Headlines for Tuesday, February 5, 2013

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GABE NELSON

Audi's next-gen LED headlights hit Washington speed bump

4:08 pm U.S. ET | Feb. 5, 2013
Audi got some laughs on Sunday when, during the Super Bowl blackout, the luxury brand's official Twitter account joked that it would bring some of its signature LED headlights to help illuminate the darkened Mercedes Benz-sponsored Superdome.

Volvo adds ex-GM Europe boss Forster to board

Feb. 5, 2013 12:35 CET
Carl-Peter Forster, the former head of GM Europe and Tata Motors, has joined the board of directors at Volvo Cars. Forster will serve as a non-executive board member at Volvo.

U.S. new car gas mileage at record high, study says

2:01 pm U.S. ET | Feb. 5, 2013
New cars and trucks sold in the United States in January will average 24.5 mpg, a record high, researchers at the University of Michigan said on Tuesday.

Chevrolet looks to GAZ to help it keep Russia lead

9:00 am U.S. ET | Feb. 5, 2013
General Motors is hoping its production alliance with Russia's GAZ Group will help Chevrolet remain the country's top-selling foreign brand.

VIDEO: First Shift: Toyota profit up 23%

12:01 am U.S. ET | Feb. 5, 2013
Weaker yen aids bottom line as legal fees hurt N.A.; Ford turbo underwhelms CR; half-time Corvette?; dealer's prison mission.

Toyota posts 23% rise in quarterly profit; lifts forecast

Feb. 5, 2013 09:40 CET
Helped by strong sales in the United States, its biggest market, and a weaker yen, Toyota reported a 23.5 percent year-on-year rise in quarterly net profit and raised its annual profit forecast by more than 10 percent.

Euro zone car markets likely to stabilize by mid-year, VDA says

Feb. 5, 2013 06:01 CET
The German automakers association, the VDA, expects euro zone car markets to stabilize in the middle of the year.

GM again trims Malibu, LaCrosse output to ease excess

3:08 pm U.S. ET | Feb. 5, 2013
GM has idled the main plant where it builds the Chevrolet Malibu and Buick LaCrosse for two weeks, the second time in two months that GM has curbed production of the sedans. GM will suspend work at its Fairfax plant in Kansas City, Kan., this week and next, resuming the week of Feb.

Toyota suppliers: Weaker yen means more price cuts unlikely

8:04 pm U.S. ET | Feb. 5, 2013
Toyota suppliers said they expect the automaker will refrain from asking them to cut prices as a weakening yen boosts profit.

Chrysler takes patriotic road with popular Super Bowl ads

10:48 am U.S. ET | Feb. 5, 2013
Chrysler was once again one of the big winners in the Super Bowl ad battle, scoring with a military-themed spot narrated by Oprah Winfrey and another highlighting farmers that underscored the automaker's attempts to rehabilitate its image by playing to viewers' patriotism.

Solid auto sales drive Sirius profits, revenue sharply higher

11:31 am U.S. ET | Feb. 5, 2013
Sirius XM Radio, helped by robust auto sales, posted higher fourth-quarter profits and revenue on Tuesday and its interim chief executive told Wall Street not to expect big changes at the satellite radio provider under his leadership.

Toyota lifts annual forecast on 23% rise in quarterly profit

3:40 am U.S. ET | Feb. 5, 2013
Helped by strong sales in the United States and a weaker yen, Toyota reported a 23.4 percent year-on-year rise in quarterly net profit and raised its annual profit forecast by more than 10 percent.

GM planning deals in China to reach 5 million sales goal, report says

4:14 pm U.S. ET | Feb. 5, 2013
The Chinese auto industry is overdue for consolidation and General Motors, with local partner SAIC, is interested in acquiring ailing automakers, people familiar with the companies’ thinking told Bloomberg.

VIDEO: AutoNews Now: Chasing Detroit's pickups

12:01 am U.S. ET | Feb. 5, 2013
With Tundra and new Titan on the way, Japan's pickups still face uphill battle; GM milestone in China; Carl Benz: Comic hero?

Chevy SS to debut in Daytona on Feb. 16

3:13 pm U.S. ET | Feb. 5, 2013
Chevrolet will unveil the production version of the SS performance sedan a week before the Daytona 500, a General Motors executive said today. Spectators can see the SS before the Sprint Unlimited race on Feb. 16 in Daytona International Speedway’s fan zone.

Ford, GM turbo engine benefits overstated, Consumers Reports says

7:34 am U.S. ET | Feb. 5, 2013
Consumer Reports said its tests of turbocharged cars from Ford and GM didn't support the companies' claims about fuel economy and performance provided by the powertrain technology.

Delphi posts lower Q4 results, but expects improved 2013 results

1:07 pm U.S. ET | Feb. 5, 2013
Parts supplier Delphi Automotive posted lower quarterly earnings and revenue in the fourth quarter, citing weakness in its European business, but forecast an increase in 2013 results.

PSA and Renault push on with restructuring moves

Feb. 5, 2013 18:28 CET
PSA won staff agreement for an early wind-down of its doomed Aulnay plant, as rival French carmaker Renault pressed unions to sign a new national labor deal.

Ford says 900 dealers will be EV-certified by spring

12:05 pm U.S. ET | Feb. 5, 2013
More than 900 dealers, about a third of the Ford-brand dealer body, will be certified to sell Ford-brand plug-in vehicles by spring, the company said today. That number of EV Certified Dealers has grown from about 200 dealers in November and is ahead of where the company projected it to be.

CAR CUTAWAY

NSK saves fuel and space in new VW Up

4:00 am U.S. ET | Feb. 5, 2013
NSK Steering Systems supplies its fuel-saving technology to the new Volkswagen Up. NSK developed the compact electric power assisted steering (EPAS) unit and fitted it to the Up's steering column to save space.

ZF to reduce size of board

Feb. 5, 2013 06:01 CET
German supplier ZF Friedrichshafen plans to streamline its leadership this year by reducing its management board to six members from eight and giving the remaining executives wider responsibilities.

PSA, Fiat, Opel, others at risk from LCV shake-up

Feb. 5, 2013 06:01 CET
Europe's light commercial vehicle sector is headed toward a major shake-up that is likely to put added financial pressure on struggling brands such as Peugeot, Citroen, Renault, Opel and Fiat.

Zetsche's next term turns on Mercedes passing BMW

Feb. 5, 2013 06:01 CET
Daimler's board is set to extend CEO Dieter Zetsche's contract by five years, handing him the chance to deliver on his goals or risk the Mercedes brand falling further behind its competitors.

Ally posts Q4 profit as U.S. vehicle sales increase

11:41 am U.S. ET | Feb. 5, 2013
Ally Financial, the biggest auto lender in the United States, swung to a fourth-quarter profit as more consumers went shopping for cars and trucks

Chevrolet looks to GAZ to help it keep Russia lead

Feb. 5, 2013 15:00 CET
GM is hoping its production alliance with Russia's GAZ Group will help Chevrolet remain the country's top-selling foreign brand. GAZ started making the Aveo sedan today and will begin assembling the hatchback variant in late March with a goal of producing 30,000 units of the subcompacts this year.

Bentley SUV approved by VW board, report says

Feb. 5, 2013 06:01 CET
Bentley's new SUV has been approved for production by parent Volkswagen, a German newspaper said.

Automotive News
Special Video Report
Smart use of phones, sales teams lift Wash. stores

Smart use of phones, sales teams lift Wash. stores

Sales employees at Ford and Hyundai of Kirkland have tapped smartphones to show how customers are “buying a relationship” with the group. Mon., May 4
» Watch the Video
     
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