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Jul
29th

BMW M4 GT4 turns the M4 Coupe into a racer

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BMW M4 GTS sketch
News 29 Jul, 2016

Car is described as ‘close to production’ and will compete in the increasingly popular GT4 sector

Jul
29th

Audi will miss profitability goal as VW scandal, Takata hit earnings

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Audi will miss its profitability target this year as costs for parent VW Group's diesel emissions scandal and possible recalls of cars fitted with Takata airbags hit earnings.
Jul
29th

VW is top-selling carmaker in first half as Toyota slips

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VW Group was the world's top-selling automaker in the first six months despite its emissions scandal as rival Toyota was hit by production stoppages and slumping Prius sales in the U.S.
Jul
29th

Mazda profit falls on strong yen, lower N.A. sales

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Mazda said quarterly profit fell 42 percent as foreign exchange rate losses hit earnings and sales slipped in North America and Japan.
Jul
29th

ANE’s August e-magazine goes live Monday

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The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, Aug. 1. This month's edition looks at why automakers such as Audi, Mercedes and Volvo are re-thinking their automation plans.
Jul
28th

Apple taps BlackBerry talent as car project takes software turn, report says

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Apple hired the former head of BlackBerry's automotive software division as new leadership at the iPhone-maker's car team places increased emphasis on developing self-driving technology, people familiar with the project told Bloomberg.
Jul
28th

Huge opportunities ahead in autos – study

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A study by consultants AlixPartners suggests the automotive industry faces the "biggest challenge of the past 100 years" and predicts that in the next 15 years electric and hybrid cars could capture over half of the market. It also says connected and autonomous driving will open up new earnings potential while digitisation will enable double digit cost reductions.
Jul
28th

Brembo expects slower growth on ramp up of U.S., Mexico plants

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Brembo expects sales to grow 9 percent to 9.5 percent this year, slightly below the 10.4 percent posted in the first six months, as it starts operations at two new plants in North America.
Jul
28th

Ex-Porsche CEO Wiedeking finally in the clear over VW takeover charges

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German prosecutors dropped an appeal against a court ruling that acquitted former Porsche CEO Wendelin Wiedeking of market manipulation during a 2008-2009 takeover battle with Volkswagen.
Jul
28th

Mercedes pulls ad challenged by safety groups

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Mercedes-Benz USA is pulling an ad for the redesigned 2017 E-class sedan after consumer and safety advocates on Wednesday called the spot misleading in its depiction of the vehicle's driver-assist systems.
Jul
28th

BorgWarner adjusted Q2 earnings improve 9% as drivetrain business soars

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BorgWarner reported adjusted earnings of $327.6 million in the second quarter, a 9 percent increase from the year-earlier period. Net income rose 11 percent to $164.4 million in the second quarter, the company said in a statement.
Jul
28th

Lear Q2 earnings rise on gains in both seating and electronics

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Lear reported a 55 percent increase in net income during the second quarter, thanks mostly to improvements in the company's seating and electronics units. The $282 million second-quarter net income rose sharply from $182 million last year.
Jul
28th

Jaguar and Land Rover – together but different

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Separated at dual retailers, Jaguar and Land Rover both benefit from the manufacturer's increasing autonomy - and the prospect of autonomous vehicles, says Ray Hutton.
Jul
28th

Visteon says it booked record $1.6 billion in new business during Q2

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Visteon reported stronger earnings and piled up a record amount of new business during the second quarter, the automotive electronics supplier said Thursday.
Jul
28th

ASEAN vehicle sales jump 11% in Q2

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New vehicle sales in South-east Asia's six largest markets rose by 10.6% to 781,162 units in the second quarter of 2016, from 706,532 units in the same period of last year, according to data collected exclusively for just-auto by AsiaMotorBusiness.com.
Jul
28th

Group 1’s Q2 profits flat, hit by storm expenses

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Group 1 Automotive's net income rose 0.6 percent in the second quarter to $46.6 million, largely buoyed by its parts and service and finance and insurance operations. Its new-vehicle retail sales in the U.S.
Jul
28th

Penske Automotive’s Q2 net slips 0.7% on currency, interest costs.

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Penske Automotive's net income in the second quarter eased 0.7 percent from the year-earlier quarter to $95.0 million, on currency losses and higher floorplan and other interest costs.
Jul
28th

VW Beetle gets summertime style and spec tweaks plus R-Line trim

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New Volkswagen Beetle R Line 1
News 28 Jul, 2016

Fresh-faced Volkswagen Beetle introduced with new looks, tech and range-topping R-Line trim

Jul
28th

New Volkswagen Beetle R Line – pictures

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Jul
28th

Wells Fargo faces U.S. probe over soldiers’ car seizures, report says

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Wells Fargo is facing a U.S. investigation into whether it improperly repossessed cars owned by members of the military, two people with knowledge of the probe told Bloomberg.
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