Daily Email Thursday

Group 1 and Prestige settle Fla. buy-sell dispute

3:50 pm U.S. ET | Jan. 29, 2015
A dispute between Prestige Motor Car Imports and Group 1 Automotive over a buy-sell deal in Florida gone wrong is settled and the deal is back on -- for now, both sides said.... Read More »

 

THE TAKATA RECALL CRISIS

U.S. safety regulators seek Takata whistleblowers

2:10 pm U.S. ET | Jan. 29, 2015
Federal safety regulators want to find whistleblowers with knowledge “of possible defects or any wrongdoing” by Takata, stepping up pressure on the airbag maker whose products are linked to five deaths and dozens of injuries.... Read More »

 

Fiat Chrysler to air 3 Super Bowl ads

4:21 pm U.S. ET | Jan. 29, 2015
Fiat Chrysler says it will air three Super Bowl commercials during Sunday's game. The first ad is slated to air as the first commercial after the two-minute warning in the second quarter.... Read More »

 

Ford's 2014 profit fell 56 percent amid new-product blitz

7:00 am U.S. ET | Jan. 29, 2015
Ford posted a drop in fourth-quarter profit and said earnings fell 56 percent in 2014 as it introduced 24 vehicles worldwide while US market share declined. CFO Bob Shanks predicted "a lot of strong growth numbers from Ford in 2015."... Read More »

 

2015 CHICAGO AUTO SHOW

Kia to unveil off-roader concept at Chicago show

3:34 pm U.S. ET | Jan. 29, 2015
Kia Motors will unveil a rugged concept car with electric all-wheel drive at the Chicago Auto Show, the automaker said today as it released a teaser image.... Read More »

 

U.S. driver death rates fall more than a third in 3 years, IIHS says

2:40 pm U.S. ET | Jan. 29, 2015
After the year of the recall, the Insurance Institute for Highway Safety shared some positive news about vehicle safety: The likelihood of driver deaths in late-model vehicles has fallen more than a third in the US in three years, IIHS said in a status report today.... Read More »

 

GM's lease incentive move to captive unit surprised, angered Ally's chief

11:40 am U.S. ET | Jan. 29, 2015
General Motors' recent move to steer 100 percent of its Buick, Cadillac and GMC lease incentives in the US to captive finance company GM Financial took Ally Financial by surprise, Ally CEO Michael Carpenter said during a conference call today.... Read More »

 

Toyota recalls 52,000 Avalons to fix potential wiring fire hazard

10:13 am U.S. ET | Jan. 29, 2015
Toyota Motor Sales USA said it plans to recall about 52,000 Avalon sedans from the 2011-12 model years for wiring that could cause a fire.... Read More »

 

Autoliv sees 2015 growth, better margins as Q4 beats forecast

7:25 am U.S. ET | Jan. 29, 2015
Auto safety products supplier Autoliv today said it saw slightly higher margins in 2015 as it posted fourth quarter earnings above market expectations, helped by strong sales in Europe and lower costs for raw materials.... Read More »

 

DIANA T. KURYLKO

Volvo's interception not likely to win the game

6:43 am U.S. ET | Jan. 29, 2015
Volvo wants some of the attention the big boys with fat wallets will get during the Super Bowl.... Read More »

 

JIM HENRY

Fox, incoming chair, stumbles and takes on look of a prizefighter

2:01 pm U.S. ET | Jan. 22, 2015
Bill Fox, NADA vice chairman and incoming NADA chairman, tripped and fell in San Francisco earlier this week, requiring five stitches in his chin and three trips to the dentist so far for repairs, outgoing NADA Chairman Forrest McConnnell III.... Read More »

 

Big sales goal for new Titan may be low, Nissan's Munoz says

10:45 pm U.S. ET | Jan. 22, 2015
Nissan startled many auto industry observers last week when it said it envisioned the redesigned 2016 Titan capturing 5 percent of the U.S. full-size pickup market. But Nissan's U.S. boss, Jose Munoz, says 5 percent might be on the low side.... Read More »

 

LARRY P. VELLEQUETTE

Why Jeep executives might be praying for more snow days

1:48 pm U.S. ET | Jan. 22, 2015
For most of its life, Jeep has been at best an under-developed niche brand, relegated to an automotive sales backwater by a series of owners who always suspected it had sales potential -- they just couldn't figure out how to properly exploit it.... Read More »

 

NHTSA to add automatic braking to star ratings

1:23 pm U.S. ET | Jan. 22, 2015
Federal regulators will add automatic braking to a list of technologies considered in its influential star-rating advisory system for consumers. Transportation Secretary Anthony Foxx announced the change today during a meeting in Washington with automotive engineers.... Read More »

 

DOE announces $55 million in funding for green car research

4:12 pm U.S. ET | Jan. 22, 2015
More than $55 million in new funding from the Department of Energy will go toward projects that aim to reduce and improve the efficiency of plug-in electric, alternative fuel and conventional vehicles.... Read More »

 

Fiat Chrysler's 7% global sales growth outpaces biggest peers

4:09 pm U.S. ET | Jan. 22, 2015
U.S. car buyers' thirst for Ram trucks and Jeep SUVs sent Fiat Chrysler's sales up faster than those of the biggest three carmakers last year, an early positive sign for CEO Sergio Marchionne's ambitious five-year growth plan.... Read More »

 

Independent repair shops edge out dealership mechanics in customer satisfaction survey

3:27 pm U.S. ET | Jan. 22, 2015
When it comes to vehicle repairs, independent shops may be pleasing customers more than mechanics at dealerships' service bays, a Consumer Reports' survey said today.... Read More »

 

JCI quarterly net income grows 12% on higher volume

3:07 pm U.S. ET | Jan. 22, 2015
Supplier Johnson Controls said today its quarterly net income grew 12 percent, reaching $507 million, compared with $451 million during the same quarter last year. JCI is typically one of the first suppliers to release quarterly earning results, serving as a bellwether for supplier financial trends.... Read More »

 

JAMES B. TREECE

Luddites? Really?

12:01 am U.S. ET | Jan. 22, 2015
Maybe you saw this: Four states received a “Luddite Award” from a think tank for laws preventing Tesla from opening its own stores. The four are Arizona, Michigan, New Jersey and Texas.... Read More »

 

About 100 EV stations planned for high-traffic east- and west-coast locations

2:30 pm U.S. ET | Jan. 22, 2015
Around 100 new electric vehicle quick-charging stations will be installed along high-traffic highway corridors on the east and west coasts by year-end under a new deal announced today by BMW, Volkswagen and EV-charging network operator ChargePoint.... Read More »

 

Takata executive indicted in U.S. for fixing prices of seat belts

1:55 pm U.S. ET | Jan. 22, 2015
An executive at embattled Japanese auto supplier Takata was indicted today for conspiring to fix the prices of seat belts sold to carmakers, the US Justice Department said.... Read More »

 

Toyota's Carter says dealerships must change to look like new customers

1:30 pm U.S. ET | Jan. 22, 2015
Successful auto dealers must make their dealerships look like their future customers with more women, minorities and the young, Toyota's head of automotive operations in the US says.... Read More »

 

Cadillac boss to introduce 'boutique' store concept to 700 dealers

9:37 am U.S. ET | Jan. 22, 2015
Cadillac plans to ask about 700 of its dealerships to invest in small "boutique" stores that would offer "high technology showrooms" and a higher level of service than they offer today. Cadillac President Johan de Nysschen outlined the plan in an appearance at the Washington, DC, auto show today and will do so again at the National Automobile Dealers Association convention in San Francisco this weekend.... Read More »

 

GM issues stop-sale on crossovers for problem with Goodyear tires

10:22 am U.S. ET | Jan. 22, 2015
General Motors has told dealers to stop delivery of about 6,300 2015 Chevrolet Traverse, GMC Acadia and Buick Enclave crossovers because of a pending recall to replace tires that are prone to cracking.... Read More »

 

Chinese aerospace firm pursues acquisition of U.S. supplier Henniges, report says

6:34 am U.S. ET | Jan. 22, 2015
AVIC, China's biggest aerospace company, is among bidders pursuing an acquisition of US auto supplier Henniges Automotive Holdings, people with knowledge of the matter told Bloomberg. AVIC could pay $1 billion for the acquisition, Bloomberg reported.... Read More »

 

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