Headlines for Tuesday, April 16, 2013

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HyundiMobis says it has $530 million lamp order from Chrysler

12:01 am U.S. ET | April 16, 2013
South Korea's Hyundai Mobis said on Tuesday it won a $530 million order to supply automotive lamps to U.S. automaker Chrysler Group LLC -- its biggest lamp deal ever.

Ex-Hyundai Europe boss to run VW India

April 16, 2013 06:01 CET
VW has promoted Gerry Dorizas, its veteran head of sales in India and a former chief of Hyundai Europe, to run its overall operations in the country.

Consumer acceptance key to autonomous vehicles, SAE panel says

6:05 pm U.S. ET | April 16, 2013
The biggest barrier to autonomous vehicles could end up being consumer acceptance, one expert said during a panel discussion on driver distraction that marked the first day of the SAE World Congress here on Tuesday.

VIDEO: AutoNews Now: From car to 'mobile PC'

12:01 am U.S. ET | April 16, 2013
High-tech graphics add new dimension to maps, safety technology; Reuss: Chevy truck to target Toyota; accelerating aluminum.

GM's Reuss: No price pressure yet, but falling yen is a 'threat'

3:04 pm U.S. ET | April 16, 2013
The falling value of the Japanese yen poses "a real threat" to General Motors as it seeks to gain U.S. market share this year amid a slate of new-vehicle launches, GM North America chief Mark Reuss said today.

GM global sales rise 3.6% to retain lead over Volkswagen

April 16, 2013 15:57 CET
General Motors said worldwide sales rose 3.6 percent during the first quarter, keeping its lead over Volkswagen by about 90,000 vehicles.

VIDEO: First Shift: Ford's big goal for China

12:01 am U.S. ET | April 16, 2013
A plan to double share to 6 percent; Volvo's take on luxury; green car's 'new dimension of efficiency'; PACE Award winners.

Wheel maker Superior to build plant in Chihuahua, Mexico

3:36 pm U.S. ET | April 16, 2013
Aluminum wheel supplier Superior Industries International is planning to build a wheel plant in Chihuahua, Mexico. The California company, which had a sharp drop in fourth-quarter profits, said last month that it would build a plant in Mexico but had not picked a location.


The story behind low Acura ILX production numbers

2:18 pm U.S. ET | April 16, 2013
Those with keen eyesight will have noticed an aberration in the production numbers listed by the Automotive News Data Center. The Honda plant in Indiana built just 91 units of the nearly new Acura ILX entry-luxury sedan in March. This came after a couple of previous slower months.


Good news for sellers: Blue sky values appear strong

1:05 pm U.S. ET | April 16, 2013
It appears blue sky values are back, even at dealerships in distress. Take two recent examples out of California.

Key Safety Systems sells sensor subsidiary for $145 million

12:51 pm U.S. ET | April 16, 2013
Key Safety Systems has agreed to sell its sensor subsidiary Hamlin to Chicago-based Littelfuse for $145 million.

California regulator scolds carmakers on EV petition

12:25 pm U.S. ET | April 16, 2013
Automakers are undermining the progress they're making in expanding the market for electric cars and other zero-emission vehicles by petitioning against California's mandates, a state regulator said today.

Alcoa expects to triple its automotive aluminum sales by 2015

10:42 am U.S. ET | April 16, 2013
Alcoa expects to more than triple its sales of aluminum sheet to automakers by 2015 as they reduce car weight by substituting it for steel in car bodies, an Alcoa executive said.

GM global sales rise 3.6% to retain lead over Volkswagen

9:57 am U.S. ET | April 16, 2013
General Motors said worldwide sales rose 3.6 percent during the first quarter compared with last year, keeping its lead over Volkswagen AG by about 90,000 vehicles.

VW, BMW, Daimler plan $25 billion hedge by building more autos abroad

April 16, 2013 08:34 CET
Volkswagen and its German peers are planning to spend more than $25 billion by 2017 to expand production outside their home region and insulate themselves from currency convulsions.

Porsche's criminal probes may help investors' German lawsuits

April 16, 2013 13:34 CET
German lawsuits from investors seeking 4 billion euros ($5.2 billion) from Porsche SE over its failed takeover of Volkswagen may be helped by details from ongoing criminal probes into senior company executives.


Italy's car dealerships decrease 31% in 5 years

April 16, 2013 13:48 CET
The number of Italian car dealerships has fallen 31 percent since 2007, including a 7 percent drop last year, according to figures released today by the automotive think tank Quintegia.

PSA bank rating cut to junk by Moody's on Europe car-sales slump

April 16, 2013 11:04 CET
PSA's bank was cut to one level below investment grade by Moody's Investors Service today, which said the auto-financing unit can't escape the European car-market contraction plaguing its parent.

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