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Friday, January 25, 2013

DAILY: VW plans Golf push in Americas with shift to Mexico | Strong January auto sales boost 2013 outlook | Group 1 deal in Brazil opens new frontier for growth

 
 Automotive News Daily Newsletter  
DAILY NEWSLETTERJanuary 25, 2013
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VW plans Golf push in Americas with shift to Mexico
image Volkswagen plans to produce its Golf hatchback in Mexico as part of a push for market share in North America, where it trails global rivals. By adding Golf production in Mexico, VW plans to benefit from lower labor costs and hedge against unfavorable currency fluctuations between the dollar and euro. ... >> story  Published: Jan 25 5:19 am U.S. Eastern time / UPDATED: 1/25/13 11:27 a.m. ET - adds more detail

Strong January auto sales boost 2013 outlook
imageAuto sales in the United States have been unexpectedly strong in January, adding to optimism about the industry's growth potential in the year ahead, analysts said. ... >> story  Published: Jan 25 11:04 am U.S. Eastern time

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Group 1 deal for Brazil's UAB Motors opens new frontier for growth
image Group 1 Automotive’s plan to acquire one of Brazil's largest dealership groups signals another frontier for the U.S. auto industry’s expansion-minded publicly traded dealership groups. ... >> story  Published: Jan 24 8:38 pm U.S. Eastern time / UPDATED: 1/25/13 4:20 p.m. ET

Opel sales chief Rieck quits after half year in job
Vauxhall boss named interim replacement
imageOpel named Duncan Aldred as the automaker's acting sales and marketing chief after Alfred Rieck quit after just six months in the post. Aldred, 43, is chairman and managing director of Vauxhall, Opel's UK sister brand. ... >> story  Published: Jan 25 11:50 am U.S. Eastern time [REG]

Kia Motors earmarks $187 million in costs on false U.S. mileage claims
Hyundai and Kia set aside combined $412 million to compensate N.A. customers
image Kia Motors has set aside provisions of about 200 billion Korean won ($187.13 million) to compensate drivers in North America for its overstated fuel-economy claims, Joo Woo-jeong, a director at the automaker, said today. ... >> story  Published: Jan 25 8:06 am 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. Toyota to show new Tundra in Chicago
3. PSA-GM joint vehicle programs will use French carmaker's platforms
4. Chrysler drops one shift at Dundee Engine plant line
5. VW releases ad teaser: No car, no problem
 

 image Ford launches deals to spur Focus EV sales
Ford, responding to soft sales for the Ford Focus EV and recent moves by rivals, has launched a wave of discounts and special lease deals to spur demand for the alternative-powered compact car. ... >> story  Published: Jan 25 3:25 pm U.S. Eastern time

  image 2013 SUPER BOWL ADVERTISING
Hyundai teams up with rock band Flaming Lips for Super Bowl ad
Hyundai has teamed-up with psychedelic rock band the Flaming Lips for the brand’s 60-second Super Bowl commercial running prior to kickoff. ... >> story  Published: Jan 25 4:06 pm U.S. Eastern time

  VW mulls launching low-cost subbrand in China, executive says
Volkswagen may build its first low-cost car in China, development chief Ulrich Hackenberg said, as the automaker considers a move into no-frills vehicles to compete with Renault's Dacia and Nissan's Datsun ... >> story  Published: Jan 25 7:42 am U.S. Eastern time

  image Daimler said to be in talks with Ford, Renault-Nissan to share fuel cell technology
Daimler has delayed plans to launch a fuel-cell powered variant of its B-class compact and is now in talks with possible partners Renault-Nissan and Ford on sharing the technology and reducing costs. ... >> story  Published: Jan 25 4:53 am U.S. Eastern time

  57 dealers nominated for Time magazine award
Dealer of the Year will be announced Feb. 9 from 4 finalists
Fifty-seven auto dealers have been nominated by automotive trade associations for the 2013 Time Dealer of the Year award. The nominees were announced by Time magazine and Ally Financial, this year’s sponsor. ... >> story  Published: Jan 25 2:26 pm U.S. Eastern time

  Former Ford executive Kenneth Merrill dies at 82
Kenneth Merrill, a former Ford Motor and Ford Credit executive, died Jan. 22 in Livonia, Mich. He was 82. ... >> story  Published: Jan 25 3:05 pm U.S. Eastern time
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