Headlines for Wednesday, March 27, 2013

» Latest print issue
Quick search (past 7 days):
- or -
Choose a date:


Use the form on the right to select a specific day >>

image
CAR CUTAWAY:

JTEKT helps reduce fuel use in new Mercedes B class

Mercedes improved the steering on the new B class to help reduce fuel consumption. The JTEKT-sourced electromechanical power steering system improves fuel use because energy is only required by the steering assist function when steering actually takes place. Read More »

image

Fisker furloughs U.S. workforce for a week

Fisker Automotive, the struggling maker of $100,000 plug-in hybrids whose namesake founder abruptly resigned earlier this month, has furloughed its entire workforce in the United States this week to preserve cash as it seeks a financial lifeline. Read More »

image

It's official: CFPB gunning for dealer reserve

After keeping mum on plans for auto lending for more than two years, the Consumer Financial Protection Bureau last week confirmed some of the worst fears of dealers and lenders. Read More »

image

AutoNews Now: Big moments in Big Apple

Toyota Highlander, pair of Jeeps debut; Acura unwraps MDX; Volvo wagon; Camaro surprise; end of road for VW minivan. Read More »

image
2013 NEW YORK AUTO SHOW:

Chevy revives Camaro Z/28 for track duty

Chevrolet surprised onlookers at the New York auto show today by unveiling a new Camaro Z/28, a built-for-the-racetrack performance coupe. The car will have a small-block V-8 engine that produces 500 hp and 470 pounds-feet of torque. Read More »

image
2013 NEW YORK AUTO SHOW:

Hyundai Equus flagship refreshed for 2014

The refreshed 2014 Hyundai Equus debuted at the New York auto show on Wednesday. The flagship sedan is receiving upgrades in almost every area, including the interior, exterior, chassis and technology. Read More »

image

VW to drop Routan minivan from U.S. lineup

Volkswagen plans to discontinue sales of the Routan, a rebadged Chrysler-built minivan VW has offered since 2008, the company's top U.S. executive said today. Read More »

image
2013 NEW YORK AUTO SHOW:

Toyota Highlander gets bigger, roomier for 2014

Toyota will launch sales of a larger, redesigned version of its Highlander crossover early next year providing more room to occupants. The 2014 Highlander will be nearly three inches longer and a half-inch wider than the current version, Toyota said today. Read More »

image
TECHNOLOGY:

Toyota will sell vehicles under parts-sharing, platform framework in 2015

Toyota will begin selling vehicles built under its parts-sharing and platform framework in 2015, the company. The automaker is pursuing the strategy adopted by rivals including Volkswagen, to share parts among vehicles using the same platform in order to save costs and manpower. Read More »

image
NEW YORK AUTO SHOW:

Mercedes-Benz rolls out B-class EV

Mercedes-Benz, marking its first U.S. foray into electrified vehicles, today introduced the five-seat, five-door B-class Electric Drive at the New York auto show. The 2014 battery electric vehicle will go on sale in early 2014. Read More »

image

Infiniti drops price on G replacement by $900

Infiniti's 2014 Q50 sedan will start at $37,355, including shipping, a $900 reduction from the base price of the 2013 G37 sedan it replaces. Read More »

image

Nissan plunges into hybrids

Nissan brand plans to put at least four hybrid models into showrooms in the United State over the next four years as it prepares for what it expects to be the "era of electrification." Read More »

image

Nissan expects Leaf to set monthly U.S. sales record in March

The Nissan Leaf electric vehicle, a month after the company dropped its sticker price by $6,400, is on its way to setting a monthly United States sales record in March of more than 1,900 units, Nissan executives said today. Read More »

image

GM lays foundation for 10% margins by mid-decade, exec says

GM is laying the groundwork to achieve 10 percent profit margins by mid-decade by launching new models and taking better advantage of its global scale, North American Chief Financial Officer Chuck Stevens said. Read More »

image
2013 NEW YORK AUTO SHOW:

Pathfinder launches Nissan's hybrid push

Nissan plans to create a portfolio of gasoline-electric hybrids starting late this summer with the 2014 Pathfinder Hybrid crossover. Read More »

image
MARK RECHTIN:

Audi backfills lineup with new A3

The auto industry is full of creeps. By that, I mean automakers that engage in the phenomenon known as "segment creep" -- that gradual increase in vehicle size with each subsequent generation of product. Example: The current Honda Civic is as large as a '90s-era Accord. Read More »

image

Ford seeks best real-world mileage measurements

Carmakers that figure out the best ways to help consumers measure their real-world fuel economy could enjoy a competitive advantage, Jim Farley, Ford's global marketing chief, said today in a speech at the New York auto show. Read More »

image
NEW PRODUCT:

Volvo will launch XC90 successor next year

Volvo will introduce a successor to the XC90 in late 2014, CEO Hakan Samuelsson said. The model will be the first all-new vehicle launched by Volvo as a unit of China's Zhejiang Geely Holding Group. Read More »

image
DAVE GUILFORD:

Why the next wave of Italians is important

The next wave of Italians has arrived, as the wall at the Fiat stand here proclaims: The 500, 500c, 500e and 500L. You might argue there's only one Italian in U.S. Fiat stores -- the 500 -- and that until dealers get some more product, Fiat is extending the brand any which way it can. Read More »

image
2013 NEW YORK AUTO SHOW:

Acura adds longer wheelbase, roominess to MDX

While slightly narrower, the redesigned 2014 Acura MDX gains several inches of wheelbase and two inches of overall length to increase roominess. Responding to Sun Belt dealers' requests, the MDX will be sold with a front-drive powertrain as well as with its traditional all-wheel-drive setup. Read More »

image
RESTRUCTURING:

German union bosses approve Opel deal despite split

German trade union IG Metall's federal executive board approved a labor deal with Opel, paving the way for the unit to begin restructuring its domestic operations. Read More »

Service contract execs to pay $53,000 to settle dispute with Missouri attorney general

The Missouri attorney general's office has reached a $53,000 settlement with the owners of the former Enterprise Warranty Group for claims of improperly selling extended-service contracts and "additive warranties" in ways designed to get around insurance regulations. Read More »

image
2013 NEW YORK AUTO SHOW:

Kia bares its new Soul in New York

The redesigned Soul introduced by Kia today at the New York auto show has new sheet metal, a stiffer body, a longer and wider chassis and powertrains that deliver more torque. Kia also unveiled the 2014 Forte Koup, a two-door variant of Kia’s compact car, and a freshened Optima. Read More »

image
JIM HENRY:

The CFPB's new, scary truth

Last week the Consumer Financial Protection Bureau and Director Richard Cordray threw cold water on a common notion among advocates for dealers and lenders: The CFPB doesn't understand how the business works and everything would be OK if the feds were just “educated.” Read More »

Georgia fixes tax hike on leases

The Georgia Legislature has fixed a glitch in a new state tax law that disproportionately penalized auto leases. Read More »

image
RYAN BEENE:

Kia compact coupe, hatchback go turbo

Most compact cars are engineered to be a means of affordable transportation for the masses, often sacrificing fun for practicality. With its redesigned Forte lineup, Kia seems to be doing the opposite. Read More »

image
Q&A:

Why it pays to have lots of lenders

Many dealership managers prefer to limit themselves to a short list of go-to lenders, but not Tim Tucker, the high-energy general manager of Car Loans Express. Read More »

image
AUTOMAKERS:

BMW may get rid of its retire-at-60 rule

Age 62 soon may be the new 60 for BMW's top executives, including CEO Norbert Reithofer. Read More »

image

First Shift: NY show sights, sounds

Cadillac beefs up CTS; Audi's family of A3s; Honda minivan has vacuum; Bond meets Rover; workers fired over Ford ad gaffe. Read More »

image
2013 NEW YORK AUTO SHOW:

'14 Jeep Cherokee brandishes better fuel economy, new off-road system

The 2014 Jeep Cherokee -- the first Jeep to be built from the wheels up with help from Fiat -- will deliver a 45 percent improvement in fuel economy and will be more capable of off-roading than the Jeep Liberty it replaces. Read More »

image
SUPPLIERS:

Autoliv seeks acquisitions to expand in high-tech car safety

Swedish supplier Autoliv says it is keen to expand its car-safety business through the acquisition of high-tech active technology that help vehicles avoid accidents. Read More »

image
2013 NEW YORK AUTO SHOW:

Volvo to re-enter wagon market with V60 in early '14

Volvo will return to the U.S. station wagon market in early 2014 after a two-year hiatus with the V60. Volvo decided not to offer the compact V60 in the United States when the vehicle was redesigned for the 2011 model year. Read More »

image
HANS GREIMEL:

This Toyota Group hybrid has small sales, huge size

While the sales tally for these Toyota Group hybrids aren't huge, the vehicles themselves are big. Really big. In fact, given they are light, medium and heavy-duty trucks, it's perhaps surprising that Hino Motors sold any at all. Read More »

image
EURO ZONE CRISIS:

Chill in car sales spreads to northern Europe

Dealers in northern Europe are feeling the chill after a slump in new-car sales spread to countries such as Germany, the Netherlands and Sweden. The outlook is grim for some markets that had until now escaped the worst of the euro zone debt crisis. Read More »

image
INDIA:

Fiat bets on SUVs and sporty cars in India reboot

Fiat will open a fully-owned dealer network in India almost a year after it ended an unsuccessful partnership with Tata to build and distribute cars in the country. Fiat hopes to crack the world's seventh-largest car market by tapping into fast-growing areas such as SUVs and sporty cars. Read More »

image

VW finance arm pushes to go paperless

VW Credit, Volkswagen Group of America's captive finance company, wants its dealers to file consumer loan applications and submit signed agreements electronically, down to the last piece of paper. Read More »

image
Q&A:

Chase auto unit CEO is bullish on lending outlook

Marc Sheinbaum has been CEO of Chase Auto Finance since 2007. Though he will leave the finance company at the end of March, Sheinbaum remains bullish on the outlook for continued growth in auto lending this year. Read More »



Rocket Fuel