Headlines for Thursday, February 7, 2013

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2013 CHICAGO AUTO SHOW

GM unveils Cruze diesel, its first diesel car since 1986

12:01 am U.S. ET | Feb. 7, 2013
Chevrolet today unveiled a clean-diesel Cruze small car that will get an estimated 42 mpg on the highway. The 2014 Cruze Clean Turbo Diesel will feature a 2.0-liter turbo engine and a torque rating approaching that of a Camaro.

JAMIE LaREAU

Penske predictable? Nope! Bring on affordable luxury, U.S. brands

4:32 pm U.S. ET | Feb. 7, 2013
Roger Penske likes inexpensive luxury cars and U.S. brands. That's both interesting and a surprise. Consider that Penske Automotive Group Inc.'

VIDEO: AutoNews Now: Tundra's time to shine

12:01 am U.S. ET | Feb. 7, 2013
Toyota's redesigned pickup debuts in Chicago; dealer group eyes U.S. brands; refreshed vehicles a key to retaining owners

Energy department launches program to promote EV charging at work

5:02 pm U.S. ET | Feb. 7, 2013
The U.S. Department of Energy, taking another step to help make electric vehicles more popular, has teamed up with automakers and several other companies to boost the number of office-based charging stations tenfold within the next five years.

VIDEO: First Shift: Self-driving by 2018?

12:01 am U.S. ET | Feb. 7, 2013
Google says cars are five years away, but U.S. says not so fast; Cruze diesel; Ram commercial van; Chrysler's captive lender.

PSA takes $5.53 billion in writedowns as auto sales plummet

Feb. 7, 2013 21:34 CET
PSA/Peugeot-Citroen took second-half writedowns of 4.13 billion euros ($5.53 billion), reflecting the falling value of assets as the region's auto sales sink a sixth straight year.

2013 CHICAGO AUTO SHOW

Chrysler back in commercial van market with Ram ProMaster

12:01 am U.S. ET | Feb. 7, 2013
Chrysler Group is driving back into the commercial van segment after a three-year absence with the introduction of the 2014 Ram ProMaster. The ProMaster is based on the Fiat Ducato van, which has been on sale in Europe for more than 30 years.

NICK BUNKLEY

Comics get last laughs with auto industry's Super Bowl ad blitz

3:45 pm U.S. ET | Feb. 7, 2013
Automakers dominated the commercial breaks during the Super Bowl, so they were prime targets for the inevitable parodies that have shown up on YouTube this week.

Automotive News Publisher Peter Brown sets April 30 retirement

10:05 am U.S. ET | Feb. 7, 2013
Peter Brown, publisher of Automotive News, has announced his retirement effective April 30.

2013 CHICAGO AUTO SHOW

Toyota renews assault on big pickup market with refreshed Tundra

10:30 am U.S. ET | Feb. 7, 2013
Toyota is making a fresh assault on the full-sized pickup market with a redesigned 2014 Tundra unveiled today at the Chicago Auto Show. The 2014 model, mechanically very similar to the outgoing Tundra, has undergone significant sheet metal and interior changes.

Continental watches eyeballs to limit distraction

Feb. 7, 2013 21:30 CET
Continental AG is developing a system -- dubbed the Driver Focus Vehicle -- that monitors the driver's eye movements, then warns if the driver is looking away from the road under hazardous conditions.

China auto industry unfair 'scapegoat' for toxic smog, trade group says

6:49 am U.S. ET | Feb. 7, 2013
China's auto association said the car industry has become a "scapegoat" for the toxic smog that engulfed Beijing in the past month and that coal-fired power plants should bear the main responsibility for the pollution.

Renault is confident a labor deal will be reached soon

Feb. 7, 2013 11:19 CET
Renault is confident it will reach a deal with unions next week to restructure the automaker's operations in France.

Renault's European fix in danger as Russian growth slows

Feb. 7, 2013 06:19 CET
Russia's car market is forecast to slow and possibly decline this year, ending a three-year streak of gains of more than 10 percent and damping market leader Renault's efforts to offset slumping demand in Europe.

Continental watches eyeballs to limit distraction

3:30 pm U.S. ET | Feb. 7, 2013
Continental AG is developing a system -- dubbed the Driver Focus Vehicle -- that monitors the driver's eye movements, then warns if the driver is looking away from the road under hazardous conditions.

A123 says unsecured creditors to get 65% of claims

2:28 pm U.S. ET | Feb. 7, 2013
Unsecured creditors of A123 Systems, a bankrupt maker of batteries for electric cars that had federal government backing, will likely collect around 65 cents for each dollar they are owed, according to court documents.

As auto parts empire falls, a money puzzle emerges

12:47 pm U.S. ET | Feb. 7, 2013
Revstone Industries Chairman George Hofmeister is watching his auto parts empire crumble even as automakers continue to do business with the organization. The company and its affiliates, which once posted $600 million in annual revenue, filed for Chapter 11 bankruptcy protection Dec.

EV charger maker rolls out program for dealers

9:15 am U.S. ET | Feb. 7, 2013
A new dealer program enables electrified vehicle customers to buy a car and residential charger in a single transaction.

2013 CHICAGO AUTO SHOW

Nissan looks to more performance offerings

11:30 am U.S. ET | Feb. 7, 2013
Nissan, seeking a bigger U.S. presence for vehicle sports packages, plans to expand its Nismo performance brand.

2013 CHICAGO AUTO SHOW

Nissan guns for Ford with small cargo van

11:30 am U.S. ET | Feb. 7, 2013
Nissan, tipping its hat to Ford for opening the U.S. market to small cargo vans, plans to pit its own small van against Ford’s Transit Connect.

Daimler sees flat 2013 profit after 10% fall last year

Feb. 7, 2013 09:19 CET
Daimler forecast unchanged 2013 profit as spending for new models and a revamp of the automaker's operations eat into earnings. The company said earnings fell 10 percent in 2012.

Daimler CEO Zetsche vows comeback with 13 new models

Feb. 7, 2013 16:04 CET
Daimler CEO Dieter Zetsche will roll out 13 new models with no predecessor in the next eight years to hep Mercedes retake the top spot in luxury-car sales by 2020.

2013 CHICAGO AUTO SHOW

Kia plans sporty, turbocharged Forte hatch

10:45 am U.S. ET | Feb. 7, 2013
Kia will add a 201-hp turbocharged engine in a new high-line trim to the five-door variant of its redesigned Forte compact when the hatchback arrives stateside in the third quarter.

2013 CHICAGO AUTO SHOW

Kia studies bigger crossover with Cross GT concept

10:45 am U.S. ET | Feb. 7, 2013
Kia's Cross GT concept revealed today at the Chicago auto show signals the brand's interest in offering a premium crossover larger than the Sorento.

PSA workers face threats from striking colleagues at doomed French plant

Feb. 7, 2013 14:28 CET
For workers on the assembly line at PSA's Aulnay plant near Paris, starting their shift has become a daily test of nerves.They face jeers and threats, as well as eggs and other objects hurled by striking colleagues protesting against the shutdown and PSA's restructuring plans

2013 GENEVA AUTO SHOW

Honda joins Toyota in targeting Europe's compact wagon market

Feb. 7, 2013 14:50 CET
Honda will unveil a concept for a station wagon version of its Civic hatchback at next month's Geneva auto show. A production version will go on sale early next year, marking Honda's return to the European compact station wagon market.

2013 GENEVA AUTO SHOW

BMW touts 3-series GT as sporty but practical car

Feb. 7, 2013 13:45 CET
BMW will debut the 3-series GT at next month's Geneva auto show. The company is promoting the car as a practical but sleek-looking variant of its 3-series lineup.

DOUGLAS A. BOLDUC

Zetsche: If Winterkorn can do it, so can I

12:01 am U.S. ET | Feb. 7, 2013
Dieter Zetsche plans to keep his double role as Daimler chairman and Mercedes CEO despite the different challenges facing the businesses.

VW workers receive 2% of voting rights from Piech's family holding

Feb. 7, 2013 06:01 CET
Volkswagen workers have had their influence boosted at Europe's largest carmaker after receiving 2 percent of VW's voting rights from the Piech-Porsche family.

Daimler sees flat 2013 profit after 10% fall last year

3:19 am U.S. ET | Feb. 7, 2013
Daimler forecast unchanged 2013 profit as spending for new models and a revamp of the automaker's operations eat into earnings. The company said earnings fell 10 percent in 2012.

VW falls, Hyundai rises in innovation ranking

Feb. 7, 2013 06:01 CET
The VW brand fell badly in a new ranking of innovative companies, dropping to 45th overall from 15th in 2010, the last time senior executives were polled. Hyundai and Toyota came out on top among automakers.

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