Auto News 5

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Volvo's application to become a member of the European Automobile Manufacturers' Association (ACEA) has been accepted by the Brussels-based organisation. Full story...
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ASSOCIATE EDITOR JONATHAN WONG: Nothing like an automatic transmission to put a damper on the party. All of my Cadillac CTS-V experiences up until a month ago were with the automatic transmissions. Full story...
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Schaeffler posted a first half net loss of EUR260m (US$329m) after a one-off charge related to a capital increase at Continental dragged it into the red. Full story...
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AutoNation Inc. said today it plans to bid on "multiple" Fiat franchises after Chrysler unveiled its plans for the brand to dealers at a meeting in Detroit on Monday. COO Michael Maroone said he was impressed with the presentation. Full story...
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BMW expects a purchasing cooperation with Daimler to save about EUR100m (US$126m) a year from 2012/2013, the company's procurement chief said. Full story...
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Kjell Gruner now heads the central marketing department at Porsche, taking over from Gerd Mäuser who, the automaker said, "is leaving the company by mutual agreement". Full story...
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Ferrari is recalling 1,248 copies of the 458 Italia to replace an adhesive prone to catching fire. Full story...
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Hyundai will debut a small van called the ix20 at this year's Paris auto show. Full story...
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Jaguar will preview a new styling direction at the Paris auto show later this month with a sports-car concept that also celebrates the company's 75th anniversary. Full story...
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The success of DCTs has shown that there is an appetite for new automatic transmission technologies that combine smoothness with emissions-cutting efficiency. The challenge continues to be cost. just-auto spoke to Bill Martin, managing director of Zeroshift, who believes his company could be part of the solution. Full story...
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If you think that every little nut, bolt, switch, gear or widget in your new car wasn't scrutinized by a team of highly educated, overworked car geeks (read: engineers), think again. Full story...
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Motors Liquidation, 'old General Motors', has filed a plan with a US court to come out of bankruptcy. Full story...
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Practical C4 wagon to join new C4, DS4 and facelifted C4 Picasso range.

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Toyota minicar specialist unit Daihatsu Motor is to recall over 600,000 cars at home and in Europe due to indicator light covers that fade over time. Full story...
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GM Daewoo Auto and Technology will launch eight new vehicles, including the new Alpheon sedan in South Korea over the next 12 months, company president Mike Arcamone revealed. Full story...
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Jaguar will preview a new styling direction at the Paris motor show later this month with a sports-car concept that also celebrates the company's 75th anniversary. Full story...
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