Headlines for Thursday, August 15, 2013

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Audi reveals new Quattro concept sketches before Frankfurt show

Aug. 15, 2013 09:59 CET
Audi has released design sketches of its plug-in hybrid Quattro concept ahead of its unveiling at the Frankfurt auto show next month.

Ford of Europe sales boss sees no quick end to price war

Aug. 15, 2013 15:51 CET
Europe's car market may be on the rebound, but a manufacturers' price war will not let up until sales increase significantly, Ford of Europe's sales chief says.

Elmiraj concept signals Cadillac's big ambitions

9:30 pm U.S. ET | Aug. 15, 2013
Cadillac is hinting at the future top end of its lineup with a grand coupe concept. The rear-wheel-drive, two-door coupe, called Elmiraj, explores "new dimensions for Cadillac's ongoing expansion," GM said.

Ford lowers fuel economy rating on C-Max hybrid 8.5% to 43 mpg

12:00 pm U.S. ET | Aug. 15, 2013
Ford will reduce the stated fuel-economy rating of its C-Max Hybrid car to 43 mpg -- a rare and potentially costly move that Ford spent months feverishly working to avoid.

VIDEO: AutoNews Now: Ford's mileage setback

12:01 am U.S. ET | Aug. 15, 2013
Under fire, automaker lowering C-Max hybrid fuel-economy rating; 'Black Label' for Lincoln; SiriusXM buying Agero unit.

BMW introduces a muscular M4 concept

4:08 pm U.S. ET | Aug. 15, 2013
BMW is introducing a concept version of its latest M model -- the M4 that coincides with BMW's new naming convention for its compact coupes.

Automakers and the EPA

3:33 pm U.S. ET | Aug. 15, 2013
Ford's restatement of fuel-economy figures for the C-Max caps a series of efforts in recent years to sort out discrepancies between EPA ratings and real-world vehicle fuel economy.

VIDEO: First Shift: Elantra gets a new look

12:01 am U.S. ET | Aug. 15, 2013
Hyundai rolls out freshened compact in South Korea; Ford to boost capital, dividend; Snyder: How Europe compares with N.A.

Highlights of Ford's announcement: Owners will get $550; C-Max combined mpg now 43

4:45 am U.S. ET | Aug. 15, 2013
Ford said Thursday that it will give C-Max hybrid owners $550 and will revise its fuel economy rating downward to 43 mpg combined from 47 mpg, an 8.5-percent drop. Ford will give lessees $325.

Berkshire Hathaway, other big investors hike GM stakes

10:11 am U.S. ET | Aug. 15, 2013
Harris Associates, State Street and Berkshire Hathaway led purchases of GM stock last quarter as the U.S. government continued selling the company's shares and GM rejoined the Standard & Poor's 500 Index.

GM was urged by U.S. to improve Delphi hourly worker pensions, watchdog says

3:54 pm U.S. ET | Aug. 15, 2013
The United States government urged General Motors to improve pensions of some Delphi Automotive union retirees while cutting those of salaried workers to help ensure a speedy emergence from a GM bankruptcy, the watchdog of the Troubled Asset Relief Program said.

Why 'your mileage may vary'

3:28 pm U.S. ET | Aug. 15, 2013
New-car buyers place a lot of faith in the EPA's fuel economy window label numbers -- only to find out later that the vehicle doesn't meet them. That's the conflict behind the standard industry disclaimer "Your mileage may vary."


Many C-Max owners -- including me -- knew the mpg estimate was askew

12:41 pm U.S. ET | Aug. 15, 2013
Back in mid-October, about two weeks after I bought my 2013 Ford C-Max Hybrid SEL, I wrote a column explaining that I couldn't come close to its promised 47 city/47 highway/47 combined mpg.

VIDEO: FROM OUR ARCHIVES: Seeking MPG in the Ford C-Max hybrid

1:50 pm U.S. ET | Aug. 15, 2013
After buying a C-Max hybrid and logging more than a thousand miles, Automotive News reporter Larry Vellequette was only averaging about 37 miles per gallon -- far from the compact hybrid's EPA rating of 47 city/47 highway/47 combined.

VIDEO: Ford's C-Max scramble: A video timeline

2:01 pm U.S. ET | Aug. 15, 2013
A video compilation of events and images spanning the troubled 14-month history the hybrid C-Max.

Jaguar recalls 2,929 cars in U.S. for stalling, window glitch

2:10 pm U.S. ET | Aug. 15, 2013
Jaguar is recalling 2,929 cars in the United States to inspect and repair problems that may cause vehicles to stall and for power windows that could pinch.

Sirius XM acquires connected-vehicle unit of Agero for $530 million

8:04 am U.S. ET | Aug. 15, 2013
Sirius XM Radio agreed to acquire the connected-vehicle services business of Agero for $530 million in cash. The purchase gives Sirius a provider of telematics services for vehicles that includes security, safety and other technologies.

Infiniti names former hotel exec Gillet to head global marketing

12:01 am U.S. ET | Aug. 15, 2013
Infiniti has named Vincent Gillet, a former executive at the Starwood Hotels & Resorts chain, as its global marketing chief.

Lincoln to offer new high-end Black Label trim

1:00 pm U.S. ET | Aug. 15, 2013
Ford's Lincoln luxury brand, aiming to move its image further upscale, will offer a series of high-end trim packages under a new brand designation: Black Label.

Group 1 raises dividend 6%

11:46 am U.S. ET | Aug. 15, 2013
Group 1 Automotive, the nation's fourth-largest dealership, raised its quarterly cash dividend by 6 percent, or 1 cent per share.


Stop crying about the 'weak' yen

12:01 am U.S. ET | Aug. 15, 2013
Detroit automakers need to stop whining about the weak yen damaging their ability to compete against Japanese automakers. It conjures up decades-old images of excuse-making, when the Detroit 3's problems were everyone's fault but their own.

Infiniti names former hotel exec Gillet to head global marketing

Aug. 15, 2013 06:01 CET
Infiniti has named Vincent Gillet, a former executive at the Starwood Hotels & Resorts chain, as its global marketing chief.

Skoda's sales dip 4% in July

Aug. 15, 2013 11:03 CET
Skoda said global sales of its vehicles fell 4 percent to 69,700 units in July. Deliveries in the first seven months were down 6 percent at 534,300 vehicles.


Partsmakers take a hit

Aug. 15, 2013 06:01 CET
Europe's top partsmakers had a tough 2012. Overall European sales by suppliers in the top 30 ranking fell by

Hyundai, Kia to recall about 270,000 vehicles in the U.S.

Aug. 15, 2013 06:01 CET
Hyundai and affiliate Kia are recalling nearly 270,000 car and light trucks in the United States due to possible wheel alignment and axle problems.

European car market begins rebound as economy improves

Aug. 15, 2013 11:34 CET
The European car market is showing the first signs of improvement as a recession ends in the euro zone and deliveries begin to rise in key regional markets.


Citroen fights to shake 'taxi' image in China

12:01 am U.S. ET | Aug. 15, 2013
Citroen wants to develop an upscale image in China, but it's not easy because when people there see a Citroen on the road it is often being used as a taxi.

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