Headlines for Friday, May 17, 2013

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The death of driving? Don't make any funeral plans

11:29 am U.S. ET | May 17, 2013
You know that study that just came out declaring “the end of the driving boom,” because Gen Y supposedly doesn't care about cars? Ignore it.

Europe car sales rise for first time in 19 months

May 17, 2013 08:34 CET
European car sales rose for the first time in 19 months on strong demand in the UK and a rebound in Germany. Registrations in April increased 2 percent to 1.08 million vehicles from 1.06 million cars a year earlier, industry association ACEA said.

VIDEO: AutoNews Now: Family-friendly Nissans

12:01 am U.S. ET | May 17, 2013
Pathfinder climbs to top of best family-car list; automaker sees more repeat buyers; Lapham on idea of Fiat moving to U.S.


2 million extra doors was the best call Daimler made during 'marriage of equals'

12:35 pm U.S. ET | May 17, 2013
It's easy to criticize the way Daimler AG ran and ultimately left Chrysler during the disastrous "marriage of equals" era. I know because I've done it on a regular basis. But even the worst marriages can produce spectacular kids -- or in this case, products.


Nissan lures feathered pickup customers with fish, no rebates

10:57 am U.S. ET | May 17, 2013
If Nissan wants to portray its made-in-the-U.S.A. Frontier compact pickup as more, well, American, the company's marketing team should take a gander at YouTube.

PSA workers end 4-month strike over car plant closure

May 17, 2013 15:05 CET
Workers at a PSA factory near Paris have agreed to end a four-month strike in protest against the planned closure of the plant.

GM shares return to $33 IPO price on optimism for truck sales

10:19 am U.S. ET | May 17, 2013
Shares in GM topped its $33 initial public offering price for the first time in more than two years as the automaker prepares to introduce redesigned full-sized pickups.

UAW study chides Nissan for tax breaks at Miss. plant

3:37 pm U.S. ET | May 17, 2013
A research study commissioned by UAW labor organizers claims that Nissan could receive four times the previously reported level of state and local incentives and tax breaks to operate its assembly plant in Canton, Miss.

European car sales post 1st gain in 19 months

5:19 am U.S. ET | May 17, 2013
European car sales rose for the first time in 19 months as a gain in consumer sentiment in countries using the euro led to rebounds in Germany and Spain.


In the Land of Many Buicks, one in particular stood out

3:59 pm U.S. ET | May 17, 2013
If you were an alien from another world and your spaceship landed in Shanghai, you would immediately conclude that Buick is a planetary titan among automotive brands.

Tesla expands share, debt offering to repay U.S. loan, hike cash

10:34 am U.S. ET | May 17, 2013
Tesla Motors increased the size of its equity and debt offerings by 30 percent to as much as $1.08 billion to repay its U.S. loan and build up cash reserves.

Cadillac to offer new twin-turbo V-6 on XTS for 2014

8:11 am U.S. ET | May 17, 2013
Cadillac is adding a new 410-hp, twin-turbo 3.6-liter V-6 engine as an option on the XTS sedan for 2014.

Dow Chemical ordered to pay $1.2 billion in urethane price-fixing probe

12:01 am U.S. ET | May 17, 2013
A federal judge in Kansas City, Kansas, ordered Dow Chemical to pay $1.2 billion in a price-fixing case involving chemicals used to make foam products in cars, furniture and packaging, according to court documents.

In boost to GM and VW, China resumes incentives for foreign auto investment

12:01 am U.S. ET | May 17, 2013
A surprise policy shift in China is expected to give a boost to GM, Volkswagen Group and other foreign automakers planning to expand in the world's largest car market.

VIDEO: First Shift: Akerson's GM pickup pitch

12:01 am U.S. ET | May 17, 2013
CEO says tech-filled truck not built for 'urban cowboy'; Europe snaps losing streak; Fiat downplays reports about HQ move.


New S class key to boosting Mercedes profit margins, China sales

May 17, 2013 06:01 CET
Daimler CEO Dieter Zetsche was leaning back in the rear seat of a prototype Mercedes-Benz S-class sedan in 2010 when he realized it didn't recline far enough.

Fiat says headquarters shift to U.S. is not on agenda

May 17, 2013 06:01 CET
Fiat said the idea of moving the group's legal headquarters to the United States following a planned merger with Chrysler Group is not on the company's agenda.

VW Group sales increase 7% in April

May 17, 2013 12:06 CET
Volkswagen Group's global monthly sales picked up pace again in April after growing at their slowest rate in more than three years a month earlier. VW Group said on Friday that deliveries to customers rose 7 percent to 784,600 vehicles last month.

Russian car sales down 8% in April

May 17, 2013 06:01 CET
Russia's year-on-year car sales fell 8 percent in April after a decline of 4 percent in the previous month, the Association of European Businesses (AEB) said.

VW, GM, others get unexpected boost in China

May 17, 2013 06:01 CET
A surprise policy shift in China is expected to give a boost to VW Group, GM and other foreign automakers planning to expand in the world's largest car market.

Jaguar launches plan to spruce up U.S. stores

May 17, 2013 06:01 CET
Jaguar is rolling out a plan to refurbish its U.S. dealerships in preparation for a wave of new products. Regional Jaguar teams are going "door-to-door" to discuss the new corporate identity standards, starting with about 50 older stores.


Jaguar ponders XQ name

May 17, 2013 06:01 CET
Based on documents submitted to the U.S. Patent and Trademark Office, Jaguar may name the all-wheel-drive compact crossover it has in the works the XQ, and call a new compact sedan the Q-Type, according to news reports.

Tariff played a role in Mexico winning Audi plant

May 17, 2013 06:01 CET
At the groundbreaking for the Q5 plant in San Jose Chiapa, Mexico, Audi CEO Rupert Stadler offered another explanation for deciding not to locate in the United States: The European Union slaps a 10 percent tariff on U.S.-built vehicles.

Audi Q7 will shed weight

May 17, 2013 06:01 CET
The redesigned Audi Q7 that debuts next summer in Europe will weigh about 363kg less than the current model, company insiders said, adding that Audi is also planning a hybrid version of the next-generation large SUV.

At Fiat-Chrysler 'it's all about differentiating the brands'

May 17, 2013 06:01 CET
Olivier Francois, chief marketing officer for Fiat and Chrysler, has helped rehabilitate Chrysler Group's image since its 2009 bankruptcy. Chrysler has racked up 37 consecutive months of year-over-year U.S.

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