Headlines for Friday, May 10, 2013

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LUCA CIFERRI:

Europe will end 18-month sales slump with positive April

Strong April UK car sales and a solid rebound in Germany last month will help western Europe end 18 consecutive months of year-on-year declines, analysts predict. Despite this, market watchers have stopped short of saying Europe is on the verge of an extended turnaround. Read More »

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Customer Incentives

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

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AutoNews Now: Diving into driverless future

Technology pushes cars toward full autonomy, but not everybody's happy; Look, no wires either; Lapham: Ford's idle-stock talk. Read More »

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Ghosn sees more tough times in Europe; record global sales for Nissan

Renault-Nissan CEO Carlos Ghosn said that while he expects Nissan's global retail sales to reach a record this year, he doesn't see any growth in Europe before 2016. Read More »

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Honeywell chooses Hahn to head auto division

Honeywell has named Terrence Hahn president and CEO of its Transportation Systems division, which is a leading maker of turbocharges that counts on Europe for more than half its sales. He starts May 20. Read More »

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Corvettes from 2005-2007 being probed over headlight problems

Federal auto safety regulators have launched a preliminary investigation into the Chevrolet Corvette from model years 2005 to 2007, citing dozens of complaints that the car's headlights can turn themselves off without warning. Read More »

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Porsche unit names Joe Lawrence as new COO for U.S.

Porsche Cars North America is bringing in Joe Lawrence, CEO of Canadian operations, to take over as chief operating officer in the United States, the company's largest market. Read More »

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Airbag supplier Takata names first foreign president

Japan's Takata, reeling from its role in a global airbag recall, said today it will replace its president with Swiss national Stefan Stocker, the first foreigner in the post. Read More »

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North America car and truck production - 05-13-2013

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

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N.J. dealership sues Chrysler to prevent franchise terminations

A Chrysler Group dealership in central New Jersey has filed a lawsuit to halt the automaker's efforts to terminate the dealership's franchises for failing to improve to factory standards. Read More »

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Colorado franchise bill headed to governor

Dealer-backed legislation introduced last month in Colorado to significant manufacturer opposition has passed the state Legislature and is headed to the governor. Read More »

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Magna stock hits record high as Q1 profits improve, forecast rises

Magna International shares hit a record high today as the Canadian supplier hiked its full-year sales forecasts after posting a better-than-expected profit and a 9 percent rise in revenue in the first quarter. Read More »

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Penske raises dividend 7%

Penske Automotive Group increased its quarterly dividend by 7 percent, to 15 cents per share, for the first quarter, the company announced today. Read More »

NLRB likely to certify UAW to represent Flex-N-Gate workers at Texas plant

The National Labor Relations Board likely will issue a certification today confirming the UAW as bargaining representative for hourly workers at a Flex-N-Gate Corp. plant in Arlington, Texas. Read More »

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Porsche unit names Joe Lawrence as new COO for U.S.

Porsche Cars North America is bringing in Joe Lawrence, CEO of Canadian operations, to take over as COO in the United States, the company's largest market. Read More »

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Hyundai mulls 4th China plant, vice chairman says

Hyundai Motor is considering building a fourth car plant in China, its vice chairman said today, as the company seeks to increase production overseas to counter the effect of a firm local currency, a falling yen, and labor issues. Read More »

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Airbag supplier Takata names first foreign president

Japan's Takata, reeling from its role in a global airbag recall, said today it will replace its president with Swiss national Stefan Stocker, the first foreigner in the post. Read More »

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Nissan debuts new corporate logo

Nissan Motor Co. has gone buttoned-down with a new steel-blue logo that spells out -- literally -- the distinction between Nissan the company and Nissan the brand. Read More »

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DAVE GUILFORD:

Next hurdle for hot Tesla is pushing EVs mainstream

Tesla has had one hell of a week. It reported its first quarterly profit. It's brainstorming self-guided cars with Google. The stock is sizzling. Read More »

Renault-Nissan parts warehouse in India nearly destroyed by fire

A major warehouse supplying parts to a Renault-Nissan plant in India was almost destroyed by fire early on Thursday, but the incident is unlikely to affect alliance operations in the country, Nissan said today. Read More »

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Nissan Q4 profit jumps 46%

Nissan today reported a 46.1 percent rise in its quarterly net profit to 110 billion yen ($1.11 billion). Read More »

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Longtime supplier exec McClure out as Meritor CEO

Longtime auto supplier executive Charles "Chip" McClure has departed as chairman, CEO and president of commercial truck supplier Meritor. Read More »

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First Shift: China's drag on Nissan

Annual profit barely up, but quarterly net grows 46%; Bill Ford urges investor patience; Jeep dealer finds a custom solution. Read More »

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Audi's tight U.S. supply, fast turn rate lift dealer profitability

Audi of America President Scott Keogh is presiding over a brand with momentum, with U.S. sales up 16 percent through April and a batch of new vehicles launched or on tap. Keogh, 44, became president of Audi of America in June, a promotion from chief marketing officer. Read More »

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Infiniti names veteran powertrain engineer as head product planner

Infiniti has named powertrain specialist Toshihiro Hirai as global head of product planning as it tries to strengthen the marque's identity. Read More »

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Bosch launches residential EV charger in U.S. for under $450

A unit of German supplier Robert Bosch GmbH said it will begin selling an electric-vehicle residential charging station in the United States for a retail price below $450. Read More »

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Visteon reports $69 million profit for first quarter

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. Read More »

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Mercedes USA CEO: Customer service will be 'my legacy'

Mercedes-Benz USA CEO Steve Cannon says customer service will be "the next major battlefield for all luxury manufacturers" and will be Cannon's main priority over the next five years. Read More »

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Tesla CEO talking with Google about 'autopilot' systems

Tesla CEO Elon Musk said the electric-car maker is considering adding driverless technology to its vehicles and discussing the prospects for such systems with Google Inc. Read More »

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Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

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