Daily Email Wednesday

Nissan plans $160 million supplier park in Tenn.

4:48 pm U.S. ET | March 17, 2015

Nissan plans to add more than 1,000 supplier jobs at its Tennessee operations as part of a $160 million supplier park project.... Read More »

2015 NEW YORK AUTO SHOW

GM drops more hints about 2016 Chevy Malibu

11:54 am U.S. ET | March 11, 2015

General Motors released a teaser video of the redesigned, yet-to-be-unveiled 2016 Chevrolet Malibu, showing the midsize sedan being put through the paces at GM's test facilities. The video shows a camouflaged Malibu barreling through deep water, jostling over rumble strips and being blasted at GM's wind tunnel.... Read More »

GM directors should face ignition switch claims, judge is told

6:43 am U.S. ET | March 11, 2015

GM investors urged a judge to let their lawsuit proceed against the automaker's board that they say was asleep at the switch while the company produced cars with faulty ignition systems that led to fatal accidents.... Read More »

Hyundai to expand U.S. plant capacity to build more SUVs, reports say

6:16 am U.S. ET | March 11, 2015

Hyundai plans to expand its U.S. factory, three people familiar with the matter said, hoping to ramp up production of SUVs as lower oil prices boost demand for trucks.... Read More »

GABE NELSON

BLOG: Let the car-hacking lawsuits begin

3:29 pm U.S. ET | March 11, 2015

Fear often outpaces reality, and the issue of car hacking is no exception. But if you ask experts if any ordinary car has ever been hacked, they'll tell you no.... Read More »

Ally adds 7-year loans, as debate over risk heats up

12:01 am U.S. ET | March 11, 2015

The slow march toward 84-month loans is adding fuel to the debate over whether auto lending is getting too risky, possibly threatening the economy the way subprime mortgages did during the run-up to the 2008-09 financial crisis. Auto buyers increasingly are opting to spread their payments over longer terms so they can finance higher amounts -- and thus buy pricier vehicles -- and still keep monthly payments low.... Read More »

Valeo, Mobileye to work on collision avoidance, automated driving

1:09 pm U.S. ET | March 11, 2015

French supplier Valeo SA has signed an agreement to work with Mobileye, an Israeli company specializing in front-facing camera- and driver-assist systems, to produce sensor systems for collision avoidance and automated driving.... Read More »

GM Financial will double earnings by 2018, GM says

11:45 am U.S. ET | March 11, 2015

GM expects earnings from GM Financial “to more than double by 2018,” GM President Dan Ammann told investors this week. GM wants pretax earnings for GM Financial to rise from $815 million in 2014 to more than $1.6 billion in 2018. The automaker also wants to increase GM Financial’s earning assets -- outstanding consumer and commercial loans, plus leases -- from $40.8 billion as of Dec. 31, 2014, to more than $82 billion at the end of 2018.... Read More »

JIM HENRY

BLOG: Congressmen get testy with CFPB chief Cordray

11:45 am U.S. ET | March 11, 2015

The Consumer Financial Protection Bureau and its critics on the House Financial Services Committee traded jabs in a tense session last week as CFPB Director Richard Cordray presented the bureau's semiannual report.... Read More »

NEWS ANALYSIS

GM capital plan may delay credit rating upgrade

4:11 pm U.S. ET | March 11, 2015

General Motors' decision this week to give back up to $10 billion to shareholders over the next two years will likely delay one of its important goals: achieving a top-tier credit rating that would benefit its growing auto finance unit.... Read More »

California dealership managers default on response to claims of falsified Subaru surveys

2:38 pm U.S. ET | March 11, 2015

Two California dealership managers failed to respond to a Subaru lawsuit that accused them and 10 others of falsifying customer surveys.... Read More »

Fans demand BBC reinstate 'Top Gear' host Clarkson

1:34 pm U.S. ET | March 11, 2015

Nearly 450,000 fans from around the world have backed a petition calling for British presenter Jeremy Clarkson to be reinstated to his job hosting the "Top Gear" motoring show after the BBC suspended him following a "fracas" with a producer.... Read More »

Toyota to recall 112,500 U.S. vehicles on possible safety issues

2:47 pm U.S. ET | March 11, 2015

Toyota said it was recalling about 112,500 vehicles in the US due to possible safety issues.... Read More »

Hyundai Genesis recalled over possible incorrect gear position display

1:54 pm U.S. ET | March 11, 2015

Hyundai is recalling about 24,400 2015 Genesis luxury sedans for a water leak issue that could lead to shifter display problems in the car.... Read More »

TrueCar blasts dealers' suit over advertising claims as 'meritless'

11:27 am U.S. ET | March 11, 2015

TrueCar blasted a lawsuit filed this week by dealers over its advertising claims as “meritless.” In a detailed statement released late Tuesday, the vehicle-shopping site says it has “high confidence that we are compliant with all laws applicable to our business, including those referenced in this litigation.”... Read More »

Major Hyundai investor to vote against some directors over property deal, report says

7:19 am U.S. ET | March 11, 2015

The second-largest shareholder in Hyundai Motor and its two affiliates will vote against the reappointment of some board members who last year approved buying a Seoul property for $10 billion or three times its appraised value, a person with direct knowledge of the matter said today.... Read More »

Apple seeks to dismiss lawsuit filed by electric battery maker A123

8:24 pm U.S. ET | March 10, 2015

Apple asked a U.S. court on Tuesday to dismiss a civil lawsuit filed by battery maker A123 systems over engineers hired by Apple, saying A123's claims were too speculative to proceed.... Read More »

Apple CEO sidesteps shareholder enthusiasm for a Tesla deal

5:04 pm U.S. ET | March 10, 2015

Apple CEO Tim Cook on Tuesday found himself facing shareholders eager for a marriage or deal with Tesla Motors.... Read More »

Next Malibu tackles weight, space challenges

9:49 am U.S. ET | March 4, 2015

The next-generation Chevrolet Malibu will have more interior space and weigh 300 pounds less than the current car, General Motors said today.... Read More »

NHTSA expands Ford Fiesta door-latch probe to 2013 Fusion, Lincoln MKZ

3:37 pm U.S. ET | March 4, 2015

The National Highway Traffic Safety Administration is expanding a September investigation of door-latch failure in the 2011-13 Ford Fiesta to include the 2013 Fusion and Lincoln MKZ.... Read More »

Apple explores resolution of A123 Systems’ poaching suit

6:59 am U.S. ET | March 4, 2015

Apple said it’s exploring a potential resolution of a lawsuit in which it’s accused of poaching employees from a lithium ion battery maker amid reports that it’s trying to develop an electric car.... Read More »

U.S. light-vehicle fuel economy slips 0.2 mpg in February, report says

3:47 pm U.S. ET | March 4, 2015

The average fuel economy of light vehicles sold in the U.S. decreased 0.2 mpg last month from January, likely because of severe weather in much of the country, according to a monthly report by the University of Michigan Transportation Research Institute.... Read More »

AutoNation's 8% sales gain beats market for Feb.

11:14 am U.S. ET | March 4, 2015

AutoNation said its new-vehicle retail sales jumped 8 percent in February compared to a year earlier, reaching 23,780 new units.... Read More »

Ram will expand lineup of CNG-powered trucks

1:11 pm U.S. ET | March 4, 2015

Fiat Chrysler is expanding the availability of compressed natural gas on its heavy duty Ram pickup. The CNG-fueled truck, originally engineered for fleet operators, is available now only in a four-door crew cab, four-wheel-drive and long-bed model. This fall, the truck will be offered in a regular cab two-door body style with two-wheel drive and a long bed.... Read More »

Jeep ramps up dealers in China as production commences

2:14 pm U.S. ET | March 4, 2015

Jeep will increase its dealerships in China by about a third this year and will start local production of its Cherokee SUV in November followed by the smaller Renegade model in 2016, CEO Mike Manley said.... Read More »

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