Headlines for Friday, June 14, 2013

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VIDEO: AutoNews Now: 'Seeking truth' about Jeeps

12:01 am U.S. ET | June 14, 2013
As Chrysler refuses recall, NHTSA chief open to new data; Lexus rolls out IS ads; Lapham: Let Lutz have Fisker.

2013 AUTOMOTIVE NEWS EUROPE CONGRESS

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

June 14, 2013 10:54 CET
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.

Chrysler launches nationwide ad blitz for SRT brand

3:37 pm U.S. ET | June 14, 2013
Chrysler Group, aiming to burnish its credentials with auto enthusiasts, is launching the first nationwide advertising for its SRT performance brand.

VIDEO: First Shift: New segments for Lincoln?

12:01 am U.S. ET | June 14, 2013
Ford expecting sharp growth in premium small cars and crossovers; delay in Toyota case; Garmin's cockpit for cars.

Marchionne said to be finalizing Fiat-Chrysler refinancing

June 14, 2013 15:47 CET
Fiat-Chrysler CEO Sergio Marchionne is closing in on refinancing deals for both automakers ahead of a plan to merge the two companies.

GM, Chrysler voice support for Detroit on brink of bankruptcy

4:51 pm U.S. ET | June 14, 2013
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.

GM's Barra cuts costs, emerges as CEO contender

12:01 am U.S. ET | June 14, 2013
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...

NUTS & BOLTS

Audi is cheaters' top choice, says UK Web site

June 14, 2013 06:01 CET
Audi seems to be suffering from declining loyalty -- or rather, the spouses of Audi owners may be.

Supplier IAC files for $115 million IPO

7:36 pm U.S. ET | June 14, 2013
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.

AutoNation's largest shareholder reduces stake to 32%

12:40 pm U.S. ET | June 14, 2013
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.

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

12:16 pm U.S. ET | June 14, 2013
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.

Lithium ion batteries subject to increased testing standards

4:07 pm U.S. ET | June 14, 2013
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.

JAMES B. TREECE

Why Europe is a proving ground for rising star executives

3:33 pm U.S. ET | June 14, 2013
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.

Marchionne said to be finalizing Fiat-Chrysler refinancing deals

9:47 am U.S. ET | June 14, 2013
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.

Nexteer Automotive launches up to $325 million stock offer

11:54 am U.S. ET | June 14, 2013
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.

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

11:06 am U.S. ET | June 14, 2013
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.

YANG JIAN

Foreign competition leads to new partnerships in China

12:01 am U.S. ET | June 14, 2013
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.

Akerson: GM's bailout era is over

June 14, 2013 06:01 CET
GM executives eager to shed the stigma of government ownership got two doses of welcome news ahead of last week's annual shareholders' meeting.

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

June 14, 2013 10:59 CET
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.

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

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

June 14, 2013 06:01 CET
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.

VW-brand China sales rise 19% in May

June 14, 2013 09:35 CET
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.

YANG JIAN

Foreign competition leads to new partnerships in China

12:01 am U.S. ET | June 14, 2013
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.

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

June 14, 2013 06:01 CET
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.

N.A. output will reach 11-year high

June 14, 2013 06:01 CET
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.

Automakers seek stability after German election to aid Europe sales recovery

June 14, 2013 06:01 CET
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.

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