Headlines for Friday, October 4, 2013

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VIDEO: AutoNews Now: Reuss on GM diversity

12:01 am U.S. ET | Oct. 4, 2013
Minority executives, dealers propel cultural change; GM streamlines military discounts; VW's XL1 makes U.S. debut.

Musk defends Tesla Model S safety after review of fire

5:04 pm U.S. ET | Oct. 4, 2013
Tesla CEO Elon Musk, in a letter posted on the company's Web site, defended the safety of the company's flagship Model S sedan after a fire involving one of the cars raised questions about its lithium ion battery pack.


Great Odin's raven! Ron Burgundy shills Dodge Durango

3:11 pm U.S. ET | Oct. 4, 2013
It looks like the polyester-clad cult icon who believed diversity "was an old, wooden ship used during the Civil War era" is the newest spokesman for the Dodge Durango. Great Odin's raven!

Volkswagen will invest $236 million in Brazil auto plant

Oct. 4, 2013 10:29 CET
Volkswagen plans to invest $235 million to build the latest Golf in Brazil.

VIDEO: First Shift: Tesla's Virginia deal

12:01 am U.S. ET | Oct. 4, 2013
Tesla cleared to apply for dealership license; Corolla suffers in small overlap test; Escalade ready for NYC; harnessing pet safety.

Mercedes sales rise 16% in September to set monthly record

Oct. 4, 2013 14:37 CET
Mercedes posted its best-ever sales month in September, driven by strong deliveries of its compact car line and a jump in demand in China.

High demand to limit Corvette supplies

2:31 pm U.S. ET | Oct. 4, 2013
The 2014 Corvette will be in short supply, with few unsold units on dealer lots until spring at the earliest. GM officials said production of the two-seat sports car will be capped at about 160 units per day on one shift.


Buick's new game plan for reviving Regal sales

3:30 pm U.S. ET | Oct. 4, 2013
What's wrong with Buick Regal sales? That's the question asked often of Buick executives over the past 18 months. Why 18 months? Because that's around the time the smaller, less expensive Verano compact sedan entered Buick's lineup.

Tesla in talks with Samsung SDI for battery supply deal

7:07 am U.S. ET | Oct. 4, 2013
Tesla Motors may name South Korean battery producer Samsung SDI Co. as an additional supplier as the California electric vehicle maker tries to add more models and expand.

Audi CVT settlement approved, covers 64,000 cars

3:06 pm U.S. ET | Oct. 4, 2013
Volkswagen Group of America’s settlement of a class-action lawsuit over alleged defects in the continuously variable transmissions in thousands of Audi vehicles has received final approval in federal court in Los Angeles.

Seinfeld pledges to help make Acura master of its domain

12:41 pm U.S. ET | Oct. 4, 2013
What's the deal with auto commercials showing cars driving through the desert? Who does that? Not Acura, if Jerry Seinfeld has anything to say about it.

EPA says automakers' test drivers can be too good

11:37 am U.S. ET | Oct. 4, 2013
Car companies warn car buyers that their fuel economy will vary in the real world. The numbers vary in the laboratory, too, says the top auto regulator at the EPA -- and he's warning automakers to mind the gap.

Severstal NA replaces most top execs to reflect steelmaker's shift in priorities

10:02 am U.S. ET | Oct. 4, 2013
The North American unit of Russian steelmaker OAO Severstal, which owns the steel plant at Ford's famed Rouge manufacturing complex, has replaced nearly all of its senior management this year in an attempt to create "profitable, sustainable growth," the unit's new CEO says.

Schaeffler replaces CEO Geissinger to overhaul strategy

Oct. 4, 2013 12:08 CET
German supplier Schaeffler says it has replaced Juergen Geissinger as CEO to pave the way for a change in strategy at the company.


Downside of Abenomics hits Japan's automakers

8:19 am U.S. ET | Oct. 4, 2013
Abenomics, the pet name for Japan's economic revival, has worked magic on the yen, boosting the country's carmakers. But now the other shoe is about to fall: Tax hikes.

Hyundai's Czech plant sees output at full capacity despite downturn

Oct. 4, 2013 09:50 CET
Hyundai plans to build 300,000 cars this year at its plant in the Czech Republic and keep production at full capacity in the coming years.

Volvo names new U.S. chief in shakeup to boost sales, marketing

Oct. 4, 2013 06:01 CET
Volvo tapped the head of its finance arm as acting boss for the United States as part of a management shakeup to boost the automaker's lackluster sales and marketing in the U.S.

ANE monthly e-magazine goes live Monday

Oct. 4, 2013 06:01 CET
The latest issue of the Automotive News Europe monthly e-magazine looks at how the upscale push by volume brands such as Ford and Renault brings risks and potential rewards.

UK car sales surge to 5-year monthly high in September

Oct. 4, 2013 11:08 CET
UK car sales rose 12 percent in September to the highest monthly total in more than five years, reflecting growing economic confidence.

Renault could launch hybrids by 2020, report says

Oct. 4, 2013 10:41 CET
Renault is working on hybrid technologies that it may offer in its cars by the end of the decade, a French newspaper said.

Toyota is the most valuable auto brand, survey shows

Oct. 4, 2013 06:01 CET
Toyota remains the most valuable automotive brand worldwide, followed by Mercedes and BMW in a survey of the 100 most valuable brands.

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