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Monday, March 19, 2012

DAILY: TrueCar creates industry-relations post to improve dealer ties | U.S. imposes duties on steel wheels from China | Mitsubishi to hike U.S. output amid export drive

DAILY NEWSLETTER March 19, 2012
 
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TrueCar creates industry-relations post to smooth dealer ties
image TrueCar Inc. is turning to Pat Watson, former chief of the South Carolina Automobile Dealers Association, to try to repair relations with dealers nationwide.
TrueCar, an online vehicle shopping network and sales lead generator, has added the ...
>> story  Published: Mar 19 1:45 pm U.S. Eastern time
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U.S. sets duties on steel wheels from China
WASHINGTON (Reuters) - The United States on Monday set large punitive duties on imports of steel wheels from China that it said were unfairly priced and subsidized, in the latest sign of trade tension between the world's two biggest economies.
The ...
>> story  Published: Mar 19 2:16 pm U.S. Eastern time

GM CEO awaded $2 million in restricted shares
imageDETROIT (Reuters) -- General Motors awarded CEO Dan Akerson nearly $2 million in restricted shares that will fully vest if he stays at the company for three more years.
Akerson received 76,249 restricted stock units last week as part of GM's long- ...
>> story  Published: Mar 19 3:53 pm U.S. Eastern time
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    KEITH CRAIN
    Quick: What's the make of that SUV?
    image No one has ever accused me of being nearsighted, but I am more and more surprised that the auto companies continue to try and mask their identity.
    I noticed it again during the Geneva motor show.
    For a while, some people would remove the model badges from their cars so they didn't look too prosperous. It was particularly noticeable on Mercedes and BMW cars. Sometimes, it happened the other way around: New owners would exchange their model badges for those of other, more expensive models.
    But now it can be nearly impossible to identify the make of an automobile quickly and easily.
    When I was growing up, I ...
    >> Read the column  Published: Mar 19 12:01 am U.S. Eastern time


    CHRISTINA ROGERS
    VW bucks trend, thinks big (as in SUV big) for U.S. model lineup
    imageWith gasoline prices threatening to rise even higher, many automakers are rushing to add small cars to their U.S. lineups.
    Not Volkswagen.
    Sure, VW has what it takes to stock its dealerships with smaller offerings. It has a robust lineup of compacts, subcompacts and even minicars it sells overseas, where fuel is even more expensive. Many were on display this month at the Geneva auto show, where pint-sized cars like the VW Polo and Up! stood front and center at the automaker's display.
    But VW has other plans for the United States.
    It's thinking big -- SUV big.
    "When you're building a ...
    >> Read the column  Published: Mar 19 12:01 am U.S. Eastern time

    Ryan Beene is a Los Angeles-based reporter for Automotive News.
    A Saudi ingredient in Coda's EV melting pot
    BlogCoda Automotive -- the startup maker of electric vehicles assembled in California from vehicle bodies and powertrains made in China based on an old Mitsubishi platform -- has added a Saudi Arabian investment firm to its roster of stakeholders. ... arrow Read the blog  Published: Mar 18 12:37 am U.S. Eastern time
    Christina Rogers covers VW and regulatory/legislative issues for Automotive News.
    Alliance aims to boost election-year clout with PAC
    BlogThe Alliance of Automobile Manufacturers is bulking up on political muscle just in time for the 2012 general election. The trade group, which represents 12 automakers including the Detroit 3, Volkswagen and Toyota, is setting up a political action committee, spokeswoman Gloria Bergquist said. ... arrow Read the blog  Published: Mar 17 12:01 am U.S. Eastern time
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