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Carlos Ghosn's automaker mantra: Go big or you'll go away

Size matters in auto company survival, Renault and Nissan CEO Carlos Ghosn told an audience in Detroit on Tuesday. To cope with the escalating costs and scope of a global industry, successful automakers must complete a trifecta--be able to compete in every technology, every market and every segment, Ghosn said during a luncheon speech at the Detroit Economic Club “No 3 million-unit carmaker can make it,” Ghosn said, explaining why his Renault-Nissan alliance forged an alliance with Germany's Daimler AG. Competency in one or two of the three skills is not enough, and only very large companies can afford all three, he said.

Hyundai i20 WRC starts testing

Hyundai has been busy plotting its return to WRC Rallying for 2014, but so far it’s all been about behind the scenes work on building an i20 capable of taking on the rally world and gathering a team that can make it a success. But with the first official outing for the i20 due in January 2014 in Monte Carlo, Hyundai has finally taken their i20 WRC out in the world to give it some proper testing outside the workshop, Hyundai have been playing on a private testing ground to check out the i20′s systems, followed by a comprehensive testing session to work on different setups and gather data, with a major focus on the i20′s 1.6 litre turbo which, until now, hadn’t been run in the car outside Hyundai’s R&D. Hyundai say all went well over the 55okm of testing across three days, a prelude to a full programme of testing in the coming months as Hyundai get closer to their official debut.

White House pushes automakers toward 54.5-mpg target by 2025

The White House is pushing automakers to agree by Wednesday to a corporate average fuel economy target of 54.5 mpg by 2025--a figure 1.7 mpg less than the 56.2 mpg standard it floated earlier this month. The easing of the White House plan stems from a concession to makers of light trucks and SUVs, and particularly larger vehicles in that segment, such as Ford's F-150, sources said. The latest White House proposal, the most definitive of any it has put forth, calls for a 5 percent annual mileage increase for cars from 2017-2025, said industry and congressional officials who asked not to be named because their discussions with the White House are confidential.