Headlines for Tuesday, March 6, 2012

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VIDEO: Sergio Marchionne on Dart, debt and diesels

12:01 am U.S. ET | March 6, 2012
Sergio Marchionne led the rescue of Chrysler after the U.S. automaker's 2009 bankruptcy. He took questions from Editor-In-Chief Keith Crain at the Automotive News World Congress in January.

Chevrolet Volt named European Car of the Year as production halt looms

10:37 am U.S. ET | March 6, 2012
Just as the assembly lines making them prepared for a five-week shutdown due to slack demand, General Motors Co's Chevrolet Volt and Ampera plug-in electric hybrid cars were named "European Car of the Year" at the Geneva auto show.

VIDEO: AutoNews Now: What's hot in Geneva

12:01 am U.S. ET | March 6, 2012
A luxury SUV from Bentley, new Lexus RX, and a 'big' Fiat 500 take the stage in Geneva; GM still working to aid Opel, and Ford's technology fix.

VIDEO: First Shift: GM's Peugeot stake: $420M

12:01 am U.S. ET | March 6, 2012
GM-Peugeot deal calls for assembling at least 4 vehicles within 6 years, MyFord Touch upgrade heads to dealers, Toyota's post-Katrina project.

Ford CEO Alan Mulally awarded $58.3M in stock for automaker's turnaround

6:09 pm U.S. ET | March 6, 2012
Ford awarded CEO Alan Mulally $58.3 million in stock as a reward for the automaker's turnaround. Ford paid the stock to its top executive as part of an incentive plan covering 2009, according to filings with the U.S. Securities and Exchange Commission.

Used-vehicle price rise seen mild if gas prices peak at $4/gal.

7:21 pm U.S. ET | March 6, 2012
Rising gasoline prices are expected to peak at about $4 per gallon in May and will produce a “mild” effect on used-vehicle prices, analysts at NADA Used Car Guides say in a report released Tuesday.

Fiat scouting Asia for possible partner in wake of GM-Peugeot deal

6:34 pm U.S. ET | March 6, 2012
Fiat is scouring Asia for a possible partner after the planned alliance between GM and Peugeot shrank the Italian automaker's pool of European candidates. Fiat and Chrysler CEO Sergio Marchionne says teaming with either Suzuki or Mazda makes sense.

Toyota may boost 2012 outlook for U.S. industry sales

5:29 pm U.S. ET | March 6, 2012
Toyota may be ready to ratchet up its 2012 sales outlook for the U.S. auto market after two months of stronger-than-expected industry volume, a top executive at the Japanese automaker said on Tuesday.

RICK KRANZ

How small is the Mercedes A class? Think Fiesta hatchback

4:07 pm U.S. ET | March 6, 2012
Next time you see a Ford Fiesta hatchback rolling down the road, take a good look at that car. That subcompact Fiesta is pretty close in size to a small German car line that's headed to our shores.

JAMIE LaREAU

MyFord Touch flop shows that technology sometimes comes at a high price

3:46 pm U.S. ET | March 6, 2012
In fixing MyFord Touch, Ford reluctantly acknowledges that the system wasn't “playing in Peoria,” so to speak.

LINDSAY CHAPPELL

Will that Datsun name never die?

3:59 pm U.S. ET | March 6, 2012
Nissan spent half a decade trying to stuff the Datsun name in a box and get rid of it in the 1980s. Is it coming back?

Supplier Fluid Routing Solutions acquired by Park-Ohio Industries

3:08 pm U.S. ET | March 6, 2012
Automotive hose supplier Fluid Routing Solutions has been acquired by Cleveland-based Park-Ohio Industries Inc. for $97.5 million in cash, according to a release.

China's car sales cool, off to worst start since 2005

10:19 am U.S. ET | March 6, 2012
Automobile sales in China, the world's biggest car market, may be having their worst start in seven years as a slowing economy and record gasoline prices keep consumers away from dealerships.

Automakers prepare for deepening sales declines in Europe

10:49 am U.S. ET | March 6, 2012
Ford, BMW, Toyota and their competitors are preparing for a deeper slump in European sales after deliveries at the beginning of the year were at the low end of their expectations.

2012 GENEVA AUTO SHOW

Infiniti throttles up midengine plug-in

12:04 pm U.S. ET | March 6, 2012
Calling it proof of its intention to create a performance halo car for the brand, Infiniti showed audiences at the Geneva auto show today a midengine sports car built with a battery-powered electric motor and range-extending gasoline engine.

2012 GENEVA AUTO SHOW

Porsche retools Boxster to catch BMW, Mercedes

5:19 am U.S. ET | March 6, 2012
Porsche has overhauled the third generation of its least-loved model, the 2013 Boxster roadster, to pass BMW AG's Z4 and achieve record sales.

BMW in talks with GM on future technologies, Reithofer says

9:52 am U.S. ET | March 6, 2012
BMW is in talks with General Motors on future technologies such as fuel cells and may extend cooperation with PSA Peugeot Citroen on gasoline engines, CEO Norbert Reithofer said.

Ex-Porsche CFO Haerter, two managers charged with fraud

March 6, 2012 11:46 CET
Former Porsche SE CFO Holger Haerter was charged along with two other company managers over statements made to a bank when the company refinanced a 10 billion-euro ($13.2 billion) loan.

PAUL MCVEIGH

Bentley's SUV is fit for a queen

12:01 am U.S. ET | March 6, 2012
I thought a Bentley SUV would surely be big, brash and ugly and not something the Queen of England's favorite car brand should consider building. But do you know what? I think it looks good.

New Civic diesel will have CO2 emissions of 95g/km

March 6, 2012 13:50 CET
Honda's new diesel engine for the Civic will produce CO2 emissions of 95 grams per kilometer, the automaker's European boss said Tuesday at the auto show here. By comparison, the Toyota Prius gasoline-electric hybrid produces CO2 of 92g/km.

PAUL MCVEIGH

Bentley's SUV is fit for a queen

12:01 am U.S. ET | March 6, 2012
I thought a Bentley SUV would surely be big, brash and ugly and not something the Queen of England's favorite car brand should consider building. But do you know what? I think it looks good.

GM will pay 320 million euros for 7% PSA stake

March 6, 2012 06:01 CET
PSA said it will carry out a 1 billion euro ($1.32 billion) capital increase to fund its alliance with General Motors. GM will pay about 320 million euros for a 7 percent stake in PSA, making it the second-largest shareholder of the Paris-based company after the Peugeot family.

GM will stop making slow-selling Volt plug-in for 5 weeks

March 6, 2012 06:01 CET
General Motors, missing sales goals for the Chevrolet Volt plug-in hybrid, plans to halt production of the sedan for five weeks beginning later this month rather than discount the high-technology cars.

JASON STEIN

Why internal combustion engines are making a comeback

7:32 am U.S. ET | March 6, 2012
For at least the last five years, electric and hybrid technology has dominated the European auto show circuits. But Geneva could be a sign that things are changing.

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