Headlines for Tuesday, November 12, 2013

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N.A. auto industry to see big supply chain bottleneck within 5 years, study warns

Within five years, the industry will be almost $6 billion short of tooling capacity -- the ability to make the machines and molds automakers and their suppliers use to build auto parts -- according to a new study from Harbour Results. Read More »

Average fuel economy on U.S. vehicles rose in October, report says

The average fuel economy of new trucks, cars, SUVs and vans sold in the United States during October rose 0.2 mpg from September, to 24.8 mpg, according to a monthly report from the University of Michigan Transportation Research Institute. Read More »

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AutoNews Now: Dealerships and paychecks

F&I workers seeing the best income growth, NADA study finds; tooling strain could crimp N.A. production; Clooney's Tesla gripe. Read More »

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CFPB chief concedes need for balance in auto-loan oversight

Richard Cordray, director of the Consumer Financial Protection Bureau, said he wants more “openness and transparency” for the agency's oversight of auto lending, but added that the agency still has strong concerns about how dealerships arrange loans. Read More »

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JESSE SNYDER:

Like dad, Mel Parekh is turning around a GM store

At 38, dealer Mel Parekh is rescuing his second store. But in a way, Princeton Chevrolet in New Jersey is his fourth turnaround. Read More »

Tesla's Musk says there 'definitely' won't be recall of Model S

Tesla CEO Elon Musk said there ''definitely'' won't be a recall of the company's Model S sedan as the electric-car maker waits to see if U.S. regulators investigate crash-related fires involving the vehicle. Read More »

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First Shift: Keeping Subaru's momentum

Plan to upgrade service, keep conquest buyers; Nissan exec moves to VW; Mazda tech demo goes wrong; strong steel future? Read More »

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Tesla's Musk says there 'definitely' won't be recall of Model S

Tesla CEO Elon Musk said "there definitely won’t be a recall" of the company’s Model S sedan as the electric-car maker waits to see if federal regulators investigate crash-related fires involving the vehicle. Read More »

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Nissan's new Mexico plant ready to unleash small cars

Train cars are standing by to begin shipping Sentras to dealers in the United States from Nissan's newest assembly plant, which opens today in Aguascalientes, Mexico. Read More »

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Dealers pay more, keep employees longer, study says

Dealers experienced less employee turnover and hired more woman and young people in 2012. Read More »

Group 1 buys 3 Texas stores from Moritz

Group 1 Automotive Inc. said today that it has purchased three dealerships in Arlington, Texas. Read More »

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Chrysler mimics human lung to broaden CNG use

Chrysler says it has developed a tank to store compressed natural gas that mimics human lungs and will allow the cheaper fuel source to more easily be used in automobiles. Read More »

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CAR CUTAWAY:

Faurecia, Plastic Omnium cut weight, emissions in new Citroen C4 Picasso

With help from Faurecia, the new C4 Picasso is the first Citroen model that meets Euro 6 emission standards for diesel cars. Read More »

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TOKYO AUTO SHOW PREVIEW:

Japanese brands to embrace the small, the sporty and the futuristic

Japan's automakers will go futuristic and local at the Tokyo auto show, combining the far-out concept cars the show has been famous for alongside the Japan-only 660cc minicars -- some of which are delightfully sporty -- that represent a third of the home market. Read More »

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Q&A:

Toyota is ready to go on the offensive again

President Akio Toyoda says Toyota is finally ready to go on the offensive again after being hobbled in recent years by the global financial meltdown, vehicle recalls and Japan's earthquake. Read More »

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VW brand sales rise 2% in October on China demand

Volkswagen said global sales of its core brand rose 2 percent in October as falling demand in Europe and the United States was offset by strong gains in China. Read More »

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VW brand sales rise 2% in October on China demand

Volkswagen said global sales of its core brand rose 2 percent in October as falling demand in Europe and the United States was offset by strong gains in China. Read More »

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Subaru boss: Upgrade dealer service to keep conquests

Subaru boss Yasuyuki Yoshinaga, worried that customer service is being swamped by the brand's sales boom, is pushing U.S. dealers to upgrade to keep new conquest buyers loyal. Read More »

UK's Ricardo to help China's JAC develop downsized gasoline engine

UK engineering firm Ricardo says it will provide thermal system engineering to help China's JAC develop a downsized gasoline engine for a passenger vehicle the Chinese company plans to develop. Read More »

Italy's Brembo says third-quarter profit rose 50%

Italian supplier Brembo said its net profit rose 50 percent in the third quarter, boosted by growth in Germany, the United States, France and the United Kingdom. Read More »

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Cayenne propels Porsche to 21% sales gain in China

Porsche deliveries in China rose nearly 21 percent last month, helped by robust demand for the brand's Cayenne SUV. Read More »

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YANG JIAN:

How Dongfeng can protect a risky investment in PSA

Dongfeng is being very cautious about a proposal to buy a stake in its joint-venture partner, PSA -- and rightly so. PSA would like to have Dongfeng's money, but won't be so happy to share technology. Read More »

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AUTOMOTIVE NEWS EUROPE E-MAGAZINE:

Europe's dealers focus on used cars, aftersales to survive slump

Europe's leading independent dealer groups have turned their focus to selling more used cars and making more money from aftersales to survive the region's new-car sales slump. Read More »

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Dealer Bob Shuman pinches pennies, does 'stupid' ads, wins high ratings

Dealer Bob Shuman pinches pennies, does 'stupid' ads, wins high ratings

Bob Shuman writes his own 'stupid' radio ads touting transparency and commission-free sales to draw customers to his no-frills Chrysler-Dodge-Jeep-Ram store in Walled Lake, Mich. Mon., March 24
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