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Tuesday, October 30, 2012

DAILY: East Coast dealerships assess hurricane damage | Tokai Rika pleads guilty in price-fixing probe | Marchionne proposed pan-European combination of Fiat, Opel, Peugeot

DAILY NEWSLETTER October 30, 2012
 
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East Coast dealerships assess damages after hurricane strikes
image Hurricane Sandy, the largest tropical storm the Atlantic has ever seen, hit southern New Jersey Monday evening, affecting sales and damaging inventory at dealerships there, as well as other East... ... >> story  Published: Oct 30 1:58 pm U.S. Eastern time / UPDATED: 10/30/12 4:04 pm ET - story updated throughout
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Japan's Tokai Rika pleads guilty in supplier price-fixing investigation
Japan's Tokai Rika becomes the 9th company to plead guilty in a Department of Justice crackdown on auto supplier price fixing -- and the first to be accused of actively destroying evidence once the federal investigation began. ... >> story  Published: Oct 30 12:33 pm U.S. Eastern time

Marchionne proposed pan-European combination of Fiat, Opel, Peugeot
imageFiat CEO Sergio Marchionne approached PSA Peugeot Citroen and GM earlier this month about a pan-European combination that would leapfrog Volkswagen AG as the region's largest automaker, three people familiar with the matter said. ... >> story  Published: Oct 30 11:04 am U.S. Eastern time / UPDATED: 10/30/12 3:59 pm ET - adds Marchionne comment


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 MORE HEADLINES

arrowFiat forecasts prolonged European slump as regional quarterly losses grow
 
arrowFord posts Q3 net of $1.63 billion; record N.A. profits offset European losses
 
arrowObama campaign to respond to Romney's Ohio Jeep ad
 
arrowReynolds and Reynolds explores $5 billion sale to private equity, report says
 
arrowGM Canada production returns to normal as Lear strike ends
 
arrowHyundai: Dual-clutch transmissions match us better than CVTs
 
arrowGhosn: U.S. fiscal cliff a 'big gorilla' chilling sales growth
 
arrowHyundai expands Veloster lineup
 
arrowGM, Ford say sales will be pinched
 
arrowSandy to cost luxury-car dealers needing northeast U.S. sales
 
arrowA123 Systems asks for OK of $50 million interim loan from China's Wanxiang
 
arrowJohnson Controls reports narrow loss on one-time charges
 
arrowTRW's Q3 profit rises on higher production in North America
 
 
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James B. Treece is industry editor for Automotive News
Mercedes, BMW, and the once-despised Detroit Pistons
Automakers are using new technologies to reduce the number of gas guzzlers on the road. And in case you've forgotten, “gas guzzler” is not just a generic slap at cars that get lousy mileage. It's very nearly a legal term. ... arrow Read the blog  Published: Oct 30 2:26 pm U.S. Eastern time
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Toyota aims sleeker Avalon at younger buyers
MARK RECHTIN: The moribund full-sized sedan segment gets a shot in the arm with the arrival of the redesigned 2013 Toyota Avalon in early December. The new version of the Avalon, built in the United States, has a sleeker silhouette and a more dynamic front fascia than its staid forerunner. A hybrid version gets 40 mpg. ... arrow Read the blog  Published: Oct 30 6:00 am U.S. Eastern time / UPDATED: 10/30/12 2:57 pm ET - adds pricing announcement
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