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Thursday, January 24, 2013

DAILY: Toyota to show all-new Tundra in Chicago | Chrysler drops one shift at Dundee Engine plant | Hyundai profits fall 5.5 percent in Q4

 
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DAILY NEWSLETTERJanuary 24, 2013
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2013 CHICAGO AUTO SHOW
Toyota to show all-new Tundra in Chicago
image Toyota plans to unveil an all-new Tundra full-sized pickup at the Chicago Auto Show next month. The redesigned, third-generation Tundra is expected to go on sale this spring and will become the third revamped big pickup planned by automakers for the 2014 model year. ... >> story  Published: Jan 24 3:39 pm U.S. Eastern time

Chrysler drops one shift at Dundee Engine plant line
imageChrysler Group has eliminated a shift of production at its Dundee Engine plant on the line that builds 1.4-liter engines, including the turbocharged version, for the Fiat 500 subcompact and some variations of the Dodge Dart. ... >> story  Published: Jan 24 4:00 pm U.S. Eastern time

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Hyundai Motor profits fall 5.5% in Q4
Automaker sets aside $225 million to reimburse U.S. customers for mileage claims
image Hyundai reported a 5.5 percent drop in quarterly net income after the won appreciated more than any major currency, reducing the value of overseas sales. ... >> story  Published: Jan 24 11:28 am U.S. Eastern time / UPDATED: 1/24/13 4:19 pm ET - adds reimbursement background

2013 SUPER BOWL ADVERTISING
VW releases ad teaser: No car, no problem
imageVolkswagen of America gave a glimpse of its Super Bowl spot today with an online teaser video, and like another of the automaker's most recent advertisements, it does not include a car. ... >> story  Published: Jan 24 11:04 am U.S. Eastern time

PSA-GM joint vehicle programs will use French carmaker's platforms
image GM and PSA said Thursday they will build all three planned joint vehicle programs using underpinnings from the French automaker. The first vehicles from the tie-up are due in 2016. ... >> story  Published: Jan 24 6:12 am U.S. Eastern time / UPDATED: 1/24/13 10:55 a.m. ET [REG]
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Nick Bunkley is an enterprise reporter for Automotive News
Pony up $1,000, get an Elio t-shirt ... maybe a discounted 3-wheeled car
Elio Motors this month revealed plans to reopen the former GM plant in Shreveport, La., where it will pay 1,500 workers 50 percent more than new hires at GM earn to build $6,800, three-wheeled vehicles that get 84 mpg. ... arrow Read the blog  Published: Jan 24 4:11 pm U.S. Eastern time
 
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Sergio promises updated Chrysler product plan next week
LARRY P. VELLEQUETTE: Sergio Marchionne said he will update the five-year product plan that the automaker laid out in November 2009 when Chrysler Group announces its earnings Wednesday. Speaking to Automotive News last week during the Detroit auto show, the Chrysler-Fiat CEO said that enough changes have been made to the original product roadmap to warrant a redraft. ... arrow Read the blog  Published: Jan 24 3:52 pm U.S. Eastern time

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Automotive News'
top 5 news stories of the week
1. 2013 Ford Fusion gets mixed review from Consumer Reports
2. GM's Reuss was considered for CEO job in 2010, Whitacre says
3. Toyota near final deal to license fuel-cell technology to BMW, report says
4. PSA and Bosch unveil hybrid that uses compressed air; GM likely to use it
5. VW flips switch at largest solar installation at U.S. plant
 

 image Toyota, BMW sign agreement for fuel-cells, sports car
Toyota and BMW are tightening technical ties with plans to jointly develop a sports car platform, lithium-air batteries and new lightweight materials. ... >> story  Published: Jan 24 4:59 am U.S. Eastern time

  image Delphi weighs 'bolt-on' acquisitions against dividend
Delphi Automotive said it is considering “bolt-on” acquisitions as well as a potential dividend, as it weighs priorities for its cash. ... >> story  Published: Jan 23 6:08 pm U.S. Eastern time

  Harold Wells, NADA leader who challenged factory-owned stores, dies at 81
Harold Boney “Toby” Wells, a leader in the 1999 auto dealer revolt against factory-owned stores, died Wednesday at Waltonwood Assisted Living in Cary, N.C. He was 81. ... >> story  Published: Jan 24 3:19 pm U.S. Eastern time
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