Headlines for Thursday, July 18, 2013

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

8:03 am U.S. ET | July 18, 2013
Prestige Automotive Group of St. Clair Shores, Mich., has acquired a Cadillac dealership in suburban Detroit from Penske Automotive Group for $15 million.

SiriusXM picks AT&T to support new telematics service

4:13 pm U.S. ET | July 18, 2013
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.

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

4:08 pm U.S. ET | July 18, 2013
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.

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

7:02 pm U.S. ET | July 18, 2013
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.

Honda wagers on new Fit hybrid variants for United States

10:00 pm U.S. ET | July 18, 2013
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.

JIM HENRY

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

4:20 pm U.S. ET | July 18, 2013
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.

VIDEO: AutoNews Now: Next-gen Chevy Cruze delayed

12:01 am U.S. ET | July 18, 2013
GM said to postpone launch by a year; JCI sells HomeLink to Gentex; AutoNation eyes service growth; Chinese-built Acuras

Toyota sudden-acceleration settlement tentatively approved

8:04 pm U.S. ET | July 18, 2013
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.

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

July 18, 2013 18:35 CET
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.

VIDEO: First Shift: GM's Tesla task force

12:01 am U.S. ET | July 18, 2013
Akerson sees EV maker as potential 'big disrupter'; AutoNation scores profit gain, Benz stores; Lexus dealership as 'resort'

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

12:35 pm U.S. ET | July 18, 2013
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.

NICK BUNKLEY

Like GM, bankruptcy can only help Detroit

4:45 pm U.S. ET | July 18, 2013
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).

Honda targets Acura output in China by 2016

7:12 am U.S. ET | July 18, 2013
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.

Chrysler's Toledo assembly plant ramps up Cherokee output

3:52 pm U.S. ET | July 18, 2013
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.

Report: GM planning strict diet for new pickup trucks

2:39 pm U.S. ET | July 18, 2013
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.

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

4:35 pm U.S. ET | July 18, 2013
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.

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

6:00 am U.S. ET | July 18, 2013
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.

Johnson Controls sells HomeLink unit to Gentex; quarterly profit rises

8:15 am U.S. ET | July 18, 2013
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.

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

12:36 pm U.S. ET | July 18, 2013
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.

GM delays next Chevy Cruze by a year, sources say

10:55 am U.S. ET | July 18, 2013
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.

Fiat's Italian suppliers grab Chrysler lifeline

8:12 am U.S. ET | July 18, 2013
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.

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

July 18, 2013 11:06 CET
Italy's auto industry association, Anfia, called on the country's government to reduce the tax burden on motorists to boost flagging car sales.

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

July 18, 2013 06:01 CET
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.

Kia boosts Slovakia output 6% in first half

July 18, 2013 13:34 CET
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.

Faurecia opens technical center, new headquarters in China

July 18, 2013 14:54 CET
Faurecia has opened a technical center in suburban Shanghai that will also function as the supplier's new China headquarters.

F-1 racing boss Ecclestone charged in German bribe case

July 18, 2013 13:58 CET
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.

Fiat's Italian suppliers grab Chrysler lifeline

July 18, 2013 14:12 CET
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.

BRUCE GAIN

Renault takes to YouTube to promote the Captur

12:01 am U.S. ET | July 18, 2013
Renault has won lots of attention but also negative reactions from a YouTube video promoting its new Captur SUV.

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