Headlines for Monday, November 25, 2013

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Mazda's new CEO on sales, rotary engine

After nearly six months on the job, Mazda CEO Masamichi Kogai is looking to achieve record U.S. sales in the next two years. The 59-year-old is asking U.S. dealers to take up the challenge of hitting 400,000 sales by fiscal year 2016, topping the automaker's 1986 peak. Read More »

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$25,000-plus EV sticker turns away many consumers, survey finds

Electrified vehicle sales have increased in recent years but the market still faces challenges such as steep pricing and lack of consumer familiarity with products, a new survey says. Read More »

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TrueCar said to consider IPO in 2014

TrueCar is considering selling shares in an initial public offering in the first half of 2014, two people with knowledge of the matter said. Read More »

Kia, Lincoln finance units score top rankings in J.D. Power survey

Kia Motors Finance was the top auto lender among mass-market brands and Lincoln Automotive Financial Services the top lender among luxury brands in JD Power's 2013 U.S. Consumer Financing Satisfaction Study released today. Read More »

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AutoNews Now: Honda's big challenge: Acura

Luxury sedan lineup needs lots of improvement, says Honda's U.S. chief; Tavares to run Peugeot; glad tidings for Nov. sales? Read More »

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Lithia expands to boost used-car sales

Lithia Motors Inc. is focusing on people, property and pro-cesses in its bid to sell an average of 75 used vehicles per store each month. In the third quarter, Lithia sold an average of 57 used vehicles per store per month, up from 52 a year earlier. Read More »

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2013 L.A. Auto Show:

When the Mustang goes global, marketing boss Farley will be in ...

To make the point that it has global aspirations for the Mustang, Ford announced last week that the redesigned version marking the car's 50th anniversary will be introduced Dec. 5 in six cities around the globe: New York, Dearborn, Los Angeles, Barcelona, Shanghai and Sydney. Read More »

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First Shift: No Chrysler IPO in '13

Fiat expecting Q1 offering; TrueCar said to be mulling IPO; Tavares next Peugeot CEO?; dealer's 'Black Friday' promo. Read More »

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PSA hires Tavares as next CEO

PSA has hired former Renault executive Carlos Tavares to replace Philippe Varin as CEO in 2014. Read More »

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Volvo gets $800 million China loan; money to help develop cars for market

Volvo says it has signed an $800 million loan agreement with the China Development Bank that will help it finance the development of new cars in the market. Read More »

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Fiat says no Chrysler IPO in 2013

The planned stock market listing of Fiat's U.S. unit, Chrysler, will not take place this year, the Italian carmaker said today, prolonging the uncertainty over its chances of buying out the rest of the company. Read More »

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GM, Toyota get boost from discounted finance, lease deals for Uber drivers

People who sign up as drivers for Uber Technology's car-booking service will be able to get discounted financing or leasing for vehicles made by Toyota and GM. Read More »

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Volvo secures $800 million loan from China Development Bank

Volvo Cars, struggling to restore profits since Zhejiang Geely Holding Group acquired the company from Ford in 2010 for $1.8 billion, signed a second loan agreement with China Development Bank. Read More »

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GM investors expect buybacks, dividend after U.S. exit

General Motors investors are focused on the possibility of stock buybacks or a dividend on common shares now that the Treasury has outlined its plans to sell the rest of its GM stake by year end, analysts said. Read More »

Dataium settles with New Jersey over sharing consumer data

An automotive market research company has settled with the state of New Jersey after being accused of using software code to monitor online consumer behavior without consent. Read More »

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Fiat says no Chrysler IPO in 2013

The planned stock market listing of Fiat's U.S. unit, Chrysler, will not take place this year, the Italian carmaker said Monday, prolonging the uncertainty over its chances of buying out the rest of the company. Read More »

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PSA names ex-Renault COO Tavares to succeed CEO Varin

PSA Peugeot Citroen today named former Renault executive Carlos Tavares as its next CEO in a move that may help to secure new funding from Chinese partner Dongfeng. Read More »

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PSA board said to OK hiring ex-Renault COO Tavares to succeed CEO

PSA's board has approved hiring former Renault Chief Operating Officer Carlos Tavares to replace Philippe Varin as CEO, people familiar with the matter said. Varin, 61, plans to step down next year as and wants Tavares, 55, to initially serve as his No. 2, said the people. Read More »

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LOS ANGELES AUTO SHOW:

Hyundai's salvo may signal the start of a fuel cell fight

A battle is brewing in, of all segments, hydrogen fuel cell electric vehicles. Read More »

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Faurecia trims mid-term goals after acquisitions

Faurecia said that it has trimmed its mid-term sales and margin goals as it digests several acquisitions made over the past few years. Read More »

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Zetsche says Daimler would 'welcome' Chinese investor

Daimler would welcome a Chinese investor after taking a stake in Beijing Automotive Group, though it has had no sign that this will happen, CEO Dieter Zetsche said. Read More »

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Mercedes will make engine lines more flexible

Mercedes wants to establish a so-called "agile production" system in its engine assembly operations, production and purchasing boss Andreas Renschler said. Read More »

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Zetsche says Daimler would 'welcome' Chinese investor

Daimler would welcome a Chinese investor after taking a stake in Beijing Automotive Group, though it has had no sign that this will happen, CEO Dieter Zetsche said. Read More »

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PSA said to discuss hiring ex-Renault COO Tavares to succeed CEO Varin

PSA CEO Philippe Varin plans to step down next year and hire former Renault COO Carlos Tavares as his replacement, people familiar with the matter said. Varin wants Tavares to initially serve as his No. Read More »

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Fisker files for U.S. bankruptcy protection as part of sale to Hong Kong tycoon

Fisker Automotive, the dormant California-based maker of hybrid-electric sports cars, filed for Chapter 11 bankruptcy protection as part of a restructuring plan. Read More »

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Mercedes will make engine lines more flexible

Mercedes wants to establish a so-called "agile production" system in its engine assembly operations, production and purchasing boss Andreas Renschler said. Read More »

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2014 Rising Star nominations sought

Automotive News Europe needs your help to find the Rising Stars in the European automotive industry. We define a Rising Star as an automotive executive with a pan-European profile who has driven change, fostered innovation and made courageous decisions. Read More »

$1 cars feed Black Friday sales frenzy

Sterling McCall Toyota's “Slicer Sale” is a Black Friday publicity magnet with its promise of three used cars for a $1 sales price and other discounts. Read More »

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BEST PRACTICES:

No-pressure center: Dealer lures shoppers put off by showrooms

Inside the futuristic-looking building next to Patsy Lou Chevrolet, the walls are a vibrant teal, industrial-style lights dangle from the high ceiling and offices have no desks, only flat-panel TVs and high-top tables. Read More »

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Design of Nissan's BladeGlider draws from Le Mans cars

Nissan Motor Co. channeled its Le Mans racing know-how into a three-seat concept car fit for city streets. Like its racing brethren, the BladeGlider gets widely spaced rear wheels, a rear-slung cockpit, a long pointy nose and a set of front wheels so narrowly tracked that they almost look like one. Read More »

TOKYO AUTO SHOW:

They're back: Japan automakers target U.S. sales records

After five trying years, the Japanese are looking like a juggernaut again in the United States. All but Mitsubishi are predicting record U.S. sales -- if not this year or next, then within two years. And the optimism appears well-founded. Read More »

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Honda's new drivetrains: Sporty, green

In 2011, Honda Motor Co. CEO Takanobu Ito unveiled the Earth Dreams powertrain line. But the fuel-sipping drivetrains had critics wondering whether the automaker had lost its performance edge. Read More »

ADESA starts 2014 with new CEO

Stephane St-Hilaire has been named president and CEO of automotive auction firm ADESA Inc., effective Jan. 6. Parent company KAR Auction Services Inc., made the announcement last week. Read More »

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Munoz, LaNeve to join marketing panel at congress

Jose Munoz, Nissan's new head of North American operations, and Mark LaNeve, COO of the advertising agency Global Team Ford, will take part in a roundtable discussion on marketing at the Automotive News World Congress in January in Detroit. Read More »

EDITORIAL:

CFPB, lenders, dealers are talking, and that's progress

The Consumer Financial Protection Bureau and U.S. auto dealers appear to have a framework for defusing a squabble over loan discrimination. Read More »

BMW's fwd Active Tourer coming in 2015

BMW's first front-wheel-drive crossover, the Active Tourer, will go on sale in the United States in early 2015. Read More »

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Unveiled at Tokyo, Lexus RC's 2 choices: Green or souped-up mean

The Lexus RC coupe unveiled last week at the Tokyo Motor Show offers two drivetrain choices: souped-up at 314 hp or lean and green at 217 hp. The car goes on sale next year, but Lexus did not say when. The nameplate is new. Read More »

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Subaru's Doll: Improved interior shores up Legacy

The redesigned Subaru Legacy sedan, expected next summer in U.S. showrooms, will take styling cues from the sleek concept at the Los Angeles Auto Show. Read More »

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Reuss would 'love' high-performance version of Sonic

General Motors North America President Mark Reuss said he would like to add a pocket-rocket version of the Sonic to Chevrolet's lineup. "Yeah, I'd love to do that," he said on the sidelines of the auto show here last week. "We've got the ride-and-handling vehicle dynamics for it." Read More »

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Jag's new coupe

The Jaguar F-Type coupe, unveiled last week at the Los Angeles Auto Show, goes on sale in the United States in the spring. The coupe, top, starts at $65,895, including shipping. The top-of-the-line R version, above, is priced at $99,895, including shipping, and will get a 5. Read More »

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KEITH CRAIN:

Musk can run, but he can't hide

When you decide to get involved in the automobile industry, you quickly discover that there are more touch points with government, both state and federal, than probably in any other industry in the world. Read More »

EDITORIAL:

Connectivity evolves

Automakers seem reconciled to generating less revenue from vehicle connectivity than they once expected, and that's probably for the best. Read More »

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MIKE COLIAS:

3 reasons Chevy expects a revival in small pickups

Chevrolet's redesigned Colorado debuted at the Los Angeles Auto Show last week amid plenty of anticipation -- and no small amount of skepticism. Read More »

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