Headlines for Tuesday, July 23, 2013

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Cadillac plans to rest its laurels in logo redesign

11:32 am U.S. ET | July 23, 2013
Cadillac is working on the first major change to its logo in more than a decade, pruning away the classic laurel wreaths that surround its crest, several sources said.

Sonic's new pricing system squeezes vehicle margins in Q2

12:06 pm U.S. ET | July 23, 2013
Challenges with a new pricing system continued to squeeze vehicle profit margins for Sonic Automotive in the second quarter.

VIDEO: AutoNews Now: Young and the wreathless?

12:01 am U.S. ET | July 23, 2013
What Caddy hopes to gain by altering logo; Ford widens jobs plan ahead of earnings release; Toyota, Ford call off hybrid work.

A Range Rover ride home for the royal baby

4:56 pm U.S. ET | July 23, 2013
It wasn't a Bentley, an Aston Martin or even a Rolls-Royce. Prince William and Kate, the Duchess of Cambridge, took their newborn son home Tuesday in a Range Rover.

VIDEO: First Shift: The Bentley of SUVs

12:01 am U.S. ET | July 23, 2013
Luxury model may cost $237K; Toyota's Hogan: Lessons from Detroit bankruptcy; Fiat 500s catch a wave; Blue oval, green home.

U.S. lawmaker seeks tough rules on Japan autos in trade talks

6:45 pm U.S. ET | July 23, 2013
A senior U.S. lawmaker on Tuesday urged the Obama administration to push for tough rules on opening the U.S. market to more Japanese autos and to take a firm line in free trade talks against currency manipulation, as Detroit automakers and workers turned up the heat on the White House.

4 ex-Chrysler dealers' claims dismissed by federal judge

5:54 pm U.S. ET | July 23, 2013
A federal judge today dismissed the final claims of four rejected Chrysler Group dealers who won the right to return to business through arbitration but failed to reopen their stores.

Ford to build current, next F-150 pickup at same time, report says

4:59 pm U.S. ET | July 23, 2013
Ford plans to produce both its current F-150 pickup and a new model for about six months to avoid disrupting sales of the top-selling U.S. vehicle and safeguard against potential kinks tied to the truck's extensive overhaul, people familiar with the plans said.

Asbury ahead of planned acquisition pace

10:00 am U.S. ET | July 23, 2013
Asbury Automotive Group is well ahead of the acquisition pace its executives expected when they laid out a three-year plan in late 2012. Asbury also reported net income of $27 million in the second quarter, up 28 percent from the year-earlier period.

GM poised to generate 2013 profits from 18 new or refreshed vehicles

8:59 am U.S. ET | July 23, 2013
The redesigned Corvette, Silverado and Impala are among the 18 new or refreshed GM vehicles arriving in the United States this year -- the largest wave of new products in the company's history.


NAMAD looks to the next generation

4:01 pm U.S. ET | July 23, 2013
As baby boomers head for retirement, many dealer groups and associations have created networking forums and workshops for the children who are the heirs apparent of their family businesses.

Ford to hire 3,000 salaried workers in 2013 -- 800 more than expected

11:21 am U.S. ET | July 23, 2013
Ford said it will hire 3,000 salaried workers this year -- 800 more than previously announced. Ford said 80 percent of the new employees will be technical professionals with "new skills."

Edmunds.com sues over fraudulent reviews of dealerships

12:56 pm U.S. ET | July 23, 2013
Edmunds.com has filed a lawsuit against online reputation management company Humankind Design for attempting to post fraudulent reviews on the site, according to a petition filed today.

Ford splits with Toyota, plans own truck hybrid system

2:28 pm U.S. ET | July 23, 2013
Ford and Toyota said today they would end a partnership to develop gasoline-electric systems for pickups and SUVs. Ford is on track to bring its rear-wheel-drive hybrid system to market later this decade, Raj Nair, the company’s product development chief, said today.

Fiat-Chrysler could register in the Netherlands, Marchionne says

2:07 pm U.S. ET | July 23, 2013
Fiat-Chrysler could be registered in the Netherlands after a planned merger, Sergio Marchionne, CEO of both automakers, said today.

Bentley says it will launch an SUV in 2016

July 23, 2013 09:50 CET
Bentley said it will go ahead with the development of the brand's first SUV. The model will go on sale in 2016 as "the most powerful SUV in the market," the company said.

Suzuki hopes for sales boost from SX4 S-Cross

July 23, 2013 14:10 CET
Suzuki aims to boost its flagging European sales with the launch of the SX4 S-Cross crossover. The carmaker's regional deliveries fell 10 percent in the first half.

Seat CEO Stackmann makes Europe his No. 1 priority

July 23, 2013 13:39 CET
VW Group's Seat unit will focus on Europe to increase sales, the brand's new CEO, Juergen Stackmann, said. Previously Seat had sought to expand in developing markets such as China.

Toyota's Hogan says Detroit bankruptcy serves as warning to automakers

7:20 am U.S. ET | July 23, 2013
One of Toyota's newest board members says the city of Detroit's bankruptcy serves as a warning to Toyota and other automakers that would dare ignore changing market trends and react slowly to economic downturns.


Faurecia seats cut weight in new VW Up

12:01 am U.S. ET | July 23, 2013
Faurecia says it provides the new Volkswagen Up with seats that are up to 20 percent lighter than those in rival minicars. The French supplier was able to reduce weight by using high-tensile steel, which is lighter than traditional steel but offers the same level of stability and safety.

Russia's car market to fall 2-4% in 2013, gov't official says

July 23, 2013 10:48 CET
Russia's car market will likely decline by up to 4 percent this year as the economy falters, Russia's deputy minister of trade and industry said.

Hyundai mulls further production boost in Turkey

July 23, 2013 09:04 CET
Hyundai may increase production capacity to 300,000 at its plant in Izmit, Turkey, as it starts output of the new i10 minicar in September.

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