Headlines for Tuesday, July 8, 2014

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Infiniti lures BMW exec to head global operations

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. Read More »


Agnellis may tighten grip on Fiat after Chrysler merger

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. Read More »


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

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. Read More »


Bill Ford predicts 'radical transformation' of auto industry

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. Read More »


Delphi CEO summoned to Capitol Hill on GM recall

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. Read More »


Canada light-vehicle sales by nameplate, June & YTD

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


AutoNews Now: Bill Ford on the future

Transportation model 'unsustainable,' exec says; Ghosn on good 'marriages'; VW hatchback halt; Tesla China flap; Delphi tax woes. Read More »


First Shift: Ford recalls Taurus, Flex

About 92,000 Fords and Lincolns may have axle issues; GM resists truck recall; Kia open to Mexico plant; top black retailers. Read More »


Renault plans swift China production ramp up

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. Read More »


Canada light-vehicle sales by make, June & YTD

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

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

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. Read More »


Superior Industries faces proxy fight over board members

Aluminum wheel supplier Superior Industries International faces a shareholder proxy fight at its annual meeting next month. Read More »

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

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. Read More »

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

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. Read More »


Mexico projected to surpass Brazil as top Latin American vehicle producer

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. Read More »


VW orders sales halt for Golf, GTI over steering flaw

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. Read More »


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

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. Read More »


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

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. Read More »


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

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. Read More »


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

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. Read More »


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

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. Read More »


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

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. Read More »


Audi joins Mercedes in narrowing BMW's global luxury lead

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. Read More »

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