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Aug
1st

Daimler increases stake in Blacklane, a rival to Uber, as ride-share market heats up

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Daimler led the biggest funding round yet in Blacklane, a Berlin-based competitor to Uber that plans to expand in Asia and the Middle East.
Aug
1st

AGC and Induver establish Morocco glass JV

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AGC Automotive Europe has reached a basic agreement with Induver Holding, a glass manufacturer in Morocco, to set up a joint venture for manufacturing automotive glass destined both for Europe and for North African markets.
Aug
1st

Porsche SE’s profit drops 41% on lower VW earnings

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Porsche SE, the main shareholder of Volkswagen Group, said first-half profit plunged 41 percent, reflecting lower earnings at VW. Porsche SE is the holding company for the Porsche and Piech families.
Aug
1st

Mercedes to create 2,500 new jobs with second Hungary plant

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Mercedes-Benz is to set up a second plant at its Hungarian site in Kecskemét to produce front- and rear-wheel-drive cars, creating around 2,500 new jobs.
Aug
1st

French new-car sales plunged nearly 10% in July

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French car sales fell 9.6 percent in July on fewer selling days with PSA and VW Group suffering steep declines. Seven-month registrations are up 6 percent and a recovery in sales is forecast in the second half.
Aug
1st

GM&’s bold approach: Stay conservative

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Companies normally don't earn respect for the stuff they don't do. But for GM, a pullback from big plans in India is the latest milepost along a path to becoming a more disciplined company.
Aug
1st

Volvo’s catch-up game

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At last, Volvo is joining other luxury automakers in building vehicles in the United States.
Aug
1st

Big bumps in FCA’s five-year plan

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When Fiat Chrysler CEO Sergio Marchionne laid out his latest five-year plan in 2014, he admitted the strategy relied on 'near-perfect execution.' But the 27 months since then haven't been anywhere close to perfect.
Aug
1st

How common are ‘defeat devices’?

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In the wake of the VW diesel emissions scandal, it has become clear that other automakers in Europe make liberal use of officially sanctioned devices that spew nearly as many toxins as VW's.
Aug
1st

AN picks new sales, marketing leaders

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Automotive News has made several changes to its advertising and marketing teams.
Aug
1st

Lexus shoppers warm to no-haggle model

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It's still early, but Lexus officials are encouraged by the response they've gotten to a pilot program that calls on dealers to offer transparent, no-haggle pricing and a single point of contact for customers.
Aug
1st

Stop-sales punish dealer profits

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Stop-sale orders on cars hurt public dealership groups' second-quarter earnings. Now those groups are gearing up to attack the problem.
Aug
1st

Suppliers’ $48 billion spending spree

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The roaring U.S. auto market of the past few years brought huge factory investments by global parts suppliers -- and most of it came not to Mexico, but to the U.S.
Aug
1st

Using stair-steps as a step up

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Dealer Scott Smith embraces automakers' bonus plans and the scorekeeping behind them. He views customer-satisfaction scorecards as playbooks on how to improve, and factory incentives as a source of funds to reinvest in the business.
Aug
1st

Nissan adds single-cab Titan

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Nissan's 2017 lineup will include the brand's first-ever Titan single-cab.
Aug
1st

Sonic will offer online car-buying

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Sonic Automotive plans to launch technology by early next year that will allow it to offer customers the ability to complete an entire vehicle purchase online.
Aug
1st

Delphi plans to test self-driving cars in Singapore

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Delphi Automotive has agreed to form a consortium to operate six self-driving vehicles in Singapore, part of an Uber-style ride-hailing service that will allow the supplier to test its technology on busy city streets.
Aug
1st

Check out the ANE e-magazine for August

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The latest issue of the Automotive News Europe monthly e-magazine is ready to view. This month's edition looks at why automakers such as Audi, Mercedes and Volvo are re-thinking their automation plans.
Jul
31st

Opel diesels with shut-off device cleared by German authorities, paper says

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Germany's KBA motor transport authority has approved Opel diesel engines that were suspected of using 'defeat' software to hide high emissions, a paper reported.
Jul
31st

Nissan backs off profit targets

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Stung by currency changes and home-market problems, Nissan is stepping back from CEO Carlos Ghosn's big goal of reaching an 8 percent global operating profit by next March.
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