Headlines for Thursday, December 13, 2012

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Analysts, dealers and others react to GM's 2014 big pickups

3:23 pm U.S. ET | Dec. 13, 2012
The 2014 Chevrolet Silverado and GMC Sierra are GM's biggest product launch in decades. Wall Street analysts, dealers, automotive journalists and others weigh in on the latest trucks from GM.

GM's 2014 pickups bank on improved power, mpg, refinement to revive truck share

12:01 am U.S. ET | Dec. 13, 2012
GM's next generation, full-sized pickup trucks offer "evolutionary" styling changes but significant engine and interior advances, a bid by GM to cater to buyers who use their trucks to make a living.

Ford seeking 3-mpg improvement in 2015 F-150 pickup

4:59 pm U.S. ET | Dec. 13, 2012
Ford is aiming to boost the gas mileage of its next-generation F-150 pickups by 15-20 percent, thus shifting the battleground in full-size trucks from power, durability and towing capacity to fuel economy.

VIDEO: AutoNews Now: GM's pickup strategy

12:01 am U.S. ET | Dec. 13, 2012
New Silverado, Sierra aimed at those who use their trucks to make a living; minivan assembly reportedly halted; TV spot deemed 'Lie of the Year'


Mini gets a doggone good plug with canine cars

1:55 pm U.S. ET | Dec. 13, 2012
Using dogs to sell cars is nothing new. But using cars to sell dogs? That's a new one. As part of a marketing campaign for the Society for the Prevention of Cruelty to Animals in Auckland, New Zealand, the group took a pair of abandoned pups and taught them how to drive a car.

Audi will decide on Brazil assembly line in 2013

Dec. 13, 2012 16:16 CET
Audi will decide next year whether to start producing vehicles in Brazil again, following rival BMW's plans for a new plant and word that Japanese brands Acura and Infiniti are on the way.

Obama's bet on GM hangs on new pickups boosting share price

9:52 am U.S. ET | Dec. 13, 2012
GM's best bet for 2013 may also provide the Obama administration an exit ramp for its $50 billion investment in the largest American automaker.


Akerson bullish on PSA alliance, Opel's new models

Dec. 13, 2012 06:01 CET
General Motors CEO Dan Akerson is steadily putting his stamp on the automaker. He is forging a cost-saving alliance with PSA/Peugeot-Citroen and is bullish about Opel's entry into new segments with the debuts of the Adam minicar and Mokka subcompact SUV.

Ex-VW boss Pischetsrieder to chair Munich Re insurance group

Dec. 13, 2012 14:06 CET
Former VW chief Bernd Pischetsrieder will be the new supervisory board chairman of Munich Re.


If it's not core, it's out the door

12:01 am U.S. ET | Dec. 13, 2012
The simple rhyme above seems to be the mantra at European automakers lately. Renault, PSA and Daimler have shed substantial stakes in non-core assets.

Porsche puts U.S. creative ad business under review

5:56 pm U.S. ET | Dec. 13, 2012
Porsche has put its U.S. creative advertising account into review, Ad Age reported. The company's creative business is currently handled by Cramer-Krasselt, an independent Chicago agency that is expected to defend the account, the magazine said.

Mercedes sees record U.S. sales, concedes luxury race with BMW

5:07 pm U.S. ET | Dec. 13, 2012
Mercedes-Benz expects to lose its lead in the U.S. luxury market to German rival BMW, which is expected to be aggressive in its incentive strategy this month.

VW plugs in to hybrids with Porsche 918 launches

3:50 pm U.S. ET | Dec. 13, 2012
Volkswagen is launching sales of more plug-in hybrid models to American sports car lovers next year as the automaker plays catch-up with hybrid-vehicle champion Toyota.

Jaguar drops plan to build C-X75 supercar

Dec. 13, 2012 15:11 CET
Jaguar said it will not build the hybrid C-X75 supercar, citing global economic pressures. The British luxury brand announced in May last year it would build 250 units of the two-seat car that would sell at prices up to 900,000 pounds ($1.5 million).

Volvo gets $1.2 billion loan from China Development Bank

12:31 pm U.S. ET | Dec. 13, 2012
Chinese-owned automaker Volvo has negotiated a $1.2 billion loan from the China Development Bank to repay existing debt and hopes for more to help finance the investment it needs to double vehicle sales.

How Republicans engineered a blow to the UAW and Michigan's powerful unions

10:15 am U.S. ET | Dec. 13, 2012
From outside Michigan Republican circles, it appeared that the Republican drive to weaken unions came out of the blue -- proposed, passed and signed in a mere six days.

PSA declines to comment on report of Algeria investment

Dec. 13, 2012 11:11 CET
PSA has declined to comment on a French news report that says the Algerian government plans to discuss an investment in the automaker with French officials during a visit by President Francois Hollande to the country next week.

Marchionne to outline plans to build Jeeps, Fiat SUVs in Italy, report says

Dec. 13, 2012 08:34 CET
Fiat CEO Sergio Marchionne will soon give details of his plans for the production of Jeeps and Fiat SUVs at the automaker's factory in Melfi, Italy, sources said.

JLR sales rise 14% in Nov. as China offsets weak N. America

Dec. 13, 2012 07:19 CET
Jaguar Land Rover global sales rose a record 14 percent in November as China demand surged, helping to offset a decline in North American deliveries.

Porsche shores up profitability dominance with labor accord

Dec. 13, 2012 13:49 CET
Porsche will shore up its industry-leading profit margins by cutting the number of labor hours required to produce a vehicle.

VW negotiates with Chrysler on minivan future as output pauses

Dec. 13, 2012 09:19 CET
Volkswagen is negotiating with Chrysler about future production of its Routan minivan in Windsor, Canada, as output of the model stops for at least five months.

Renault will sell Volvo Trucks stake to boost investment in carmaking

Dec. 13, 2012 09:49 CET
Renault will sell its remaining 6.5 percent stake in truckmaker Volvo as it seeks to cut debt and boost investment in carmaking. The sale will raise $1.92 billion and ends Renault's 11-year run as the Swedish truckmaker's largest shareholder.

VIDEO: First Shift: Nissan lifts EV bet

12:01 am U.S. ET | Dec. 13, 2012
U.S. output of Leaf set to begin, an e-Infiniti for 2014; Acura's temptress; black box privacy concerns; Indy embraces alternative fuels

Lamborghini will mark 50th anniversary with new model

Dec. 13, 2012 06:01 CET
Lamborghini is laying big plans for its 50th birthday celebration next year, including a new car. Lamborghini CEO Stephan Winkelmann said the automaker will unveil "a special car that will celebrate" the anniversary -- a one-off design.