Headlines for Tuesday, August 13, 2013

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VIDEO: Audi's Scott Keogh: 'We didn't want to be patient'

12:01 am U.S. ET | Aug. 13, 2013
Audi suffered from a U.S. identity crisis seven years ago. So says Scott Keogh, the ex-Mercedes exec who is now Audi of America's 44-year-old CEO.

VIDEO: AutoNews Now: Finer cars, ruder drivers?

12:01 am U.S. ET | Aug. 13, 2013
Drivers of pricey cars said more likely to skip niceties; VW-brand sales dip; behind Ford's F-150 Tremor; top viral ads.

Renault COO Tavares says he'd like to run GM or Ford

8:24 pm U.S. ET | Aug. 13, 2013
As the top lieutenant to Renault SA CEO Carlos Ghosn, Carlos Tavares admits he's unlikely to succeed his boss, who's just 59. So he wants to run General Motors or Ford. instead. "We have a big leader and he is here to stay," said Tavares, who turns 55 today.

Suburban Collection buys dealership in Garden City, Mich.

4:01 pm U.S. ET | Aug. 13, 2013
Suburban Collection, an auto dealership group in suburban Detroit, today said it has acquired the former Crestwood Dodge-Chrysler-Jeep-Ram in Garden City, Mich., a western suburb of Detroit. The price was undisclosed.

Renault's Tavares says he'd like to run GM or Ford

Aug. 14, 2013 02:24 CET
Renault Chief Operating Officer Carlos Tavares admits he's unlikely to succeed his boss Carlos Ghosn. So he wants to run General Motors or Ford instead.

VIDEO: First Shift: Musk's 'Hyperloop' plan

12:01 am U.S. ET | Aug. 13, 2013
Tesla CEO may build prototype 800-mph, solar-powered transport pods; U.S. sheds more of GM; hot buyers: 60-somethings.

Jaguar Land Rover to recall 11,852 vehicles in China

Aug. 13, 2013 22:55 CET
Jaguar Land Rover will recall 11,852 vehicles in China over possible engine and oil leakage problems, China's quality watchdog said.

BMW China partner's profit gains 52% on demand for 5 series

Aug. 13, 2013 13:04 CET
BMW's Chinese partner, Brilliance, reported first-half profit surged 52 percent on demand for new models including the 5-series sedan.

U.S. Treasury sells another $877 million in GM stock

3:05 pm U.S. ET | Aug. 13, 2013
The Department of Treasury continues to divest its shares in General Motors, following its pledge last December that it would fully divest from its investment in GM within 12-15 months.

IHS: R.L. Polk deal to boost 2013 revenue to about $1.8 billion

3:44 pm U.S. ET | Aug. 13, 2013
IHS increased its 2013 revenue forecast to account for its acquisition of RL Polk. IHS, a global information company with businesses that include defense industry publisher Jane's, energy research firm CERA and economics firm Global Insight, expects revenues in the range of $1.

GABE NELSON

Tesla still driving to ditch side mirrors

1:10 pm U.S. ET | Aug. 13, 2013
For Elon Musk, the founder and CEO of Telsa Motors, no idea appears too small or too big.

GM adds week of production in Ohio to meet Cruze demand

2:02 pm U.S. ET | Aug. 13, 2013
General Motors has added a week of production at its Chevrolet Cruze factory in Lordstown, Ohio, this month to meet growing domestic demand for the compact car, a spokeswoman said today.

Chrysler plans to show high-performance concept pickup at Detroit event

11:59 am U.S. ET | Aug. 13, 2013
Chrysler's Ram brand will use this weekend's Woodward Dream Cruise in suburban Detroit to debut a high-performance concept pickup, possibly a new version of the Power Wagon.

2013 FRANKFURT AUTO SHOW

Kia will unveil potential Nissan Juke rival

Aug. 13, 2013 12:00 CET
Kia plans to unveil a concept car at the Frankfurt auto show in September that could provide the basis for a subcompact SUV to fill a gap in the automaker's model range.

Visteon to sell Chinese JV stake to partner for $1.2 billion

7:35 am U.S. ET | Aug. 13, 2013
Visteon agreed to sell its 50 percent stake in Chinese joint venture Yanfeng Visteon Automotive Trim Systems -- which produces interior components -- to its partner Huayu Automotive Systems for about $1.2 billion.

U.S. auto repossession rate dropped to new lows in Q2

10:16 am U.S. ET | Aug. 13, 2013
Car buyers in the United States got better at keeping current with their loan payments in the second quarter, a report today by Experian Automotive said.

States accelerate efforts to recruit suppliers, automakers

9:09 am U.S. ET | Aug. 13, 2013
With auto sales running at their fastest pace since 2007, the car business is booming in the United States and states' economic-development officials know that now, more than ever, is the time to argue that their location, workforce and community support will make a good marriage with automakers or...

Visteon to sell Chinese JV stake to partner for $1.2 billion

Aug. 13, 2013 13:35 CET
Visteon agreed to sell its 50 percent stake in Chinese joint venture Yanfeng Visteon Automotive Trim Systems and its direct interest in certain YFV affiliates to its partner Huayu Automotive Systems Co.(HASCO) for about $1.2 billion.

VW brand suffers rare sales drop as Europe ails

Aug. 13, 2013 13:08 CET
Volkswagen Group reported a rare dip in global sales of its core VW brand last month as deliveries fell 1 percent to 466,100 vehicles.

Leoni raises 2013 revenue target after record Q2 turnover

Aug. 13, 2013 13:58 CET
German supplier Leoni has raised its full-year revenue target slightly after reporting second-quarter turnover rose 5 percent to 1.01 billion euros ($1.34 billion).

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Daimler, BMW bullish on car-sharing

Aug. 13, 2013 06:01 CET
Daimler says its car-sharing program is already profitable in multiple cities and BMW expects its scheme to start making money this year. Both German automakers also predict that their mobility businesses will generate 1 billion euros each in annual revenues starting in 2020.

Faurecia helps improve new Renault Clio’s pedestrian protection

12:01 am U.S. ET | Aug. 13, 2013
Faurecia helps improve the pedestrian protection in the new Renault Clio. The subcompact has Faurecia’s front end module, which has no protruding edges that can cause injuries to people in the event of a collision.

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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