Headlines for Tuesday, April 2, 2013

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Tesla offering special financing plan for Model S sedan

Tesla Motors has joined forces with USBank and Wells Fargo Bank to create vehicle financing and leasing products that allow consumers to lease a Model S electric sedan for a net payment of about $500 a month after a 10 percent down payment and calculated savings. Read More »

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AutoNews Now: March brings sales lift

Forester sends Subaru climbing, Detroit 3, VW gain, Korean rivals slip; buyers ignore fiscal woes; pivotal role for Mazda3. Read More »

Ford volume climbs 6% on pickups, crossovers

Ford Motor Co.'s U.S. sales in March were its highest since May 2007, the company said today, led by sales of pickups and crossovers. Read More »

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Ford, Chrysler see Canadian sales climb; GM falls

New vehicle sales in Canada at both Ford and Chrysler accelerated in March, lifted by strong demand for pick-up trucks, the companies said today. GM sales fell 11 percent during the month. Read More »

Kia down again; March sales fall 15%

Kia Motors America’s March sales tumbled 15 percent from the all-time monthly sales record set in March 2012, the company said today. Read More »

Toyota's sales edge up 1%; Camry slips

Toyota Motor Sales U.S.A.'s U.S. sales edged up 1 percent in March, to 205,342 units. That lagged the industry's 3 percent gain, but was enough to make March the automaker's best month in terms of volume since the federal cash-for-clunkers program in August 2009. Read More »

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GM sales rise 6%, led by Cadillac, Buick

General Motors' U.S. sales rose 6 percent in March, the company said today, as new nameplates helped Cadillac achieve a 50 percent gain and Buick rise 37 percent. Chevrolet sales rose just 1 percent, hindered largely by 22 percent declines for the Malibu and Impala sedans. Read More »

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U.S. sales climb again, reach volume last seen in '07

In the highest-volume month since August 2007, automakers broadly advanced to sell 1.45 million light vehicles in March. That's only 3 percent higher than strong year-earlier results. But the seasonally adjusted annual selling rate of 15. Read More »

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MARCH U.S. SALES:

Honda, Detroit 3 set pace as March sales advance 3%

Light-vehicle sales -- led by strong pickup and crossover demand at Detroit's automakers -- rose 3 percent to 1.45 million units last month, slightly below forecasts but a positive signal the spring selling season is off to a solid start. It was the industry's best month since 1. Read More »

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Subaru recalls 2005-2009 Legacys and Outbacks to check brakes

Subaru is recalling about 225,000 Legacy and Outback sedans and wagons from model years 2005-2009 in the United States and Canada to check for corroded brake lines. Read More »

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AUTOMOTIVE NEWS EUROPE E-MAGAZINE:

Race for luxury lead heats up

Audi and Mercedes are both vying to be the world's No. 1 luxury brand as the race heats up to topple BMW from the top position. The three premium giants not only want to lead with the most sales, but also in profitability and with the desirability of their products. Read More »

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French March car sales decline 16.4%

French car registrations fell 16.4 percent in March and 14.7 percent overall in the first quarter, according to figures from CCFA, the country's main auto industry body. Read More »

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U.S. light-truck sales, March & YTD

This is data compiled by the Automotive News Data Center and requires a Data Center subscription to access. Read More »

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U.S. car sales, March & YTD

This is data compiled by the Automotive News Data Center and requires a Data Center subscription to access. Read More »

Hyundai volume drops 2% on tight Sonata supplies

Hyundai Motor America today said its U.S. sales fell 2 percent in March as Sonata sales fell because of inventory limitations, more than offsetting record sales of its compact cars. Read More »

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U.S. light-vehicle sales by nameplate, March & YTD

This is data compiled by the Automotive News Data Center and requires a Data Center subscription to access. Read More »

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U.S. total vehicle sales by make, March & YTD

This is data compiled by the Automotive News Data Center and requires a Data Center subscription to access. Read More »

Infiniti moves summer sale into April to build on strong March

Infiniti will attempt to extend its strong March floor traffic by moving up its annual summer sales event into April, a senior Infiniti manager said today. The luxury make will hold its first spring sales event near the middle of this month and has already produced national TV spots to support it. Read More »

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Accord fuels Honda gains in March

Boosted by strong Accord sales and new Acura products, American Honda's March sales of 136,038 units rose 7 percent over last March's numbers. Read More »

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BMW's March advance trims Mercedes lead in U.S. luxury race

BMW AG reported a 13 percent U.S. sales increase in March, cutting into the luxury-auto lead of Mercedes-Benz as both brands set records for the month. Read More »

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Chrysler sales up 5%; pickups, mid-sized sedans jump

Record sales of pickups and mid-sized sedans boosted Chrysler Group sales by 5 percent in March, extending a string of consecutive monthly sales increases to 36. Read More »

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Faurecia wins approval to build new NA headquarters

Faurecia North America Inc. has received final approval to build a three-story, 278,000-square-foot North American headquarters in suburban Detroit that will house the company's administration and a technical center for its automotive seating and exteriors units. Read More »

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MIKE COLIAS:

Cadillac tries to overcome walk-on status

When I was in college, I walked onto the football team. It didn't take long for me to grasp a cold reality: To get the coaches' attention, I had to be better than the scholarship players. That's where Cadillac is today in its quest to play on the same field with the German luxury brands. Read More »

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JESSE SNYDER:

What’s that odd, pleasant feeling?

Feel like something’s missing, but can’t quite put your finger on it? The chaos is missing. Look around. Everybody is quietly working away. Read More »

German automakers face trade probe in Korea

Four German automakers have been raided by South Korea's Fair Trade Commission on suspicion of price fixing and collusion, the importers' association says. Read More »

Obama selects key auto bailout figure for deputy budget director

President Obama said he intends to nominate White House aide Brian Deese as the new deputy director of the White House Office of Management and Budget. Read More »

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Beetle marketing push pays off for VW

Volkswagen brand's vehicle sales rose 3 percent last month from a year earlier with most of the gains coming from one nameplate: the Beetle. The brand sold 37,704 vehicles in March, its third straight month of single-digit sales increases after a nearly two-year run of double-digit gains. Read More »

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Chrysler's Saad Chehab on marketing and minivans

Beirut native and Detroit-educated Saad Chehab joined Chrysler from Ford in 2009. He led the Chrysler brand to a 39% gain in U.S. sales last year. In this segment, Chehab addresses the brand's marketing strategy, the fate of the Town and Country minivan and the possibility of more nameplates. Read More »

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NHTSA checking 2006-08 Hyundai Sonatas after reports of rusted suspension frames

The National Highway Traffic Safety Administration is checking Hyundai Sonatas from the 2006-08 model years in response to complaints about rusted rear suspension frames. Read More »

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GM Financial completes $2.6B deal for Ally units in Europe, Latin America

Ally Financial said it completed the sale of most of its operations in Europe and Latin America to General Motors Financial for about $2.6 billion. Ally, in a statement today, said it will get about $2.4 billion at closing and about $190 million in dividends prior to closing from the GM unit. Read More »

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LUCA CIFERRI:

BMW, Audi show off rival visions

The escalating rivalry among Germany's premium automakers was fully on show at the annual financial results conferences of Audi and BMW. Read More »

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Lear reaches deal with dissident shareholders, expands buyback

In the midst of a proxy fight with dissident investors, Lear announced an agreement with shareholders Marcato Capital Management and Oskie Capital Management to expand a stock buyback and keep the hedge funds' nominees off Lear's board. Read More »

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LUCA CIFERRI:

BMW, Audi show off rival visions

The escalating rivalry among Germany's premium automakers was fully on show at the annual financial results conferences of Audi and BMW. Read More »

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First Shift: Sonata corrosion probe

Suspension failures reported; bailout to budget post; Fiat's electrifying perk; methanol at the pump?; Mazda's movie enterprise. Read More »

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VW to drop Routan minivan

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

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Ghosn, Mulally revive touchy Japanese currency issue

A long-distance debate last week between two CEOs -- Ford's Alan Mulally and Renault-Nissan's Carlos Ghosn -- reignited a hot-button debate in the industry over the value of the Japanese yen. Is the weakening value of the yen giving the Japanese an unfair edge? Read More »



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