Headlines for Tuesday, December 3, 2013

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Mitsubishi plans to cut i-MiEV price by 20%

9:44 pm U.S. ET | Dec. 3, 2013
Following big price cuts by other automakers to stoke demand for electric cars, Mitsubishi said it will reduce the sticker price of its slow-selling i-MiEV electric car by 20 percent for its upcoming model year.

Fiat, partner agree on Chinese Jeep plant location, sources say

6:38 am U.S. ET | Dec. 3, 2013
Fiat and its Chinese partner are near a deal to begin producing Jeeps for the Chinese market in China for the first time since 2006 after they compromised on the plant's location, two people familiar with the talks said.

Images of new Mustang circulate on Web

6:17 pm U.S. ET | Dec. 3, 2013
Ahead of Thursday's global introduction of the redesigned 2015 Ford Mustang, a magazine story with details on the new car circulated on the Internet.

Italy slump continues as November car sales fall 5%

Dec. 3, 2013 09:55 CET
New-car sales in Italy fell 5 percent in November continuing a slump in deliveries in Europe's fourth-largest car market.

German car sales set to grow in 2014, VDA says

Dec. 3, 2013 12:39 CET
Car sales in Germany will recover next year even though November registrations showed a 2 percent decline, industry association VDA said.

VIDEO: AutoNews Now: U.S. sales rate tops 16.4M

12:01 am U.S. ET | Dec. 3, 2013
November marks highest SAAR since Feb. 2007; Ford to trim Q1 output; Saleen to build EV; BMW's McDowell to retire.

Toyota Camry poised to retain No. 1 car crown

4:46 pm U.S. ET | Dec. 3, 2013
With a month to go in 2013, the Toyota Camry has locked up first place for a 12th consecutive year, but its dominance in the mid-sized segment is shrinking even as the automaker dangles bigger-than-usual discounts to lure buyers.

Lamborghini parts ways with U.S. boss Lock

7:57 pm U.S. ET | Dec. 3, 2013
Michael Lock, the top United States executive for Volkswagen AG's Lamborghini subsidiary, has left the company, the Italian manufacturer of exotic sports cars said Tuesday.

Ford to trim Q1 output to keep stockpiles in check

1:44 pm U.S. ET | Dec. 3, 2013
Ford plans to build 2 percent fewer vehicles in North America during the first quarter of 2014 than it did in the same period of this year, which would be the automaker's first year-over-year decline in nearly five years.


U.S. sales surge at fastest pace in nearly 7 years

8:00 am U.S. ET | Dec. 3, 2013
U.S. sales of cars and light trucks surged 9 percent in November to 1.24 million units and rolled off dealership lots at the fastest pace in almost seven years. The industry's annualized sales rate, adjusted for seasonal factors, rose to 16.4 million last month, up from 15.

VIDEO: First Shift: UAW ponders dues hike

12:01 am U.S. ET | Dec. 3, 2013
Increase would be first since 1967; Germany clears Model S, Tesla says; Volvo names new ad agency; Jeep China deal near?

Tesla fire investigation records sought by NHTSA

2:24 pm U.S. ET | Dec. 3, 2013
The National Highway Traffic Safety Administration has asked Tesla Motors to submit detailed records as part of its investigation into battery fires that occurred in Model S vehicles.

German carmakers look abroad to boost production

Dec. 3, 2013 17:33 CET
German carmakers' output is forecast to rise in 2014, driven by overseas production. Vehicle sales in China are set to rise to 17 million next year, while U.S. sales may increase to nearly 16 million, lifting German companies' overseas aspirations.

Industry rides toward 2014 on a high

4:13 pm U.S. ET | Dec. 3, 2013
Automakers rode generous Black Friday incentives to blistering November auto volume and the strongest selling rate since February 2007. The U.S. industry chalked up sales of 1.24 million light vehicles, an increase of 9 percent from strong year-earlier results.

Ford on top in Canada; Chrysler soars

3:51 pm U.S. ET | Dec. 3, 2013
Ford's Canadian unit sold more vehicles than all other automakers in Canada in November, helped in part by strong sales of the Fusion sedan. But in terms of sales growth, Chrysler Canada sales rose almost 13 percent year-over-year in November outpacing all of its Detroit competitors.

Behind Nissan rise, more factory muscle

4:46 pm U.S. ET | Dec. 3, 2013
New factory capacity and tweaked factory orders are helping Nissan brand set record sales records this year. The brand posted record November volumes of 93,376 cars and trucks, up 11 percent from a year earlier.

GM pricing hits record as deliveries rise 14%

3:34 pm U.S. ET | Dec. 3, 2013
General Motors' November sales rose 14 percent on strong retail demand across its four brands and helping to lift the average price of a GM vehicle to a record high.


December and the will to win

4:30 pm U.S. ET | Dec. 3, 2013
Most yearly sales races were decided much earlier. But in the few still unsettled, it comes down to who has a kick left.

Honda volume flat as Civic wipes out Acura gains

4:46 pm U.S. ET | Dec. 3, 2013
American Honda saw its sales tread water last month as higher Acura crossover sales failed to offset a decline in Honda Civic deliveries.

Strong Cherokee launch lifts Chrysler volume

3:41 pm U.S. ET | Dec. 3, 2013
Chrysler Group sales climbed 16 percent last month to 142,275, boosted by a strong launch of the 2014 Jeep Cherokee and brisk sales of other SUVs and pickups. It was Chrysler's best November since 2007, and its 44th consecutive month of year-over-year sales gains.

U.S. senator asks automakers how they will thwart hackers

4:06 pm U.S. ET | Dec. 3, 2013
A United States senator has asked 20 of the world's biggest automakers for information on how they secure their vehicles from cyber attacks, in light of reports by security experts who say they have identified ways to hack into cars.

Mercedes rides $29,900 coupe to wider U.S. luxury lead over BMW

4:16 pm U.S. ET | Dec. 3, 2013
Mercedes-Benz widened its luxury-vehicle lead over the BMW brand in November as sales of the new entry-level CLA coupe contributed almost all of the Daimler unit’s gain in the United States market.

BMW exec Duncan to succeed McDowell at Mini amid N.A. changes

1:52 pm U.S. ET | Dec. 3, 2013
BMW and its Mini brand are making several changes to their North American leadership teams, effective Jan. 1.


Why automakers should pay attention to Amazon's drones

12:41 pm U.S. ET | Dec. 3, 2013
Even if Amazon never manages to launch its experimental drone delivery concept, the auto industry should see it as a wake-up call.


Does the Ford Edge have any chance in Europe?

12:01 am U.S. ET | Dec. 3, 2013
Ford's confidence that it can sell decent numbers of the Mondeo-based Edge in Europe might be misplaced because demand has been falling in the region for mass-market large SUVs.

Mercedes to test-drive online car sales at German dealership

Dec. 3, 2013 06:01 CET
Mercedes will start selling cars online for the first time through its dealership in Hamburg, following BMW in experimenting with Web sales.

Tesla says Germany clears Model S after fires

Dec. 3, 2013 12:50 CET
Tesla Motors' Model S, the electric car being investigated for a possible U.S. recall, was cleared of any safety defect in a review by Germany's transportation regulator, the company said.

Daimler faces insider trading trial over EADS stake

Dec. 3, 2013 12:20 CET
Daimler faces allegations of insider trading over its disposal of shares in EADS, the European aerospace company, in 2006, the Paris prosecutor's office said.

Fiat, partner agree on Chinese Jeep plant location, sources say

Dec. 3, 2013 12:38 CET
Fiat and its Chinese partner are near a deal to begin producing Jeeps in China for the first time since 2006 after they compromised on the plant's location, two people familiar with the talks said.


Audi CEO Stadler aims at next target: 2 million sales

Dec. 3, 2013 06:15 CET
Despite tough conditions in Europe, Audi CEO Rupert Stadler says the brand is determined to reach annual global sales of 2 million vehicles by 2020 and take the lead in the premium segment.

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