Headlines for Friday, June 28, 2013

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GM dumps plan for a flashier Cadillac sedan

6:45 pm U.S. ET | June 28, 2013
General Motors has decided to deep-freeze a range-topping ultraluxury sedan it was developing for Cadillac, according to three people with knowledge of the company's plans.

VIDEO: AutoNews Now: Ram's new V-8 targets Ford

12:01 am U.S. ET | June 28, 2013
Ram unveils new engine for HD pickups; Fiat wants another 3.3% of Chrysler; Vette history lesson

Citroen's Grand C4 Picasso loses weight, improves fuel economy

June 28, 2013 15:27 CET
Citroen released pictures and details of its new Grand C4 Picasso, which is lighter and more fuel efficient than the current model thanks to parent PSA's new EM2 architecture.

PSA unions, analysts skeptical on GM tie-up

June 28, 2013 16:09 CET
PSA unions voiced concern over a deeper tie-up plan with GM that sources say the French carmaker is seeking to revive. Such a move would require major capacity cuts and face serious obstacles, analysts also said.

Ford criticizes EU delay on 95g/km CO2 target

June 28, 2013 09:51 CET
Ford criticized the EU's decision to delay a vote on imposing stricter CO2 emissions for all new cars in the EU starting in 2020.

Honda, citing fire risk, recalls 2007-08 Fit in U.S. for second time

9:11 pm U.S. ET | June 28, 2013
Honda is recalling more than 143,000 subcompact cars in the United States to replace faulty window switches that pose a potential fire hazard.

Beijing Auto targets 400,000 exports

June 28, 2013 12:54 CET
Beijing Auto expects to sell 400,000 vehicles cumulatively overseas by 2020. Russia is one of the company's strategic export markets.

Volvo gets gov't OK for second China plant

June 28, 2013 13:25 CET
Volvo's plan to build a second Chinese production plant in Daqing has been approved by the government, according to city authorities. The automaker's first plant in Chengdu will begin building a stretched variant of the S60 later this year, according to local media reports.

Ford, Chrysler counter GM with new V-6 pickups for 2014

12:47 pm U.S. ET | June 28, 2013
The battle in six-cylinder pickups takes an interesting twist this fall with the launch of the 2014 Ford F-150 Tremor and the 2014 Ram 1500 EcoDiesel. Both trucks feature turbocharged V6 engines, but take different approaches to reach different segments of the full-size pickup audience.

Megadealer Braman settles with GM over two-tier pricing

3:55 pm U.S. ET | June 28, 2013
Billionaire megadealer Norman Braman has settled his two-tier pricing lawsuit against General Motors. The end of the lawsuit will dash many dealers' hopes for a precedent-setting legal blow against manufacturer facility programs. Settlement terms were not available.

Ford uses thermal imaging to spot air leaks

3:39 pm U.S. ET | June 28, 2013
Technology that has widely been used by the military, law enforcement and home inspectors is now helping Ford make its interiors more quiet and energy-efficient.

VIDEO: Lapham's Last Lap

12:01 am U.S. ET | June 28, 2013
After 40 years of covering all aspects of the auto industry as a reporter, columnist, commentator and editor, Automotive News Executive Editor Edward Lapham retired in June. In recent years, Lapham has done a quirky and popular end-of-show commentary on Friday afternoon broadcasts of AutoNews Now.

Chrysler June U.S. volume increased, sales chief says

11:00 am U.S. ET | June 28, 2013
Chrysler Group's vehicle sales in the United States rose in June, extending the automaker's streak of monthly increases. "We will achieve our 39th consecutive month of year-over-year sales growth," Reid Bigland, Chrysler's head of sales, told reporters today.

Hertz expands 24/7 service that mimics car-sharing

2:52 pm U.S. ET | June 28, 2013
Auto-rental company Hertz Global Holdings is expanding its presence in the car-sharing sphere by making more of its fleet accessible to customers throughout the day for short- or long-term rentals.

Chevy's new chief to reassess product programs, build awareness

12:49 pm U.S. ET | June 28, 2013
GM's new worldwide Chevrolet brand chief, Alan Batey, says he will spend more time on product development to help establish the brand globally. "There will be changes in the way we look at product and the way we look at our global programs," Batey said today in an interview.

GM joins U.S. program to lower energy costs at 25 plants

2:30 pm U.S. ET | June 28, 2013
General Motors is partnering with the federal Department of Energy to lower energy costs at 25 of the company's U.S. facilities.

Old GM creditors to mediate dispute over $3 billion in claims

1:39 pm U.S. ET | June 28, 2013
Creditors of General Motors' old assets in bankruptcy will start settlement talks with various Wall Street hedge funds over $3 billion in disputed claims.


GM-PSA rumors may be a 'stalking horse'

12:01 am U.S. ET | June 28, 2013
Reports that the Peugeot family is willing to hand over its automotive business to General Motors or China's Dongfeng Motor may have an ulterior motive.


GM-PSA rumors may be a 'stalking horse'

12:01 am U.S. ET | June 28, 2013
Reports that the Peugeot family is willing to hand over its automotive business to General Motors or China's Dongfeng Motor may have an ulterior motive.

Ram to offer 6.4-liter V-8, 3.0-liter diesel in 2014 pickups

10:30 am U.S. ET | June 28, 2013
Ram will offer a new optional 6.4-liter V-8 engine for its 2014 heavy-duty pickup line as well as an optional light-duty diesel engine that Ram announced in February for its half-ton 2014 Ram 1500.

Dana expands share buyback program to $1 billion

7:31 am U.S. ET | June 28, 2013
Ohio auto supplier Dana Holding said it expanded its share repurchase program to up to $1 billion from $250 million. The company said today it had already repurchased shares worth $100 million.

VIDEO: First Shift: Turning renters into buyers

12:01 am U.S. ET | June 28, 2013
Enterprise study finds higher likelihood of imminent purchase; why Ford's on guard; Nissan hiring 900; NADA breaks tradition.

BMW, VW supplier SGL lowers profit guidance on Asia

June 28, 2013 09:43 CET
SGL Carbon, a German supplier partly owned by BMW and Volkswagen, lowered its profit guidance for the second time this year, citing increased competition from Asia.

Valeo sees China as its largest market in 2-3 years

June 28, 2013 09:12 CET
Valeo says China will overtake France to become its largest market in two or three years. Currently the market accounts for 10 percent of the supplier's global revenues.