Automotive News World Congress2013 AUTOMOTIVE NEWS WORLD CONGRESS Panel: Online experience new battleground for buyers 6:50 pm U.S. ET | Jan. 16, 2013  With brand competition so close these days on vehicle quality, cost and styling, the customer shopping experience online and in the store has become a key battleground for automakers, panelists from Google, Hyundai and TrueCar said at the Automotive News World Congress.... Read More »
2013 AUTOMOTIVE NEWS WORLD CONGRESS Amid home-market turmoil, Europeans top shareholder value 8:38 pm U.S. ET | Jan. 16, 2013 Two German automakers and two European suppliers have delivered the best shareholder return in the industry this year, despite troubling economic conditions in Europe. For the past 12 months, Volkswagen AG provided the best shareholder value of any automaker, returning 64.5 percent to investors, according to the latest Automotive News/PwC Global Automotive Shareholder Value Index.... Read More »
2013 AUTOMOTIVE NEWS WORLD CONGRESS Mercedes-Benz addresses its culture in bid to improve buyers' experience 6:02 pm U.S. ET | Jan. 16, 2013  Thank or blame the digital world and social media, but there's no hiding a bad dealership experience today. Marketers used to believe people shared good experiences with three others and bad ones with 10 other people, Steve Cannon, 51, CEO of Mercedes-Benz USA, told the Automotive News World Congress.... Read More »
2013 AUTOMOTIVE NEWS WORLD CONGRESS GM's Reuss: Electric vehicles' day will come 8:20 pm U.S. ET | Jan. 16, 2013  GM's top U.S. executive delivered a staunch defense of electric vehicles and the Chevrolet Volt, noting that the plug-in hybrid's sales tripled in 2012. Mark Reuss, head of GM North America, acknowledged the hurdles to broader adoption of EVs and plug-ins, including high prices. He cited signs that local-government support for green cars might be waning, including the state of Washington's recent decision to charge EV owners a $100 annual fee.... Read More »
AutoNews Now: Honda on Civic misstep 12:01 am U.S. ET | Jan. 16, 2013  U.S. chief: Concerns with '12 model predated launch; Chrysler speed deed; Penske's people priority; where bacon beats bread.... Read More »
2013 AUTOMOTIVE NEWS WORLD CONGRESS Wilbur Ross cautions against automakers' expanding their lineups 9:44 pm U.S. ET | Jan. 16, 2013  Automakers' attempts to boost sales and profits by broadening their U.S.product lineups could backfire, billionaire private-equity investor Wilbur Ross said Wednesday.... Read More »
2013 AUTOMOTIVE NEWS WORLD CONGRESS More production means more cooperation with suppliers 4:09 pm U.S. ET | Jan. 16, 2013  Rising production in North America has forced automakers to collaborate more closely with their suppliers. And suppliers, in turn, are reaching outside the auto industry to get help.... Read More »
First Shift: Mulally's 'uh-oh' moment 8:00 am U.S. ET | Jan. 16, 2013  What put Ford chief on the spot during bailout hearings, behind Infiniti car-naming scheme, BMW self-driving scenario.... Read More »
2013 AUTOMOTIVE NEWS WORLD CONGRESS Honda's Mendel chides automakers for inaccurate fuel-economy claims 11:40 am U.S. ET | Jan. 16, 2013  American Honda's top sales executive chided automakers caught by federal regulators for overstating their fuel economy numbers. “Aggressive fuel-economy claims that turned out to be not so accurate puts pressure on all of us,” John Mendel, American Honda executive vice president, said today at the Automotive News World Congress.... Read More »
2013 AUTOMOTIVE NEWS WORLD CONGRESS Chrysler's Bigland: Dealers' 'methodical' response to online leads is boosting sales 10:56 am U.S. ET | Jan. 16, 2013  A sharp focus on responding to Internet leads has allowed Chrysler Group to dramatically decrease both the number of lost leads as well as the time the average customer waits for a response, the automaker's head of United States and Canadian sales said.... Read More »
2013 AUTOMOTIVE NEWS WORLD CONGRESS Audi shoots for 200,000 U.S. sales 'sooner rather than later' 2:45 pm U.S. ET | Jan. 16, 2013  Audi should hit its goal of selling 200,000 vehicles in the United States “sooner rather than later,” Audi of America President Scott Keogh told the Automotive News World Congress today.... Read More »
2013 AUTOMOTIVE NEWS WORLD CONGRESS De Nysschen: Infiniti will add four new vehicles 6:09 pm U.S. ET | Jan. 15, 2013  Over the next four years, Infiniti will add at least four additional vehicles with new engines and transmissions, on top of renewing every existing nameplate in its United States lineup, says the company's top executive.... Read More »
2013 AUTOMOTIVE NEWS WORLD CONGRESS A Detroit legend roils Russian vehicle making 10:03 pm U.S. ET | Jan. 15, 2013  Bo Andersson was one of the most powerful and feared men in the Detroit a few years ago. Now he is a hero of the Russian auto industry. He might still be a little feared, he admits.... Read More »
2013 AUTOMOTIVE NEWS WORLD CONGRESS M&A opportunities abound as industry strengthens, Penske says 9:11 pm U.S. ET | Jan. 15, 2013  Publicly-owned automotive retailers with the financial muscle to buy new stores now have the perfect opportunity to do so, both in the United States and abroad. That's what Roger Penske, 75, told industry leaders in his keynote address at the Automotive News World Congress Tuesday evening.... Read More »
2013 AUTOMOTIVE NEWS WORLD CONGRESS Panel sees autonomous driving, in select situations, by 2025 6:32 pm U.S. ET | Jan. 15, 2013  Autonomous driving in some situations will be a reality by 2025 but a fleet of fully autonomous cars on American roads is unlikely, a panel of auto industry executives said at the Automotive News World Congress.... Read More »
2013 AUTOMOTIVE NEWS WORLD CONGRESS Analyst sees housing, credit improvements releasing pent-up demand 8:32 pm U.S. ET | Jan. 15, 2013  Light-vehicle sales will rise to 17 million units in the United States by 2015, from 2012's 14.9 million, Morgan Stanley Managing Director Adam Jonas told the Automotive News World Congress. Pent-up demand will fuel that rise, he said.... Read More »
2013 AUTOMOTIVE NEWS WORLD CONGRESS Mulally vows to 'follow the processes' to avoid more launch recalls 4:10 pm U.S. ET | Jan. 15, 2013  Ford needs to stick to its processes and learn from its mistakes as its volumes increase if it wants to avoid further recalls similar to the four that plagued the launch of the 2013 Ford Escape, CEO Alan Mulally told reporters after a speech at the Automotive News World Congress.... Read More »
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