Headlines for Tuesday, July 15, 2014

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Owners of 8 N.J. dealerships settle claims of deceptive practices for $1.8 million

3:14 pm U.S. ET | July 15, 2014
Eight dealerships in New Jersey owned by Carmelo and Ignazio Giuffre have reached a $1.8 million settlement with the state's Division of Consumer Affairs.

Mulally joins Google board

4:16 pm U.S. ET | July 15, 2014
Former Ford CEO Alan Mulally has joined the board of directors of Google as the technology giant ramps up development of autonomous light vehicles.

Volkswagen plans $250 million investment in India

July 15, 2014 10:36 CET
Volkswagen plans to invest 15 billion rupees ($250 million) in India over the next five to six years. VW's market share in India fell in the last fiscal year to 2.1 percent from 2.4 percent.

Porsche will consolidate sports car output in Zuffenhausen with 400 million euro investment for Boxster and Cayman production

July 15, 2014 12:57 CET
Porsche plans to consolidate production of its Boxster and Cayman sports cars at its main plant in Zuffenhausen, near Stuttgart.

AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Audi makes London showroom a technology showcase

July 15, 2014 06:01 CET
Audi's central London dealership has chosen a revolutionary new way for the automaker to sell not just cars but the brand itself by allowing customers to configure their vehicles on four huge powerwall screens.

Audi to add shift at Hungary plant ahead of TT launch

July 15, 2014 11:28 CET
Audi will add a third shift at its car plant in Hungary in mid-August ahead of the launch of the new TT sports car.

THE GM RECALL

GM revises way legal staff handles safety suits

9:35 pm U.S. ET | July 15, 2014
GM has hired an outside legal firm to review the company's litigation practices and has revised the way it handles civil lawsuits so that cases involving serious injuries or deaths will be reviewed by the company's general counsel and engineering staffs, GM's top lawyer plans to tell a Senate panel...

VIDEO: AutoNews Now: VW cost-cutting crusade

12:01 am U.S. ET | July 15, 2014
Company struggles with lagging margins, even as it expands in U.S.; why Maserati's watching Fiat; Mercedes S65 AMG coupe.

How Warren Buffett landed a new Cadillac (and not a Subaru)

3:43 pm U.S. ET | July 15, 2014
Warren Buffett, who has made himself and others enormously wealthy by investing in some of America's biggest brands, says he's not about to go with Japanese wheels, no matter how practical.

VIDEO: First Shift: A boost for 'talking cars'

12:01 am U.S. ET | July 15, 2014
Obama to tout research; BMW willing to share; EPA: Prove MPG; NJ dealerships settle; Snyder: Inventories at sweet spot.

VW aims to save 5 billion euros to lift profitability

July 15, 2014 15:27 CET
VW Group plans to reduce costs at its namesake brand by 5 billion euros ($6.8 billion) by 2017 as it seeks to lift sagging profitability after efficiency gains have failed to keep pace with rising labor costs.

Driverless cars will require industry shift, Nissan scientist says

10:17 pm U.S. ET | July 15, 2014
Automakers intending to bring driverless cars to market need to work as much on software design as mechanical engineering, the researcher leading Nissan’s automated-vehicle program says.

Obama touts progress on 'talking' cars

11:20 am U.S. ET | July 15, 2014
President Barack Obama highlighted government-backed research on technology being developed by companies including Ford and Toyota to allow cars to communicate with each other.

MARK VAUGHN

Acura claims a sales honor with MDX

11:55 am U.S. ET | July 15, 2014
Automakers are always defining segments and claiming sales crowns for their own purposes. Here's the latest instance.

Car-sharing rivals Uber, Lyft tussle over driver recruits

12:01 am U.S. ET | July 15, 2014
Uber and Lyft are racing to recruit drivers to spur the growth of their popular ride-sharing businesses. The rivalry for drivers is unfolding across the United States as both companies rush to expand services -- most recently in New York.

VW targets $6.8 billion in annual cuts to close profit gap with rivals

11:18 am U.S. ET | July 15, 2014
Volkswagen AG plans to cut costs and boost productivity at the VW brand by $6.8 billion a year by 2017 to lift sagging profitability. Efficiency gains have failed to keep pace with rising labor costs, CEO Martin Winterkorn said in an internal presentation to company managers.

2015 Tokyo Motor Show to return to October after schedule mishap

11:03 am U.S. ET | July 15, 2014
The Tokyo Motor Show, accidentally booked last year to overlap with shows in Los Angeles and Guangzhou, will return to its traditional late October slot in 2015 in a bid to boost overseas attendance.

Steel supplier Industrias missing out on Mexico's car boom

8:13 am U.S. ET | July 15, 2014
Industrias, Mexico's biggest maker of specialized steel used in car engines, is missing out on a surge in automobile production as competitors' increased output has lowered prices.

Russia bans state purchase of foreign-made cars to aid local automakers

July 15, 2014 13:16 CET
Prime Minister Dmitry Medvedev has ordered a ban on Russian state and municipal purchases of foreign-manufactured cars to support local producers.

South African metalworkers employers withdraw wage offer

7:07 am U.S. ET | July 15, 2014
South Africa's steel and engineering employers group withdrew a "final" wage offer made to the striking NUMSA union. The strike has affected production at Ford, Toyota and GM.

BMW open to sharing battery technology with rivals

July 15, 2014 09:52 CET
BMW is open to sharing with rival automakers the EV battery cell technology it co-developed with Samsung SDI. Sharing the technology would reduce the cost of the battery cells -- the most expensive part of an electric vehicle.

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