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Inside this issue
GM's Akerson Upbeat about European Market
Ford Exec: Lincoln 'Not True Luxury' Brand Yet
Video: Toyota Pushes to Extend Hybrid Dominance
Nissan Vows Self-Driving Cars by 2020
Chrysler Donates New Books to Detroit Schools
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Top Stories
GM's Akerson Upbeat about European Market

Two weeks after European leaders declared an end to the region’s recession, General Motors Co. CEO Dan Akerson says his company is finally beginning to see signs of life in the European automobile market. “It’s too early to declare spring, but I would say there’s a little bit of sunshine on the horizon,” Akerson told The Detroit News in an exclusive interview Tuesday. “It’s still bleeding in some markets. But in the bigger, more important ones, you’re starting to see what they call on Wall Street ‘green shoots.’” Ford stands to lose about $1.8 billion in Europe this year. GM will likely lose more than $1 billion.... Chrysler Group LLC has few sales in the region, but its parent company — Italy’s Fiat SpA — is only staying in the black because of Chrysler’s U.S. sales gains.
Source: The Detroit News

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Ford Exec: Lincoln 'Not True Luxury' Brand Yet

A top Ford Motor Co. executive says the automaker’s struggling Lincoln brand is “not true luxury,” and faces a tough road back that will take years. J Mays, Ford’s design chief, said the company’s focus on rebuilding Lincoln has only just begun — and that Lincoln’s reinvention could take a decade.
Source: The Detroit News

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Video: Toyota Pushes to Extend Hybrid Dominance

Bloomberg's Matt Miller examines Toyota's dominance in hybrid vehicles and previews the automaker's hybrid automobile event happening today in Michigan. He speaks on Bloomberg Television's "Bloomberg Surveillance."
Source: Bloomberg TV

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Nissan Vows Self-Driving Cars by 2020

Nissan said Tuesday that it will have multiple "commercially viable" self-driving vehicles ready for sale by 2020. It becomes the first major automaker to make such a pledge. It says it is working with major universities including MIT, Stanford, Oxford, Carnegie Mellon and the University of Tokyo on the technology. Work also is underway on a special-purpose test track in Japan that Nissan says features "real townscapes."
Source: USA Today

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Chrysler Donates New Books to Detroit Schools

Nearly 15,000 new books are to be donated by Chrysler Group LLC to help stock libraries at Detroit elementary and middle schools. The automaker also is donating 500 new books Wednesday to each of the Detroit Public Schools eight Parent Resource Centers as the district prepares for Tuesday’s first day of classes.
Source: The Associated Press

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More Articles
"There's no question things have stabilized — and in some cases, you can actually see an uptick."

    -- General Motors Co. CEO Dan Akerson, referring to the European automobile market, The Detroit News, Aug. 28
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