Daily Email Wednesday

GM denies request by U.S. senators to extend ignition-switch claims deadline

4:05 pm U.S. ET | Jan. 28, 2015
General Motors today denied a request from two US senators to extend the Saturday deadline for victims of the company's defective ignition switch to apply for compensation. “Our goal is to be just and timely in compensating the families who lost loved ones and those who suffered physical injury," GM said in a statement. "We previously extended the deadline until January 31, and we do not plan another extension.”... Read More »

 

Bentley names industry veteran Winkler to head Americas unit

4:01 pm U.S. ET | Jan. 28, 2015
Bentley said it appointed Michael Winkler as president and CEO of Bentley Motors in the Americas, replacing Christophe Georges, who will become director of product and marketing for Bentley’s global organization.... Read More »

 

Gentex Q4 sales gains lag forecasts; stock drops

11:53 am U.S. ET | Jan. 28, 2015
Gentex, a mirror, camera and electronic component supplier, said its fourth quarter net income rose a disappointing 2 percent while overall revenue jumped 7 percent from a year earlier. Gentex shares fell 6 percent.... Read More »

 

Over-the-air auto software updates opens market to acquisitions

2:47 pm U.S. ET | Jan. 28, 2015
Over-the-air software updates -- a no-fuss, no-muss infotainment feature popularized by Tesla Motors -- is rapidly spreading to the entire auto industry, fueling high-price acquisitions in the segment.... Read More »

 

Nissan teases Super Bowl ad; full reveal will wait until big game

11:23 am U.S. ET | Jan. 28, 2015
Nissan is using a dreary Harry Chapin song as the backdrop for its Super Bowl ad, but the overall message won't be seen until the game on Sunday. The automaker unveiled a 10-second teaser today featuring Chapin's song “Cat's in the Cradle.”... Read More »

 

Don't get mad, get a lawyer, panelists say

11:00 am U.S. ET | Jan. 28, 2015
Dealers who get warning letters from lenders accusing them of loan discrimination should resist the temptation to stick the letters in a drawer or, worse, fire off angry replies on their own, said panelists last week at a legal compliance workshop for dealers here.... Read More »

 

Fiat Chrysler's $4.1 billion operating profit in 2014 fueled by N.A.

8:51 am U.S. ET | Jan. 28, 2015
Fiat Chrysler Automobiles met its full-year guidance as strong results from North America and improving operations in Europe managed to offset persistent weakness in Latin America.... Read More »

 

Japanese supplier Sanden agrees to $3.2 million fine in U.S. price-fixing case

6:33 am U.S. ET | Jan. 28, 2015
Japanese supplier Sanden has agreed to pay a US fine of more than $3 million and becomes the latest company tied to a wide-ranging auto supplier price-fixing prosecution for its brief role in setting the prices of air conditioning compressors for Nissan.... Read More »

 

Ford recalls 221,000 vehicles for door handle, seat belt problems

9:57 am U.S. ET | Jan. 28, 2015
Ford said it is recalling about 221,000 cars and vans for door handle and seat belt problems. Ford said it is not aware of any crashes or injuries related to the two recalls.... Read More »

 

Nissan recalls 768,000 crossovers and SUVs for separate problems

9:40 am U.S. ET | Jan. 28, 2015
Nissan is recalling about 768,000 vehicles, including its popular Rogue crossover and Pathfinder SUV, for separate problems, the company and federal regulators said today.... Read More »

 

Oil-price drop may threaten to undercut Obama's clean-energy legacy

7:27 am U.S. ET | Jan. 28, 2015
Last year's 33 percent drop in gasoline prices already has automakers laying the groundwork to challenge more stringent fuel economy targets for new cars.... Read More »

 

Auto industry drives comeback in aluminum prices

6:44 am U.S. ET | Jan. 28, 2015
At a time when other commodities are slumping, aluminum is making a comeback as automakers under pressure to build more fuel-efficient cars increase their use of the lightweight metal.... Read More »

 

Toyota keeps top spot despite strong VW challenge

2:16 am U.S. ET | Jan. 21, 2015
Toyota defended its crown as the world's biggest automaker in 2014, keeping a slim lead over Volkswagen. But Toyota forecast sales to slump 1 percent in the current calendar year, on the back of slowing demand in Japan and emerging markets.... Read More »

 

Ford to open r&d lab in Tesla's backyard

4:16 pm U.S. ET | Jan. 21, 2015
Ford CEO Mark Fields, seeking to burnish his company's high-tech credentials, will announce Thursday the opening of a Silicon Valley r&d center that is believed to be one of the auto industry's largest.... Read More »

 

Paperwork error on GM loan will cost JPMorgan $1.5 billion, U.S. court rules

1:24 pm U.S. ET | Jan. 21, 2015
A 2008 paperwork error in a loan agreement with General Motors, before the automaker went into Chapter 11 bankruptcy, will cost JPMorgan Chase $1.5 billion, a federal appeals court ruled today.... Read More »

 

Why auto show display design is tricky

3:21 pm U.S. ET | Jan. 21, 2015
Automakers and suppliers spent an estimated $300 million building out displays for this year's Detroit auto show. Scott Kellner, vice president of marketing for display maker George P. Johnson Co., says display spending is getting smarter, not larger.... Read More »

 

LUCA CIFERRI

Farewell to an auto PR legend

8:17 am U.S. ET | Jan. 21, 2015
Nothing was impossible for automotive PR man Tom Kowaleski -- even literally crashing into an auto show.... Read More »

 

DOUGLAS A. BOLDUC

Why VW is closer than ever to global No. 1

5:26 am U.S. ET | Jan. 21, 2015
Volkswagen Group has reason to celebrate. Toyota seemingly conceded the title of world's largest automaker to its German rival 21 days into the new year.... Read More »

 

GM’s Treasury bailout records shouldn’t be secret, U.S. judge told

1:00 pm U.S. ET | Jan. 21, 2015
The Treasury’s role in shielding General Motors from car lawsuits after a 2009 bailout of the automaker isn’t confidential and should be made public, the Center for Auto Safety told a federal judge.... Read More »

 

Volvo appoints another U.S. chief amid sales decline

12:15 am U.S. ET | Jan. 21, 2015
Volvo is reshuffling its North American management, moving CEO Tony Nicolosi to head of its finance company for the Americas and bringing global corporate product strategy chief Lex Kerssemakers to replace him.... Read More »

 

Toyota supplier weighs raising airbag capacity as demand climbs

9:35 am U.S. ET | Jan. 21, 2015
Toyoda Gosei, a supplier part-owned by Toyota, is considering increasing its capacity for making airbags to cater to expanding global demand for the safety devices.... Read More »

 

Tom Kowaleski, PR mastermind for Chrysler, dies at 63

11:00 pm U.S. ET | Jan. 20, 2015
Tom Kowaleski, who held key communications jobs for Chrysler, GM, BMW and most recently, Lincoln, died Tuesday. He is best remembered for being one of the masterminds behind the wildly successful Chrysler press conferences in the 1990s.... Read More »

 

Obama seeks authority to negotiate major trade deals

3:31 pm U.S. ET | Jan. 20, 2015
In his penultimate State of the Union address, President Barack Obama vowed to seek congressional authority to negotiate big ticket trade deals with European and Asian nations that could have significant implications for the auto industry, but have been stalled.... Read More »

 

DEALER COUNCIL LEADERS

Acura dealers want bigger piece of the luxury action

12:01 am U.S. ET | Jan. 19, 2015
Suffering flat sales and a vanilla reputation, Acura is determined to reassert itself as a luxury performance brand and Acura dealers are looking to benefit.... Read More »

 

DEALER COUNCIL LEADERS

Dealers like smoother Ford product launches

12:01 am U.S. ET | Jan. 19, 2015
After several botched launches that frustrated dealers and customers, Ford Motor Co. orchestrated much smoother rollouts in 2014, said Brian Godfrey, chairman of the Ford National Dealer Council.... Read More »

 

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