Headlines for Friday, June 21, 2013

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ACEA appoints new top official

June 21, 2013 11:45 CET
ACEA, the European automakers lobby group, named former Proctor & Gamble executive Erik Jonnaert as its secretary general to succeed Ivan Hodac

Chevrolet Europe boss Docherty steps down

June 21, 2013 16:29 CET
Susan Docherty, who leads Chevrolet and Cadillac sales in Europe, is leaving GM after 27 years to chart a "new course for her career and spend more time with her family.

VW promotes Hackenberg to lead VW and Audi development

June 21, 2013 06:01 CET
VW promoted Ulrich Hackenberg to head of technical development for all VW Group brands, including Audi where he replaces Wolfgang Duerheimer. Hackenberg has led development of the group's modular platforms.

VIDEO: First Shift: Sergio's secret Jeep accord

12:01 am U.S. ET | June 21, 2013
Marchionne airport meeting with U.S. officials sparked deal, report says; Tesla, Nissan battery-swap schemes; self-parking Volvo.

VIDEO: AutoNews Now: Acura's crash-minded design

12:01 am U.S. ET | June 21, 2013
MDX engineered to pass insurance group's tough new test; Susan Docherty to leave GM; Lapham bids farewell.

Detroit officials deny prized car trove is at risk with bankruptcy

12:41 pm U.S. ET | June 21, 2013
A Detroit official has dismissed as "lots of wild speculation" reports that Emergency Manager Kevyn Orr is considering the sale of the city's little-known collection of classic cars.

New York lawmakers set aside dealer bill fought by Tesla

4:08 pm U.S. ET | June 21, 2013
New York's Assembly set aside a bill that Tesla Motors had said would shut down its operations in the state. The lower chamber adjourned its legislative session late Friday without acting on the measure. Lawmakers in the Assembly aren't scheduled to reconvene until January.

Hyundai's Krafcik: Nissan price cuts put industry on edge

5:49 pm U.S. ET | June 21, 2013
Automakers are scrutinizing Nissan's move to cut prices on its cars and trucks in the United States as a test of whether the auto industry can avoid a price war, the head of Hyundai's U.S. unit said.

Opel-Buick link to grow stronger

June 21, 2013 06:01 CET
General Motors' Buick brand, which is sold in the U.S. and China, has taken on a decidedly European flavor in the past three years.

CarMax adds four new store locations to plans

4:00 pm U.S. ET | June 21, 2013
CarMax, the nation's largest used-vehicle retailer, said today that it will open four new stores in New York, Alabama, Pennsylvania, and Washington state, during March-May 2014.


Toyota showcases UK car production on Twitter

2:55 pm U.S. ET | June 21, 2013
The vehicle production process takes place every day within the "enclosed box" of auto plants, but most people rarely get to see it, said Scott Brownlee, head of social media at Toyota Great Britain. So Toyota decided to crack the box open in front of the world Wednesday on Twitter.

Fiat can triple its Chrysler dividend after refinancing, report says

2:35 pm U.S. ET | June 21, 2013
Fiat stands to earn three times as much from a Chrysler Group dividend this year after the American carmaker refinanced debt and changed the terms attached to the funding, people familiar with the matter told Bloomberg.

Lending bias guidelines 'unrealistic,' Republicans tell CFPB

2:22 pm U.S. ET | June 21, 2013
Auto lending reforms sought by the Consumer Financial Protection Bureau could hurt consumers, congressional Republicans warned today.

Marchionne, regulators cut recall deal in private meeting

2:10 pm U.S. ET | June 21, 2013
Fiat-Chrysler CEO Sergio Marchionne, Transportation Secretary Ray LaHood and National Highway Traffic Safety Administration chief David Strickland met in Chicago June 9 to discuss the automaker’s allegedly dangerous Jeep SUVs, a Detroit newspaper reported today.

Cooper Tire sued by investor over Apollo takeover

1:53 pm U.S. ET | June 21, 2013
A Cooper Tire & Rubber investor sued to block the company’s $2.5 billion takeover by Apollo Tyres, saying the offer of $35 a share is too low.


Lithium ion batteries pose transport challenges

12:01 am U.S. ET | June 21, 2013
The fragility -- and dangers -- of lithium ion batteries for electric cars came up again at the recent Automotive News Europe Congress in Paris when DHL's head of automotive logistics pointed out the difficulties of transporting them.

CarMax 1Q profit rises 21% on higher sales, finance income

1:33 pm U.S. ET | June 21, 2013
CarMax, the nation’s largest used-vehicle retailer, reported net profit in the March-May quarter rose 21 percent to $146.7 million, as used-car unit sales and finance income rose.

Colo. dealers near fire say sales recovery will take time

1:06 pm U.S. ET | June 21, 2013
Freedom Honda in Colorado Springs has rarely known normal. Since it opened in October 2011, the dealership has experienced two massive wildfires. While the dealership itself wasn't harmed, the community was devastated.

GM marketing executive Docherty to retire Sept. 30

10:29 am U.S. ET | June 21, 2013
Susan Docherty, the former marketing chief for General Motors in the United States who now leads Chevrolet and Cadillac sales in Europe, will retire on Sept. 30. Docherty, 50, is leaving to spend more time with her family, GM said in a statement today.

June U.S. sales projected to hit highest rate since late 2007

11:22 am U.S. ET | June 21, 2013
The summer selling season is getting off to its strongest start since 2007, with June's selling rate expected to reach 15.7 million, forecaster LMC Automotive said today. LMC estimated sales this month will increase 8 percent from a year ago to 1.4 million units.

Tesla to have battery quick-swap by end of year

9:56 am U.S. ET | June 21, 2013
Tesla Motors will have battery quick-swap bays at many of its supercharging stations nationwide. The first quick-swap stations will be online in the fourth quarter of this year, and allow changing of battery packs in 90 seconds.

Bosch forms battery JV with Mitsubishi, GS Yuasa

June 21, 2013 06:01 CET
German industrial group Robert Bosch said it has agreed to work on automotive lithium ion battery development with Mitsubishi and Japanese battery maker GS Yuasa International.

BMW, Mercedes, VW seek used-car sales as Germany slumps

June 21, 2013 06:01 CET
BMW, Mercedes and Volkswagen are all pushing sales of used cars as demand for new models in Germany slumps as consumers stay out of showrooms.

Europe plant capacity crisis to extend to 2016

June 21, 2013 06:01 CET
Europe's worsening car factory overcapacity is not expected to improve for at least another three years, according to IHS Automotive. To deal with the problem automakers have been closing plants or making radical changes to fill capacity in Europe.

​Mercedes plans bigger, flashier C class

June 21, 2013 06:01 CET
A bigger and roomier fourth-generation Mercedes-Benz C class will have a more dynamic exterior styling to challenge the BMW 3 series and the redesigned Audi A4 also due next year