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Monday, April 23, 2012

DAILY: Fifth supplier agrees to plead guilty in U.S. price-fixing probe | GM to bulk up engineering resources in Pan-Asia region | Ohio's Germain Motor acquires Michigan's Howard Cooper

DAILY NEWSLETTER April 23, 2012
 
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Fifth supplier agrees to plead guilty in U.S. price-fixing probe
DETROIT -- A fifth Asian component supplier has agreed to plead guilty to felony charges as part of an ongoing price fixing investigation by the U.S. Department of Justice.
Fujikura Ltd., of Tokyo, has agreed to enter a guilty plea in U.S. District ...
>> story  Published: Apr 23 4:10 pm U.S. Eastern time
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2012 BEIJING AUTO SHOW
GM to bulk up engineering resources in Pan-Asia region, Akerson says
image BEIJING -- General Motors will add resources in its Pan-Asia Technical Automotive Center over the next four years as it develops more vehicles globally, GM CEO Dan Akerson said today.
GM plans to design and engineer 100 additional vehicles in its ...
>> story  Published: Apr 23 9:03 am U.S. Eastern time / UPDATED: 4/23/12 4:01 pm ET

Ohio's Germain Motor acquires Michigan's Howard Cooper
DETROIT -- Dealership group Germain Motor Co., has acquired Howard Cooper Import Center in Ann Arbor, Mich.
Financial terms of the deal were not disclosed.
Howard Cooper, head of Howard Cooper Import Center, ...
>> story  Published: Apr 23 3:09 pm U.S. Eastern time
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  • Price Daily change 52-week high / low
    General Motors 22.95 -2.75% 33.47 / 19.00
    Ford 11.35 -0.53% 16.18 / 9.05
    Top Performers Price Daily change 52-week high / low
    Asbury 26.35 -0.30% 28.90 / 14.96
    AutoNation 33.60 -0.41% 41.55 / 30.46
    Honda* 35.00 -0.46% 41.23 / 27.52
    Ford 11.35 -0.53% 16.18 / 9.05
    BorgWarner 80.06 -0.66% 87.45 / 54.59
    Bottom Performers Price Daily change 52-week high / low
    Sonic 16.97 -5.35% 19.05 / 10.11
    Tower International 10.75 -4.36% 18.33 / 9.45
    BMW* 29.42 -3.73% 35.30 / 19.13
    Tesla 31.94 -3.68% 39.95 / 21.50
    Lithia 24.98 -3.37% 27.51 / 13.57
    You are receiving the free registrant version of our newsletter. If you would like a more comprehensive version, purchase a subscription to Automotive News. If you are already a subscriber, please contact subs@crain.com to get the full version of our newsletter.
    image PHOTO GALLERY
    Bentley GTC
    The GTC continues to be powered by 6.0-liter twin-turbocharged W12 engine producing 567 hp and 516 lb-ft of torque. The car gets a wider track, with sharper steering and a retuned suspension. Additionally, the all-wheel-drive system has been reworked with a 40:60 front-rear bias, as opposed to last year's 50:50 split. Bentley says this will reduce understeer during hard cornering. >> Photo Gallery 
    image PHOTO GALLERY
    Nissan Sylphy
    Nissan's Sylphy is the Asian market version of the Sentra. Nissan says it is similar to the 2013 Sentra SR, due this fall in the U.S. market. The 2013 Altima will go on sale this summer, followed by the 2013 Pathfinder and Sentra. Two more unnamed models will launch in 2013. >> Photo Gallery 
    image PHOTO GALLERY
    Fiat Viaggio
    Fiat's Viaggio is a new compact sedan for the Chinese market that uses the same platform at the Dodge Dart. The Viaggio (Italian for "journey") is a reworked version of the Dart, which is based on the Alfa Romeo Giulietta. The Viaggio has different front and rear ends from the Dart and smaller headlights, separated from a sleeker, smaller grille. In the Dart, bigger headlights extend into a much taller grille. >> Photo Gallery 



    KEITH CRAIN
    Brake-throttle override? This is nuts
    image The National Highway Traffic Safety Administration is proposing a mandate for a system that would enable a driver to override the throttle in the event of unintended acceleration.
    NHTSA says such a system could be added without much cost or difficulty because most 2012 model vehicles already will have brake-throttle overrides.
    But it still likely would cost American consumers millions of dollars.
    NHTSA has said more than 100 people have been killed by unintended acceleration, but to the best of my knowledge, there have been few cases in which a flaw in the vehicle -- not driver error -- was proved to have ...
    >> Read the column  Published: Apr 23 12:01 am U.S. Eastern time


    JAMES B. TREECE
    Voluntary export restraints are back; they didn't work the last time
    imageRemember the so-called voluntary export restraints?
    They're back, but with new players. And once again, U.S. and other automakers and suppliers should ponder what unintended consequences will arise.
    The United States negotiated a -- ahem -- voluntary agreement with Japan as a way to hold down exports from Japan in the late 1970s and during most of the 1980s. The agreement may have held down Japanese market-share gains temporarily, but it was hardly a successful barrier to Japanese cars here.
    The consequences -- mostly unintended -- were a rise in exports of higher-priced Japanese vehicles to the United States ...
    >> Read the column  Published: Apr 23 12:01 am U.S. Eastern time


    BRADFORD WERNLE
    Fusion wagon? In Europe, yes, but not here
    image A reader wrote us a hopeful note last week, saying he recently had spotted what appeared to be a station wagon version of the 2013 Ford Fusion being driven in suburban Detroit.
    He wondered whether Ford would sell a wagon version of the Fusion in America.
    The answer is a firm "No."
    What the reader probably saw was a prototype of the Mondeo, the European version of the Fusion. Under CEO Alan Mulally's One Ford global product development system, much of the development work on the Mondeo and the Fusion has taken place on this side of the Atlantic Ocean. The Fusion goes on sale this summer, and the ...
    >> Read the column  Published: Apr 23 12:01 am U.S. Eastern time

    Blog  
    Richard Johnson is managing editor of Automotive News
    The big and little dilemmas facing Mercedes
    Mercedes-Benz sells extended-length versions of its S-class and E-class sedans in China to give back seat passengers space to stretch out and maybe do some work while riding in one of Beijing's miserable traffic jams. ... arrow Read the blog  Published: Apr 23 7:15 am U.S. Eastern time
    Blog  
    David Sedgwick is a Senior Writer for Automotive News
    Audi reinvents itself in China's luxury market
    GM may be China's biggest foreign automaker, but Volkswagen AG dominates the Beijing auto show. At the convention center, the German automaker filled an entire building with various models of its own brands. Each of Volkswagen's brands attracted a crowd, and the biggest draw appeared to be Lamborghini's controversial Urus concept SUV. ... arrow Read the blog  Published: Apr 23 12:01 pm U.S. Eastern time
    Blog  
    Richard Johnson is managing editor of Automotive News
    Hyundai hits pause as China market cools
    Notwithstanding those big announcements by Volkswagen and Ford about building new plants, the sense of urgency in China may have subsided just a tad since the Shanghai auto show a year ago. ... arrow Read the blog  Published: Apr 23 7:42 am U.S. Eastern time
    Blog  
    Hans Greimel is Asia editor for Automotive News
    Honda wants Chinese tastes to flavor global designs
    Honda wants Chinese tastes in cars to add more flavor to its global lineup. At the Beijing auto show, CEO Takanobu Ito unveiled two new concept cars, one of which will be manufactured and sold first in China before being introduced worldwide. ... arrow Read the blog  Published: Apr 23 7:28 am U.S. Eastern time
    Blog  
    Luca Ciferri is chief correspondent at Automotive News Europe
    Fiat, Marchionne aim for fresh start in China with Viaggio
    Fiat is late to China, but it is ready for a new start with a new partner, Fiat-Chrysler CEO Sergio Marchionne said on the sidelines of the Beijing auto show on Monday. ... arrow Read the blog  Published: Apr 23 9:48 am U.S. Eastern time
    Blog  
    Jason Stein is editor of Automotive News
    VW paints Beijing media blue
    If there was any doubt about which car company wanted to make the first -- and perhaps biggest environmental -- splash in China, no need to look beyond the hotel room door in Beijing Sunday morning. ... arrow Read the blog  Published: Apr 22 10:57 am U.S. Eastern time
    Blog  
    Hans Greimel is Asia editor for Automotive News
    Toyota teases new styling at Beijing auto show
    Toyota unveiled a trio of concept cars at the Beijing show that tease a future front nose and grille styling that is arrow-like and sleek. The concepts all take the pointy-nosed looks of the NS4 concept, which debuted at the Detroit auto show in January, one step further. ... arrow Read the blog  Published: Apr 22 10:54 pm U.S. Eastern time
    Blog  
    Douglas A. Bolduc is managing editor at Automotive News Europe.
    Fiat 500 gains fans and sales in the U.S.
    Maybe it is because of its fun ads or because its design sets it apart in the land of beefy pickups, sedans and SUVs. Whatever the reason, the Fiat 500 is generating more smiles in the United States than an ice cream truck on a hot summer day. ... arrow Read the blog  Published: Apr 21 12:01 am U.S. Eastern time
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