DAILY: VW, UAW study works council in Tennessee | Fuel economy gains continue | Mulally's compensation falls | Is entry-level Corvette on horizon?

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DAILY NEWSLETTER March 15, 2013 Follow Us:

EDITOR'S NOTE: We're upgrading our email system. Look for an email in the next week 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. VW, UAW discuss setting up Chattanooga labor board Volkswagen and the UAW have discussed setting up a German-style labor board at VW’s assembly plant in Chattanooga, Tenn., the automaker’s human resources chief said today. ... >> story  Published: Mar 15 3:08 pm U.S. Eastern time U.S. fuel economy posts biggest gain since 1975 Honda, VW, Mazda most efficient, EPA says The fuel economy of vehicles sold in the United States last year had the sharpest gains in almost four decades, with Honda Motor, Volkswagen AG and Mazda producing the most efficient fleets. An annual report by the EPA showed new cars and trucks had a 16 percent gain in fuel efficiency in the past five years, to 23. ... >> story  Published: Mar 15 1:19 pm U.S. Eastern time Advertisement CUDL connects you with over 34 million potential buyers that purchase billions of dollars' worth of vehicles annually. Reach millions through CUDL's wide-range of Financing, Advertising and Aftermarket Solutions – including the nation's largest credit union financing platform of 1,000+ credit unions. click to learn more GM plans entry-level Corvette sports car, report says GM is planning to build an entry-level Chevrolet Corvette that would cost less than $50,000 and widen the iconic sports car brand's appeal, people familiar with the plans told Reuters. ... >> story  Published: Mar 14 4:41 pm U.S. Eastern time Ford CEO Mulally's 2012 compensation falls 29% to $20.99 million Ford CEO Alan Mulally's compensation fell 29 percent in 2012 as the company failed to hit several performance targets. Mulally's pay dropped to $20.99 million from $29.5 million in 2011. Mulally received $2 million in salary, a $3.95 million cash bonus and stock awards totaling $14. ... >> story  Published: Mar 15 9:15 am U.S. Eastern time / UPDATED: 3/15/13 12:34 pm ET - adds details Obama seeks $2 billion in research on cleaner vehicles, fuels President Obama, faced with few options for financing his clean-energy ambitions, on Friday proposed diverting $2 billion in revenue from federal oil and gas leases over the next decade to pay for research on advanced vehicles. ... >> story  Published: Mar 15 3:38 pm U.S. Eastern time   Automotive News Blogs Is that available with the Luddite package? LARRY P. VELLEQUETTE: This month the iconic British motoring series Top Gear stumbled into a fantastic idea for automakers to pursue on future vehicles. ...  Read the blog  Published: Mar 15 2:59 pm 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

Chevy advertising account goes to McCann Split with Goodby unwinds another Ewanick-era move The advertising joint venture formed last year to handle Chevrolet's creative advertising has split apart, with McCann Worldgroup emerging as the lead agency for the bow-tie brand globally. ... >> story  Published: Mar 14 4:47 pm U.S. Eastern time   Japan has more work to do to join trade talks, U.S. says The United States on Friday cautiously welcomed Japan's interest in joining negotiations on a U.S.-led Pacific free trade pact, emphasizing that Tokyo must demonstrate its willingness to tackle longstanding trade barriers to U.S. goods and services. ... >> story  Published: Mar 15 11:42 am U.S. Eastern time   Toyota recalls FJ Cruiser to inspect, repair rear seat-belt retractors Toyota is recalling about 310,000 FJ Cruiser compact SUVs worldwide because cracks can develop in the rear door panels, allowing the seat-belt retractors to detach. ... >> story  Published: Mar 15 2:54 pm U.S. Eastern time   Chrysler restructuring expert tapped to fix Detroit's fiscal woes Kevyn Orr, Michigan Governor Rick Snyder's pick to take control of Detroit, will probably need every ounce of experience he gained helping Chrysler Group reorganize to create a plan for the Motor City to survive. ... >> story  Published: Mar 15 7:49 am U.S. Eastern time   GM, Ford secure cuts in labor costs in Europe GM and Ford won employees’ approval in Europe for labor-cost reductions to restore earnings in the region in response to a recession that’s reducing vehicle sales. ... >> story  Published: Mar 15 9:19 am U.S. Eastern time / UPDATED: 3/15/13 2:36 pm ET - adds details   Chrysler hiring 200 at Ohio plant to boost Wrangler output Chrysler Group will hire 200 people at its Ohio Jeep plant that makes the rugged Wrangler SUV. Demand for the Wrangler and the Wrangler Unlimited has prompted Chrysler to find ways to increase production at the Toledo, Ohio plant, said Jodi Tinson, a Chrysler spokeswoman. ... >> story  Published: Mar 14 8:26 pm U.S. Eastern time   A123 wins court approval to seek creditors' vote on payment plan A123 Systems, the bankrupt former electric-car battery maker, won court approval to seek votes from creditors on its repayment plan. ... >> story  Published: Mar 14 6:34 pm U.S. Eastern time   GM aims to spend $38 million on Michigan plant where it plans to move Camaro output GM wants to invest more than $38 million in a Lansing, Mich., plant where it plans to move Chevrolet Camaro production. ... >> story  Published: Mar 14 5:11 pm 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. 2014 Range Rover Sport leaked online 2. Safety group says new crash tests point to underride hazards 3. Honda recalls 250,000 vehicles for braking problems 4. Henrik Fisker quits Fisker Automotive in dispute with management 5. Chevy advertising account goes to McCann   Buick's Tony DiSalle on 'attainable luxury' Buick's U.S. sales are up 22 percent through February. The brand lost share last year, but has outperformed the industry over the past six months. ...  View the video  Published: Mar 15 12:01 am U.S. Eastern time

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