Headlines for Friday, July 26, 2013

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2013 FRANKFURT AUTO SHOW

Peugeot prices new 308 below the VW Golf

July 26, 2013 06:01 CET
Peugeot is pricing its new 308 compact below the European compact segment leader, the VW Golf. PSA/Peugeot-Citroen is counting on models such as the 308 to boost falling vehicle sales.

VIDEO: AutoNews Now: GM powertrain shakeup

12:01 am U.S. ET | July 26, 2013
Top exec, employees ousted over emissions-testing; taking hack at cars; Toyota pretty in pink?; Acura NSX supercar prototype.

BMW's i3 hatchback is mark of electric car confidence

July 26, 2013 20:31 CET
BMW will unveil the i3, its first all-electric car, on Monday, hoping to stir demand for an expensive luxury model just as some other makers hit hurdles in selling battery-powered vehicles.

Nissan Europe sales and marketing boss leaves company

July 26, 2013 14:11 CET
Nissan's head of sales and marketing in Europe, Paul Willcox, has left the automaker to pursue other opportunities. Guillaume Cartier will succeed Willcox.

Highlander to get another boost in U.S. production by Toyota

2:30 pm U.S. ET | July 26, 2013
Just months before increasing its production of Highlander large crossovers, Toyota says it will add still more Highlander capacity next year.

Toyota set to retain top automaker title for first half

July 26, 2013 07:46 CET
Toyota looked set to retain its title as the world's top-selling carmaker in the first half, outpacing GM and VW as it boosted overseas sales to a record high.

Jobless Parisians mean fewer car sales in French market slump

July 26, 2013 06:01 CET
With unemployment in France rising and consumer confidence at a record low, auto sales in the country have tumbled more than any other major European market this year.

GM fires top powertrain exec, several employees over India emissions testing

1:45 pm U.S. ET | July 26, 2013
GM ousted its top powertrain executive over irregularities in the automaker's emission-testing programs in India that have forced it to halt sales of two popular models.

HANS GREIMEL

Toyota thinks pink to brighten frumpy facade

11:13 am U.S. ET | July 26, 2013
If Toyota chief Akio Toyoda wants to make more head-turning cars, he'll certainly succeed with this one. In September, Toyota will start selling a hot pink Toyota Crown -- a top end Japan sedan typically favored by the over-50 set, mid-cap corporate executives and livery companies.

VW, Suzuki exploring options to resolve legal battle, report says

4:43 pm U.S. ET | July 26, 2013
Volkswagen and Suzuki are exploring options to either revive cooperation efforts or enter a settlement to end a two-year legal battle over a failed partnership, people familiar with the matter told Bloomberg.

Lear posts 13% gain in Q2 operating earnings

2:15 pm U.S. ET | July 26, 2013
Automotive seating and electrical component supplier Lear today reported a mostly positive second quarter, gaining $224 million in operating earnings before one-time items and affiliate income -- a 13 percent from the same quarter last year. The news sent Lear shares up 2.8 percent.

VIDEO: Lutz contrasts his legacies after Chrysler, GM

12:01 am U.S. ET | July 26, 2013
DETROIT – Former General Motors product chief Bob Lutz yesterday contrasted his attempts to create an “excellence pays” culture at two of his employers.

ZF to invest $215 million to build 8- and 9-speed transmissions in S.C.

10:11 am U.S. ET | July 26, 2013
German supplier ZF Friedrichshafen is expanding a South Carolina plant that just started producing fuel-saving 8- and 9-speed automatic transmissions last month.

GM fires global powertrain chief, several employees over India emissions testing

July 26, 2013 19:45 CET
GM ousted its top global powertrain executive over irregularities in the automaker's emission-testing programs in India that have forced it to halt sales of two popular models.

GM's South Korean workers OK wage pact after strike dents output

12:34 pm U.S. ET | July 26, 2013
GM's South Korean workers approved an annual wage deal, ending 13 days of partial strikes where the company produces more than 40 percent of its Chevy-branded cars, a union spokesman said on Friday.

Lexus nudges U.S. sales target higher

12:35 pm U.S. ET | July 26, 2013
Lexus is nudging its U.S. sales target up with new-model intros expected to spur second-half turnover. Lexus expects to sell between 260,000 and 270,00 vehicles in the United States this year, Lexus International Executive Vice President Mark Templin said this month at an IS sedan event.

VW and Suzuki explore options to resolve legal battle, report says

July 26, 2013 15:04 CET
Volkswagen and Suzuki are exploring options to either revive cooperation efforts or enter a settlement to end a two-year legal battle, sources said. The automakers continue to view the industrial logic for the cooperation as compelling.

France deepens dispute over Mercedes sales ban

July 26, 2013 13:31 CET
France took formal steps to outlaw sales of several Mercedes models, raising the stakes in a standoff over Daimler's use of a refrigerant banned by the EU.

Dana earnings rise 7% in Q2

10:40 am U.S. ET | July 26, 2013
Powertrain and axle supplier Dana Holdings reported net income of $92 million during the second quarter, up from $86 million during the same quarter last year.

Toyota set to retain title of world's top automaker for first half

1:46 am U.S. ET | July 26, 2013
Toyota looked set to retain its title as the world's top-selling carmaker in the first half of this year, company figures showed today, outpacing General Motors and Volkswagen as it boosted overseas sales to a record high.

LATEST LAUNCHES

Porsche bullish on plug-in Panamera

July 26, 2013 06:01 CET
Porsche expects the Panamera plug-in S E-Hybrid to account for about 10,000 sales, which would be double that of the car's first-generation full hybrid.

VIDEO: First Shift: Toyota still No. 1 - barely

12:01 am U.S. ET | July 26, 2013
Japanese giant sells 4.91M vehicles globally in first half; Korea unrest ends at No. 2 GM; JCI chief; disturbing driving trend.

Hyundai second-quarter profits down slightly, but remain strong on China growth

July 26, 2013 06:01 CET
Hyundai's second-quarter net profit stayed near a record high achieved a year earlier as strong China growth overcame rising competition and tight supply that eroded sales at home and in the U.S.

Renault lifts core profit despite Europe slump

July 26, 2013 08:04 CET
Renault increased first-half profitability as reductions in labor costs offset slumping sales in Europe but the automaker's bottom line was weakened by lost business in Iran and the bankruptcy of Better Place.

Rolls-Royce sees flat 2013 sales in China as gov't embraces austerity

July 26, 2013 10:27 CET
Rolls-Royce expects sales growth in China to be flat this year as the economy cools and reports suggest the government may introduce a luxury tax.

VW dials back sales target in the U.S.

July 26, 2013 06:01 CET
Volkswagen Group of America has cut its 2013 U.S. sales target for VW division, a sign that executives don't expect the brand to break out of its U.S. slump by year end.

Waiting on charging technology; Infiniti will delay launch of EV 2 years

July 26, 2013 06:01 CET
Infiniti will delay its first electric vehicle until 2016 as it continues to work on a wireless charging system that will be a critical part of the battery-powered luxury car.

Audi targets expansion in smaller Chinese cities

July 26, 2013 06:01 CET
Audi forecast sales in China will increase by about 11 percent this year, driven by rising incomes and the automaker's expansion into smaller cities.

Automotive News
Special Video Report
Nissan's Munoz on dealers: 'You grow or you go'

Nissan's Munoz on dealers: 'You grow or you go'

Nissan North America Chairman Jose Munoz has a tough goal to meet: Raise the combined U.S. market share of Nissan and Infiniti from 8.4 percent to 10 percent by March of 2017.
» Watch the Video
     
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