Daily Email Thursday

Fiat Chrysler plans $3 billion bond offering to refinance debt

5:08 am U.S. ET | April 9, 2015

Fiat Chrysler plans to issue $3 billion in bonds that may be used to refinance debt at the former Chrysler Group, Bloomberg reported. The offering would be the company's second debt deal since Fiat's merger with Chrysler.... Read More »

NHTSA warns of rust on brakes in cold-weather states

6:30 am U.S. ET | April 9, 2015

Safety regulators warned millions of owners of older model vehicles in "Rust Belt" states to get their brake systems checked for corrosion, a warning that stems from a long-running investigation of complaints about GM trucks and SUVs.... Read More »

Chrysler 300 spot touts the American road to triumph

2:44 pm U.S. ET | April 9, 2015

The Chrysler brand is introducing a new commercial for the refreshed 300 sedan that focuses on the American path to success and is narrated by actor Peter Dinklage, who plays Tyrion Lannister on “Game of Thrones.”... Read More »

Former FAW-VW exec sentenced to life for accepting $5.3 million in bribes

5:32 am U.S. ET | April 9, 2015

A former top executive at Volkswagen's China joint venture with FAW Group, Shi Tao, was sentenced to life in prison for accepting $5.3 million in bribes. The sentence is the latest development in corruption investigations involving FAW.... Read More »

Opel CEO affirms goal of posting a profit in Europe in 2016

11:05 am U.S. ET | April 9, 2015

Opel CEO Karl-Thomas Neumann affirmed that the European arm of General Motors will return to profit in 2016, as continued growth in southern or central Europe would help offset a slump in Russia sales.... Read More »

NHTSA weighs reopening probe into Jeep fuel tanks

3:19 pm U.S. ET | April 9, 2015

U.S. auto-safety regulators may consider reopening a probe into fuel-tank ruptures in some of Fiat Chrysler's older Jeep models. Repairs on fuel tanks from a 2013 recall of 1.56 million Jeep vehicles "should be done faster, and we want to see that 100 percent," NHTSA chief Mark Rosekind said today.... Read More »

Why every luxury automaker wants to make a million-dollar car

10:15 am U.S. ET | April 9, 2015

The past few years have seen an explosion of royals and tycoons around the globe who buy entire fleets of supercars -- fueling a race among small and large automakers to build land rockets that costs more than a million dollars..... Read More »

GM to suspend Volt output in May ahead of changeover

12:37 pm U.S. ET | April 9, 2015

GM will halt output of the 2015 Chevrolet Volt late next month, amid high stockpiles and weak sales, to prepare a Michigan plant to build a redesigned version of the plug-in hybrid. The automaker will begin production of the 2016 Volt late this summer.... Read More »

Toyota readies trial of car-cum-motorbike in green mobility push

7:54 am U.S. ET | April 9, 2015

Tokyoites will get a chance to zip around town on Toyota's three-wheeled electric car starting Friday, in a trial aimed at crafting a global business model to reduce gridlock and pollution.... Read More »

VINCE BOND JR.

BLOG: Mercedes scores, too, as Duke tops Wisconsin

12:01 am U.S. ET | April 8, 2015

Mercedes experienced the largest lift in purchase likelihood from its advertising during the NCAA Men's Division I Basketball National Championship, but its competitors saw gains as well, according to Extreme Reach, a company that measures the effectiveness of ad campaigns.... Read More »

GM mulls $1.3 billion expansion of Texas truck plant

9:38 pm U.S. ET | April 8, 2015

GM is mulling a $1.3 billion expansion of its Arlington, Texas, assembly plant to boost production of SUVs, according to documents from the city. The company says the investment would fund improvements aimed at enhancing the factory's manufacturing capability.... Read More »

Ex-U.S Army colonel tied to Tilton equity firm reaches plea deal

5:14 pm U.S. ET | April 8, 2015

A retired U.S. Army colonel agreed to plead guilty to negotiating a job with financier Lynn Tilton's private equity firm while also taking steps to ensure a helicopter company it controlled got paid faster by the Department of Defense.... Read More »

Toyota unveils RAV4 hybrid with new style edge

12:45 pm U.S. ET | April 2, 2015

Undaunted by low gasoline prices, Toyota unveiled a new 2016 RAV4 hybrid, the eighth model in its lineup sporting a gas-electric powertrain. The vehicle also features a new exterior designed to add some edge to its styling -- a look that also will appear on a refreshed, conventional RAV4 for the new model year.... Read More »

Mitsubishi reworks Outlander for loud looks, quiet ride

11:30 am U.S. ET | April 2, 2015

Mitsubishi unveiled a heavily reworked 2016 Outlander with a racy black-and-chrome grille, plus a skid plate effect in the rear, and metallic body cladding beneath the door sills. Mitsubishi plans to launch the 2016 Outlander in the United States in July, followed in November by an updated version of the smaller Outlander Sport.... Read More »

Ghosn says Nissan is not Mercedes' only pickup option

4:15 pm U.S. ET | April 2, 2015

Nissan CEO Carlos Ghosn says global partner Daimler AG has plenty of options for sourcing the Mercedes-Benz pickup it is planning to introduce by 2020. And they may or may not include a Nissan factory.... Read More »

CarMax will step up store-opening pace

3:46 pm U.S. ET | April 2, 2015

CarMax said will open 13 to 16 new used-only stores each of the next three fiscal years, starting with the one that began March 1. That is up from the 10 to 15 stores a year it has opened since the recession.... Read More »

AutoNation's March sales rise 5 percent

3:54 pm U.S. ET | April 2, 2015

AutoNation today said its new-vehicle retail sales rose 5 percent in March from a year earlier to 30,107 units. On a same-store basis, new retail sales rose 3 percent.... Read More »

Calif. dealers brace for curbs on water use

2:27 pm U.S. ET | April 2, 2015

California's new mandatory water-use restrictions will further strain auto dealers, who have already been impacted by a four-year drought. Governor Jerry Brown issued the restrictions in an executive order on Wednesday.... Read More »

Nissan delivers a more intense Maxima

10:00 am U.S. ET | April 2, 2015

Nissan is embracing racier styling, a Navy jet-inspired cockpit and high-end interior detail to ignite new interest in the redesigned 2016 Maxima sedan. The company hopes the changes intercept sedan customers who are leaning toward BMW, Acura and other luxury brands.... Read More »

Alfa Romeo sedan, SUV coming to U.S. by 2017, Bigland says

1:31 pm U.S. ET | April 2, 2015

After the 4C Spider arrives stateside this summer, Alfa Romeo will begin to flesh out its U.S. lineup with a new sedan and SUV arriving by the first quarter of 2017.... Read More »

NEAL E. BOUDETTE

BLOG: Why Honda's Mendel doesn't care about Nissan

12:20 pm U.S. ET | April 2, 2015

Nissan has outsold Honda in each of the last three months, but Honda's John Mendel isn't bothered by it. “I don't give a damn about Nissan,” the executive vice president of American Honda told reporters at a roundtable discussion after Honda unveiled a Civic coupe concept at the auto show here.... Read More »

Hyundai's Zuchowski says new N.A. plant on list of capacity options

10:29 am U.S. ET | April 2, 2015

An additional Hyundai assembly plant in North America is among the options under review as the company nears a decision on where to add crossover production capacity around the globe, Hyundai's top US executive said.... Read More »

NEAL E. BOUDETTE

BLOG: Apple is a no-show at the New York show

10:19 am U.S. ET | April 2, 2015

Apple's CarPlay and Google's Android Auto are finally here! Well, almost here.... Read More »

BASF sues Umicore in U.S. for patent infringements

6:59 am U.S. ET | April 2, 2015

German chemicals firm BASF said today it has sued Belgian specialty materials group Umicore in the United States for infringing two patents related to components for lithium-ion batteries.... Read More »

IHS buys digital car-shopping behavior tracker Dataium

5:19 pm U.S. ET | April 1, 2015

Data and consulting powerhouse IHS Inc. has purchased the assets of Dataium, a small company that can see shopping behavior on dealer and carmaker websites to direct and measure the performance of ad and marketing campaigns.... Read More »

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