Daily Email Friday

Chevy retires 'technology and stuff' after reaping publicity windfall

3:44 pm U.S. ET | Nov. 7, 2014
Chevrolet is sending #ChevyGuy and his #TechnologyAndStuff pitch to the showers -- but not before recording about $5 million in free media exposure.... Read More »

 

Mercedes gears up for its 3rd Super Bowl appearance

4:27 pm U.S. ET | Nov. 7, 2014
Automakers' plans for the Super Bowl in February are beginning to emerge. Mercedes-Benz has bought time in the big game, according to Donna Boland, a spokeswoman for the company. The news was reported earlier Friday by The New York Times.... Read More »

 

Indianapolis Motor Speedway restorationist Bill Spoerle dies at 80

4:20 pm U.S. ET | Nov. 7, 2014
Bill Spoerle, the Indianapolis Motor Speedway restoration manager, died Tuesday. He was 80.... Read More »

 

Alex Vetter named new CEO of Cars.com

12:50 pm U.S. ET | Nov. 7, 2014
Alex Vetter has been appointed CEO and president of Cars.com by owner Gannett, Cars.com announced today. He replaces longtime president Mitch Golub, who has announced his retirement but is staying on until March.... Read More »

 

Michigan car czar Nigel Francis to step down, return to industry

2:54 pm U.S. ET | Nov. 7, 2014
Michigan's auto czar is resigning from the post to work for an automotive company in the state. Nigel Francis, senior automotive adviser for the state of Michigan and senior vice president at the Michigan Economic Development Corporation, will step down November 14. He will be replaced by current vice president of the automotive office, Kevin Kerrigan.... Read More »

 

JAMES B. TREECE

Art program could help shape auto industry's next creative minds

1:33 pm U.S. ET | Nov. 7, 2014
Thursday night, I went to a fundraiser, called #onthefridge, for Art Road. The group's latest art on display was cool, but I was more drawn to some of the earlier years’ artworks, especially those related to cars.... Read More »

 

Chrysler expands Jeep trailer hitch recall outreach after low initial response

12:11 pm U.S. ET | Nov. 7, 2014
Chrysler Group will expand efforts to reach more owners of older Jeep Grand Cherokees and Libertys for a recall campaign after initial mailings drew in only 120,000 vehicles.... Read More »

 

Volvo V60 Cross Country to go on sale in early 2015

4:30 pm U.S. ET | Nov. 6, 2014
Volvo isn't giving up ground in the all-wheel-drive wagon market to Subaru, as has just about every other automaker. The Swedish brand will introduce the Volvo V60 Cross Country at the Los Angeles Auto Show in just a few weeks.... Read More »

 

Takata execs ordered technicians to erase airbag test results, report says

10:23 pm U.S. ET | Nov. 6, 2014
Takata, the Japanese supplier at the center of a global vehicle recall, ordered its technicians to destroy results of tests on some of its airbags after finding cracks in inflators, The New York Times reported.... Read More »

 

Honda upgrades Takata airbag repair campaign in U.S. to recall

10:14 pm U.S. ET | Nov. 6, 2014
Honda, the automaker most affected by an auto-safety crisis involving Japanese supplier Takata, said it would upgrade a airbag repair campaign in the United States to a formal recall.... Read More »

 

Poorly handled recalls are a 'black eye' for the industry, Jackson says

4:48 pm U.S. ET | Nov. 6, 2014
Mounting recalls this year are a “black eye” for the auto industry, AutoNation CEO Mike Jackson said today. The poorly handled recalls have resulted in an impression “seeping into the American consciousness that the industry does not have a coherent plan” to properly handle safety recalls, the head of the nation’s largest auto retailer told the Detroit Economic Club.... Read More »

 

ZF and TRW usher in new era of deals

12:01 am U.S. ET | Nov. 3, 2014
In the wake of ZF's $13.5 billion acquisition of TRW Automotive, other merger and acquisition deals are bubbling up. Delphi Automotive reportedly wants to sell its thermal products division, and key semiconductor suppliers have been buying smaller competitors. Automotive suppliers are expected to close 211 deals this year, up 13 percent over 2013.... Read More »

 

SEC investigates Ally on subprime loans, securitization

2:08 pm U.S. ET | Oct. 31, 2014
Ally Financial is being investigated by the Securities and Exchange with regard to “subprime automotive finance and related securitization activities.”... Read More »

 

Kuni Automotive COO Herman dies at 72

4:02 pm U.S. ET | Oct. 31, 2014
Joseph Herman, COO of dealership group Kuni Automotive and a 40-year veteran of the auto retailing industry, died the morning of Oct. 29 after a year-long battle with pancreatic cancer.... Read More »

 

Ferrari fined $3.5 million by U.S. regulators for not filing reports

11:00 am U.S. ET | Oct. 31, 2014
Fiat Chrysler Automobiles' Ferrari brand has been fined more than $3.5 million for not filing "early warning reports" indicating safety issues with federal safety regulators.... Read More »

 

Ram quality, reliability dragged down by technology, new boss says

12:01 pm U.S. ET | Oct. 31, 2014
Fiat Chrysler Automobiles' Ram brand chief says cockpit technology was partly responsible for the brand's ranking in the latest Consumer Report's reliability study.... Read More »

 

Hitachi Metals to plead guilty, pay $1.25 million U.S. fine for fixing parts prices sold to Toyota

2:17 pm U.S. ET | Oct. 31, 2014
Hitachi Metals will pay a $1.25 million fine and plead guilty for fixing prices and rigging bids of brake hose installed in cars in the United States, the U.S. Justice Department said Friday.... Read More »

 

Most interested in self-driving cars, but safety is a concern, survey says

1:53 pm U.S. ET | Oct. 31, 2014
When fully autonomous cars become ready to sell, consumers around the globe -- particularly in Asia -- may be ready to buy, but many of them still have concerns, according to a new survey by the University of Michigan.... Read More »

 

Cooper-Standard profits rise on higher sales, M&A moves

12:40 pm U.S. ET | Oct. 31, 2014
Cooper-Standard Holdings reported higher earnings in the third quarter from increased North American and Asian sales as well as merger and acquisition activity.... Read More »

 

American Axle Q3 profits rise as non-GM business grows

1:19 pm U.S. ET | Oct. 31, 2014
Powertrain components supplier American Axle & Manufacturing Holdings, which has been ramping up its non-General Motors business in recent years, today reported strong gains in third-quarter net income and revenues.... Read More »

 

Aston Martin wins temporary exemption to new U.S. safety rules

10:27 am U.S. ET | Oct. 31, 2014
British luxury sports car maker Aston Martin has been granted a temporary exemption to new safety rules in the United States that would have stopped it selling hundreds of cars in one of its key markets, federal regulators said today.... Read More »

 

Denso's first-half operating profit falls 16% on r&d costs

8:56 am U.S. ET | Oct. 31, 2014
Japan's Denso, the world's second-largest auto supplier, today said it posted a 16 percent decline in six-month operating profit, as development costs and investment outweighed a rise in revenue.... Read More »

 

Takata airbag recalls should include newer cars, watchdog says

8:32 am U.S. ET | Oct. 31, 2014
A watchdog group has asked federal regulators to broaden a defect investigation of Takata airbags to include more vehicles and to see whether replacements used in recalled vehicles are safe.... Read More »

 

Honda, Takata sued in California for airbag-related recalls

8:06 am U.S. ET | Oct. 31, 2014
Honda and airbag supplier Takata were sued by a driver seeking damages on behalf of the owners of 5 million Honda and Acura models recalled so far in the United States to replace potentially unsafe airbags.... Read More »

 

Audi recall no threat to Continental's financial guidance, CEO says

7:33 am U.S. ET | Oct. 31, 2014
Supplier Continental AG said a fault with airbags installed at Audi could cost a double-digit million euro amount to fix, a sum which the German automotive supplier could absorb without revising its earnings guidance.... Read More »

 

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How 3 dealerships are connecting with tech-savvy shoppers

Three dealers have found ways to forge bonds with car shoppers who are short on time and long on Web smarts. A Honda store has mobilized a young sales team hired from Starbucks and Best Buy. Mon., November 17
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