Headlines for Tuesday, September 17, 2013

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Chevy gains 18% as European sales fall to lowest level since 1990

2:33 am U.S. ET | Sept. 17, 2013
European car sales fell 5 percent in August with PSA and Volkswagen Group hit hardest by the eurozone slump. Ford's European sales decreased 1 percent last month.

GM's Silverado edges Ram as Consumer Reports' top pickup

6:00 am U.S. ET | Sept. 17, 2013
GM's redesigned 2014 Chevrolet Silverado 1500 edged Chrysler Group's updated Ram 1500 in an evaluation of the two freshest full-sized pickup trucks by Consumer Reports magazine. But the Ram may be the better truck for consumers who use their vehicles for everyday commuting, the magazine said.

European sales slide resumes in August

Sept. 17, 2013 08:33 CET
European car sales fell 5 percent in August with PSA and VW Group hit hardest by the euro-zone slump. Eight-month sales also fell 5 percent, bringing deliveries this year to the lowest level since records began.

VIDEO: AutoNews Now: GM, Tesla EV battleground

12:01 am U.S. ET | Sept. 17, 2013
Each automaker developing affordable, 200-mile range EV; Bowtie brand bucks sales trend; automaker builds 2-millionth engine.

GM plans to more closely intertwine Buick and Opel brands

Sept. 17, 2013 06:01 CET
General Motors will more closely integrate global product development between Buick and Opel in a bid to cut development costs and increase their product offerings.

VIDEO: First Shift: Silverado edges out Ram

12:01 am U.S. ET | Sept. 17, 2013
Redesigned Chevy beats rival by three points in Consumer Reports tests; Eiji Toyoda dies at 100; Subaru memory mission.

Eiji Toyoda, who turned Toyota into export giant, dies at 100

12:04 am U.S. ET | Sept. 17, 2013
Eiji Toyoda, who spearheaded Toyota's expansion in the United States as the automaker's longest-serving president, died today at the age of 100.

Opel seeks subcompact SUV lead with Mokka

Sept. 17, 2013 06:01 CET
Opel/Vauxhall says it hopes its Mokka subcompact SUV will rise to the top of Europe's fast-growing small SUV & crossover segment, but market watchers don't see it climbing that high.

Peugeot said to consider selling stake to Dongfeng

Sept. 17, 2013 06:01 CET
PSA is considering selling a stake to Chinese automaker Dongfeng Motor to raise cash for an expansion outside its home continent, two people familiar with the matter said.

PSA said to consider selling stake to China's Dongfeng

Sept. 17, 2013 21:35 CET
PSA/Peugeot-Citroen is considering selling a stake to Chinese automaker Dongfeng Motor to raise cash for an expansion outside its home continent, sources said.

Audi resumes Brazil car output in expansion bid to beat BMW

Sept. 17, 2013 17:00 CET
Audi will build the A3 sedan and the Q3 SUV in Brazil starting next year to strengthen its position in Latin America.

Fisker's green energy loan headed for auction block, U.S. says

5:59 pm U.S. ET | Sept. 17, 2013
Following the failure of Fisker Automotive to repay federal loans, the Department of Energy will try to unload its loan in the plug-in electric car maker through an auction, the agency said Tuesday.

Growing Buick, Opel ties may yield more U.S. models

5:35 pm U.S. ET | Sept. 17, 2013
Buick customers in the United States and China could see more European design and engineering in an expanded range of new models by 2020, as GM more closely integrates global product development between Buick and its German brand Opel.

VW says Tenn. plant could make small SUV as soon as 2016

3:35 pm U.S. ET | Sept. 17, 2013
Volkswagen AG plans to debut a subcompact SUV in the U.S. as soon as 2016 and may build it at its Tennessee factory.

Subprime auto loans grow as credit standards ease, competition grows

3:11 pm U.S. ET | Sept. 17, 2013
Subprime auto lenders are enabling buyers to borrow more relative to the cost of a car in a sign that underwriting standards are deteriorating amid increased competition, according to Standard & Poor's.

Ford plans to invest $700 million in Canada plant, report says

10:59 am U.S. ET | Sept. 17, 2013
Ford Motor is preparing to announce plans Thursday that it will spend about $700 million to retool its assembly plant in Oakville, Ontario, according to a Toronto newspaper report.

Lithium ion batteries on path to mass market, LG Chem Power chief says

2:10 pm U.S. ET | Sept. 17, 2013
The CEO of battery maker LG Chem Power said today that the lithium ion battery is "on the right slope" to becoming a feasible, mass-marketed option for automakers.

Visteon may forgo NYSE for Hong Kong, CEO Leuliette says

12:49 pm U.S. ET | Sept. 17, 2013
Visteon is considering leaving the New York Stock Exchange and trading in Hong Kong, where investors recognize the company's value, the company's CEO said.

Estimated Europe registrations by make, Aug. & YTD

11:54 am U.S. ET | Sept. 17, 2013

Estimated Europe registrations by country, Aug. & YTD

11:52 am U.S. ET | Sept. 17, 2013

Eiji Toyoda, who turned Toyota into export giant, dies at 100

Sept. 17, 2013 06:04 CET
Eiji Toyoda, who spearheaded Toyota's expansion in Europe and the United States as the automaker's longest serving president, died today. He was 100.

France will raise tax on high-emission cars, report says

Sept. 17, 2013 10:34 CET
France will raise the maximum tax levy on high-emission cars to 8,000 euros from 6,000 euros, while scaling back subsidies for low-emission vehicles, a newspaper reported.

Bentley says its SUV will create a new segment

Sept. 17, 2013 06:01 CET
Bentley's ultra-luxury SUV will create a new segment when it begins sales in 2016, its global head of sales and marketing said.

Schaeffler sells 4% of Continental to cut debt

Sept. 17, 2013 10:57 CET
German supplier Schaeffler has sold a 3.9 percent stake in fellow supplier Continental for about 950 million euros to cut debt.

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Supplier IAC says size matters more than ever

Sept. 17, 2013 06:01 CET
Achieving scale is the only way to survive as a supplier in a fiercely competitive and globalized automotive market, a top executive at IAC Group said. “Size means you have global presence.

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