Headlines for Thursday, October 31, 2013

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VIDEO: AutoNews Now: Sales without showrooms

12:01 am U.S. ET | Oct. 31, 2013
GM endorses online buying, but will such efforts click with dealers?; U.S. market stumps VW; a sporty concept from Subaru.

Ford sees 30% jump in Lincoln October U.S. sales as ads debut

1:47 pm U.S. ET | Oct. 31, 2013
Ford, a laggard in the U.S. luxury-auto market, said its Lincoln brand sales rose about 30 percent this month as it introduced new advertising for the revamped MKZ sedan ahead of rivals' holiday promotions.

VIDEO: First Shift: Car sales, political scares

12:01 am U.S. ET | Oct. 31, 2013
Snyder: October U.S. sales expected to rise, but could they be higher?; Subaru, Mazda raise forecasts; Fiat to fall short.

Daimler wants to expand cooperation with Tesla

Oct. 31, 2013 17:24 CET
Daimler would like to expand its cooperation with Tesla Motors, Bodo Uebber, the automaker's chief financial officer said. Tesla currently supplies electric motors and batteries to Daimler.

Daimler wants to expand cooperation with Tesla

11:24 am U.S. ET | Oct. 31, 2013
Daimler would like to expand its cooperation with Tesla Motors, a top Daimler executive said today. Tesla is supplying electric motors and batteries to Daimler for its Smart Fortwo EV and the new Mercedes-Benz B-Class EV that goes on sale next year in the United States and Europe.


Coming to the center stack: Buy a car, get a coffee coupon

4:12 pm U.S. ET | Oct. 31, 2013
I can hear the commercials now. "Buy a [insert car here] and get 50 percent off on Starbucks coffee! The coupon code will pop up on your vehicle's screen. All you have to do is scan it with your phone and show it to the barista!" This isn't a far-fetched scenario.

Mazda profits surge 60% on currency gains, strong sales

2:11 pm U.S. ET | Oct. 31, 2013
Mazda said its profits in the quarter ended Sept. 30 surged on exchange-rate gains and higher sales. Net income jumped 60 percent to 19.53 billion yen ($198.5 million) as revenue rose 24 percent to $6.5 billion.

Ford targets sustained North America profit amid F-series change

11:10 am U.S. ET | Oct. 31, 2013
Ford wants to maintain record earnings in North America next year as analysts project that a transition to new F-series pickups might trim production, the automaker's president for the region said.

Marchionne says he is ready to carry out Chrysler IPO in 2013

Oct. 31, 2013 14:27 CET
Fiat Group CEO Sergio Marchionne says he is working "diligently" to prepare a possible share sale by Chrysler Group within the year.

Fiat's Serbian unit halts production

Oct. 31, 2013 13:38 CET
Fiat's Serbian unit has halted production after a supplier was unable to deliver parts, the company said on Thursday. "Production ceased on Wednesday and we still don't know when it will resume," Fiat spokeswoman Aleksandra Rankovic said.

VW's rise to global No. 1 remains elusive as U.S. sales disappoint

Oct. 31, 2013 06:34 CET
Two years after VW began its latest push to become a major contender in the U.S. car market, local automakers are hitting back hard, hampering VW's bid to be the world's best-selling carmaker.

VW's MQB platform already cuts costs, CFO says

Oct. 31, 2013 12:50 CET
VW Finance Chief Hans Dieter Poetsch said the carmaker's new MQB modular platform is already helping to cut costs, dismissing concerns that the technology is weighing on profit.

Marchionne promises reworked plan for Alfa, entire Fiat Group

Oct. 31, 2013 12:45 CET
Fiat-Chrysler CEO Sergio Marchionne has promised his fourth revival strategy in nine years for the struggling Alfa Romeo brand. Alfa's future is a key part of Marchionne's effort to turn around Fiat Group, which just lowered its profit target for 2013 because of persistent losses in Europe.

BorgWarner profits skyrocket 65% in Q3

Oct. 31, 2013 06:01 CET
BorgWarner, the maker of automotive turbochargers and emission systems, reported a 65 percent rise in quarterly profit, partly due to higher demand for fuel-efficient vehicles.

BMW recalls 176,000 4-cylinder vehicles globally to fix power brakes

Oct. 31, 2013 06:01 CET
BMW is recalling about 176,000 of its four-cylinder, gasoline-powered vehicles from the 2012-2014 model years because of potential problems with the power brakes.

Subaru raises annual profit forecast on record U.S. sales

6:58 am U.S. ET | Oct. 31, 2013
The maker of Subaru cars has lifted its already rosy full-year profit and sales forecasts on the back of a weaker yen and plans for a fifth-straight year of record sales in the United States.


Mazda Europe appoints former BMW design exec Rice as creative director

Oct. 31, 2013 06:01 CET
Mazda has strengthened its styling team in Europe with the appointment of veteran design executive Kevin Rice as its creative director.