Headlines for Wednesday, August 28, 2013

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AutoNews Now: Hey Fiesta, what's cooking?

Ford finds a meaty marketing opportunity; stop/start standard on base Chevy Malibu; Toyota's Lentz takes the stand. Read More »

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NICK BUNKLEY:

Breakfast to go: Ford fries up the Bacon Fiesta

Ford created the Bacon Fiesta, its tastiest-sounding product since the Ranchero was discontinued in 1979, to promote its line of custom vinyl graphics. It also serves as a shocking reminder that we have only two shopping days left before International Bacon Day on Saturday. Read More »

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2013 FRANKFURT AUTO SHOW:

S-Max Concept heralds latest Ford design, technology

Ford will showcase its latest global design language with the introduction of the S-Max Concept at the Frankfurt auto show. Read More »

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U.S. sales pace in August projected to top 15.5 million, analysts predict

The annualized sales rate in the United States for August is tracking above 15.5 million units, fueled by strong replacement demand, cheap and available credit, and a calendar quirk, forecasters say. Read More »

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First Shift: Van spotlights Ford design

S-Max takes the stage next month in Frankfurt; Lincoln 'not true luxury,' exec says; Snyder: How the U.S. fails to measure up. Read More »

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2013 FRANKURT AUTO SHOW:

Volvo set to debut coupe concept

Volvo is set to unveil a coupe concept at the Frankfurt auto show that will preview its new styling direction. Read More »

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Ford, aiming for more value shoppers, plans F-150 STX SuperCrew for '14

Ford is adding another niche trim level to its lineup of full-sized pickups: the F-150 STX SuperCrew. It is aimed at first-time buyers or value-conscious customers who are returning to the market. Read More »

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Next Prius will cost less, get better fuel economy, Toyota engineer says

The next Toyota Prius will get "significantly better fuel economy in a more compact package that is lighter weight and lower cost," the Prius program's chief engineer said. Read More »

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Maserati car orders almost triple on new models

Fiat Group's Maserati brand received about 17,000 orders worldwide in the year to end-July, nearly triple the amount sold last year as new models started to attract buyers. Read More »

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Toyota emphasizes customer care, while aiming for 15% U.S. share

Toyota Motor Sales USA is setting aside rapid market share growth as a priority and will focus on "taking care of the customer" as a primary goal, the company's top sales executive in the United States said today. Read More »

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JIM HENRY:

Is it time for lenders to open the spigot?

Since 2010, credit bureaus and auto lenders have tallied quarter after quarter of near-record lows for delinquencies, even though volume and subprime loans are up. Read More »

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Lentz testifies on Toyota's brake override questions

Toyota decided not to market its brake-override system as "safe stop" to avoid promising more than the mechanism could deliver for driver safety, the company's top U.S. executive told a California jury. Read More »

AutoTrader.com, Carfax renew agreement

AutoTrader and Carfax said today they have renewed their partnership, but with one major change: It's no longer an exclusive deal for Carfax. Read More »

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Edmunds, reputation manager settle dispute over bogus reviews

A reputation-management company that Edmunds accused of submitting fraudulent auto dealership reviews has agreed to permanently stop registering accounts and posting on Edmunds as part of a legal settlement announced today. Read More »

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EV fast charger installation to soar, study says

Rapid development of fast-charging technologies for electric vehicles will lead to the installation of 199,000 fast-charging stations worldwide by the end of the decade -- more than 100 times the number of the stations in 2012, a study by IHS Automotive says. Read More »

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Toyota eyeing more Mexico manufacturing

Toyota wants to boost capacity in Mexico, but a key executive declined to give a timeline for a new plant. Toyota board member Mark Hogan, a former General Motors executive, said the automaker wants to add "more production capacity" in Mexico. Read More »

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Ford plans to sell Edge in China, report says

Ford expects to sell its Edge midsize crossover in global markets -- including China -- when the car is redesigned in early 2015, two sources familiar with the automaker's plans told Reuters today. Read More »

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South Africa auto dealers may be included in strikes

About 72,000 car dealership and gas station employees in South Africa plan to join striking auto workers next week after a breakdown in wage discussions between employers and the country’s labor unions. Read More »

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Customer Incentives

This is data compiled by the Automotive News Data Center and requires a Data Center subscription to access. Read More »

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GM boosts Malibu's mpg in bid to revive sales

The re-engineered 2014 Chevrolet Malibu will get a bump in its fuel economy rating for city driving -- to 25 miles per gallon, from 22 -- in a bid to revive the mid-sized sedan's sluggish sales. Read More »

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2013 FRANKFURT AUTO SHOW:

S-Max Concept heralds latest Ford design, technology

Ford will showcase its latest global design language with the introduction of the S-Max Concept at the Frankfurt auto show next month. Read More »

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Gen Y prefers online auto loans, survey says

Millennials would rather get their auto loans online than at dealerships, according to a survey by AutoTrader.com. Read More »

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Q&A:

Subprime lender AFS Acceptance plans 'slow and steady' expansion

AFS Acceptance, traditionally a deep subprime lender, is branching out a bit. The lender this month purchased the auto loan portfolio of Preferred Automobile Credit, a subprime lender in Orwigsburg, Pa. Read More »

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Lithia's biggest F&I challenge is financing

Lithia Motors leaders say financing for “special credit” customers has improved but remains a challenge. Lithia secures financing for about half its subprime customers compared with financing more than three-quarters of its other customers. Read More »

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Lenders’ group forms panel to address consumer complaints

A national trade group of lenders has formed a compliance committee to help auto lenders and other finance companies deal with consumer complaints filed with the Consumer Financial Protection Bureau. Read More »

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BMW owners vent anger at months-long wait for spare parts

BMW has angered some of its global customers because a new supply-management system is delaying the delivery of spare parts to fix their vehicles. Read More »

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Ford's Odell expects Europe car market to take 5-6 years to recover, report says

Ford of Europe chief Stephen Odell says he expects the European car market could take five to six years to recover, a German newspaper reported. Read More »

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PSA eyes GM tie-up in South America, report says

PSA/Peugeot-Citroen wants to take advantage of partner General Motors' strength in South America to reduce its dependence on Europe, a senior executive told a newspaper. Read More »

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Ford will expand MyFord Touch infotainment system to European models

Ford plans to introduce its MyFord Touch infotainment system to its vehicle lineup in Europe starting next year. Read More »

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