Headlines for Friday, June 14, 2013

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AutoNews Now: 'Seeking truth' about Jeeps

As Chrysler refuses recall, NHTSA chief open to new data; Lexus rolls out IS ads; Lapham: Let Lutz have Fisker. Read More »

2013 AUTOMOTIVE NEWS EUROPE CONGRESS:

Tougher emissions goal will give Europe a technology lead, experts say

Europe needs tougher vehicle emissions regulation to give it a technology lead, industry executives and political insiders said at the 2013 Automotive News Europe Congress. Read More »

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Chrysler launches nationwide ad blitz for SRT brand

Chrysler Group, aiming to burnish its credentials with auto enthusiasts, is launching the first nationwide advertising for its SRT performance brand. Read More »

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First Shift: New segments for Lincoln?

Ford expecting sharp growth in premium small cars and crossovers; delay in Toyota case; Garmin's cockpit for cars. Read More »

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Marchionne said to be finalizing Fiat-Chrysler refinancing

Fiat-Chrysler CEO Sergio Marchionne is closing in on refinancing deals for both automakers ahead of a plan to merge the two companies. Read More »

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GM, Chrysler voice support for Detroit on brink of bankruptcy

Two of the automakers most closely associated with Detroit expressed support for the city, which announced plans to miss debt payments on Friday, making it the most populous city in the United States to default since Cleveland in 1978. Read More »

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GM's Barra cuts costs, emerges as CEO contender

Mary Barra is a corporate survivor who has played a role in the soap opera of GM management for a generation, emerging on a very public stage as the leader of the company's $15 billion vehicle development operations -- a role that will largely determine the success or failure of the company for a... Read More »

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NUTS & BOLTS:

Audi is cheaters' top choice, says UK Web site

Audi seems to be suffering from declining loyalty -- or rather, the spouses of Audi owners may be. Read More »

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Supplier IAC files for $115 million IPO

International Automotive Components Group, backed by billionaire U.S. investor Wilbur Ross, filed with U.S. regulators on Friday to raise up to $115 million in an initial public offering of common stock. Read More »

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North America car and truck production - 06/17/13

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

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AutoNation's largest shareholder reduces stake to 32%

AutoNation's largest shareholder, Edward Lampert, has reduced his stake in the nation's biggest dealership group to meet client redemptions from his main hedge fund. Read More »

Chrysler to freeze U.S. salaried pension plans by Dec. 31

Chrysler Group plans to freeze its pension plans for some 8,000 white-collar workers hired in the United States before 2004 by the end of the year. Those workers will be shifted to a defined contribution plan that is offered to salaried workers hired within the last decade, the third-largest U.S. Read More »

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Lithium ion batteries subject to increased testing standards

Underwriters Laboratories, the 119-year-old company that develops product safety tests, is strengthening its lithium-ion battery standards after a string of high-profile battery failures that shed light on the technology's weak spots. Read More »

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JAMES B. TREECE:

Why Europe is a proving ground for rising star executives

The executives who prove themselves in Europe's time of crisis will emerge as the leaders of a reborn, stronger European auto industry. And likewise, many of today's top global leaders showed their mettle during previous difficult times in Europe. Read More »

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Marchionne said to be finalizing Fiat-Chrysler refinancing deals

Chrysler-Fiat CEO Sergio Marchionne is closing in on refinancing deals for both automakers ahead of a plan to merge the two companies, people familiar with the matter told Bloomberg. Read More »

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Nexteer Automotive launches up to $325 million stock offer

Nexteer Automotive, the world's fifth-largest supplier of steering systems, today began launching an initial public stock offering worth up to $325 million in Hong Kong, braving a volatile local stock market and tepid demand for new stock listings here. Read More »

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Ford CFO's sustainability call shows profit part of green push

Ford CFO Bob Shanks' call today concerning the automaker's sustainability efforts shows that going green is falling into the laps of those who control purse strings at more of the world's largest companies. Read More »

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YANG JIAN:

Foreign competition leads to new partnerships in China

In China, auto JVs are common between global brands and state-owned Chinese companies. Today, however, big state-owned automakers and small private domestic companies also are joining forces to better battle major foreign automakers. Read More »

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Akerson: GM's bailout era is over

GM executives eager to shed the stigma of government ownership got two doses of welcome news ahead of last week's annual shareholders' meeting. Read More »

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VW Group sales up 7% in May on China, U.S. demand

VW says global group sales rose 7 percent to 816,500 in May as strong demand in China and the United States continued to help offset weaker deliveries in European markets. Read More »

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AUTOMOTIVE NEWS EUROPE E-MAGAZINE:

Tech edge, global reach help European suppliers, CLEPA boss says

Europe is in a deep slump but the head of the region's suppliers group says many partsmakers are growing their businesses because of their global footprints. Another key for Europe's component makers is to maintain their lead on technology, CLEPA CEO Jean-Marc Gales says. Read More »

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VW-brand China sales rise 19% in May

Sales of Volkswagen's core brand in China rose nearly 19 percent to 197,000 units in May outpacing overall industry sales, which rose just 9 percent. The Lavida sedan and Tiguan compact SUV both helped power demand in the market last month, according to LMC Automotive. Read More »

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YANG JIAN:

Foreign competition leads to new partnerships in China

In China, auto JVs are common between global brands and state-owned Chinese companies. Today, however, big state-owned automakers and small private domestic companies also are joining forces to better battle major foreign automakers. Read More »

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Lutz on Wagoner: Smart, didn't make tough calls

Bob Lutz and Rick Wagoner were cut from different management cloth, according to Lutz in his new book, ICONS AND IDIOTS: Straight Talk on Leadership. Lutz, as General Motors vice chairman, relied heavily on his instincts, while Wagoner, as GM CEO, was deeply data driven. Read More »

N.A. output will reach 11-year high

Automakers are expected to build more than 16 million light vehicles in North America this year, the region's highest output since 2002. Two major forecasters, LMC Automotive and IHS Automotive, predict that production will rise from last year's 15.5 million units as the U.S. Read More »

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Automakers seek stability after German election to aid Europe sales recovery

Carmakers including Volkswagen and PSA haven't taken a stand on German Chancellor Angela Merkel's bid for a third term in September, but they all want the election to be over. Read More »

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

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

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
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