Headlines for Sunday, October 27, 2013

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TrueCar dumps dealership that failed financing goals

12:01 am U.S. ET | Oct. 27, 2013
TrueCar dropped Honda of Annapolis from its network of participating dealerships after the store failed to finance enough vehicle sales through USAA, a TrueCar partner.

CEO: TrueCar growing, dealership profits are up

12:01 am U.S. ET | Oct. 27, 2013
TrueCar expects participating dealerships to sell 400,000 vehicles this year from the shopping site, up 60 percent from the 2012 total, CEO Scott Painter said last week.

Fiat's Turkey JV to start production of new model in 2015

Oct. 27, 2013 06:01 CET
Fiat's Turkish joint venture plans to start manufacturing a new passenger car in the second half of 2015. Istanbul-based Tofas also will invest $520 million to more than double production to 580,000 vehicles by 2023, exporting a third of the total.

Mubea opens tailored rolled blanks factory in Kentucky

Oct. 27, 2013 06:01 CET
German supplier Mubea has opened a factory to make tailored rolled blanks in northern Kentucky. Mubea is the fourth German-owned auto company to either open or announce plans to locate a new factory in Kentucky since November 2012.

Lear raises forecast on strong U.S. demand

Oct. 27, 2013 06:01 CET
Lear, which counts on Europe for more than one-third of its business, raised its full-year sales and operating profit forecast as demand rose for its auto seats and electric power systems.

Faurecia U.S. plant in Kentucky joins union

Oct. 27, 2013 06:01 CET
Workers at French supplier Faurecia's U.S. plant in Louisville, Kentucky, have elected to join the United Auto Workers union.


Safety actions may be a sign of progress, but they remain a costly headache

12:01 am U.S. ET | Oct. 27, 2013
Doesn't it seem like there's a vehicle safety recall practically every other day? Actually, there is. This year, automakers announced 143 recalls in the 273 days through September, affecting as many as 18.5 million cars and light trucks -- well more than the number of new vehicles sold.

GM planning Chevy push in China as VW threatens lead

8:34 pm U.S. ET | Oct. 27, 2013
General Motors said it plans to step up promotions of the Chevrolet brand in China and bolster the lineup of GM's SUVs to defend its lead in the world's largest auto market.

Spain offers 4th car incentives program to boost sales

Oct. 27, 2013 06:01 CET
Spain's government offered the fourth car incentives program in a year, extending a program to boost sales as the economy tries to emerge from a two-year recession.

Guiding PR principles are safety, openness

12:01 am U.S. ET | Oct. 27, 2013
At their worst, big recalls can lead to upset customers and months of bad press for automakers.

Who pays the bill? Usually the supplier

12:01 am U.S. ET | Oct. 27, 2013
Warranty claims reported by publicly traded companies range from $11 billion to $13 billion a year. That's a powerful incentive for automakers to hold suppliers liable, and they generally find ways to do so.

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