AN Daily E-mail -- WEDNESDAY

THE GM RECALL

GM lists more Cobalt, Ion fatalities in quarterly crash data

3:37 pm U.S. ET | July 23, 2014
In the first quarter, General Motors received claims that defects in the Chevrolet Cobalt and Saturn Ion caused 17 deaths and 167 injuries, according to data it submitted to federal safety regulators. The disclosures do not link directly to the company's recalls for faulty ignition switches, but they suggest that the pool of potential victims could expand....
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GM sales surge despite recalls as Barra proves quality sells

9:10 am U.S. ET | July 23, 2014
General Motors' Mary Barra is projected to report her second straight quarter of rising sales, adding to evidence that the CEO is weathering the biggest wave of recalls in automotive history. Second-quarter revenue may rise 2.7 percent, the average of estimates compiled by Bloomberg....
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Hyundai nabs a win in J.D. Power APEAL Study a month after leading IQS

10:00 am U.S. ET | July 23, 2014
For the first time, Hyundai is the top-ranked nonpremium brand in the J.D. Power 2014 U.S. Automotive Performance, Execution and Layout Study -- a month after leading nonpremium brands in the company's Initial Quality Study....
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Lithia Q2 profits hit record highs

8:39 am U.S. ET | July 23, 2014
Lithia Motors today reported the highest adjusted quarterly net income in the company's history -- a 29 percent surge to $35 million -- on higher revenues and cost controls....
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Suburban Collection buys BMW, Mercedes dealerships in Ann Arbor

4:08 pm U.S. ET | July 23, 2014
The Suburban Collection has acquired two more Michigan dealerships: BMW of Ann Arbor and Mercedes-Benz of Ann Arbor. The two dealerships were acquired from Sonic Automotive for an undisclosed amount....
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Nissan to add L.A. to 'No Charge to Charge' Leaf promotion

4:01 pm U.S. ET | July 23, 2014
Nissan said today it will add Los Angeles to its “No Charge to Charge” promotion for the Leaf electric vehicle on Aug. 15....
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Federal-Mogul posts $5 million net loss in Q2 as revenue rises

3:34 pm U.S. ET | July 23, 2014
Auto supplier Federal-Mogul today reported a $5 million net loss after factoring in one-time charges, along with a $128 million revenue gain for the second quarter. The company, controlled by longtime Wall Street investor Carl Icahn, had one-time restructuring and impairment charges of $32 million and posted a $3 million loss from continuing operations....
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Fiat investors urged to vote against Chrysler merger

2:59 pm U.S. ET | July 23, 2014
Proxy advisor ISS has recommended that Fiat investors vote against a cross-border merger of the Italian carmaker and its U.S. unit Chrysler at a meeting on Aug. 1, saying it would reduce shareholder rights....
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New-look Yaris will start at $15,670

2:54 pm U.S. ET | July 23, 2014
Pricing on the 2015 Yaris, Toyota’s struggling subcompact car, will start at $15,670, including shipping. Toyota gave the 2015 Yaris a face-lift in hopes that a newer look will attract more buyers....
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THE GM RECALL

GM recalls 717,950 vehicles, pushing year's recall tally to 60

2:07 pm U.S. ET | July 23, 2014
General Motors is recalling another 717,950 vehicles in the United States, mostly 2010-12 model year cars and crossovers, lifting its total for the year to a record 60 safety campaigns covering around 29 million vehicles globally....
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Japan readies fuel cell subsidies in bet on Toyota's next big thing

10:44 am U.S. ET | July 23, 2014
Japan is readying subsidies to help Toyota and key suppliers take the lead in hydrogen-powered fuel cell vehicles that could top $400 million over the next several years if the most bullish projections for the technology play out....
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DAVE GUILFORD

Maybe the EPA should just hire Consumer Reports for mpg ratings

10:10 am U.S. ET | July 23, 2014
Maybe the federal government should adopt Consumer Reports as a model for fuel economy testing. Or just outsource the task to the magazine....
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Nissan pledges to keep it quirky after cutting Cube

6:35 am U.S. ET | July 23, 2014
Nissan pledges to add an “iconic” design to keep its lineup quirky after cutting two of the brand's most polarizing nameplates, the Cube and Murano CrossCabriolet....
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Brembo to invest nearly $100M in new Michigan foundry, expand capacity

6:54 am U.S. ET | July 23, 2014
Italian brakes maker Brembo will build a new foundry in Michigan to expand its manufacturing capability in the United States, betting on continued strength of the country's automotive sector....
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GM to invest $800 million to renovate operations, add 1,750 jobs in Michigan

6:07 pm U.S. ET | July 22, 2014
GM plans to invest $800 million in Michigan as part of plans to renovate facilities throughout the state to support future vehicle platforms and programs. The company will also add 1,750 jobs in the state after consolidating various engineering functions outside Michigan to a site in Michigan, the state said Tuesday in enhancing economic development incentives for the automaker....
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Kia in talks to open $1.5 billion Mexico assembly plant, report says

6:52 pm U.S. ET | July 22, 2014
Kia is in talks with Mexico to open a new auto assembly plant worth at least $1.5 billion, officials from Nuevo Leon's state government told Reuters. The factory, which sources say will have an annual capacity of some 300,000 cars, would be built on the northeastern fringe of the city of Monterrey....
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Tesla asks hackers at Beijing contest to report vulnerabilities

8:26 am U.S. ET | July 16, 2014
Tesla Motors, whose Model S sedan is the target of a hacking contest in Beijing starting today, said it will investigate and rectify any vulnerabilities discovered as a result of the competition....
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SUVs, crossovers top sedans in popularity for first time

2:35 pm U.S. ET | July 16, 2014
The American love affair with SUVs and crossovers has pushed the segments to a new milestone. SUVs and crossovers combined accounted for 36.5 percent of the U.S. light-vehicle market through May compared with the sedan segment's 35.4 percent share....
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Penske Automotive hikes cash dividend again

11:54 am U.S. ET | July 16, 2014
Penske Automotive Group raised its quarterly cash dividend to 20 cents per share from 19 cents....
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BMW to recall 1.6 million 1999-2006 3-series cars to replace Takata airbags

7:58 am U.S. ET | July 16, 2014
German automaker BMW said today it is recalling about 1.6 million cars worldwide to replace passenger-side front airbags made by Takata Corp. because the inflators could break apart during deployment and injure passengers....
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Daimler seeks to jumpstart Smart with revamped ForTwo, new 4-seat model

10:10 am U.S. ET | July 16, 2014
Smart took the wraps off a four-seat model that it hopes will give the small-car brand a more solid foundation. The new ForFour was unveiled today alongside the latest version of the ForTwo two-seater....
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Ford to tout new F-450 towing capacity, hp, torque as best in class

12:29 pm U.S. ET | July 16, 2014
In new spots appearing this fall, Ford will claim that the heavy-duty F-450 is capable of a best-in-class towing capacity of 31,200 pounds, an increase of 6,500 pounds over that of the current model....
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GM's global sales rise 0.5% in 2nd quarter, trail VW

1:34 pm U.S. ET | July 16, 2014
GM's global auto sales rose 0.5 percent to 2.51 million during the second quarter as the automaker's tally of vehicle recalls in North America reached a record. GM sold 4.92 million cars and trucks during the first six months, a 1.4 percent gain from a year earlier....
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VW sets sights on Apple-like model updates with speed task force

1:04 pm U.S. ET | July 16, 2014
VW plans to mimic the fast-paced rollouts of products made by the likes of Apple to adapt quicker to changing customer demands for technology in its cars....
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Tesla settles lemon law case with Wisconsin man for $126,836

2:57 pm U.S. ET | July 16, 2014
Tesla agreed to settle the first lemon law suit filed against the company, Wisconsin lawyer Vince Megna said....
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Special Report
Fewer bosses, Disney savvy, $2 idea lift stores

Fewer bosses, Disney savvy, $2 idea lift stores

A Chrysler Group dealership chain is stripping away layers of management to sell cars faster. A Chevrolet-Cadillac store is enchanting customers through Disney training. Mon., July 21
» Watch the Video
     
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