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Wednesday, January 09, 2013

DAILY: Chrysler sees UAW trust pushing for possible IPO | Jack Teahen -- cornerstone of Automotive News -- dies at 87 | Toyota leads U.S. recalls for 3rd time in 4 years

 
 Automotive News Daily Newsletter  
DAILY NEWSLETTERJanuary 9, 2013
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Today's Headlines

Chrysler sees UAW trust pushing for possible IPO
image Chrysler Group said its minority shareholder demanded a registration for its holdings in a step toward a possible public stock offering. Chrysler, majority owned by Fiat SpA, will comply with the demand by the UAW Retiree Medical Benefits Trust, which owns 41.5 percent of the automaker, according to a statement. ... >> story  Published: Jan 9 4:34 pm U.S. Eastern time

JOHN K. TEAHEN JR. -- 1925-2013
Jack Teahen -- friend, mentor, 'numbers nut,' curmudgeon, cornerstone of Automotive News -- dies at 87
imageJohn K. Teahen Jr., who was born a week before Automotive News' founding in 1925 and became a pillar of the publication through six decades of writing and editing, died Tuesday, Jan. 8, after a long illness. He was 87. His first byline appeared in Automotive News on Nov. 14, 1955. ... >> story  Published: Jan 9 12:38 pm U.S. Eastern time / UPDATED: 1/9/13 4:19 pm ET - adds video features
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Toyota leads U.S. recalls for 3rd time in 4 years
Toyota Motor Corp., for the third time in four years, led the auto industry in U.S. recalls in 2012 with 5.3 million vehicles called back, according to a review of recall data by The Detroit News. Toyota accounted for most of the 13. ... >> story  Published: Jan 9 4:25 pm U.S. Eastern time

GM, Isuzu weigh joint development of new truck
General Motors and Isuzu Motors will discuss the possibility of jointly developing a next-generation pickup truck, GM said in a statement on today. The two automakers signed a memorandum of understanding to start negotiations, but GM declined to outline the timing of the talks or any other aspect of the potential deal. ... >> story  Published: Jan 9 2:40 pm U.S. Eastern time

GM expects 'modest' U.S. market share gains in 2013, Akerson says
image General Motors CEO Dan Akerson expects GM to make "modest" market share gains in the United States this year, driven by the momentum of a busy launch schedule. "We expect a modest share increase in '13 given the new products and their acceptance in the marketplace," Akerson told reporters today at GM headquarters. ... >> story  Published: Jan 9 10:59 am U.S. Eastern time / UPDATED: 1/9/13 12:46 p.m. ET - adds more details
 
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Lexus IS: Talking 'bout evolution
MARK RECHTIN: As modern-era sage Vincent Vega says, “It's the little differences.” So it is with the redesigned 2014 Lexus IS sedans that will debut next week at the Detroit auto show. ... arrow Read the blog  Published: Jan 9 1:00 pm U.S. Eastern time / UPDATED: 1/9/13 4:11 p.m. ET
 
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Jamie LaReau covers auto dealers for Automotive News
New laws mean nothing, until distracted driving is seen as uncool
Keep your eyes on the road and your hands on the steering wheel. That's the intention behind a new law in Michigan targeting novice teenage drivers. ... arrow Read the blog  Published: Jan 9 3:32 pm U.S. Eastern time

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 » Jan. 15-17 - World Congress
» March 15 - Best Dealerships entry deadline
» April 15 - PACE Awards
» May 14 - Marketing Seminar - Los Angeles
 
 
 
Automotive News'
top 5 news stories of the week
1. How Honda hustled to redo Civic
2. Chevy picks 'Find New Roads' as tag line in global push
3. GM seen hanging on to U.S. share after slip to 88-year low
4. Nissan whips up fragrance, new display to lure Detroit show visitors
5. Toyota says Kaley Cuoco of 'The Big Bang Theory' will appear in Super Bowl ad
 

 image Jeep posts global sales record
Global sales of Jeep-branded vehicles reached a record 701,626 units in 2012, despite the elimination of one nameplate. The global sales figure topped the brand’s previous record of 675,494, set in 1999, and was a 19 percent gain over 2011. ... >> story  Published: Jan 9 12:23 pm U.S. Eastern time

  image NADA picks California dealer advocate Welch as new president
The new president of the National Automobile Dealers Association will be Peter Welch, 59, who as head of California's dealer group led a legal fight against Chrysler Group's factory-owned dealership in Los Angeles. ... >> story  Published: Jan 8 5:35 pm U.S. Eastern time

 image Auto execs discount overcapacity, eye new global investments
A growing number of global auto executives say they are planning to increase investments in factories and distribution networks as their fears of widespread overcapacity wanes. ... >> story  Published: Jan 9 12:01 am U.S. Eastern time

  image Mercedes 'on a roll' in U.S., Cannon says
Mercedes-Benz brand car sales to exceed 274,000 this year
German luxury carmaker Mercedes-Benz expects to sell a record number of vehicles this year in the United States, a crucial growth market now that demand for the brand in China has tailed off sharply. ... >> story  Published: Jan 9 10:39 am U.S. Eastern time

 image Kia's Super Bowl spot will pitch the Sorento
Kia will return to the Super Bowl with a 60-second spot in the fourth quarter featuring its 2014 Sorento crossover. The spot will be the second TV commercial in a new campaign for the Sorento, Kia's No. 2 seller last year. ... >> story  Published: Jan 9 4:32 pm U.S. Eastern time

  image Ram boosts towing capacity on heavy-duty pickup
Ram has fired the latest salvo in the ongoing pickup war between the domestic automakers, releasing what the brand claims is now best-in-class towing capacity for its 2013 heavy-duty pickups. ... >> story  Published: Jan 9 12:01 am U.S. Eastern time

 image Chrysler expected to return to Super Bowl ad lineup
Chrysler Group, which has stood out among advertisers in the past two Super Bowls with attention-grabbing commercials that highlighted economic revival in America and Detroit, will return to the game in 2013, according to people familiar with the situation, Ad Age reported. ... >> story  Published: Jan 8 6:00 pm U.S. Eastern time

  image Honda casts wide net in $700 million U.S. ad agency review
When American Honda Motor Co. put its media and creative accounts up for grabs in December, it ensured that it would be one the biggest pitches of 2013. What wasn't clear then, though, is just how far the automaker is willing to step out of its comfort zone in its search for marketing partners. ... >> story  Published: Jan 8 6:22 pm U.S. Eastern time

 image My mentor was Jack Teahen
More than 30 years ago, when the tools of my trade were canary yellow copy paper, a No. 2 pencil, scissors, rubber cement and an IBM Selectric typewriter, my mentor was Jack Teahen. ... >> story  Published: Jan 9 2:59 pm U.S. Eastern time

  image Teahen was tough and, oh, so good
"Wow, what a grouch." That was my first impression of Jack Teahen, who was managing editor of Automotive News when I joined the newspaper as a reporter 29 years ago next month. Of course, by the end of my first week I had changed my mind completely. ... >> story  Published: Jan 9 1:45 pm U.S. Eastern time

 image A man with the heart of a lion
Jack Teahen reminded me of Georg Auer, Austrian correspondent for Automotive News Europe who also worked well into his eighties. Both were slightly built, but each had the heart of a lion. ... >> story  Published: Jan 9 4:00 pm U.S. Eastern time

  image A wealth of experience ... and humility
Jack Teahen was 44-years-old, well into his long, distinguished career as an auto journalist, when I was born. I finally caught up with him when I joined Automotive News in 2004. ... >> story  Published: Jan 9 3:35 pm U.S. Eastern time

 image Colleagues remember a man of patience, wit
Reflections from some former colleagues: ... >> story  Published: Jan 9 2:09 pm U.S. Eastern time / UPDATED: 1/9/13 4:20 pm ET

  image Old-school, with a sense of history
Jack Teahen was old-school. In a world enraptured by smartphones, tablets and iPads, he wrote out his data longhand. Books piled up on his desk, and handwritten notes spilled to the floor. ... >> story  Published: Jan 9 2:27 pm U.S. Eastern time

 image A hyphen blunder and the wrath of Jack
I owe my depth of knowledge of the auto industry to Jack Teahen. Without Jack I would have been consigned to writing press releases a long time ago. ... >> story  Published: Jan 9 2:44 pm U.S. Eastern time
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