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The auto industry's switch to global platforms will trigger a shakeout of the world's component suppliers.
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Automotive software vendor Dealertrack Technologies' net profit dropped 35 percent in the second quarter, reflecting a big gain a year ago, while income from operations rose 34 percent to $7.6 million and revenue advanced 26 percent to $121.
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Auto sales in the United States will boom in 2015 when drivers replace aging vehicles, an economist with Citigroup argues. Itay Michaeli, director of U.S. autos and auto parts for Citi Investment Research and Analysis, argues that the 11.