Headlines for Friday, November 8, 2013

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Tesla firetraps? Numbers don't back it up

12:47 pm U.S. ET | Nov. 8, 2013
News of a third Tesla Model S battery fire Wednesday has ignited a wave of safety concern, Internet debate and investor alarm.

VIDEO: AutoNews Now: A foreign eye on UAW

12:01 am U.S. ET | Nov. 8, 2013
Why German workers are aiding union; light problem for VW?; a thaw in China; laying odds on Mulally move to Microsoft.

VIDEO: First Shift: A call for Tesla fire probe

12:01 am U.S. ET | Nov. 8, 2013
Safety advocate Ditlow wants NHTSA to look into third Model S incident; UAW slate; Nissan BladeGlider; best hope for diesel?

Chrysler to recall 1.2 million pickups for possible tie-rod problems

4:08 pm U.S. ET | Nov. 8, 2013
Chrysler Group will conduct three recalls of nearly 1.2 million pickups to inspect and repair misaligned tie-rod assemblies.

Cadillac needs better branding, new marketing chief says

12:34 pm U.S. ET | Nov. 8, 2013
Cadillac's newly hired marketing chief says the brand can reclaim leadership of the United States luxury market if it backs a rejuvenated vehicle lineup with a stronger brand identity.

Retailer AutoCanada's Q3 net income jumps 38%

2:08 pm U.S. ET | Nov. 8, 2013
Publicly held dealership group AutoCanada said today its net income rose 38 percent in the third quarter from a year earlier to C$10.6 million ($10.3 million), as revenue rose 35 percent to a quarterly record $392.5 million.

Frothy subprime borrowing drives U.S. sales, raises alarms

1:27 pm U.S. ET | Nov. 8, 2013
As the fifth anniversary of the Federal Reserve's policy of keeping interest rates near zero approaches, the market for subprime borrowing is once again becoming frothy, this time in the car industry. As with mortgages in 2006 and 2007, the central bank's stimulus is making it easier for U.S.

Survey: For U.S. shoppers, fuel economy trumps performance

1:59 pm U.S. ET | Nov. 8, 2013
Two out of three car shoppers in the United States would sacrifice performance for fuel economy, and reliability is the biggest factor is choosing a new vehicle, according to a study by a Detroit-area consulting firm.

Sonic’s Q3 net income more than doubles

12:14 pm U.S. ET | Nov. 8, 2013
Sonic Automotive's third-quarter net income more than doubled as revenue from new and used vehicles improved. Sonic reported third-quarter net income of $23.3 million compared to $10 million a year earlier.

VW Tiguan probed by U.S. safety regulators for lighting issue

10:21 am U.S. ET | Nov. 8, 2013
Federal safety regulators have opened an investigation into an estimated 61,000 Volkswagen Tiguan SUVs in the United States after receiving complaints about the loss of exterior lighting.

Jaguar Land Rover boosts parent Tata's profit

Nov. 8, 2013 12:43 CET
Tata Motors' second-quarter income gained 71 percent as sales at its Jaguar Land Rover unit expanded. Retail sales at the luxury unit rose at the fastest pace in four quarters boosted by demand for Jaguar models, including the F-Type convertible.

VW Tiguan probed by U.S. safety regulators over lighting issue

Nov. 8, 2013 14:10 CET
U.S. safety regulators have opened an investigation into VW Tiguans in the United States after complaints about the loss of exterior lighting.

Audi's October sales rise nearly 7% on China, U.S. demand

Nov. 8, 2013 12:13 CET
Audi's vehicle sales increased by nearly 7 percent in October on demand for the A3 and Q3 models, along with strong growth in China and the United States.

Fiat plans to offer car-share services in Milan

Nov. 8, 2013 08:51 CET
Fiat will shortly join Daimler in offering car-share services in Milan as automakers seek new ways to attract young drivers who can't afford to buy cars in crisis-hit southern Europe.

Rolls-Royce lures much younger buyers in China

Nov. 8, 2013 06:01 CET
Rolls-Royce buyers in China are a generation younger than their counterparts in Europe and the United States. The average age of a customer in China is 40 to 45 years old while it 60 to 65 elsewhere in the world.

Volvo CEO says Europe production footprint safe

Nov. 8, 2013 06:01 CET
Volvo CEO Hakan Samuelsson says the company's car production footprint in Europe is safe despite the region's chronic overcapacity. He also believes the region's sales slump could be coming to an end.

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