DAILY: Detroit 3 raise alarm as yen weakens | Honda expands Accavitti's duties | Redesigned '14 Caddy CTS to pack twin-turbo V-6 | Chrysler recalls Challenger

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DAILY NEWSLETTER March 18, 2013 Follow Us:

EDITOR'S NOTE: We're upgrading our email system. Look for an email in the coming days and follow the instructions to make sure you continue to receive this newsletter. If you notice that you're not getting your newsletters, please check your Junk folder. Thanks for your patience. Detroit 3 raise alarm as yen weakens, aiding Japanese profits Marchionne: 'It's going to make life tougher' Toyota, which last year overtook GM to become the world's largest automaker even as its profit margins lagged behind the industry, is riding a weakening yen that has Detroit executives concerned. ... >> story  Published: Mar 16 12:01 am U.S. Eastern time Accavitti expands Honda role Mike Accavitti, the former Chrysler executive who became American Honda's chief marketing officer in 2011, is adding responsibility for several key departments, including product planning. ... >> story  Published: Mar 18 12:01 am U.S. Eastern time Advertisement A Scientific Approach to Used Car Inventory. "Just because a red Audi sells well at one dealership does not mean that's an ideal vehicle for your dealership. As we've often told dealers, the wrong vehicle priced right is still the wrong vehicle." Click Here! 2013 NEW YORK AUTO SHOW Redesigned 2014 Cadillac CTS to pack twin-turbo V-6 The redesigned 2014 Cadillac CTS sedan that goes on sale this fall will have a 420-hp, twin-turbo 3.6-liter V-6 engine as an option. The redesigned CTS will be unveiled next week at the New York auto show. ... >> story  Published: Mar 18 12:13 pm U.S. Eastern time Chrysler tells 2,500 owners of V-6 Challengers to stop driving because of fire risk Chrysler Group is warning about 2,500 owners of 2013 Dodge Challengers with V-6 engines built in December and January not to drive their cars because of a potential short-circuit that could lead to a fire. Seven such fires have occurred, none causing injury, on Challengers built from Dec. 3, 2012, through Jan. ... >> story  Published: Mar 17 3:05 pm U.S. Eastern time / UPDATED: 3/18/13 4:16 pm ET - adds details China's Geely won't make final bid for Fisker stake, report says China's Zhejiang Geely Holding Group will not bid for a majority stake in Fisker Automotive mainly due to the troubled U.S. electric car maker's obligations to the U.S. government, according to two sources familiar with the matter. ... >> story  Published: Mar 18 8:33 am U.S. Eastern time   Automotive News Blogs Larry P. Vellequette covers Chrysler for Automotive News Chrysler's hot sales streak faces tough test in March Chrysler Group's string of 35 months of year-over-year sales increases may be about to end. The streak goes back to April 2010 and equals the company's longest run of consecutive U.S. gains, which stretched from February 1992 to December 1994. The reconstituted company's electronic records only go back to the early 1980s. ...  Read the blog  Published: Mar 18 12:01 am U.S. Eastern time     » 3/28 - Building a Dealer App by DMEautomotive » 4/4 - Prevent Dealership Fraud by Automotive News » 6/11-13 - F&I WEEK by Automotive News

Sonic, citing weak accounting controls at dealerships, delays annual report Sonic Automotive told regulators on Monday it delayed the filing of its annual report because of weak accounting controls at its dealerships. Sonic said in a regulatory filing it believes that financial results will be the same as reported on Feb. 20. ... >> story  Published: Mar 18 12:53 pm U.S. Eastern time / UPDATED: 3/18/13 4:26 pm ET - adds closing share price   Mitsubishi bets on 2014 Outlander features, price to help spark rebound Mitsubishi's restyled Outlander crossover is a vast improvement in interior refinement, packaging and technology over the outgoing model. The outgoing Outlander was among the worst-selling compact crossovers in the industry. Simply put, Mitsubishi needs a home run. ... >> story  Published: Mar 18 4:22 pm U.S. Eastern time   NEWS ANALYSIS New steels fight aluminum to oust heavy metal from cars New high-tech products mean steel is now winning battles in a long war to defend its share of the auto market against lighter aluminum, as automakers have to shed weight to meet emissions standards. ... >> story  Published: Mar 17 8:02 pm U.S. Eastern time   VW profit lead over Toyota under threat as demand wobbles VW CEO Martin Winterkorn achieved the company's goal of surpassing rivals GM and Toyota in profit in 2012 but this year's race will be tighter as Toyota bounces back. ... >> story  Published: Mar 18 12:01 am U.S. Eastern time   Bentley, Lambo eye big-bucks crossovers Bentley and Lamborghini want to create a niche -- the ultraluxury crossover with a price tag of $200,000 to $250,000 -- and they're aiming for annual combined volume of more than 7,000 vehicles. ... >> story  Published: Mar 18 12:01 am U.S. Eastern time / UPDATED: 3/18/13 12:26 pm ET   Louder EVs may turn off drivers, automakers say A plan to make electric cars louder in the name of safety could annoy drivers and inhibit adoption of electric vehicle technology, automakers say. ... >> story  Published: Mar 18 12:01 am U.S. Eastern time   Ford seeks more pension stability after funding shortfall widens Ford, moving to close a growing deficit in its pension funding, will shift more of its plan's assets to fixed income to shield against changes in interest rates. ... >> story  Published: Mar 16 12:34 am U.S. Eastern time   EDWARD LAPHAM A St. Paddy's Day reminiscence of the papal ride As a tourist, I've visited the Sistine Chapel, St. Peter's Square and many of the other attractions in and around the Vatican that we saw on TV news reports last week. But as an automotive reporter, I connected with the so-called Irish Popemobile that shuttled Pope John Paul II around the Emerald Isle in 1979. ... >> story  Published: Mar 18 12:01 am U.S. Eastern time       » March 15 - Best Dealerships entry deadline » April 15 - PACE Awards » May 14 - Marketing Seminar - Los Angeles » June 11-12 - ANE Congress » June 12 - Rising Stars     Automotive News' top 5 news stories of the week 1. Chrysler tells 2,500 owners of V-6 Challengers to stop driving because of fire risk 2. 2014 Range Rover Sport leaked online 3. Detroit 3 raise alarm as yen weakens, aiding Japanese profits 4. VW, UAW discuss setting up Chattanooga labor board 5. Ford seeks more pension stability after funding shortfall widens

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