to pressure Japan's prime minister to open its auto market and refrain from weakening the yen to give its companies an advantage.

Phil Smart Sr., longtime Mercedes-Benz dealer, dies at 93

2:43 pm U.S. ET | Feb. 21, 2013
Phil Smart Sr., a longtime car dealer and civic leader, died Feb. 8. He was 93. He started selling cars in the early 1950s in Seattle and eventually built Phil Smart Mercedes-Benz, which he operated for several decades.

Estimated Europe registrations by make, January

10:40 am U.S. ET | Feb. 21, 2013
  Jan.  1 mos.

2013 GENEVA MOTOR SHOW

VW putting XL1 plug-in hybrid car into production

1:38 pm U.S. ET | Feb. 21, 2013
A production version of the Volkswagen XL1 plug-in hybrid, which the German automaker says can get up to 270 mpg, is set to debut at the Geneva motor show in March.

Auto loans delinquent 60 days or more edge up

1:16 pm U.S. ET | Feb. 21, 2013
The number of auto loans delinquent 60 days or more ticked up in the fourth quarter compared with the same quarter a year earlier, and it was the first quarterly increase for such loans in three years, according to Experian Automotive.

Daimler shifts Bernhard from Mercedes cars to head trucks division

10:21 am U.S. ET | Feb. 21, 2013
Daimler swapped the roles of Mercedes production and purchasing chief Wolfgang Bernhard and Daimler Trucks head Andreas Renschler at a supervisory board meeting today. The board also extended CEO Dieter Zetsche's contract until the end of 2016.

Dana Q4 profit rises on tax benefits; revenue slips on weak demand

11:39 am U.S. ET | Feb. 21, 2013
Dana Holding Corp.'s quarterly revenue fell 15 percent as demand remained weak, but the company reported higher profit on income tax benefits.

Estimated Europe registrations by country, January

10:35 am U.S. ET | Feb. 21, 2013

Fiat-Chrysler increased global sales by 12.7% in January

Feb. 21, 2013 13:33 CET
Fiat-Chrysler's global sales increased by 12.7 percent in January, boosted by strong demand for the Fiat brand in Brazil and for Chrysler vehicles in North America.

Mercedes, UK dealers fined for competition breach

Feb. 21, 2013 13:16 CET
Mercedes-Benz and three of its UK commercial vehicle dealers have been fined 2.6 million pounds ($4 million) by Britain's competition watchdog for price fixing between 2008 and 2010.

Estonia installs nationwide EV charger network

Feb. 21, 2013 12:47 CET
Estonia has become the first country in the world to install a nationwide system of fast chargers for electric vehicles as part of European efforts to reduce carbon emissions.

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