Headlines for Tuesday, July 8, 2014

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Infiniti lures BMW exec to head global operations

July 8, 2014 12:49 CET
Infiniti has named longtime BMW executive Gaby-Luise Wuest as its head of global operations. Wuest succeeds Francois Goupil de Bouille, who has been appointed Infiniti's head of Europe, Middle East and Africa operations.

Agnellis may tighten grip on Fiat after Chrysler merger

July 8, 2014 11:43 CET
Fiat's founding Agnelli family may see its voting rights rise to 46 percent as part of a scheme to reward long-term investors after a merger with Chrysler and a listing in New York, a U.S. regulatory filing showed.

U.S. auto recalls smash single-year record with 6 months to go

12:49 pm U.S. ET | July 8, 2014
Automakers this year have already recalled more vehicles in the United States than in any other year on record. NHTSA says U.S. recalls total 37.5 million cars to date, topping the 30.8 million record set in 2004.

Bill Ford predicts 'radical transformation' of auto industry

1:16 pm U.S. ET | July 8, 2014
Ford Executive Chairman Bill Ford sees a bright -- albeit remodeled -- future for the automotive industry, according to an op-ed story he authored in The Wall Street Journal.

THE GM RECALL

Delphi CEO summoned to Capitol Hill on GM recall

4:01 pm U.S. ET | July 8, 2014
Delphi Automotive, which supplied the faulty ignition switch at the center of General Motors' safety crisis, will join GM on Capitol Hill's hot seat.

VIDEO: AutoNews Now: Bill Ford on the future

12:01 am U.S. ET | July 8, 2014
Transportation model 'unsustainable,' exec says; Ghosn on good 'marriages'; VW hatchback halt; Tesla China flap; Delphi tax woes.

VIDEO: First Shift: Ford recalls Taurus, Flex

12:01 am U.S. ET | July 8, 2014
About 92,000 Fords and Lincolns may have axle issues; GM resists truck recall; Kia open to Mexico plant; top black retailers.

Renault plans swift China production ramp up

July 8, 2014 17:32 CET
Renault plans to add more Chinese production capacity to its new joint venture with Dongfeng soon after manufacturing begins in 2016. The carmaker is currently building its first Chinese factory to produce up to 150,000 vehicles annually.

Retail demand, favorable credit keep wholesale used-vehicle prices high

4:29 pm U.S. ET | July 8, 2014
Wholesale prices of used vehicles in June fell 1 percent from the previous month’s level but were 4 percent higher than in June 2013, according to the Manheim Used Vehicle Value Index released today.

Superior Industries faces proxy fight over board members

4:08 pm U.S. ET | July 8, 2014
Aluminum wheel supplier Superior Industries International faces a shareholder proxy fight at its annual meeting next month.

Delphi latest in fight over offshore U.S. tax shelters

2:47 pm U.S. ET | July 8, 2014
Delphi Automotive plc is in the crosshairs of a battle between the IRS and many large American companies over the use of offshore tax shelters. Delphi is the latest corporation in dispute with the federal government over its tax practices.

Subaru recalls cars with Takata airbag inflators in U.S.

1:32 pm U.S. ET | July 8, 2014
Subaru of America is recalling 8,557 older model cars in the United States equipped with potentially defective airbag inflators made by Japanese supplier Takata, the automaker and federal regulators said today.

Mexico projected to surpass Brazil as top Latin American vehicle producer

12:01 am U.S. ET | July 8, 2014
Mexico is poised to overtake Brazil as the top Latin American automobile producer for the first time in more than a decade as surging exports to the U.S. spur factory openings and record output.

VW orders sales halt for Golf, GTI over steering flaw

11:24 am U.S. ET | July 8, 2014
Volkswagen has ordered dealers in the United States and Canada to not sell about 800 units of its new Golf and GTI hatchbacks because a mistake in assembly could cause steering problems.

Porsche car sales rise 8 percent, boosted by gains in Europe

July 8, 2014 16:42 CET
Sales of Porsche sports cars and crossovers increased 8 percent to 87,800 vehicles in the first half, powered by rising demand for the face-lifted Panamera sedan and healthy gains in Europe.

Ford announces 6 recalls covering 100,610 vehicles in North America

10:57 am U.S. ET | July 8, 2014
Ford said it is recalling 100,610 vehicles in North America in six separate actions. About 92,000 of the vehicles have a potential problem with front axles that run to right wheels and may have not been properly installed during assembly.

THE GM RECALL

GM won't use insurance proceeds to pay ignition-switch claims

10:31 am U.S. ET | July 8, 2014
General Motors will not be looking for liability insurance funds to help pay for claims stemming from its ignition-switch safety crisis. "It will be done through cash on hand, no insurance," said David Roman, GM's director of financial communications.

VW brand sales rise to record as China, Europe offset U.S., Brazil slide

July 8, 2014 12:21 CET
Sales of Volkswagen brand cars surpassed 3 million vehicles in the first half, marking a new record thanks mainly to double-digit growth in China.

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

BMW CEO sees billion-euro challenge to meet EU's CO2 target

July 8, 2014 06:15 CET
BMW CEO Norbert Reithofer says the cost to meet tougher EU CO2 limits due in 2021 will cost the carmaker billions of euros, but he's confident that a new engine family will allow the automaker to achieve the target.

Audi joins Mercedes in narrowing luxury-car sales gap with BMW

July 8, 2014 10:57 CET
Audi and Mercedes narrowed their sales gaps with global luxury-car leader BMW during the first half on robust sales of Audi's A3 compact and Mercedes' S-class flagship.

Audi joins Mercedes in narrowing BMW's global luxury lead

6:55 am U.S. ET | July 8, 2014
Audi's A3 compact sedan and Mercedes-Benz's top-of-the-line S-class model helped the German companies narrow the sales gap with global luxury-car leader BMW in the first half of 2014.

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