Headlines for Wednesday, December 11, 2013

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AutoNews Now: Reshaping the General

Adding president, non-executive chair among structural changes at GM; grooming another future CEO?; 'ideal place' for Reuss. Read More »

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Customer Incentives

This is data compiled by the Automotive News Data Center and requires a Data Center subscription to access. Read More »

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GM exodus would put Australian auto industry near extinction

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. Read More »

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First Shift: Barra to lead elite club

GM will be largest Fortune 500 company with female CEO; BMW N.A. expansion?; Holden exit puts heat on Toyota. Read More »

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PSA and Dongfeng agree deal outline, report says

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. Read More »

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Former GM exec Brent Dewar named NASCAR COO

NASCAR, amid slumping attendance and TV ratings, has appointed former Chevrolet executive Brent Dewar as COO, effective Jan. 6. Read More »

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JIM HENRY:

Pony car offers plenty of F&I opportunities

Ford brand salespeople will find a lot to like in the redesigned 2015 Ford Mustang. So will Ford F&I managers. Read More »

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LARRY P. VELLEQUETTE:

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

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? Read More »

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Incoming GM CEO Barra seen as winner early in career

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. Read More »

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

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. Read More »

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Q&A:

Westlake's dealership, prime-risk push pays off

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. Read More »

Regulation stays on F&I forefront for 2014

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. Read More »

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TD Auto pares dealership network

TD Auto Finance says it will trim its U.S. dealership network, essentially dropping dealerships with the least amount of volume. Read More »

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GREEN CARS:

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

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. Read More »

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

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." Read More »

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Briton Batey to head GM's most profitable region

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. Read More »

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PAUL MCVEIGH:

Barra's promotion to GM CEO welcomed in Germany

The appointment of Mary Barra as GM's next CEO has been welcomed in Germany, home of the automaker's struggling Opel unit. Read More »

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

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. Read More »

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NICK GIBBS:

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

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. Read More »

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

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. Read More »

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

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. Read More »

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AUTOMOTIVE NEWS EUROPE E-MAGAZINE:

Infiniti Q50 offers auto first: steer-by-wire

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. Read More »

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Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
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