Headlines for Friday, July 19, 2013

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VIDEO: AutoNews Now: Detroit auto show: 'We're fine'

12:01 am U.S. ET | July 19, 2013
City's bankruptcy to have 'little' impact on '14 event; Detroit 3 stand behind city; Caddy U.S. sales boss fired

Spain will extend car scrappage scheme

July 19, 2013 15:39 CET
The Spanish government will extend a scrappage scheme that subsidizes purchases of new cars. The subsidies have tempered the fall in sales in the recession-hit country

Ford plans next-generation Mustang with right-hand drive for export, report says

4:09 pm U.S. ET | July 19, 2013
Ford is planning a right-hand-drive variant of the Ford Mustang when the sports car is redesigned for its 50th anniversary next year, according to an Australian newspaper report this week.

GM recalls 843 '14 Silverado, Sierra pickups for airbag glitch

11:20 am U.S. ET | July 19, 2013
General Motors is recalling 843 units of the 2014 Chevrolet Silverado and GMC Sierra crew cab pickup trucks because the passenger airbag may not fully inflate in a crash.

LARRY P. VELLEQUETTE

Time to raise the white flag on dual clutch trannies

2:25 pm U.S. ET | July 19, 2013
This is a historic week for white flags in Detroit, given the city's bankruptcy filing Thursday, so I'm going to suggest that domestic automakers take the opportunity to wave one of their own.

Detroit bankruptcy won’t disrupt 2014 auto show, organizers say

4:02 pm U.S. ET | July 19, 2013
Detroit’s bankruptcy filing won’t affect the planning or staging of the 2014 North American International Auto Show at Cobo Center in January, show organizers said today.

NEWS ANALYSIS

U.S. automakers hold a key to Detroit's future

10:10 am U.S. ET | July 19, 2013
Detroit's ties to the fortunes of the U.S. auto industry have been fraying for six decades, as manufacturing jobs in the city fell from about 296,000 in 1950 to fewer than 27,000 in 2011. But it isn't likely that Detroit's recovery will be as quick and easy as the turnaround of the U.S. automakers.

Toyota's $1.6 billion settlement over sudden-acceleration suits wins court approval

1:49 pm U.S. ET | July 19, 2013
Toyota won 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. sales likely to rise 16% in July, LMC says

12:21 pm U.S. ET | July 19, 2013
U.S. new-vehicle sales are projected to rise 16 percent this month as the industry gains strength entering the second half of the year, according to a forecast released today by LMC Automotive. LMC estimated that the seasonally adjusted annualized selling rate for July would reach 15.

Zetsche uses windfall gain to buy Daimler stock worth $1.51 million

7:15 am U.S. ET | July 19, 2013
Daimler CEO Dieter Zetsche has used the proceeds of share options granted in 2004 to purchase roughly $1.51 million worth of company stock.

GM fires Cadillac U.S. sales chief for policy violation

12:30 pm U.S. ET | July 19, 2013
Cadillac’s U.S. sales chief, Chase Hawkins, has been fired for violating company policy, General Motors said today.

Japan's Toray buys stake in U.S. supplier Plasan Carbon Composites

10:49 am U.S. ET | July 19, 2013
Japan's Toray Industries has taken a minority stake in U.S. auto carbon fiber supplier Plasan Carbon Composites in a move underlining the potential growth for carbon fiber parts in light vehicles.

VIDEO: First Shift: Honda's hybrid Fit

12:01 am U.S. ET | July 19, 2013
Next subcompact targets Toyota; Detroit's bankruptcy and echoes of GM, Chrysler rescues; Ford asbestos citation

Rolls-Royce prepares for the Wraith by taking on staff

July 19, 2013 11:13 CET
Rolls-Royce will create 100 new jobs as it prepares launch the Wraith coupe. The Wraith is currently in pre-production and customer deliveries will begin in the last quarter.

Russia’s car market will be Europe’s biggest by 2020, forecaster says

2:59 am U.S. ET | July 19, 2013
Russia's auto market is on track to become Europe's largest and the fifth biggest globally by 2020 as car ownership increases, a Boston Consulting Group report said.

Russia’s car market will be Europe’s biggest by 2020, forecaster says

July 19, 2013 08:59 CET
Russia's auto market is on track to become Europe's largest and the fifth biggest globally by 2020 as car ownership increases, a Boston Consulting Group report said.

Autoliv sees brighter 2013 sales growth

July 19, 2013 14:25 CET
Autoliv says it expects sales growth this year to hit 4 percent, the top end of its forecast range, as a recovery in car production boosted demand in the second quarter.

Zetsche uses windfall gain to buy Daimler stock worth 1.15 million euros

July 19, 2013 13:15 CET
Daimler CEO Dieter Zetsche has used the proceeds of share options granted in 2004 to purchase roughly 1.15 million euros ($1.51 million) worth of company stock.

PSA sets breakeven goal for French plants by 2016

July 19, 2013 12:52 CET
PSA says it plans to end losses at its French assembly plants by 2016 through competitiveness talks with local unions. The carmaker also said it aims to increase average plant capacity utilization to 100 percent in the same timeframe.

Mazda won't build in Europe despite sales rise

July 19, 2013 09:48 CET
Mazda sees no need to build cars in Europe despite rising sales in the region. Helped by models such as the CX-5 crossover and new Mazda6, the company's Europe vehicle sales increased by 5.4 percent in the first half.

Audi A3-based crossover could launch in '16 or '17

July 19, 2013 06:01 CET
Another member of the Audi A3 family is expected to reach the market in 2016 or 2017: a crossover that targets BMW's planned front-wheel-drive compact crossover.

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