Headlines for Wednesday, January 15, 2014

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Ford store prevails in suit over credit check

12:01 am U.S. ET | Jan. 15, 2014
A federal judge in Detroit has tossed out a suit accusing an area Ford store of knowingly violating the Fair Credit Reporting Act by running a credit check on a customer's husband.
U.S.

F&I TIPS

How to win over reluctant F&I customers

9:51 am U.S. ET | Jan. 15, 2014
How to make one more pitch to F&I refusers and why GAP claims bring opportunity

2014 DETROIT AUTO SHOW

Smack down, gutsy and moonshots: What people are saying about Ford's new F-150

4:04 pm U.S. ET | Jan. 15, 2014
Everyone seems to agree that Ford has done nothing less than reinvent the modern pickup with the 2015 Ford F-150. But it remains to be seen what the redesigned truck, built primarily out of aluminum sheet metal, means for the company and auto industry, on a number of fronts, over the long run.

2014 AUTOMOTIVE NEWS WORLD CONGRESS

Akerson reflects on his beginning, tenure and legacy at GM

6:36 pm U.S. ET | Jan. 15, 2014
General Motors' departing CEO Dan Akerson says his successor faces tougher pressure than he ever did as the first woman to lead a major automaker, but says Mary Barra is a unique leader who “knows the business from the shop floor up.”

2014 AUTOMOTIVE NEWS WORLD CONGRESS

VW, Daimler brave European downturn to offer top shareholder value

7:30 pm U.S. ET | Jan. 15, 2014
Despite the malaise in the European car market, two German automakers and a French supplier have recently delivered the most value to shareholders of all global automotive companies, the consultancy PwC said Wednesday as it honored the winners of the Global Automotive Shareholder Value Awards,...

2014 AUTOMOTIVE NEWS WORLD CONGRESS

Facebook exec says network has untapped potential to influence car shoppers

3:56 pm U.S. ET | Jan. 15, 2014
There's an opening for automakers to boost brand consideration on Facebook within the sea of vacation photos and witty status updates.

2014 AUTOMOTIVE NEWS WORLD CONGRESS

54.5 mpg possible with today's technology, JCI executive says

4:35 pm U.S. ET | Jan. 15, 2014
Automakers can meet the CAFE target without introducing high volumes of electric cars and plug-in hybrids, said members of the purchasing panel Wednesday at the Automotive News World Congress.

Chrysler powertrain chief Gradu departs

5:14 pm U.S. ET | Jan. 15, 2014
The executive whose responsibility it was to ensure the 2014 Jeep Cherokee's innovative drive system worked properly has left Chrysler Group to pursue other interests.

VIDEO: AutoNews Now: Ford's Fields talks tech

12:01 am U.S. ET | Jan. 15, 2014
Blue Oval COO won't 'take a step back' on MyFord Touch; Subaru eyes 500,000 U.S. sales by '16; GM's Hill succeeds Batey.

Q&A

NADA's Westcott: Dealer reserve is still the 'No. 1 issue'

9:08 am U.S. ET | Jan. 15, 2014
Shortly after David Westcott became chairman of the National Automobile Dealers Association a year ago, the Consumer Financial Protection Bureau made clear it saw problems with the dealer reserve, the interest rate markup on vehicle loans that dealerships arrange for customers.

2014 AUTOMOTIVE NEWS WORLD CONGRESS

GM's Ammann upbeat on Opel, product portfolio and transaction prices

3:00 pm U.S. ET | Jan. 15, 2014
General Motors' European Opel unit is in "the best shape it's been in a very long time" and gained market share for the first time in 14 years in 2013, GM President Dan Ammann said today.

VIDEO: First Shift: AutoNation chief: Slow down

7:45 am U.S. ET | Jan. 15, 2014
Jackson warns carmakers to tame output, says '14 will be 'real test'; Toyota exec defends fuel-cell push; Volvo on China exports.

2014 DETROIT AUTO SHOW

Cadillac's big moment in song

2:15 pm U.S. ET | Jan. 15, 2014
It's been a long time since Cadillac has been the subject of a love song. Not since Janis Joplin's "Mercedes Benz" or Bruce Springsteen's "Pink Cadillac" has a ballad for a luxury car brand generated as much traction as Macklemore & Ryan Lewis's ode to Cadillac, "White Walls."

2014 AUTOMOTIVE NEWS WORLD CONGRESS

UAW members will 'overwhelmingly' back dues hike, King says

2:31 pm U.S. ET | Jan. 15, 2014
UAW President Bob King today said he believes workers will “overwhelmingly” support increasing dues for the first time since 1967 to shore up the union's strike fund and help it win better contracts.

GM expects 'modest' gain in U.S. retail market share in 2014

7:51 am U.S. ET | Jan. 15, 2014
General Motors expects to gain "modest" market share at the retail level in the United States this year while continuing to command strong prices, the company said today as its new executive management team took charge.

ARLENA SAWYERS

Count on them: Death, taxes and used vehicles

2:48 pm U.S. ET | Jan. 15, 2014
Death and taxes are two things we know we can count on. Here's one more: The new cars and trucks on display this week at the Detroit auto show will become used vehicles someday.

2014 AUTOMOTIVE NEWS WORLD CONGRESS

New approach to collaboration needed for auto innovation, panel says

12:10 pm U.S. ET | Jan. 15, 2014
Automakers need to revamp their decades-old relationships with suppliers and develop more collaborative relationships in order to quickly add new functionality to connected cars, a panel on vehicle technology and innovation agreed today at the Automotive News World Congress.

GM picks Steve Hill to succeed Batey in U.S. sales post

2:00 pm U.S. ET | Jan. 15, 2014
General Motors today named Steve Hill as vice president of sales and service in the United States to replace the promoted Alan Batey, the latest move in a broad shuffling of the company's executive ranks triggered by the retirement of CEO Dan Akerson.

Lexus exec sees more gains in U.S., emerging markets

1:31 pm U.S. ET | Jan. 15, 2014
Lexus aims to grow as much as 10 percent annually for the next 30 years as it expands in the United States, its biggest market, as well as in emerging markets from Asia to South America.

2014 AUTOMOTIVE NEWS WORLD CONGRESS

Manheim, AutoTrader leader says transparency 'makes everybody a winner'

11:18 am U.S. ET | Jan. 15, 2014
Data is a powerful tool that, when used correctly, can help dealers stock the right vehicles for their markets and provide transparency that helps auto consumers feel that they paid a fair price, said the president of Manheim and AutoTrader Group.

2014 AUTOMOTIVE NEWS WORLD CONGRESS

Pent-up demand just starting, expect 17 million sales in 2015, says Citi analyst

11:34 am U.S. ET | Jan. 15, 2014
DETROIT -- Auto sales will be stronger than expected this year and next because pent-up demand isn’t used up but just starting, says Itay Michaeli, head of auto research for Citi Investment.
He sees U.S. light-vehicle sales of 16.

Fewer late payments point to easy car loans in 2014

9:08 am U.S. ET | Jan. 15, 2014
Auto loan delinquencies should stay relatively low in 2014, a banking industry economist says. That's a good indication that lenders will keep credit widely available this year, including for customers with subprime credit.

Western Funding restarts subprime loans

9:08 am U.S. ET | Jan. 15, 2014
Western Funding has resumed buying car loans from dealerships after being bought out of bankruptcy by subprime specialist Westlake Financial Services.

2014 AUTOMOTIVE NEWS WORLD CONGRESS

Subaru on track for 500,000 U.S. sales by 2016, says Doll

10:58 am U.S. ET | Jan. 15, 2014
Subaru of America sales will likely grow to 500,000 units by 2016 as the brand adds capacity at its only plant in the United States, said company President Tom Doll.

JIM HENRY

For Ally, a sting but no big bite

12:01 am U.S. ET | Jan. 15, 2014
Ally Financial’s $98 million consent order with the Consumer Financial Protection Bureau and U.S. Justice Department in December had to sting. But the payment is likely to amount to less than three months’ worth of the company’s 2013 earnings.

2014 DETROIT AUTO SHOW

Hyundai sits out small crossover utility boom as rivals gear up

10:56 am U.S. ET | Jan. 15, 2014
Hyundai Motor, already struggling with a host of business challenges, is developing another headache: a dearth of product to compete in a fledgling mini-crossover utility vehicle market in the United States even as rivals gear up for a big push.

Acura mulls Honda Fit-based compact crossover

9:55 am U.S. ET | Jan. 15, 2014
Acura is considering a compact crossover to complement the Honda brand's upcoming Fit-based utility vehicle.

Ford will reassess UK operations if Britain leaves EU, report says

Jan. 15, 2014 15:13 CET
Ford says it would be forced to reconsider its UK operations if Britain voted in favor of leaving the European Union. Ford's warning follows a similar message last year from Nissan.

Ford of Europe eyes higher 2014 sales on new models, market upturn

Jan. 15, 2014 14:52 CET
Ford is counting on new models and a stabilizing European car market to increase sales in the region this year, after shrinking demand inflicted a small drop in 2013 deliveries.

Toyota tops 1 million in global hybrid sales, but growth slows

10:18 am U.S. ET | Jan. 15, 2014
Toyota booked global hybrid vehicle sales above 1 million units for a second time in 2013, but annual sales growth slowed to one of its weakest levels in almost a decade.

2014 DETROIT AUTO SHOW

Software -- the new battleground

12:01 am U.S. ET | Jan. 15, 2014
Automakers, taking cues from gadget makers such as Apple, are developing cars to receive software updates that include new tools or even improve fuel efficiency, much in the way an iPad gets new capabilities with each successive operating system.

Infiniti working with Daimler on platform for four models

Jan. 15, 2014 06:01 CET
Nissan's Infiniti brand is developing a new platform with Daimler that will spawn four models including a crossover vehicle.

Daimler wins as U.S. Supreme Court rejects Argentine human-rights suit

Jan. 15, 2014 10:51 CET
The U.S. Supreme Court has thrown out a case against Daimler over Mercedes's alleged collaboration

Software -- the new battleground

Jan. 15, 2014 06:01 CET
Automakers, taking cues from gadget makers such as Apple, are developing cars to receive software updates that include new tools or even improve fuel efficiency, much in the way an iPad gets new capabilities with each successive operating system.

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

S3 will be flagship sedan in Audi's compact range

Jan. 15, 2014 06:15 CET
Audi's range of A3 sedans gets a flagship with the arrival of the 300-hp S3 sporty variant, which debuts next month in Europe.

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