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Monday, January 30, 2012

DAILY: Auto hacking seen as growing risk with electronics frenzy | Dealers want Saab N.A. placed into Chapter 11 bankruptcy | Yazaki to pay $470M U.S. fine, Denso $78M, for bid-rigging

DAILY NEWSLETTER January 30, 2012
 
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Auto hacking seen as growing risk with electronics frenzy
image WASHINGTON (Bloomberg) -- Drivers can talk with each other via Bluetooth phone connections, ask their cars for directions and dial up satellite radio. The same cars use electronic components to signal the gas pedal to accelerate and control stability.
>> story  Published: Jan 30 10:21 am U.S. Eastern time
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Dealers want Saab North America placed into Chapter 11 bankruptcy
image DETROIT -- A group of 41 Saab U.S. dealers today asked a U.S. Bankruptcy Court to place Saab Cars North America into Chapter 11 bankruptcy protection.
The lawyer representing Saab's U.S. dealers submitted the involuntary Chapter 11 petition in U.S. ...
>> story  Published: Jan 30 12:49 pm U.S. Eastern time / Last changed: 1/30/12 2:13 p.m. ET

Denso, Yazaki to plead guilty in supplier bid-rigging case, U.S. says
Yazaki to pay $470 million fine, Denso $78 million; 4 executives from Yazaki to serve prison time
Yazaki Corp. and Denso Corp., two of Japan's largest auto-parts suppliers, have agreed to plead guilty in a widening multicontinent bid-rigging case, the U.S. Department of Justice said today.
Yazaki and Denso will pay a combined total of $548 ...
>> story  Published: Jan 30 1:35 pm U.S. Eastern time / Last changed: 1/30/12 4:00 p.m. ET
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    KEITH CRAIN
    How good is your dealership?
    image Automotive News is embarking on a project that will be fascinating and exciting for a lot of auto dealers.
    We have created a program that will recognize the automobile dealerships across the country that are the best places to work.
    In the last few years, automobile dealerships have been encouraged and sometimes forced to spend hundreds of thousands -- or millions -- of dollars on facilities and facades.
    I'm convinced that although a clean, modern dealership is important, it's far more important to have the best people. As in all industries, it's the people that make for a great business.
    The ...
    >> Read the column  Published: Jan 30 12:01 am U.S. Eastern time


    YANG JIAN
    How Ford, Mazda got tangled in China's regulatory web
    imageSHANGHAI -- A four-day workers' strike at an obscure state-owned Chinese automaker may sidetrack a bid by Ford and Mazda to reorganize their joint venture with Chongqing Changan Automobile Co.
    The work stoppage does not involve any Ford plants or operations. Yet it shows how China's new limits on foreign automotive investment -- aimed at newcomers to China -- could hobble established players, too.
    The dispute began when workers at microvan maker Jiangxi Changhe Automobile Co. went on strike to protest a proposed consolidation by Changhe's corporate parent, Chongqing Changan Automobile Co.
    In 2009, China's ...
    >> Read the column  Published: Jan 30 12:01 am U.S. Eastern time


    RICK KRANZ
    Why Lincoln can be a luxury player without rwd
    image Have enthusiast magazines brainwashed luxury-car buyers?
    For decades buyers have been reminded repeatedly that a true prestige-class car is defined by a rear-wheel-drive configuration. That means BMW and Mercedes-Benz, of course. Pretty much all marques that rely on front-wheel-drive vehicles have been cast as luxury-brand wannabes.
    Let's set the record straight: The world is changing and luxury credibility will no longer be defined by where the tires are applying power.
    Fwd vs. rwd? That debate is so 20th century.
    Over the past 18 months, I've heard and read criticism about Ford Motor Co.'s strategy for ...
    >> Read the column  Published: Jan 30 12:01 am U.S. Eastern time


     OBITUARIES
     Obituary
    Information about Lou Grubb, a longtime auto dealer in Phoenix. >> story  Published: Jan 30 12:01 am U.S. Eastern time

    Wintertime test drives chill dealer's hopes for EV sales
    BlogRICK KRANZ: Pity the poor Midwestern Chevrolet dealer trying to sell a Volt. Ditto for Nissan dealers with Leafs on their lots. ... arrow Read the blog  Published: Jan 30 3:42 pm U.S. Eastern time
    Hans Greimel is Asia editor for Automotive News.
    Toyota’s 'lifetime employment' takes hit with Australian layoffs
    BlogOne of the central myths to Toyota’s way of business -- indeed most Japanese automakers’ public image -- is the idea of lifetime employment. ... arrow Read the blog  Published: Jan 30 9:56 am U.S. Eastern time
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