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Aug
1st

Execs who delay safety recalls would face life in prison under Senate bill

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Auto executives who delay safety recalls that result in deaths could face up to life in prison under a new bill backed by a United States senator who has been one of the staunchest critics of GM's handling of its ignition switch recalls.
Aug
1st

July’s gist: Gains for (almost) everyone

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U.S. auto sales rose 9 percent in July to 1.4 million units, a fifth strong month to ease the memory of harsh winter storms that blunted January and February volume.
Aug
1st

American Honda volume slides 4%

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American Honda Motor had a rocky July, with sales falling 4 percent from a year earlier to 135,908 vehicles, in a market that rose 9 percent overall.
Aug
1st

Canada deliveries hit July record; Detroit 3 gain with trucks

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Auto sales in Canada in July rose to a record high for the month, up 11.3 percent from a year earlier, an industry analyst said today, with strong truck sales pushing both Chrysler and Ford to record performances.
Aug
1st

For some investors, Fiat’s meeting to approve Chrysler merger felt like a funeral

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Fiat shareholders were in a resigned mood when they met to vote on the carmaker's merger with Chrysler.
Aug
1st

Chrysler Group posts best July since 2005 on 20% gain

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Strong sales of SUVs, pickups and minivans pushed Chrysler Group's volume up 20 percent last month to its highest July U.S. sales in nine years.
Aug
1st

VEHICLE ANALYSIS: Vauxhall VXR8 GTS

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Last year's Vauxhall VXR8 not powerful enough for you? No problem, this year's GTS adds an Eaton supercharger, 150 more horsepower and a perhaps surprising amount of refinement.
Aug
1st

US: Bun warming profits at Gentherm

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Helping keeping car occupants' buns warm or cool paid off for climate control seat specialist Gentherm in the second quarter and first half of 2014.
Aug
1st

ANALYSIS: Volkswagen – 2Q14 results insight

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The VW Group that operates eight passenger car brands, three truck brands and one motorcycle brand, reported solid 2Q14 results. Sabine Blümel takes a closer look at the group's passenger car business.
Aug
1st

VW production chief Macht quits amid manufacturing troubles

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VW production chief Michael Macht has left the automaker amid claims that CEO Martin Winterkorn is unhappy with the production rollout of the automaker's new MQB vehicle architecture. He is the second top executive to leave VW within a week.
Aug
1st

VW production chief Macht quits with immediate effect

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Volkswagen said group production chief Michael Macht is quitting immediately, the second top executive to leave the automaker within a week.
Aug
1st

VW production chief Macht quits amid manufacturing troubles at the automaker

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Volkswagen said group production chief Michael Macht is quitting immediately, the second top executive to leave the automaker within a week.
Aug
1st

SOUTH AFRICA: War of words escalates as “dastardly” lock-out continues

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Both sides in South Africa's latest industrial spat are ramping up the verbal vitriol, following a major employer body's decision to lock out formerly striking metalworkers.
Aug
1st

SOUTH AFRICA: War of words escalates as “dastardly” lock-out continues [Update]

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Both sides in South Africa's latest industrial spat are ramping up the verbal vitriol, following a major employer body's decision to lock out formerly striking metalworkers.
Aug
1st

THE WEEK THAT WAS: Europe, slowly, on the up?

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While the Next Problem seems to be South America, judging by the number of times it's mentioned in the results statements for the last quarter, there are signs that, after the pain, there's some gain in Europe, at last.
Aug
1st

US: Borgwarner’s Q2 operating profit up 15.3%

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Borgwarner's net sales for the second quarter ended 30 June 2014 was up 16% to US$2.19bn as compared with $1.89bn in the same period year ago. Operating income was up 15.3% to $280.6m compared with $243.4m.
Aug
1st

GERMANY: Evonik posts Q2 net income down 28% to US$186.1m

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Evonik has reported second quarter net income down 28% to EUR139m (US$186m) compared with EUR193m in the same period last year.
Aug
1st

US: Tesla loses $62m in second quarter

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Tesla booked second quarter net income of US$16m and $0.11 per share on a non-GAAP accounting basis but a loss of $62m and $0.50 per share on a GAAP basis, the automaker said in a letter to shareholders.
Aug
1st

VW may raise stake in FAW Chinese joint venture

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VW's CFO Hans Dieter Poetsch said the automaker's only likely acquisition is a possible increase of its stake in its FAW Chinese joint venture and not a takeover of Fiat or truckmaker Paccar.
Aug
1st

UK: Delphi Q2 income rises

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Delphi Automotive reported second quarter net income of US$382m and earnings of $1.26 per share compared to $367m and $1.17 per share a year ago.
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