AutoBeat Group

With 155,000 paid subscribers worldwide, the AutoBeat Group publications are the world’s most widely read automotive business dailies. Our newsletters provide a quick, to-the-point interpretive digest of the day’s most important auto business news.

Tesla Shares Surge 14% to Top $110

By: AutoBeat Group - May 29, 2013 at 1:26 PM

Posted: May 29, 2013 at 2:19 amShares of electric carmaker Tesla Motors Inc. soared $13.22 on Tuesday to close at a record $110.33.The company’s share price has doubled in May.

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Global Sales of Fuel Cell Vehicles Could Reach 2 Million by 2030

By: AutoBeat Group - May 28, 2013 at 9:46 PM

Posted: May 27, 2013 at 11:45 pmAnnual sales of fuel cell-powered cars, buses and scooters will reach only 1,000 units worldwide by 2015 but then surge to 2 million units by 2030, predicts Navigant Consulting Inc.The Boulder, Colo.-based firm says demand will be sharply restricted until about 2020 by a limited hydrogen refueling network.

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Latin America to Account for More Fiat Sales Than Europe in 2013

By: AutoBeat Group - May 28, 2013 at 9:44 PM

Posted: May 28, 2013 at 7:22 pmFiat SpA expects to sell more cars in South America and Mexico this year than in western Europe, says Chairman John Elkann.In 2012, Fiat and partner Chrysler Group LLC delivered 800,000 vehicles across Europe and 979,000 units in Latin America.Elkann tells a university forum that Fiat’s Latin American sales are being buoyed by its dominance in Brazil, where the company boosted sales 11% to a record 838,200 passenger and light commercial vehicles last year.

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NHTSA Opens Probe into Ford Pickup Truck Engine Stumbling

By: AutoBeat Group - May 27, 2013 at 2:48 PM

Posted: May 27, 2013 at 4:59 amThe National Highway Traffic Safety Administration has begun a preliminary investigation into 95 complaints that Ford F-150 pickup trucks may stumble during hard acceleration.The probe covers about 400,000 trucks produced between 2011 and 2013 and equipped with Ford’s 3.5-liter turbocharged, direct-injection gasoline engine.The NHTSA notes that the company has issued three service bulletins about 2011-2012 vehicles stumbling under humid conditions.Ford said in March that the engine’s intercooler may accumulate moisture that could affect combustion upon hard acceleration.

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Sweden Probes Saab Payments to Chairman Muller

By: AutoBeat Group - May 27, 2013 at 2:45 PM

Posted: May 23, 2013 at 6:26 pmSweden’s Financial Crimes Unit says it intends to question former Saab Automobile Chairman Victor Muller in connection with a criminal investigation of tax accounting at the defunct carmaker.Sweden says Muller is not accused of any wrongdoing.

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Subaru Predicts Record U.S. Sales This Year

By: AutoBeat Group - May 24, 2013 at 12:15 PM

Posted: May 23, 2013 at 4:29 pmFuji Heavy Industries Ltd. expects its Subaru unit to reach its midterm goal of selling a record 350,000 vehicles in the U.S. during the current fiscal year—two years ahead of schedule, The Nikkei reports.The achievement would not be shocking.

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Modified Military Humvee Delivers 72% Better Fuel Economy

By: AutoBeat Group - May 24, 2013 at 12:10 PM

Posted: May 23, 2013 at 8:26 pmRicardo Inc. says the American General HMMWV vehicle its team modified with existing technologies delivers better performance and 72% greater fuel economy than the standard Humvee vehicle.Fuel-Efficient Ground Vehicle DemonstratorThe so-called Fuel-Efficient Ground Vehicle Demonstrator (FED) is fitted with a supercharged I-4 Cummins engine, modified drivertrain, low-rolling-resistance Goodyear tires and a new aluminum chassis developed by Alcoa Defense.The FED was built in 2011 at Ricardo’s facility in Detroit in cooperation with the U.S.

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Sweden Probes Saab Payments to Chairman Muller

By: AutoBeat Group - May 24, 2013 at 12:08 PM

Posted: May 23, 2013 at 6:26 pmSweden’s Financial Crimes Unit says it intends to question former Saab Automobile Chairman Victor Muller in connection with a criminal investigation of tax accounting at the defunct carmaker.Sweden says Muller is not accused of any wrongdoing.

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PSA to Close a Paris R&D Facility

By: AutoBeat Group - May 22, 2013 at 4:42 PM

Posted: May 22, 2013 at 3:11 pmPSA Peugeot Citroen plans to shut down its R&D center in Meudon-la-Foret outside Paris as a cost-cutting measure.The company expects to relocate the facility’s 660 staffers to nearby PSA operations in Poissy and Velizy by the end of this year.Reuters cites a company document indicating that PSA wants to sell the Meudon building.

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GM to Invest $45 Million in Michigan Logistics Center

By: AutoBeat Group - May 22, 2013 at 4:41 PM

 Posted: May 22, 2013 at 3:07 pmGeneral Motors Co. plans to spend $45 million to erect a logistics facility next to its Grand River assembly plant in Lansing, Mich.GM aims to open the center late next year and employ 200 people there, some of them new hires.Those workers will assemble and sequence parts for the nearby factory, which builds the Cadillac ATS compact sedan and CTS midsize cars.

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Chrysler Plans Supercharged “Hellcat” Hemi

By: AutoBeat Group - May 21, 2013 at 5:01 PM

Posted: May 21, 2013 at 12:40 amChrysler Group LLC is developing a supercharged 6.2-liter V-8 Hemi engine that is expected to produce about 640 hp, according to Automotive News.The engine program, code named Hellcat, was reported in early May by Allpar.com.The Chrysler enthusiast Web site says the Hellcat originally was intended to power the 2014 Barracuda SRT8 sport coupe.

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