Daily Email Friday

Volvo narrows choices for U.S. plant to S. Carolina, 2nd state, report says

11:57 am U.S. ET | April 17, 2015

Volvo Cars is weighing a site in South Carolina against another southern state as it prepares to invest $500 million in its first US plant, people with knowledge of the matter told Reuters today.... Read More »

Lotus forms joint venture to build cars, engines in China

9:34 am U.S. ET | April 17, 2015

Lotus plans to build cars and engines in China in a joint venture, DRB-Hicom, the U.K. sports car maker's Malaysian parent company, said.... Read More »

South Korea steps up price-fixing crackdown on auto suppliers

10:40 am U.S. ET | April 17, 2015

South Korea, supporting a global police action against auto-parts price fixing, has hit Japanese and German suppliers with a string of fines in recent weeks. The latest penalties came Tuesday, when Germany's Schaeffler and Japan's JTEKT were fined for rigging bids on tapered roller bearings to Hyundai, Kia and Hyundai Powertech.... Read More »

LUCA CIFERRI

BLOG: Fiat meeting goes from legendary to ordinary

12:01 am U.S. ET | April 17, 2015

Fiat's investor meetings in Italy used to be legendary. Thursday's first gathering in Amsterdam was extremely ordinary.... Read More »

Ford eyes 'high volume' use of carbon fiber

9:24 am U.S. ET | April 17, 2015

Ford today said it has signed a deal with a carbon-fiber manufacturer to jointly explore “high-volume” automotive uses for the lightweight material. The agreement with DowAksa, a joint venture of Dow and a Turkish company, builds on an arrangement that Ford announced in January as it unveiled the GT supercar.... Read More »

Nissan to expand U.S. recalls tied to Takata airbag flaw

7:24 am U.S. ET | April 17, 2015

Nissan plans to expand a regional recall of cars in the United States with potentially defective Takata airbags after a woman said she was injured last month by shrapnel from the device in her 2006 Sentra sedan.... Read More »

U.S. bill would streamline passage of 2 key trade deals

10:00 pm U.S. ET | April 16, 2015

US lawmakers introduced a bipartisan bill to move trade deals quickly through Congress, opening the door to sealing a major Pacific trade pact with major implications for the auto industry.... Read More »

Honda Pilot gains 30 hp with 2016 redesign, new V-6

5:00 am U.S. ET | April 10, 2015

Honda's redesigned 2016 Pilot comes with a new 3.5-liter V-6 engine that makes 280 hp and 260 pound-feet of torque, an increase of 30 hp and 7 pound-feet of torque over the previous Pilot's V-6.... Read More »

NHTSA plans summit to promote culture of auto safety

3:00 pm U.S. ET | April 10, 2015

NHTSA head Mark Rosekind wants to hold a summit with automakers to explore how vehicle safety and defect issues are handled, and how those approaches can be improved. He is suggesting automakers could learn from the airline industry, which he praised as more proactive than reactive when it comes to consumer safety.... Read More »

GM may spend $1 billion to retool landmark Michigan tech center, report says

4:04 pm U.S. ET | April 10, 2015

GM is considering spending as much as $1 billion to renovate its sprawling 60-year-old tech center outside Detroit, Bloomberg reported, citing a person familiar with the plan. Renovations at the landmark would include some new buildings to house 2,500 new hires, mostly in electrical engineering, information technology and software development.... Read More »

EPA strikes deal with trade groups over biofuel targets

2:17 pm U.S. ET | April 10, 2015

The EPA reached a deal with two oil trade groups on setting targets for blending renewable fuels into the nation's fuel supply.... Read More »

Nissan, BMW recall more than 165,000 vehicles for fuel pump glitch

12:37 pm U.S. ET | April 10, 2015

Nissan and BMW are recalling more than 165,000 vehicles globally due to potential fuel pump failures that could cause an engine to stall or not start.... Read More »

GM appoints new treasurer, CFO for international operations

12:46 pm U.S. ET | April 10, 2015

GM named Dhivya Suryadevara vice president of finance and treasurer, effective July 1. She will take over for Niharika Taskar Ramdev, who will become CFO of GM International.... Read More »

Dealership net margins hold steady despite higher costs

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

Total dealership expenses, including sharply bigger payrolls, rose 4.7 percent at the average U.S. dealership in 2014. But at the same time, increased new- and used-vehicle sales per dealership, as well as additional service business helped stabilize net pretax profit margins at 2.2 percent.... Read More »

Ford bullish on Russia as it takes control of local joint venture

6:00 am U.S. ET | April 10, 2015

Ford says it has confidence in the Russian market despite collapsing vehicle sales. Ford is taking control of its Russian joint venture with Sollers and providing it with additional financial support. The automaker today started production of its latest Mondeo at its St. Petersburg plant, the first of at least four new models the company plans to launch in Russia this year.... Read More »

Lexus to reveal refreshed ES sedan in Shanghai

1:04 am U.S. ET | April 10, 2015

Toyota will introduce a new Lexus model in China for the second year in a row, showing a refreshed ES sedan in Shanghai this month. The ES is the top-selling Lexus sedan in the United States.... Read More »

BMW's new tech chief ready to tackle shifting consumer demands

12:15 am U.S. ET | April 10, 2015

Klaus Froehlich's recent promotion to BMW Group r&d chief comes as the automaker shakes up its powertrain and platform lineups. Froehlich, who replaced Herbert Diess in December, discussed the group's evolving platform and engine strategy with Automotive News Europe.... Read More »

What people are saying about '16 Chevy Malibu

12:00 pm U.S. ET | April 3, 2015

The 2016 Chevrolet Malibu represents a radical makeover for one of General Motors' most important models. A look at what critics and others are saying about the midsize sedan after its debut at the New York auto show.... Read More »

HANS GREIMEL

BLOG: Meet South Korea's newest automaker

11:10 am U.S. ET | April 3, 2015

Cony Motor doesn't have a factory or a single customer. Its vehicles aren't even street-legal yet. But South Korea's youngest would-be automaker just splurged on a stand at the country's premier auto show, right next to Bentley.... Read More »

Tesla blocked in W.Va. as governor signs bill

11:35 am U.S. ET | April 3, 2015

West Virginia Governor Earl Ray Tomblin today signed legislation that will effectively prevent Tesla Motors from selling cars in the strategically located state. West Virginia shares borders with five states and its easternmost county is considered a suburb of Washington, D.C.... Read More »

Revisit Automotive News' coverage of the 2015 New York auto show

1:57 pm U.S. ET | April 3, 2015

The 2015 New York auto show this week was highlighted by numerous global product debuts by nearly all of the world's top automakers. For access to more than 50 Automotive News stories and blogs, along with 18 photo galleries, from the week's events, click here.... Read More »

AutoNation CEO Jackson's 2014 compensation soars 69% to $10.6 million

1:33 pm U.S. ET | April 3, 2015

AutoNation CEO Mike Jackson’s overall compensation soared 69 percent to $10.6 million for 2014, up from $6.3 million for 2013, AutoNation said in its proxy filing released late Thursday.... Read More »

Hamp, Toyota's first female senior exec, says building trust is top priority

12:15 pm U.S. ET | April 3, 2015

Julie Hamp this week became Toyota's first female senior executive, overseeing global communications from Toyota City. Hamp said today her top priority is building trust at the automaker -- fixing disconnects between how Toyota sees itself and how outsiders view the company.... Read More »

Tesla reports record deliveries of 10,030 cars in Q1

10:35 am U.S. ET | April 3, 2015

Tesla Motors said it delivered a record 10,030 cars in the first quarter, a 55 percent increase compared with the number of deliveries in the first quarter of last year.... Read More »

Federal-Mogul to launch national tech training program

10:08 am U.S. ET | April 3, 2015

Federal-Mogul, the powertrain and aftermarket parts supplier controlled by billionaire investor Carl Icahn, is launching a national automotive technician training program.... Read More »

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