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Room to Improve Malibu? (1/18/13)

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  1. General Motors0:20
  2. auto show3:22
  3. Barack Obama1:51
  4. GM0:46, 1:48
  5. Liberal Democratic Party2:06
  6. Chevrolet Malibu0:23
  7. Chevry Impala0:45
  8. Kia Motors2:20
  9. auto sales4:02

Fri, 18 Jan 2013|

Refresh would give car room to grow, Chrysler lender deal said near, Detroit urges tough yen stance, overbuilding risk.

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Automatically Generated Transcript (may not be 100% accurate)

I'm -- fine thanks for starting your Friday with. Later on it more caution for carmakers. That story after your headlines. New details are emerging about General Motors planned to -- -- that Chevrolet Malibu. Sources telling Bloomberg that the auto maker is working on speedy design changes to the Sudan. Including the rear seating to make the car more competitive with other -- -- model. Updates that will make the backseat to feel room here and sources say and the front and it will gain some styling cues from the new Chevry Impala. GM CEO again actors and disclosed plans to refresh the car late last year in an interview with automotive. News we are going to. To a mid cycle and enhancements. Not dramatic by this time next year. -- -- that US deliveries totaled just under 2111000. Last year. By comparison. Lyoto has sold more than 400000. Camrys. In Malibu also trailed midsize sedans from Honda Nissan Ford and Hyundai. Chrysler group is close to a deal -- Spain's -- content hair. As an in house financing arm to be called crescent capital. That's according to the Wall Street Journal which cites unnamed sources. Pre surge declined to comment on the report. If the deal is signed Spain's largest bank would replace analyze financial. A group representing Chrysler and -- Detroit automakers GM and Ford. One US president Barack Obama attends the message to Japan's new government. The message that the US that will retaliate for policies aimed at weakening the yen. The American automotive policy council seeing Japan's Liberal Democratic Party which reclaimed power last month. Has nothing -- continue its flight against the dollar. And makes auto acts ports to the US less expensive. And at Kia Motors says it has to new digital an agency did -- blow to her -- the automaker's -- presidents. It's charge to improve the user experience that -- the web portal. In making it easier for customers to resurgence of vehicles online. -- output with demand. That age three and other auto makers have been doesn't mean it doing to act in recent years and that doesn't -- financial benefit. But bill -- private equity investor Wilbur -- He's a trend that could describe those game. The thing I worry about is everybody seems to be expanding their product line. And you wonder if that isn't going to lead to problems that may lead to some more volatility in market share. And that may lead to in effect over capacity in particular. Segments. He did not name any specific carmakers but this week at the Detroit auto show. Several auto makers are showing off vehicles in segments where they clearly don't compete. This as they attempt to boost sales and profit. CW for example. They German company revealed that cost blew it -- the size of crossovers slotted it between the compact tip line and the tour -- VW aiming to sell 800000. Vehicles in the US like 2018. And -- in the luxury car segments. It introduced that when he fourteen contends if premiums and -- 75 year old Ross also saying he expects that US auto sales to reach at least fifteen million vehicles this year. Finally it first shift but note. The first -- retail production model of the when he fourteen Corvette stingray. We'll be auctioned off tomorrow with a vehicle identification number ending in 000. Line. Proceeds will benefit that cuts for creative studies in Detroit which is known for its not a lot of design program. Sports car also debuting at the -- show me. And thank you for joining us all week lung -- a few that here on Monday.

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