Headlines for Tuesday, May 21, 2013

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LUCA CIFERRI:

U.S. and Brazil bright spots for Fiat-Chrysler as Europe declines

Global April sales for Fiat-Chrysler show how much the Americas, especially the U.S. and Brazil, are supporting the automaker as deliveries in Europe fall. Read More »

NADA, automakers reach out with aid for tornado victims

The National Automobile Dealers Association and several automakers are reaching out with assistance to dealers and victims affected by Monday's tornado in Oklahoma. Read More »

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First Shift: How Toyota outshines BMW

Hybrids help lift Japanese brand's value to $24.5 billion; Tesla's U.S. loan repayment imminent; not always easy going 'viral.' Read More »

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Lutz's VL Automotive, Chinese supplier bid $20 million for Fisker, report says

A boutique carmaker led by a former GM executive Bob Lutz and China's largest auto parts supplier submitted an offer of $20 million to buy cash-strapped automaker Fisker Automotive, people familiar with the matter told Reuters today. Read More »

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AutoNews Now: Subaru's hot streak

Brand racks up U.S. sales gains, Forester wins in Consumer Reports; Marchionne: Sorry for slur; Mercedes app pays off. Read More »

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Marchionne apologizes for 'wop engine' comment

Chrysler-Fiat CEO Sergio Marchionne has issued a written apology to an Italian-American anti-bias organization for saying at the Detroit auto show that an Alfa Romeo needed a "wop" engine. Read More »

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VW to modify late-model diesels to prevent improper fueling

Volkswagen plans to refit more than a quarter million 2009-12 diesel cars to prevent North American customers from mistakenly pumping gasoline into the fuel tanks. Read More »

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Subaru Forester tops Honda CR-V in small SUV review

The Subaru Forester small SUV beat the Honda CR-V and other rivals in testing by Consumer Reports, which ranked the model as its top pick in that segment. Read More »

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Two Denso executives to plead guilty to price fixing, U.S. says

Two executives at Toyota-affiliated supplier Denso have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the federal Justice Department said today. Read More »

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Marchionne apologizes for 'wop engine' comment

Fiat-Chrysler CEO Sergio Marchionne has issued a written apology to an Italian-American anti-bias organization for saying that an Alfa Romeo needed a "wop" engine. Read More »

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LUCA CIFERRI:

U.S. and Brazil bright spots for Fiat-Chrysler as Europe declines

Global April sales for Fiat-Chrysler show how much the Americas, especially the U.S. and Brazil, are supporting the automaker as deliveries in Europe fall. Read More »

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Ford to maintain Canadian factory footprint despite high labor costs

Ford is confident it can preserve its manufacturing profile in Canada despite uncompetitive operating costs tied to the high Canadian dollar, the company's top executive in the country said today. Read More »

Automakers, dealers remain opposed to bill preventing rental firms from renting recalled vehicles

Major automakers and auto dealers told a Senate panel Tuesday that they remain opposed to legislation that would prohibit rental car companies from renting or selling vehicles that are subject to a federal safety recall. Read More »

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Auto dealers escape worst of tornado's wrath

Car dealers were recovering from damage and organizing aid to survivors today after a two-mile-wide tornado ravaged an Oklahoma City suburb, but there were no reports of the massive twister directly hitting dealerships. Read More »

2 congressmen ask Treasury for details on 2008-09 dealership closures

Two congressmen -- one a former Ohio auto dealer and the other a Pennsylvania new- and used-car dealer -- have asked the U.S. Treasury Department to release materials detailing how General Motors and Chrysler dealerships were selected for closure during the 2008-09 restructuring. Read More »

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GM engineer on Chevy, VW diesel war

Mike Siegrest, a 35-year General Motors veteran, briefly worked on the failed Oldsmobile diesel V-8 from the 1980s. Now, he and his team are equipping GM's first diesel car since that decade: the 2014 Chevy Cruze diesel. It arrives in showrooms in June. Read More »

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Former Saab CEO Jonsson, two other execs arrested on tax charges

Three former Saab executives, including former CEO Jan-Aake Jonsson and Chief Financial Officer Karl-Gustav Lindstroem, were arrested by Swedish prosecutors in an accounting-fraud probe. Read More »

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French car orders fall 0.5% in April, survey says

The decline in French car orders slowed to 0.5 percent in April, showing signs of stabilization in the auto market, according to a dealership survey by trade publication La Lettre Auto K7. The survey said orders were helped by the launch of several new models last month. Read More »

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Mercedes workers end strike in S. Africa

A two-day strike at Mercedes-Benz's East London car plant in South Africa ended following crisis talks between management and a workers union. Read More »

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Magneti Marelli expands China production of lighting components

Magneti Marelli has opened a plant in the southern China city of Foshan to produce rear lights, headlamps and other lighting components. The company aims to secure a 10 percent share of China's lighting market in the midterm. Read More »

Schaeffler confirms 2013 outlook, net debt

German supplier Schaeffler has confirmed its annual forecast for revenue growth of about four percent and an operating profit margin of approximately 13 percent, despite a drop in first-quarter revenue of 3.6 percent to 2.8 billion euros ($3.6 billion). Read More »

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German brands enjoy sales boom in Korea

South Korea has become a growth market for BMW, Mercedes and Audi as lower tariffs make their cars cheaper and local buyers abandon a decades-long preference for domestic brands. Read More »

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Dongfeng-PSA sales rise 37% in April on new models

PSA's China joint venture with Dongfeng Motor Corp. said it increased sales 37 percent last month to 45,303 units helped by strong demand for its stretched Citroen C4 and Peugeot 3008 models. Read More »

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2013 RISING STARS:

Automotive News Europe salutes Nick Collins

Automotive News Europe salutes the winners of the 2013 Rising Stars awards. Every day until June 12 one of the 18 winners will be featured. Today's Rising Star is Nick Collins, Ford of Europe's global vehicle line director for the B segment. Read More »

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L.A. store showcases new cars to idled drivers

L.A. store showcases new cars to idled drivers

Dealer Hani Nassif is putting Hyundais face-to-face with gridlocked motorists – both day and night. The cars are housed in a massive glass display bridge alongside Interstate 405 near Los Angeles. Mon., June 9
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