Valeo CEO Aschenbroich to step down after 2021

PARIS -- Longtime Valeo CEO Jacques Aschenbroich will step down from the post at the end of 2021, but will remain chairman, as the supplier moves to split the two positions.

Aschenbroich, 66, who was named CEO in 2009 and added the chairman title in 2016, will be succeeded in the chief executive role by COO Christophe Perillat, Valeo said Tuesday. Aschenbroich will remain chairman until May 2023. 

Valeo said in 2019 when Aschenbroich was reappointed to a new term that it would separate the positions of chairman and CEO. 

Aschenbroich was named an Automotive News Europe Eurostar in 2016.

Aschenbroich, who has an engineering degree from the School of Mines in Paris, held positions in the French government and with the glass maker Saint-Gobain Group before joining Valeo as CEO in 2009. He is a director at the bank BNP Paribas.

Perillat, 55, a graduate of the engineering university Ecole Polytechnique, worked in the aeronautics indus…

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FCA to idle minivan plant for a week ‘to align production with demand’

Fiat Chrysler Automobiles said it will idle its minivan plant in Ontario the week of Nov. 2 to “to align production with demand."

The shutdown, announced Wednesday, comes shortly after a three-week shutdown that ran from Sept. 28 through Oct. 18.

About 4,500 members of Unifor Local 444 assemble the Chrysler Pacifica, Voyager and Grand Caravan at the Windsor Assembly Plant.

Unifor on Oct. 19 ratified a new three-year contract that includes up to C$1.58 billion ($1.2 billion) in planned investments in Canada, including up to C$1.5 billion to retool the Windsor plant to produce electric “and/or” plug-in hybrid vehicles.

Total Canadian minivan sales were down 31.4 percent to 49,725 units during the first three quarters of 2020. By model, Grand Caravan sales slipped 17.3 percent while Pacifica sales plunged 41.2 percent.

Total U.S. minivan sales during the same time frame declined 35.8 percent to 205,891 deliveries.…

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Jaguar revamps E-Pace for tough 2021 campaign in crowded space

With the XE compact sedan exiled from Jaguar's 2021 North American lineup, a freshened version of the E-Pace compact crossover arriving early next year becomes the luxury brand's entry-level vehicle.

The E-Pace, which competes with the Cadillac XT4, Lincoln Corsair, Porsche Macan and other upscale models in the segment, has been given new bodywork, an upgraded infotainment system and better handling performance.

Julian Thompson, Jaguar's design director, says the goal of the 2021 E-Pace was to bring it in line with recent changes to other Jaguars.

"The overall result is a more grown-up feel for the compact performance SUV," Thompson said.

The freshening includes a new grille with a blade element that gives the vehicle a more assertive look, according to Jaguar.

The roofline and side windows take their styling cues from the F-Type sports car. The headlights contain the Jaguar double J-blade design used on t…

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Beep to test autonomous shuttles at Yellowstone National Park

The latest attraction at Yellowstone National Park will have nothing to do with majestic mountains or gushing geysers.

Beep, a Florida-based mobility-services operator, says it will deploy two autonomous shuttles at the park starting in May 2021. The pilot program will be operated in conjunction with the National Park Service and help provide transit in the park's Canyon Village.

Exact routes and stops remain in the planning stages, and human safety drivers remain on board. The service will do more than ferry visitors around the area –- it will likely be the first experience many people have with an autonomous vehicle.

"This is really smart," says innovation strategist Grayson Brulte, a co-founder of consulting company Brulte and Co. "Beep is going in and operating in a controlled environment within a national park, you're exposing the public to that technology in a low-risk environment, all while reducing congestion and CO2 emissions in the park."

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FCC to vote to split key spectrum block between autos, Wi-Fi

WASHINGTON -- The Federal Communications Commision will vote Nov. 18 to split a key spectrum block set aside for auto safety to accommodate the growing number of wireless devices, even as the Transportation Secretary warned of "thousands more deaths" in traffic accidents.

The FCC will vote to finalize a plan announced last year to divide a block of the 5.9 GHz spectrum band that was reserved in 1999 for automakers to develop technology to allow vehicles to talk to each other, but has so far gone largely unused.

Automakers have opposed the split on safety grounds, while many internet providers say the spectrum is essential to support growing wireless use.

FCC Chairman Ajit Pai said on Tuesday that "making more spectrum available for Wi-Fi is critical to meeting America's growing connectivity needs."

The FCC gave initial approval to the plan in December in a 5-0 vote. U.S. Transportation Secretary Elaine Chao previously warned the FCC decision could…

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VW will move U.S. base a few miles to new tower in D.C. suburbs

Volkswagen of America will move its headquarters, currently in a suburban Washington office park, to a larger high-rise facility under construction a few miles away in late 2023.

The automaker will lease just less than 200,000 square feet covering several floors in a new 14-story office building that is part of Reston Town Center, a commercial and residential complex in Reston, Va., the company said Tuesday. The new location is 3 miles east of the automaker's current six-story building in Herndon.

Audi of America also will move to the new location, as will other subsidiaries including Lamborghini of America, Bentley, Bugatti and Volkswagen Credit. In all, the move will involve about 1,000 workers in or near the headquarters, a spokesman said, and would increase "work force efficiencies and cooperation."

Unlike its existing headquarters, the new building, being developed by Boston Properties, will have in-building parking with provisions for 300 electric …

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GM Defense delivers first infantry squad vehicles, explores military batteries

DETROIT -- General Motors' defense subsidiary, which delivered its first Infantry Squad Vehicle on Tuesday to the U.S. Army, could soon use GM's electrification development for military applications.

The truck delivered Tuesday is the first major product for GM Defense since it was reestablished by GM in 2017. The original GM Defense, which helped U.S. combat efforts beginning with World War I, was acquired by General Dynamics in 2003.

"There's a relearning process for the company to get back its skill. This represents a fantastic cornerstone program for us to do just that," David Albritton, president of GM Defense, told reporters Tuesday.

The vehicle, based on the Chevrolet Colorado ZR2, can transport nine soldiers and their equipment. Despite coronavirus-related challenges, GM developed the vehicle in just four months after it was awarded a $214.3 million defense contract in June. GM Defense said it will build 649 of the vehicles through 2024 and will…

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Sonic Automotive CEO’s court hearing moved to Dec. 1

A probable-cause hearing for Sonic Automotive Inc. CEO David Smith, has been moved to Dec. 1, according to the court in Mecklenburg County, N.C.

The hearing delay follows his arrest this month on felony assault by strangulation and other charges.

Smith, 46, had been scheduled to appear in district court on Tuesday, but his hearing was continued, Jessica Davis, public information officer in the trial court administrator's office in Mecklenburg County, wrote in an email to Automotive News.

He was scheduled to appear on Oct. 20, but that hearing also was delayed.

Smith, CEO of Sonic since September 2018 and a son of Sonic co-founder Bruton Smith, was arrested Oct. 5 and spent a night in the Mecklenburg County Jail before he was released on $30,000 bail.

He faces charges of assault by strangulation, false imprisonment, assault on a female and interfering with emergency communication related to an alleged incident with a 22-year-old woman.

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Mercedes to take up to 20% stake in Aston Martin

Mercedes-Benz will increase its stake in Aston Martin to up to 20 percent from 2.6 percent as part of an expanded technology partnership between the automakers.

Aston Martin will get access to advanced Mercedes technologies, including next-generation hybrid and electric powertrains, Mercedes said in a statement on Tuesday.

Mercedes will receive new shares in Aston Martin as part of the partnership. Mercedes said it will not increase its holding in Aston Martin beyond 20 percent.

"We already have a successful technology partnership in place with Aston Martin that has benefited both companies. With this new expanded partnership we will be able to provide Aston Martin with access to new cutting-edge technologies and components," Mercedes' product strategy chief, Wolf-Dieter Kurz, said in the statement.

By expanding a tie-up with Mercedes that started in 2013, Aston Martin will spare its already stretched balance sheet from spending on a costly shift …

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After a decade, Toyota brings the Sienna up to date

Let's face it: Toyota's product cycles can be loooooonnnnnnggggg — among the lengthiest in the industry — and as woven into the automaker's culture as is the Toyota Production System and the notion of Genchi Genbutsu (go see for yourself).

As a company, Toyota prefers the strategy of continuous improvement in its products, making small changes as necessary as a vehicle ages between generations but saving big changes for the next redesign.

If nothing else, it's a profit-rich strategy that maximizes the return on almost every investment, so long as customers keep buying. But it has a side effect: When a long-in-the-tooth Toyota does finally get that overdue redesign, the results can be, well ... jarring.

Case in point: The 2021 Toyota Sienna minivan, which is so much better in almost every respect from the 2020 Sienna that dealers would be wise to clear out their entire remaining inventory before parking the new ones where customers …

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Asbury more than doubles Q3 net income

Asbury Automotive Group Inc. posted its highest-ever quarterly profit in the third quarter — the fourth public retailer to do so this month — as the largest dealerships benefited from higher gross profits on new- and used-vehicle sales amid short supply.

Asbury on Tuesday reported third-quarter net income of $96.2 million, more than double the $45 million reported last year. After accounting for one-time items, adjusted net income was $79.2 million, a 76 percent increase. The adjustments were a $24.7 million gain on a dealership sale, a $1.3 million acquisition-related cost and a $700,000 real estate charge. There were no adjustments to net income in third-quarter 2019, Asbury said.

Revenue for the Duluth, Ga., retailer was flat at $1.84 billion.

Asbury CEO David Hult said in a statement that closing the Park Place Dealerships acquisition in the quarter— the retailer's largest ever purchase at $735 million — and posting record earnings amid pandemic cond…

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Auto retailers watch an evolving DMS market

The dealership management system world is grabbing headlines.

A startup, Tekion, last week said it raised $150 million in its latest funding round. That brings the company's valuation to more than $1 billion, said Tekion CEO Jay Vijayan, a former chief information officer at Tesla. The company plans to use the money to add features to its cloud-native DMS and bring more dealerships on board.

Tekion has not disclosed the number of dealerships already enrolled on its DMS, but Vijayan said Tekion customers' stores span 28 states. The company is looking to grab a larger piece of the competitive DMS market, which is dominated in the U.S. by two players — publicly traded CDK Global Inc. and privately held Reynolds and Reynolds Co.

Reynolds also is making the news. CEO Bob Brockman this month was indicted on federal charges of tax evasion, wire fraud and money laundering after prosecutors alleged that he hid $2 billion in income to avoid paying taxes.

Th…

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