Headlines for Wednesday, December 11, 2013

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VIDEO: AutoNews Now: Reshaping the General

12:01 am U.S. ET | Dec. 11, 2013
Adding president, non-executive chair among structural changes at GM; grooming another future CEO?; 'ideal place' for Reuss.

Customer Incentives

2:07 pm U.S. ET | Dec. 11, 2013

GM exodus would put Australian auto industry near extinction

8:57 am U.S. ET | Dec. 11, 2013
Australia's century-old automotive industry is stepping closer to extinction after GM joined Ford in deciding to stop making cars in the country -- and Toyota appears likely to be the next to exit.

VIDEO: First Shift: Barra to lead elite club

12:01 am U.S. ET | Dec. 11, 2013
GM will be largest Fortune 500 company with female CEO; BMW N.A. expansion?; Holden exit puts heat on Toyota.

PSA and Dongfeng agree deal outline, report says

Dec. 11, 2013 17:57 CET
PSA and Dongfeng Motor have agreed on the main terms of an alliance backed by a $4.1 million to $5.5 billion capital injection for the French carmaker, the Financial Times reported.

Former GM exec Brent Dewar named NASCAR COO

3:29 pm U.S. ET | Dec. 11, 2013
NASCAR, amid slumping attendance and TV ratings, has appointed former Chevrolet executive Brent Dewar as COO, effective Jan. 6.

JIM HENRY

Pony car offers plenty of F&I opportunities

12:01 am U.S. ET | Dec. 11, 2013
Ford brand salespeople will find a lot to like in the redesigned 2015 Ford Mustang. So will Ford F&I managers.

LARRY P. VELLEQUETTE

Why dealers should hire teachers, not tech guys, to deliver cars

2:35 pm U.S. ET | Dec. 11, 2013
Most dealers right now are struggling with a fundamental part of their business: how best to deliver sold cars. Specifically, how should dealers educate their paying customers on all the cool technology that a new car, pickup or SUV contains?

Incoming GM CEO Barra seen as winner early in career

Dec. 11, 2013 10:44 CET
Until two years ago, Mary Barra, who was named as incoming GM CEO, was little known outside the automaker. But her rapid rise inside the company was signaled more than a decade ago.

GM doesn't owe $450M in retiree medical benefits, judge rules

12:30 pm U.S. ET | Dec. 11, 2013
A federal judge said GM is not required to pay $450 million to cover medical benefits for retirees, in a defeat for the UAW that dates back to the automaker's Chapter 11 bankruptcy reorganization.

Q&A

Westlake's dealership, prime-risk push pays off

9:11 am U.S. ET | Dec. 11, 2013
Subprime specialist Westlake Financial Services' continuing campaign to add dealerships and boost its prime-risk loan business is paying off. The Los-Angeles based lender added about 5,000 new-car stores in the past two years, bringing its total to about 18,000 dealerships nationwide.

Regulation stays on F&I forefront for 2014

9:11 am U.S. ET | Dec. 11, 2013
Auto finance regulation will stay on the front burner in 2014, with conclusions likely from investigations that began in 2013, according to attorneys who specialize in the area.

TD Auto pares dealership network

9:11 am U.S. ET | Dec. 11, 2013
TD Auto Finance says it will trim its U.S. dealership network, essentially dropping dealerships with the least amount of volume.

GREEN CARS

Toyota targets 5,000 to 10,000 fuel cell sales a year

Dec. 11, 2013 15:15 CET
Toyota is confident that fuel cell vehicles will be price competitive against other zero-emission cars before 2030, a top executive told Automotive News Europe.

Next GM president Ammann aims to prove he is not just a 'bean counter'

Dec. 11, 2013 13:18 CET
Dan Ammann, GM's incoming president, has gone to great lengths to prove that while he is the U.S. automaker's chief financial officer, he is not just a "bean counter."

Briton Batey to head GM's most profitable region

Dec. 11, 2013 06:01 CET
GM has given responsibility for its most profitable region -- North America -- to Alan Batey, a hard-charging 50-year-old Briton who has zoomed through the automaker's executive sales ranks over the past four years.

PAUL MCVEIGH

Barra's promotion to GM CEO welcomed in Germany

12:01 am U.S. ET | Dec. 11, 2013
The appointment of Mary Barra as GM's next CEO has been welcomed in Germany, home of the automaker's struggling Opel unit.

BMW said to mull first engine plant in U.S. or Mexico

Dec. 11, 2013 12:04 CET
BMW is said to mull building engines in the United States or Mexico for the first time and expanding vehicle production in the region to capitalize on growing demand.

NICK GIBBS

Ford exec blames Chevy Europe's downfall on 'mixed messages'

4:24 am U.S. ET | Dec. 11, 2013
Wondering what Ford's view was on GM's decision to pull Chevrolet from Europe, I put the question to Ford of Europe Chief Operating Officer Barb Samardzich.

BMW said to mull first engine plant in U.S. or Mexico

Dec. 11, 2013 12:04 CET
BMW Group is said to mull building engines in the United States or Mexico for the first time and expanding vehicle production in the region to capitalize on growing demand.

Hyundai says it will not defend Europe market share at all costs

Dec. 11, 2013 09:05 CET
Hyundai targets sales gains in Europe next year but will not seek to maintain its market share at all costs, regional COO Allan Rushforth, said. Hyundai's strategy is to win repeat business, he said.

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Infiniti Q50 offers auto first: steer-by-wire

Dec. 11, 2013 06:15 CET
With the Q50, Infiniti is counting on a world-first technology for a serial production car – steer-by-wire – and the addition of its first diesel powertrain to lure European premium-car buyers from the dominant German brands.

Automotive News
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