Headlines for Wednesday, January 15, 2014

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http://www.autonews.com/nyseminar:

2014 Automotive News Marketing Seminar - New York

Registration is now open. Book your seat/table today! Read More »

F&I TIPS:

How to win over reluctant F&I customers

How to make one more pitch to F&I refusers and why GAP claims bring opportunity Read More »

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2014 DETROIT AUTO SHOW:

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

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. Read More »

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2014 AUTOMOTIVE NEWS WORLD CONGRESS:

Akerson reflects on his beginning, tenure and legacy at GM

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.” Read More »

2014 AUTOMOTIVE NEWS WORLD CONGRESS:

VW, Daimler brave European downturn to offer top shareholder value

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,... Read More »

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2014 AUTOMOTIVE NEWS WORLD CONGRESS:

Facebook exec says network has untapped potential to influence car shoppers

There's an opening for automakers to boost brand consideration on Facebook within the sea of vacation photos and witty status updates. Read More »

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2014 AUTOMOTIVE NEWS WORLD CONGRESS:

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

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. Read More »

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Chrysler powertrain chief Gradu departs

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. Read More »

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AutoNews Now: Ford's Fields talks tech

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. Read More »

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Q&A:

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

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. Read More »

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2014 AUTOMOTIVE NEWS WORLD CONGRESS:

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

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. Read More »

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First Shift: AutoNation chief: Slow down

Jackson warns carmakers to tame output, says '14 will be 'real test'; Toyota exec defends fuel-cell push; Volvo on China exports. Read More »

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2014 DETROIT AUTO SHOW:

Cadillac's big moment in song

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." Read More »

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2014 AUTOMOTIVE NEWS WORLD CONGRESS:

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

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. Read More »

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GM expects 'modest' gain in U.S. retail market share in 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. Read More »

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ARLENA SAWYERS:

Count on them: Death, taxes and used vehicles

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. Read More »

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2014 AUTOMOTIVE NEWS WORLD CONGRESS:

New approach to collaboration needed for auto innovation, panel says

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. Read More »

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

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. Read More »

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

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. Read More »

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2014 AUTOMOTIVE NEWS WORLD CONGRESS:

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

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. Read More »

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2014 AUTOMOTIVE NEWS WORLD CONGRESS:

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

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. Read More »

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Ford store prevails in suit over credit check

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. Read More »

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Fewer late payments point to easy car loans in 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. Read More »

Western Funding restarts subprime loans

Western Funding has resumed buying car loans from dealerships after being bought out of bankruptcy by subprime specialist Westlake Financial Services. Read More »

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2014 AUTOMOTIVE NEWS WORLD CONGRESS:

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

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. Read More »

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JIM HENRY:

For Ally, a sting but no big bite

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. Read More »

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2014 DETROIT AUTO SHOW:

Hyundai sits out small crossover utility boom as rivals gear up

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. Read More »

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Acura mulls Honda Fit-based compact crossover

Acura is considering a compact crossover to complement the Honda brand's upcoming Fit-based utility vehicle. Read More »

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

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. Read More »

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

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. Read More »

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

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. Read More »

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2014 DETROIT AUTO SHOW:

Software -- the new battleground

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. Read More »

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Infiniti working with Daimler on platform for four models

Nissan's Infiniti brand is developing a new platform with Daimler that will spawn four models including a crossover vehicle. Read More »

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

The U.S. Supreme Court has thrown out a case against Daimler over Mercedes's alleged collaboration Read More »

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Software -- the new battleground

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. Read More »

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AUTOMOTIVE NEWS EUROPE E-MAGAZINE:

S3 will be flagship sedan in Audi's compact range

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. Read More »

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How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, needed more used cars. But driving 150 miles to the nearest auction was time-consuming and costly. Mon., April 14
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