Headlines for Tuesday, July 16, 2013

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VW names global marketing boss

July 16, 2013 06:01 CET
Volkswagen named its UK chief, Simon Thomas, as head of global marketing for group and core VW brand. Thomas is a former head of sales and marketing at Nissan Europe.

VW plans to relaunch Phaeton in U.S. to fill 'halo' void

July 17, 2013 03:19 CET
Volkswagen plans to relaunch sales of the Phaeton in the U.S. as the carmaker looks to reignite flagging growth. The Phaeton, the brand's most expensive model, could be shown at the Detroit auto show in January.

VIDEO: AutoNews Now: Honda's Accord pledge

12:01 am U.S. ET | July 16, 2013
Mendel rejects 'anything it takes' approach to sales crown; GM global sales outpace VW; limited-edition Nissan GT-R.

Ford plans to improve hybrids' mpg with software changes

6:00 pm U.S. ET | July 16, 2013
Ford says it will make software tweaks to improve the real-world fuel economy of its 2013-model hybrids. The changes are being offered to 77,000 owners of the 2013 Ford Fusion Hybrid and C-Max Hybrid and the Lincoln MKZ Hybrid.

European car sales fall 6% in June

July 16, 2013 08:19 CET
European car sales fell by just over 6% in June to a two-decade monthly low as the region's weak economy hurt demand at Volkswagen, Opel, Fiat and PSA/Peugeot-Citroen. Bright spots were Ford, Dacia and Seat.

EU Commission backs France in Daimler refrigerant dispute

July 16, 2013 18:38 CET
The European Commission has given provisional backing to France's decision to block the sale of new Mercedes cars because they contain a banned refrigerant. The move could open the way for similar restrictions on Mercedes models by other EU countries.

VW plans to bring Phaeton back to U.S. to fill 'halo' void

9:19 pm U.S. ET | July 16, 2013
Volkswagen plans to bring back the Phaeton luxury sedan to the United States as the carmaker looks to reignite flagging growth in one of the few markets it has been unable to crack. The Phaeton, the brand's most expensive model, could be shown at the Detroit auto show in January.

Japan's Diamond Electric to pay $19 million U.S. fine in parts price-fixing probe

11:42 am U.S. ET | July 16, 2013
A Japanese manufacturer of ignition coils that were sold to Ford Motor, Toyota Motor and Subaru parent Fuji Heavy Industries has agreed to plead guilty and pay a $19 million fine for its role in a conspiracy to fix prices of automotive components, the U.S. Department of Justice said.

GM's first-half global sales rise 4% on U.S., China demand

July 16, 2013 15:12 CET
General Motors global sales rose almost 4 percent in the first six months of the year as strong demand in the United States and China outweighed sliding sales in Europe.

VIDEO: First Shift: Big win for Chrysler

12:01 am U.S. ET | July 16, 2013
Ram 1500 tops full-sized pickups in Consumer Reports ranking; name change for Lexus IS coupe; Europe's June gloom; one-of-a-kind auction.

Tesla shares plunge 14% after Goldman sets new price target

2:08 pm U.S. ET | July 16, 2013
The shares of electric carmaker Tesla Motors fell 14 percent today after Goldman Sachs Group set a new price target far below the current trading price.

Redesigned Chrysler 200 sedan to begin production in early 2014

4:05 pm U.S. ET | July 16, 2013
Chrysler Group LLC's redesigned 2015 Chrysler 200 sedan will begin production in early 2014 at the automaker's Sterling Heights plant here, Chrysler said today.

GM's first-half global sales rise 4% on U.S., China demand

9:12 am U.S. ET | July 16, 2013
General Motors global sales rose almost 4 percent in the first six months of the year as strong demand in the United States and China outweighed sliding sales in Europe, the company said today.

Renault-Nissan will launch low-cost platform in 2015

July 16, 2013 14:19 CET
Renault-Nissan plan to launch low-cost cars on a jointly developed platform in 2015 aimed at emerging markets such as India.

2013 FRANKFURT AUTO SHOW

Skoda aims Rapid Spaceback at young buyers

July 16, 2013 14:28 CET
Skoda aims to win younger buyers to the brand with the Rapid Spaceback, a new compact car that will compete against vehicles such as the VW Golf and Ford Focus.

Ram tops Consumer Reports' pickup ratings for first time

6:00 am U.S. ET | July 16, 2013
The re-engineered 2013 Ram 1500 has topped Consumer Reports' ranking of full-sized pickups, the first time that a Chrysler-made pickup has done so.

Avis Budget acquires Payless Car Rental for $50 million

11:04 am U.S. ET | July 16, 2013
Avis Budget Group acquired Payless Car Rental for about $50 million in cash, adding a company that focuses on value customers. Payless has about 120 locations in North America, Europe and South America and generates $80 million in annual revenue, according to a statement on Monday.

BMW's Reithofer sees western Europe car market staying tough well into 2014

July 16, 2013 12:49 CET
BMW CEO Norbert Reithofer says he does not see a pick up in the western European car market before the second half of 2014.

IHS closes deal to acquire R.L. Polk

10:11 am U.S. ET | July 16, 2013
The IHS acquisition of global automotive information provider RL Polk closed Monday, a little more than a month after the deal was announced, IHS said in a statement today.

2013 FRANKFURT AUTO SHOW

Changan will debut SUV at Frankfurt auto show

July 16, 2013 10:00 CET
China's Changan Automobile will unveil a full-sized SUV, the CS75, at the Frankfurt auto show in September. The CS75's debut will be Changan's second appearance at the show.

Bosch shortens hours of 1,800 workers in Germany on weak demand

July 16, 2013 13:51 CET
Robert Bosch has cut the working hours of about 1,800 employees in Germany in response to weak demand for industrial and building technology.

Ghosn sees growth in Russian car market

July 16, 2013 11:26 CET
Renault-Nissan CEO Carlos Ghosn expects Russia's car market to overcome recent weakness because of low car ownership. He aims to capture 40 percent of the market with the help of AvtoVAZ.

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