Daily Email Thursday

NHTSA compiles Takata recall data from automakers

10:13 am U.S. ET | June 18, 2015

Automakers affected by the Takata airbag inflator recall have loaded the ID numbers of millions of recalled vehicles into a searchable system, allowing consumers and government officials to examine the data, U.S. safety regulators said on Wednesday.... Read More »

UAW leaders intent on bridging the gap in auto workers' pay, Williams vows

12:50 pm U.S. ET | June 18, 2015

UAW President Dennis Williams, using his final press conference before the start of contract negotiations with the Detroit 3, today vowed to address the pay disparity between entry-level workers and longtime auto workers meaningfully in this year's round of bargaining.... Read More »

U.S. report finds fuel-economy targets can be met -- at a cost

11:22 am U.S. ET | June 18, 2015

A midsize sedan can exceed the 54 mpg needed to comply with the U.S. government's Corporate Average Fuel Economy regulations in 2025 without adding expensive electrification technology such as a hybrid powertrain, according to a new study released today.... Read More »

GM asking advisors for help rekindles FCA merger talk

2:12 pm U.S. ET | June 18, 2015

General Motors seeking advice from investment banks shows it is taking an attempt by Fiat Chrysler Automobiles to force a merger with its larger U.S. rival seriously, analysts and traders said.... Read More »

NEWS ANALYSIS

FCA's long-odds GM pursuit hangs on Marchionne's deal record

2:20 pm U.S. ET | June 18, 2015

Moves by Fiat Chrysler Automobiles to force General Motors into a merger might have been laughed out of court by now, had its CEO been anyone other than Sergio Marchionne.... Read More »

Toyota 'confident' arrested exec Hamp didn't intend to break Japan drug laws

6:52 am U.S. ET | June 18, 2015

Toyota expressed confidence in communications chief Julie Hamp, its first female senior executive, after she was arrested Thursday on suspicion of a Japanese drug offense involving a prescribed medication, saying she did not intend to break any laws.... Read More »

GM and FCA line up financial advisers in merger standoff, report says

6:30 am U.S. ET | June 18, 2015

General Motors and Fiat Chrysler Automobiles have turned to investment banks for help to deal with a stand-off as FCA seeks to force a merger with its Detroit rival, sources familiar with the matter told Reuters.... Read More »

Toyota tops in retained value, Edmunds.com awards show

12:01 am U.S. ET | June 18, 2015

Toyota Motor came out on top in Edmunds.com's annual Best Retained Value Awards, nabbing a brand-level award and four model-level awards. The awards recognize brands and nameplates that have the highest projected residual values after five years compared to their average transaction prices when sold new.... Read More »

GM credit raised to investment grade by Fitch

2:59 pm U.S. ET | June 18, 2015

General Motors said today that Fitch Ratings had raised the credit ratings of both GM and GM Financial to investment grade.... Read More »

Daimler poaches BMW's connected drive executive

1:09 pm U.S. ET | June 18, 2015

Daimler said it had hired Sajjad Khan, a senior BMW executive responsible for the automaker's Connected Drive program, in a coup for the Mercedes-Benz parent company.... Read More »

Fiat Chrysler recall failings detailed by regulators, report says

7:44 am U.S. ET | June 18, 2015

U.S. auto safety regulators have "tentatively concluded" that FCA did not adequately remedy safety defects in a timely manner, notify car owners of recalls or keep federal officials informed about ongoing issues, according to an official document seen by Reuters on Wednesday.... Read More »

Few vehicles offer easy child restraint installation, IIHS says

12:01 am U.S. ET | June 18, 2015

Only three vehicles for the 2015 model year, out of more than 100, feature easy-to-use child restraint installation hardware, the Insurance Institute for Highway Safety said today.... Read More »

LINDSAY CHAPPELL

BLOG: Who was Kirk Kerkorian? He was a money man

12:01 am U.S. ET | June 18, 2015

It was always about the money for Kirk Kerkorian, the auto industry provocateur who died Monday at 98.... Read More »

VIDEO: Denver dealer banks on service bays, crusades for family-owned stores

12:01 am U.S. ET | June 15, 2015

After the untimely death of her boss and mentor, Mary Pacifico-Valley has built a 3-franchise chain with fixed ops as its foundation. She is also waging a personal crusade for the viability of the family-owned dealership while walking the talk on an issue where she feels the industry needs to "step it up."... Read More »

Ford to move Lincoln production to free up Explorer capacity

12:02 pm U.S. ET | June 11, 2015

Ford won't build the 2017 Lincoln Continental at the same plant that currently makes the MKS sedan, freeing up some capacity to build more of the hot-selling Explorer, the company said today.... Read More »

Marchionne mulls 'Plan B' partners after GM rejection, report says

9:15 am U.S. ET | June 11, 2015

Fiat Chrysler Automobiles CEO Sergio Marchionne is looking at other automakers as merger candidates as the chances of striking a friendly deal with General Motors dwindle, people familiar with the matter told Bloomberg.... Read More »

NHTSA 5-star ratings would include crash-avoidance tech under bills

11:22 am U.S. ET | June 11, 2015

Crash-avoidance technologies would be included in the National Highway Traffic Safety Administration's five-star vehicle safety ratings if a bipartisan measure becomes law.... Read More »

CarMax criticized for selling cars with open recalls

1:45 pm U.S. ET | June 11, 2015

CarMax is under attack from consumer activist groups in California after a study found vehicles with open safety recalls for sale at two of its stores in the state.... Read More »

Toyota launches $126 million r&d expansion in Michigan

11:00 am U.S. ET | June 11, 2015

Toyota broke ground today on the $126 million expansion of its Technical Center in Michigan. The expansion includes a new prototype facility for vehicle development, additions to the powertrain development facility and a supply center. The construction is expected to wrap up in late 2016.... Read More »

Daimler steps up savings efforts to close gap with rivals

1:18 pm U.S. ET | June 11, 2015

German carmaker Daimler said today it will step up cost-cutting efforts as it wants to see its premium Mercedes-Benz brand catch up with more profitable rivals Audi and BMW.... Read More »

LINDSAY CHAPPELL

BLOG: Why Nissan Leaf sales surged -- and yet fell 33%

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

Sales of the Nissan Leaf fell 33 percent in May from a year earlier, so why did some reports portray Leaf sales as surging ahead?... Read More »

Confusion clouds count of cars hit by Takata airbag recall

6:35 pm U.S. ET | June 10, 2015

The number of vehicles on U.S. roads with potentially defective Takata airbags appears to be less than half the 34 million initially estimated by federal regulators. Reuters analysed recall records submitted to the watchdog and confirmed by the car companies.... Read More »

Echopark stores' iPad strategy reaps F&I results

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

Sonic Automotive Inc.'s three new used-vehicle stores in the Denver area are getting strong F&I results. The three stores together average nearly $1,000 per vehicle on sales of extended service contracts, guaranteed asset protection and other add-on items. That's despite having no dedicated F&I officers and using a one-price, one-salesperson process.... Read More »

A rousing start for small crossovers

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

It isn't too big yet, but the emerging small crossover category is off to a good start.... Read More »

Auto-loan delinquency rates drop to lowest level in a decade

3:58 pm U.S. ET | June 4, 2015

Auto-loan delinquency rates have fallen to their lowest level in a decade, even as high-risk loans continue to rise, a June 4 report said.... Read More »

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