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Wednesday, June 06, 2012

DAILY: Autoliv agrees to pay $14.5M fine | Tesla sees 20,000 sales in 2013 | Honda says Fit EV gets 118 mpg equivalency rating from EPA

DAILY NEWSLETTER June 6, 2012
 
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Autoliv to plead guilty as U.S. price-fixing probe expands to safety suppliers
Swedish parts maker agrees to pay $14.5M fine
Swedish supplier Autoliv has agreed to plead guilty in a widening auto parts price-fixing investigation, the federal Department of Justice announced today. Autoliv also has agreed to pay a $14. ... >> story  Published: Jun 6 10:20 am U.S. Eastern time / UPDATED: 6/6/12 2:07 pm ET - more details added
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Tesla sees 20,000 sales in 2013
image Tesla Motors can generate positive cash flow with an annual order base of just 8,000 units, and the electric-vehicle maker is “highly confident” of reaching sales of 20,000 vehicles in 2013, CEO Elon Musk told shareholders today. ... >> story  Published: Jun 6 3:12 pm U.S. Eastern time

Honda says Fit EV gets 118 mpg equivalency rating from EPA
imageThe Honda Fit EV has been given a 118-mile-per-gallon equivalency rating by the Environmental Protection Agency, the highest rating of any electric passenger car to date. ... >> story  Published: Jun 6 6:34 am U.S. Eastern time
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    JOHN K. TEAHEN, JR.
    Name the Top 10 in the auto sales game
    image In this sports-mad nation, we are obsessed with rankings. If your college football or basketball team is in the Top 10, you know it's one of the country's elite squads. ... >> Read the column  Published: Jun 6 12:01 am U.S. Eastern time

    Blog  
    Douglas A. Bolduc is managing editor at Automotive News Europe.
    Saab's heart still beats
    Saab is not producing cars any more but it hasn't abandoned its estimated 1.5 million customers. The company's parts and service arm, Saab Automobile Parts AB, continued its expansion this week by opening a North American subsidiary to serve an estimated 500,000 Saab owners in United States and Canada. That's the largest concentration of Saab owners anywhere. ... arrow Read the blog  Published: Jun 6 12:01 am U.S. Eastern time
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    Jim Henry is a special correspondent for Automotive News
    When will subprime season peak?
    Here's a possible wet blanket on the comeback in subprime loans, at least in the short run: The peak season for subprime loans is usually over once tax-return season ends. ... arrow Read the blog  Published: Jun 6 12:01 am U.S. Eastern time
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