Headlines for Friday, June 21, 2013

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PEOPLE ON THE MOVE:

ACEA appoints new top official

ACEA, the European automakers lobby group, named former Proctor & Gamble executive Erik Jonnaert as its secretary general to succeed Ivan Hodac Read More »

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Chevrolet Europe boss Docherty steps down

Susan Docherty, who leads Chevrolet and Cadillac sales in Europe, is leaving GM after 27 years to chart a "new course for her career and spend more time with her family. Read More »

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VW promotes Hackenberg to lead VW and Audi development

VW promoted Ulrich Hackenberg to head of technical development for all VW Group brands, including Audi where he replaces Wolfgang Duerheimer. Hackenberg has led development of the group's modular platforms. Read More »

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First Shift: Sergio's secret Jeep accord

Marchionne airport meeting with U.S. officials sparked deal, report says; Tesla, Nissan battery-swap schemes; self-parking Volvo. Read More »

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AutoNews Now: Acura's crash-minded design

MDX engineered to pass insurance group's tough new test; Susan Docherty to leave GM; Lapham bids farewell. Read More »

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Detroit officials deny prized car trove is at risk with bankruptcy

A Detroit official has dismissed as "lots of wild speculation" reports that Emergency Manager Kevyn Orr is considering the sale of the city's little-known collection of classic cars. Read More »

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New York lawmakers set aside dealer bill fought by Tesla

New York's Assembly set aside a bill that Tesla Motors had said would shut down its operations in the state. The lower chamber adjourned its legislative session late Friday without acting on the measure. Lawmakers in the Assembly aren't scheduled to reconvene until January. Read More »

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Hyundai's Krafcik: Nissan price cuts put industry on edge

Automakers are scrutinizing Nissan's move to cut prices on its cars and trucks in the United States as a test of whether the auto industry can avoid a price war, the head of Hyundai's U.S. unit said. Read More »

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North America car and truck production - 06/24/13

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

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Opel-Buick link to grow stronger

General Motors' Buick brand, which is sold in the U.S. and China, has taken on a decidedly European flavor in the past three years. Read More »

CarMax adds four new store locations to plans

CarMax, the nation's largest used-vehicle retailer, said today that it will open four new stores in New York, Alabama, Pennsylvania, and Washington state, during March-May 2014. Read More »

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VINCE BOND JR.:

Toyota showcases UK car production on Twitter

The vehicle production process takes place every day within the "enclosed box" of auto plants, but most people rarely get to see it, said Scott Brownlee, head of social media at Toyota Great Britain. So Toyota decided to crack the box open in front of the world Wednesday on Twitter. Read More »

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Fiat can triple its Chrysler dividend after refinancing, report says

Fiat stands to earn three times as much from a Chrysler Group dividend this year after the American carmaker refinanced debt and changed the terms attached to the funding, people familiar with the matter told Bloomberg. Read More »

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Lending bias guidelines 'unrealistic,' Republicans tell CFPB

Auto lending reforms sought by the Consumer Financial Protection Bureau could hurt consumers, congressional Republicans warned today. Read More »

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Marchionne, regulators cut recall deal in private meeting

Fiat-Chrysler CEO Sergio Marchionne, Transportation Secretary Ray LaHood and National Highway Traffic Safety Administration chief David Strickland met in Chicago June 9 to discuss the automaker’s allegedly dangerous Jeep SUVs, a Detroit newspaper reported today. Read More »

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Cooper Tire sued by investor over Apollo takeover

A Cooper Tire & Rubber investor sued to block the company’s $2.5 billion takeover by Apollo Tyres, saying the offer of $35 a share is too low. Read More »

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NICK GIBBS:

Lithium ion batteries pose transport challenges

The fragility -- and dangers -- of lithium ion batteries for electric cars came up again at the recent Automotive News Europe Congress in Paris when DHL's head of automotive logistics pointed out the difficulties of transporting them. Read More »

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CarMax 1Q profit rises 21% on higher sales, finance income

CarMax, the nation’s largest used-vehicle retailer, reported net profit in the March-May quarter rose 21 percent to $146.7 million, as used-car unit sales and finance income rose. Read More »

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Colo. dealers near fire say sales recovery will take time

Freedom Honda in Colorado Springs has rarely known normal. Since it opened in October 2011, the dealership has experienced two massive wildfires. While the dealership itself wasn't harmed, the community was devastated. Read More »

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GM marketing executive Docherty to retire Sept. 30

Susan Docherty, the former marketing chief for General Motors in the United States who now leads Chevrolet and Cadillac sales in Europe, will retire on Sept. 30. Docherty, 50, is leaving to spend more time with her family, GM said in a statement today. Read More »

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June U.S. sales projected to hit highest rate since late 2007

The summer selling season is getting off to its strongest start since 2007, with June's selling rate expected to reach 15.7 million, forecaster LMC Automotive said today. LMC estimated sales this month will increase 8 percent from a year ago to 1.4 million units. Read More »

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Tesla to have battery quick-swap by end of year

Tesla Motors will have battery quick-swap bays at many of its supercharging stations nationwide. The first quick-swap stations will be online in the fourth quarter of this year, and allow changing of battery packs in 90 seconds. Read More »

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Bosch forms battery JV with Mitsubishi, GS Yuasa

German industrial group Robert Bosch said it has agreed to work on automotive lithium ion battery development with Mitsubishi and Japanese battery maker GS Yuasa International. Read More »

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BMW, Mercedes, VW seek used-car sales as Germany slumps

BMW, Mercedes and Volkswagen are all pushing sales of used cars as demand for new models in Germany slumps as consumers stay out of showrooms. Read More »

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Europe plant capacity crisis to extend to 2016

Europe's worsening car factory overcapacity is not expected to improve for at least another three years, according to IHS Automotive. To deal with the problem automakers have been closing plants or making radical changes to fill capacity in Europe. Read More »

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​Mercedes plans bigger, flashier C class

A bigger and roomier fourth-generation Mercedes-Benz C class will have a more dynamic exterior styling to challenge the BMW 3 series and the redesigned Audi A4 also due next year Read More »



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