Headlines for Thursday, May 9, 2013

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VIDEO: Infiniti store gets new life with hybrid employees

12:01 am U.S. ET | May 9, 2013
Jeff Lupient began overhauling his family's automotive group when he took over as interim general manager at a money-losing Infiniti store near Minneapolis in 2007. To trim costs, Lupient started running the 'bloated' dealership like a boutique.

VIDEO: AutoNews Now: Reinventing Infiniti

12:01 am U.S. ET | May 9, 2013
From new car names to global product post, luxury marque transforms; Painter on why TrueCar conceded; Audi's Trek treat.

In boon for Japan's automakers, yen tumbles over milestone

10:21 pm U.S. ET | May 9, 2013
Toyota's half-decade of fighting the yen is over, at least for now. The weakening yen breached 100 against the dollar in U.S.

Tesla Model S wins high praise from Consumer Reports

6:00 am U.S. ET | May 9, 2013
The all-electric Tesla Model S sports car received the highest score in Consumer Reports' ratings -- a 99 out of 100 -- along with widespread plaudits from the magazine's automotive testing staff.

Renault-Nissan parts warehouse in India nearly destroyed by fire

3:48 pm U.S. ET | May 9, 2013
A major warehouse supplying parts to a Nissan-Renault alliance plant in India was almost destroyed by fire early today, a Nissan spokeswoman said, possibly affecting production at the plant that makes 400,000 vehicles a year.

VIDEO: First Shift: Profit and praise for Tesla

12:01 am U.S. ET | May 9, 2013
Start-up EV maker ends string of losses, Model S wows Consumer Reports; new CEO for Mazda; Lexus pushes 'fun' factor.

Bosch launches residential EV charger for under $450

4:52 pm U.S. ET | May 9, 2013
A unit of German supplier Robert Bosch GmbH said it will begin selling an electric-vehicle residential charging station for a retail price below $450.

Bill Ford tells shareholders to be patient about stock price

11:21 am U.S. ET | May 9, 2013
Executive Chairman Bill Ford asked for patience from Ford Motor investors who pressed him about the company's languishing stock price at the automaker's annual meeting here today. Despite 15 straight profitable quarters, Ford's share price has lagged the S&P 500's gains for about two years.

Jaguar positions F-Type roadster with historic 'baddest boy' bloodline

2:51 pm U.S. ET | May 9, 2013
Jaguar is launching its first two-seat roadster since Steve McQueen tooled around Hollywood in his E-Type in the 1960s.

Infiniti names veteran powertrain engineer as head product planner

2:27 pm U.S. ET | May 9, 2013
Infiniti has named powertrain specialist Toshihiro Hirai as global head of product planning as it tries to strengthen the marque's identity.


Silverado hand-wringers should relax -- for now

12:15 pm U.S. ET | May 9, 2013
There was hand-wringing, even some flat out panic, when General Motors unwrapped its next-generation Chevrolet Silverado in December. Many dealers, enthusiasts and writers questioned whether the pickup's design went far enough.


Slow and steady wins at Subaru

10:32 am U.S. ET | May 9, 2013
Score one for the tortoise. Subaru's plan to invest $400 million to expand its Indiana auto factory is evidence that a long-term business outlook and a steady commitment to growth are worth more than neon headlines and Wall Street drooling.

Visteon reports $69 million profit for first quarter

9:00 am U.S. ET | May 9, 2013
Visteon, the restructured electronics and climate controls supplier, reported major gains in first-quarter profits and revenue on higher vehicle production in Asia and North America.

Infiniti picks veteran Nissan stylist Albaisa for new global design post

May 9, 2013 06:01 CET
Infiniti has named a global design chief as part of the luxury brand's ongoing effort to distance itself from parent company Nissan's mass-market Nissan marque.

Microsoft wants to become key player in auto software

May 9, 2013 06:01 CET
Having reshaped a big piece of the world's economy around its Windows software, Microsoft now wants to do the same thing in the car business. What the Seattle giant sees there says as much about the future of cars as it does about itself.

Volkswagen recalls 91,000 cars in Japan on transmission problems

May 9, 2013 12:02 CET
Volkswagen said today that it is recalling around 91,000 cars in Japan, citing potential transmission problems that have already led to the recall of 384,181 vehicles in China.

Mazda names production chief Kogai next CEO

May 9, 2013 06:01 CET
Mazda has appointed Masamichi Kogai its next CEO. The production and purchasing specialist replaces Takashi Yamanouchi, who led the carmaker to its first annual profit in five years.

China passenger-vehicle sales rise 13% in April

May 9, 2013 08:49 CET
China's passenger-vehicle sales rose 13 percent in April on rising demand for new models in the world's biggest vehicle market.

BMW under inspection in India after report of tax probe

May 9, 2013 06:01 CET
BMW has said it is cooperating with Indian authorities after a newspaper reported the automaker is being investigated for possibly owing $120 million in taxes.


Former Chrysler exec Hausch joins Nissan Europe

May 9, 2013 06:01 CET
Chrysler's former Europe chief, Thomas Hausch, will head Nissan's operations in Germany, Austria, and Switzerland. Hausch started the role with the Japanese automaker on May 1.


Kia Europe boss sees growth despite tough market

May 9, 2013 06:01 CET
Kia Europe President Brandon Yea believes the brand will continue its growth in the region this year despite tough economic conditions. Kia is sticking to its target of boosting annual sales to 420,000 by 2016 in the EU and EFTA markets from 338,000 last year. The brand's vehicle sales were up 3.

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