Headlines for Thursday, July 18, 2013

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Michigan's Prestige Automotive acquires Cadillac store in suburban Detroit from Penske Auto

Prestige Automotive Group of St. Clair Shores, Mich., has acquired a Cadillac dealership in suburban Detroit from Penske Automotive Group for $15 million. Read More »

SiriusXM picks AT&T to support new telematics service

SiriusXM Radio selected AT&T to provide mobile connectivity for the U.S. telematics system it is developing for Nissan Motor Co. in North America. Read More »

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U.S. cites Ford for asbestos violations at Buffalo plant

Ford has been cited by the Occupational Safety and Health Administration for eight violations covering asbestos exposure at a stamping plant in Buffalo, N.Y. Read More »

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Detroit, cradle of U.S. auto industry, seeks bankruptcy protection

Detroit, cradle of the U.S. auto industry, became the most populous American city to file for bankruptcy, seeking court protection from creditors. The Detroit 3 automakers offered support for the plan, with Chrysler pledging to continue investing in the city. Read More »

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Honda wagers on new Fit hybrid variants for United States

Honda plans to bring hybrid variants of its Fit subcompact to the United States with the car's redesign, as the Japanese automaker wagers that its new hybrid drivetrain will challenge Toyota's dominance in the field. Read More »

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JIM HENRY:

Heads-up: U.S. is playing adviser on car loans

F&I managers ought to take a look at the Consumer Financial Protection Bureau's “Ask CFPB” Web site, part of a consumer-education effort announced by the bureau today. Read More »

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AutoNews Now: Next-gen Chevy Cruze delayed

GM said to postpone launch by a year; JCI sells HomeLink to Gentex; AutoNation eyes service growth; Chinese-built Acuras Read More »

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Toyota sudden-acceleration settlement tentatively approved

Toyota won tentative final approval of a settlement, valued at as much as $1.63 billion by plaintiff lawyers, with U.S. consumers who claimed that recalls related to sudden, unintended acceleration caused their vehicles to lose value. Read More »

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U.S. will join EU case against Russia's car recycling fee

The U.S. plans to join the EU in a World Trade Organization case that challenges a Russian auto recycling fee program as an illegal trade barrier against imported cars. Read More »

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First Shift: GM's Tesla task force

Akerson sees EV maker as potential 'big disrupter'; AutoNation scores profit gain, Benz stores; Lexus dealership as 'resort' Read More »

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U.S. will join EU case against Russia's car recycling fee

The U.S. plans to join the EU in a World Trade Organization case that challenges a Russian auto recycling fee program as an illegal trade barrier against imported cars. Read More »

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NICK BUNKLEY:

Like GM, bankruptcy can only help Detroit

Today, the ominous clouds of bankruptcy have returned to the Motor City, but this time General Motors only has to watch (and it has a prime seat, inside the tallest building in town). Read More »

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Honda targets Acura output in China by 2016

Honda said Thursday it is planning to produce Acura models in China with local partner Guangzhou Auto starting in 2016 to tap growing demand for luxury vehicles in the booming market. Read More »

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Chrysler's Toledo assembly plant ramps up Cherokee output

Chrysler Group expects to be producing over 400 new Jeep Cherokees a day at its Toledo Assembly Complex within three weeks, and plans to be operating with a full second production shift by the end of August, plant officials said today. Read More »

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Report: GM planning strict diet for new pickup trucks

GM is preparing to put its full-sized pickup trucks on a severe diet to meet future government fuel-economy standards and stay competitive with rival Ford, according to several people familiar with its plans. Read More »

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Panasonic pleads guilty, to pay $45.8 million fine in price-fixing parts probe

Panasonic agreed to plead guilty to price-fixing allegations involving automotive parts sold to Toyota, Honda, Mazda and Nissan, the U.S. Justice Department said. Panasonic will pay about a $45.8 million criminal fine, the department said in a statement. Read More »

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AutoNation's 2nd-quarter profits rise on broad revenue growth

AutoNation's earnings will continue to rise in the second half as the industry heads toward U.S. new-vehicle sales in the mid-15 million range, CEO Mike Jackson predicted today. Read More »

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Johnson Controls sells HomeLink unit to Gentex; quarterly profit rises

Johnson Controls posted a stronger-than-expected quarterly profit and said it would sell its HomeLink auto electronics business to Gentex for about $700 million. Read More »

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North America car and truck production - 07/22/13

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

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GM white-collar retirees in Canada win suit over benefit cuts

About 3,000 GM salaried retirees in Canada have won a class-action case against their former employer over cuts in health and life insurance benefits, according to a report in the Globe and Mail newspaper. Read More »

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GM delays next Chevy Cruze by a year, sources say

GM has delayed the launch of the next-generation Chevrolet Cruze by a year due to engineering changes and a desire to squeeze more sales from the small car before it is redesigned, people familiar with the company's plans said. Read More »

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Fiat's Italian suppliers grab Chrysler lifeline

Fiat's takeover of Chrysler is providing a potential lifeline for its struggling Italian suppliers by opening up new opportunities in the U.S. market as car production at home tumbles. Read More »

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Cut car taxes to boost sales, Italy's auto association says

Italy's auto industry association, Anfia, called on the country's government to reduce the tax burden on motorists to boost flagging car sales. Read More »

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Pischetsrieder's retirement gig: The (high-end) used-car lot

Bernd Pischetsrieder, former chief of BMW and Volkswagen, has a lot of experience selling new cars. Now he's focusing on old ones after acquiring a controlling stake in a vintage car dealership in Germany. Read More »

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Kia boosts Slovakia output 6% in first half

Kia's car plant in Slovakia ran at full capacity for the first time in its seven-year history in the first half of the year, boosting production by 6 percent year-on-year. Read More »

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Faurecia opens technical center, new headquarters in China

Faurecia has opened a technical center in suburban Shanghai that will also function as the supplier's new China headquarters. Read More »

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F-1 racing boss Ecclestone charged in German bribe case

German authorities have charged F-1 racing boss Bernie Ecclestone with bribing a German banker to smooth the sale of a stake in the motor racing business to private equity firm CVC. Read More »

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Fiat's Italian suppliers grab Chrysler lifeline

Fiat's takeover of Chrysler is providing a potential lifeline for its struggling Italian suppliers by opening up new opportunities in the U.S. market as car production at home tumbles. Read More »

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BRUCE GAIN:

Renault takes to YouTube to promote the Captur

Renault has won lots of attention but also negative reactions from a YouTube video promoting its new Captur SUV. 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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