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The Scion Behind Sergio (11/13/12)

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  1. auto show1:11
  2. Sergio Marchionne0:05, 2:14
  3. Tom Moore0:20
  4. GM's1:59
  5. Jennifer Clark2:58
  6. Honda Civic1:21
  7. auto maker0:32, 1:34
  8. car company3:08

Tue, 13 Nov 2012|

The scion behind Sergio | Ford's minivan that isn't | Honda's refined Civic


Automatically Generated Transcript (may not be 100% accurate)

The man in charge. He's young he's powerful. Any Sergio Marchionne thought. We'll tell you more next on auto news now. Welcome to the newscasts on this Tuesday. I'm Tom Moore back. We'll have that -- story for you in just a moment but first here's what else is making news. Some might say it's a minivan. Just about four. The auto maker announcing plans to bring the compact transit connect wagon to market. Ford is calling it the first seven passenger people mover. It's expected to break the thirty mile per gallon barrier on the highway. Some of the standout features. A panoramic roof. Sliding rear seats to accommodate cargo or passengers with long legs and plenty of storage space. The transit connect wagon set to hit showrooms in the fourth quarter of 2013. NDP says the wagon will appear at the Los Angeles auto show. Press days by the way for that show begin on November 28. Also headed to LA the newly refined one and thirteen Honda Civic. It hits dealerships on November 20 ninth in features more upscale styling than its predecessor. A couple of quick notes out of Europe. French auto maker were annulled offering unions a commitment. To avoid domestic plant closures in return for a new deal on pay. And working conditions. Don't be fooled into blah and the head of the union at Opel says Ford's decision to close three factories and cut 5700 jobs in Europe. Will not serve as a blueprint for restructuring GM's German branch. Cuts at all police says will be much milder. They're quite a study in contrasts. The competition is she -- first there's sixteen year old Sergio Marchionne superstar CEO -- Fiat and Chrysler. You know I'm Reuters describes -- leaders quote rumpled dark and tart -- And then there's this man. Nucleus little morsel financial it was so it's just so it. John -- -- is just 36 years old. Tall and soft spoken. He's this -- of Italy's influential and -- family which controls via. In 2010. He became chairman. You might find help in on the sidelines. Looking on this Fiat favorite CEO. It's surrounded by TV crews. In a special report Reuters reporter Jennifer Clark takes an in depth look at -- examines his sometimes tragic past. It looks at the role he has taken on at the family car company. Yeah yeah we aimless and handle this at the top of his agenda. Deciding just how long his family firm which is a symbol of corporate Italy should remain tied to the troubled economy of its home country. -- answer. Came late last month when Fiat announced it would increase its investments by nearly 50% in the next few years. It will spend billions of dollars to ritual five under used Italian factories. And to push its alpha Romeo and Basra Roddy brands. We have much more and -- in on our website. If you'd like to read the full report you can do so by going to auto Slash health. That is our show for today if you're on Twitter we invite you to follow us at auto news TV. Thanks so much for watching everyone. We'll see you back here tomorrow.

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    Eight polling that Tug of war what heavy duty YouTube has poured threatening to life. You're watching auto news now. Good to see you on this Monday. I'm Tom back for Ford and Chrysler the stakes couldn't be higher. According to true cart dot com heavy duty pickups represent 23%. Of all pick up sales in the US. In one of the main reasons to buy a big truck. Towing capability. a battle is raging between Ford and Chrysler's ram Brad. Over who can claim best in class Ford is threatening legal action if keeps claiming its pickups have besting class We're talking so called fifth wheel or goose neck trailer is connected in the pick up that. So here's the issue. Ford says 2015. F 454. By four crew cab can 31200. House. That's about 12100 pounds more than the highest capacity 3500. Which is rated at 30000. Pounds. But rim says the trucks are not even in the same class. It's is the F 450 is a class four pick up in fact the only class four pick up on the market. says the 3500. Actually competes against the F 350. In GM's 3500. Heavy duties. Reporter Larry tells us Ford does something no other automaker does when setting its maximum payload for the F series. It removes items like the radio. The spare tire the Jack. In the center console in order to produced the maximum number for its payload that's a questionable practice because a component truck over. Into another class. Larry says under the system used by other auto makers the F 450 would be considered class war. For more story in today's print and digital editions of Automotive News. Ford is raising prices on the new one in fifteen aluminum body F 150 pick up. Like 340 dollars to 3385. Bucks. The king ranch sees the biggest price increase over the 2014 model. Ford however has upped the standard equipment in all models of the truck for example to information screens are standard. Our Richard true it is also reporting the auto maker is trimming the number of F 150 models from eleven to five. With the new truck arrives this fall popular name plates such as the raptor in limited will be gone. Dealers started ordering the pick ups today. More business may be on the way to service based in GM dealerships. That's because the auto maker is offering buyers of its 2015 models for monthly vehicle diagnostic reports through OnStar. The move also allows customers to sign up to receive maintenance notifications from their stores. Both services will be offered at no charge for five years under a plan named OnStar basic. Previously. They were available only to paying OnStar subscribers. GM says that customers who are emailed me notifications from their dealerships. Come in for two additional service visits a year on average. Compared with customers who don't receive that. Cash for clunkers a phrase that was all the rage five years ago this month. Officially known as the car allowance rebate system clunkers was a lifeline at a desperate time in the US auto industry. US sales in June of 2009 dropped 28%. wasn't so lawful because every other month that your have been worse. But thanks to clunkers which provided consumers as much as 4500 bucks to trade in an old gas guzzler for a more fuel efficient new vehicle. July 2009 sales were off just 12%. In August sales that year were up 1%. In the end nearly 700000. Vehicles were traded in through the two point 85 billion dollar federal program. Have a great day everyone. We'll see you back here tomorrow.