Headlines for Friday, February 21, 2014

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Honda's Celaya plant boosts Mexico factory presence

2:00 pm U.S. ET | Feb. 21, 2014
In opening its $800 million assembly plant here to build the 2015 Fit subcompact hatchback and crossover variant, Honda is joining a rapidly growing slate of automakers and suppliers in the central Mexican state of Guanajuato.

VIDEO: Ford store's on-site medical clinic aids staff

12:01 am U.S. ET | Feb. 21, 2014
Phil Long Dealerships' new medical clinic inside Phil Long Ford Motor City in Colorado Springs, Colo., is designed to help the self-insured dealer group and its employees better manage their health care costs.

Renschler hired by VW to push truck alliance

Feb. 21, 2014 23:03 CET
VW Group appointed former Daimler executive Andreas Renschler to its management board to deepen cooperation at its commercial vehicles operations.

Daimler names former VW, BMW CEO Pischetsrieder to supervisory board

Feb. 21, 2014 13:34 CET
Daimler nominated former Volkswagen CEO Bernd Pischetsrieder to the company's supervisory board. Pischetsrieder, 66, also a former BMW CEO, will run for election at the annual shareholders meeting in April.

Audi names VW executive as production chief

Feb. 21, 2014 08:21 CET
Audi named Volkswagen executive Hubert Waltl as its production chief. Waltl succeeds Frank Dreves who is retiring.

VW offers 6.7 billion euros to purchase rest of truckmaker Scania

Feb. 21, 2014 23:22 CET
VW Group is bidding 6.7 billion euros for the rest of truckmaker Scania to deepen cooperation with its other commercial-vehicles units after being blocked previously in those efforts by the Swedish company's minority shareholders.

VW's Q4 profit rises 18%, lifted by record sales at Porsche

Feb. 21, 2014 19:44 CET
VW Group reported an 18 percent gain in fourth-quarter profit as record sales at its Audi and Porsche brands offset spending on developing new models and expanding production.

UAW appeals VW plant election to U.S. labor board

3:36 pm U.S. ET | Feb. 21, 2014
The UAW filed an appeal today with the federal government, asking it to set aside the results of an election last week where workers at a Tennessee Volkswagen plant voted not to join the union.

VW offers $9.2 billion to purchase rest of truckmaker Scania

5:22 pm U.S. ET | Feb. 21, 2014
Volkswagen AG is bidding more than $9.2 billion for the rest of truckmaker Scania AB to deepen cooperation with its other commercial-vehicles units after being blocked previously in those efforts by the Swedish company's minority shareholders.

2014 GENEVA MOTOR SHOW

Mazda drops hints on redesigned subcompact

3:24 pm U.S. ET | Feb. 21, 2014
Mazda will preview the look of its next-generation Mazda2 subcompact when it reveals the Hazumi concept car next month at the Geneva auto show.

VW hires Daimler veteran Renschler to push truck alliance plans

5:03 pm U.S. ET | Feb. 21, 2014
Volkswagen appointed former Daimler executive Andreas Renschler to its management board to deepen cooperation at its commercial vehicles operations.

JESSE SNYDER

At VW, labor is full partner -- please tell southern U.S. politicians

8:05 am U.S. ET | Feb. 21, 2014
Especially in an election year, I expect political rhetoric over UAW organizing in the South.

Ford raises incentives on Fusion to cut inventories

4:07 pm U.S. ET | Feb. 21, 2014
Ford has been raising incentives on the Fusion sedan to help clear out growing inventories, just months after it started building the car in a second North American plant to keep up with demand.

VIDEO: AutoNews Now: Land of 8,000 classic cars

12:01 am U.S. ET | Feb. 21, 2014
Idaho collector got 'carried away,' 80-acre site for sale; Mexico a production magnet; Honda's new Fit plant; a rock star for Ram.

Ford uses hefty men to test durability of 2015 F-150 seats

11:42 am U.S. ET | Feb. 21, 2014
Ford went to unusual lengths to ensure that the seats in its 2015 F-150 pickups, which go on sale this fall, were durable enough to handle the daily demands of heavyset drivers.

Sonic extends hours to make up for time lost to weather

3:15 pm U.S. ET | Feb. 21, 2014
Sonic Automotive is extending store hours in parts of the country hit by severe winter weather in an effort to make up vehicle sales and service revenue lost during the storms.

VW's Q4 profit rises 18%, lifted by record sales at Porsche

1:44 pm U.S. ET | Feb. 21, 2014
Volkswagen AG reported an 18 percent gain in fourth-quarter profit as record sales at its luxury Audi and Porsche brands offset spending on developing new models and expanding production.

Federal-Mogul trims Q4 net loss to $19 million

12:26 pm U.S. ET | Feb. 21, 2014
Diversified auto parts supplier Federal-Mogul reported a fourth-quarter net loss of $19 million, a $61 million improvement over the same quarter in 2012, the company said Thursday, showing signs of recovery since emerging from bankruptcy in 2008.

LARRY P. VELLEQUETTE

Jeep's software fix and the law of unintended consequences

12:30 pm U.S. ET | Feb. 21, 2014
One of last year's Jeep recalls led to an unintended consequence for some owners of 2005-10 Grand Cherokee and 2006-10 Commanders -- a consequence Chrysler now says it intends to fix, at least for most people.

Dana Q4 earnings decline 52%, revenue rises slightly

12:04 pm U.S. ET | Feb. 21, 2014
Dana, supplier of axles, driveshafts, sealing and thermal components for light, commercial and off-highway vehicles, saw its net income drop 52 percent to $42 million in the fourth quarter.

Nissan expects better profitability in 2014, Ghosn says

10:19 am U.S. ET | Feb. 21, 2014
Nissan CEO Carlos Ghosn forecast profitability at Japan's second-largest carmaker will improve in 2014 after the company missed out on the yen-led earnings boon at the nation's exporters.

Nissan's Ghosn goes to edge of world for EV showcase

9:40 am U.S. ET | Feb. 21, 2014
Carlos Ghosn, CEO of zero emissions pioneer Nissan, is going to the ends of the world -- quite literally -- to gain traction for his Leaf electric vehicle.

VIDEO: First Shift: Order online, ship to car?

12:01 am U.S. ET | Feb. 21, 2014
Volvo shows new way to get the goods; Report: GM knew of glitch a decade ago; Ford sued over hybrid tech; plug-in VW Golf.

Zetsche gets pay raise after record Mercedes deliveries

Feb. 21, 2014 11:34 CET
Daimler increased CEO Dieter Zetsche's pay to 8.25 million euros ($11.3 million) after the third-biggest maker of luxury cars reduced its sales gap with BMW and Audi last year on record deliveries.

2014 GENEVA AUTO SHOW

VW gives its new Golf plug-in hybrid a GTE badge

Feb. 21, 2014 12:40 CET
Volkswagen is giving its new Golf plug-in hybrid car the GT label it uses for its sporty models in a bid to boost the car's appeal. The 201-hp car will be the first Golf to carry the GTE badge.

Honda's Accord beat Camry as top U.S. car in individual sales

7:28 am U.S. ET | Feb. 21, 2014
Honda said its Accord was the best-selling car to individual customers in the United States during 2013, surpassing Toyota's Camry, the leader in total volume to retail and fleet buyers for a 12th consecutive year.

Bosch Mahle to produce turbos in China

Feb. 21, 2014 09:30 CET
Bosch Mahle Turbo Systems is building a plant and headquarters in Shanghai to produce turbochargers for automakers in China. The plant will make more than 1 million turbochargers annually, with production scheduled to begin late this year.

Valeo second-half earnings rise 16% on strong China, U.S. demand

Feb. 21, 2014 09:43 CET
Valeo said second-half earnings rose 16 percent as demand for cars increased in China and North America and the European vehicle market improved.

China may ease caps on foreign stakes in JVs

Feb. 21, 2014 09:21 CET
China's Ministry of Industry and Information Technology wants to loosen ownership restrictions on foreign automakers' joint ventures despite strong opposition from state-owned automakers.

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