Headlines for Tuesday, April 30, 2013

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APRIL U.S. AUTO SALES

Detroit 3 gain Q1 market share for first time since 1993

10:20 am U.S. ET | April 30, 2013
For the first time in two decades, GM, Ford and Chrysler pulled off a sweep in the first three months of a year in the United States, with all three gaining market share in 2013's first quarter.

VIDEO: AutoNews Now: A triple triumph in Detroit

12:01 am U.S. ET | April 30, 2013
Ford, Chrysler and GM gain U.S. market share in Q1, first time since '93; a pickup in pickup sales; GMC Sierra's 'alert' seat.

Farley: Lincoln MKZ sales rebound, set record in April

4:21 pm U.S. ET | April 30, 2013
Ford said it sold more Lincoln MKZ sedans in April than in the first three months of the year combined, as the luxury brand began to recover from lengthy production and distribution delays on the car.

VIDEO: First Shift: Calm on U.S. sales sea

12:01 am U.S. ET | April 30, 2013
Snyder: Consumer response to tax hikes is April's wildcard; U.S. subpoenas Tesla in trading probe; Smart USA's new chief.

Chrysler's outlook raised to positive from stable by S&P

6:39 pm U.S. ET | April 30, 2013
Chrysler Group may get an upgrade in its credit rating in the next 12 months, said Standard and Poor's, which raised Chrysler's outlook Tuesday to "positive" from "stable." S&P changed its outlook on the company to positive even after Chrysler posted a 65-percent drop in first quarter profit.

Toyota 2015 fuel cell vehicle to cost between $50,000 and $100,000

5:51 pm U.S. ET | April 30, 2013
The cost of a completed hydrogen fuel cell vehicle today is 1/20th of what it was when current prototypes were being developed, Toyota says, paving the way for a workable business model and improved sales prospects.

Casting and machining suppliers merged to create Chassix

4:57 pm U.S. ET | April 30, 2013
Platinum Equity, a California private equity firm controlled by Detroit Pistons owner Tom Gores, said it has merged two of its Michigan automotive suppliers. Diversified Machine and SMW Automotive, both under the Platinum Equity portfolio, are now Chassix.

Ford Crown Victoria police cars being probed by NHTSA

3:54 pm U.S. ET | April 30, 2013
Older model Ford Crown Victoria police cars are the focus of an upgraded defect investigation by federal safety regulators, the National Highway Traffic Safety Administration said today. The agency also said it taking preliminary looks at the Porsche 911 and Dodge Viper sports cars.

Sirius wants to expand auto offerings to telematics, new CEO says

2:51 pm U.S. ET | April 30, 2013
The new CEO of satellite radio company Sirius XM Radio thinks radio is a good business, but for the future he said opportunities may lie with in-car services like automated safety.

TRW Q1 profits fall 21%, but Europe troubles mitigated

11:56 am U.S. ET | April 30, 2013
Safety and braking components supplier TRW Automotive's first-quarter profits fell, but results from China and elsewhere helped mitigate reduced business in the troubled European market.

Ford enters Myanmar with Yangon dealer as U.S. relations improve

1:03 pm U.S. ET | April 30, 2013
Ford said it began operating today in Myanmar, a country isolated for five decades until the United States eased sanctions last year.

Tesla probed over stock trading plans, report says

12:35 pm U.S. ET | April 30, 2013
Federal prosecutors have sent subpoenas to Tesla Motors asking for documents and e-mails relating to a trading plan that allows executives to sell company stock, The Wall Street Journal said today, citing a person familiar with the probe.

Once a product planner, former Renault executive Pelata now mines data

April 30, 2013 06:01 CET
Former Renault COO Patrick Pelata had plenty of job possibilities after leaving automaker. He now sells customer-retention software from an office in San Francisco.

Buy-sell activity, dealership values on the rise

11:12 am U.S. ET | April 30, 2013
Dealership buy-sell activity rose sharply at the end of 2012, and the upswing, which is pushing dealership values higher, is continuing during the first half of 2013.

Pelata on Renault's spy scandal: 'I had to leave'

April 30, 2013 06:01 CET
Former Renault COO Patrick Pelata fell on his sword to save his boss and friend Carlos Ghosn -- and maybe his company. Pelata left the automaker after a botched espionage investigation.

VW eyes China growth to ease pain in Europe

April 30, 2013 06:01 CET
Volkswagen expects sales in China this year to outpace total sales volume in the market, which the carmaker believes will increase 6 percent to 8 percent.

PSA unions back job-cuts plan, French plant closure

April 30, 2013 06:01 CET
PSA has received the backing of five of its six main unions to push ahead with plans to eliminate 11,200 jobs and shutter a French factory, a central part of wide-ranging reforms at the French carmaker aimed at halting ongoing losses.

Audi sticks with medium-term margin outlook

April 30, 2013 14:04 CET
Audi will stick with its outlook for a medium-term operating margin of 8-10 percent after it reported an easing of the first-quarter margin to 11.1 percent from 11.4 percent the year before.

Daimler and Renault may build a large van together

April 30, 2013 11:34 CET
Daimler and Renault said they are holding discussions to build a large van together as part of a possible expansion of their existing partnership.

Porsche SE is optimistic of prospects in German investor lawsuits

April 30, 2013 11:04 CET
Porsche SE, the family-owned company that controls a majority stake in Volkswagen, remains confident of success in lawsuits in a German court over alleged market manipulation during a failed takeover of VW in 2008.

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