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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

VW India boss outlines turnaround plan

Sept. 1, 2014 06:15 CET
VW India boss Mahesh Kodumudi explains to Automotive News Europe what measures the automaker is taking to reverse its slide in the key market....
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Alfa Romeo readies product offensive

Sept. 1, 2014 06:01 CET
Alfa Romeo has started development on three new models that will be key to the struggling brand's turnaround. The cars are a midsize sedan, a midsize SUV and a flagship large sedan....
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Fiat clears hurdle on path to Chrysler deal

12:01 am U.S. ET | Sept. 1, 2014
Fiat will spend less than the limit the carmaker set to buy shares from investors who opted to sell ahead of its merger with Chrysler Group, clearing a key hurdle before the deal can close....
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LETTER TO THE EDITOR

A lot to learn from past acquisitions

12:01 am U.S. ET | Sept. 1, 2014
Your stories in recent weeks about the possibility of large acquisitions in the supplier community bring to mind the quote "Those who cannot remember the past are condemned to repeat it."...
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China watchdog probes another exec at FAW Group, VW's China partner

Aug. 30, 2014 09:58 CET
China's anti-graft watchdog says it is investigating a former senior executive at FAW Group Corp. for corruption. State-owned FAW has a joint venture with Volkswagen....
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Great Wall breaks ground for Russian plant

Aug. 30, 2014 06:01 CET
China's Great Wall has started construction of a 3.2 billion yuan ($520.7 million) assembly plant in Russia. The factory will be the first full-scale assembly plant run by a Chinese automaker in Russia....
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Fiat Chrysler sees New York stock market debut on Oct. 13

8:52 am U.S. ET | Aug. 30, 2014
Fiat-Chrysler Automobiles aims to list shares in the newly merged carmaker in New York on Oct. 13, CEO Sergio Marchionne said on Saturday, adding that a decision on any capital increase would be made at the end of that month....
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Suppliers unveil the future at world car-tech conference

9:00 am U.S. ET | Aug. 30, 2014
The upcoming ITS World Congress 2014 in Detroit will highlight the global transportation industry's future of connectivity, safety and automation. The Sept. 7-11 event, which is in Detroit for the first time, is a big step for suppliers, local and global, to introduce the technology that's making up more of their bottom lines....
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Saab carmaker NEVS granted creditor protection by court but loses right to use Saab name

Aug. 29, 2014 12:46 CET
National Electric Vehicle Sweden (NEVS), which bought Saab in 2012, won court protection from creditors today. But the automaker suffered a blow when Saab AB, the defense firm, withdrew NEVS' right to use the brand name Saab for its cars....
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BRAD WERNLE

Mustang and Coors -- scarcity made fans want them more

4:33 pm U.S. ET | Aug. 29, 2014
Because Ford didn't make the Mustang with right-hand drive, the truly dedicated around the world could localize their cars only by using expensive right-hand-drive conversion kits. Scarcity only made fans want the Mustang more....
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Capital Automotive sold for $4.3 billion, source says

4:27 pm U.S. ET | Aug. 29, 2014
Brookfield Property Partners will acquire Capital Automotive for $4.3 billion, according to a source familiar with the deal....
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Buick lifts cover on Envision crossover in China

3:37 pm U.S. ET | Aug. 29, 2014
General Motors has taken the wraps off a new midsize Buick crossover in China amid growing evidence that the vehicle is destined for showrooms in the United States....
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Hong Kong firm acquires majority stake in supplier Key Safety Systems

12:46 pm U.S. ET | Aug. 29, 2014
Hong Kong private equity firm FountainVest Partners completed a deal to become the majority shareholder in automotive safety products supplier Key Safety Systems. The deal could be worth as much as $800 million, a Bloomberg report out of China said in April....
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2014 PARIS AUTO SHOW

Suzuki gives the Vitara SUV a sleeker look

Aug. 29, 2014 06:01 CET
Suzuki is giving is new Vitara a more mainstream look to broaden the subcompact SUV's appeal. The five-door Vitara will go on sale in Europe early next year....
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Nissan's revived Datsun launches mi-Do hatchback

Aug. 29, 2014 12:55 CET
Datsun unveiled its second model, the mi-Do hatchback, at the Moscow auto show. The car, based on the Lada Kalina, is aimed at Russian families who want to own a foreign car but cannot afford current offerings from Western brands....
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Fiat clears Chrysler merger hurdle

Aug. 29, 2014 08:39 CET
Fiat will spend less than the limit the carmaker set to buy shares from investors who opted to sell ahead of its merger with Chrysler Group, clearing a key hurdle before the deal can close....
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Court rejects creditor protection for Saab owner NEVS

Aug. 28, 2014 11:56 CET
A Swedish court rejected an application from China's National Electric Vehicle Sweden, which bought bankrupt Saab in 2012, for protection against creditors while it concludes funding talks....
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Global price-fixing crackdown threatens supply chain's 'business model'

3:58 pm U.S. ET | Aug. 28, 2014
As antitrust regulators, most recently in China, go after auto suppliers in what has become a worldwide probe into price fixing, a longtime "business model" in the supply chain is now in danger, says an automotive purchasing executive. That model essentially sees parts makers collude to keep prices relatively high for new components they supply to car manufacturers, and then charge even more for the same parts supplied as replacements to dealerships and repair shops....
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Kia targets 270,000 sales of the new Sorento next year

Aug. 28, 2014 10:05 CET
Kia unveiled its redesigned Sorento, saying it aims to sell 270,000 units of the SUV globally next year as the automaker seeks to maintain its momentum in the U.S., Europe and other key markets....
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Lear agrees to buy leather supplier Eagle Ottawa in $850 million deal

4:54 pm U.S. ET | Aug. 27, 2014
Lear agreed to buy automotive leather supplier Eagle Ottawa in a deal valued at $850 million that aims to strengthen the company's global seating business....
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JIM HENRY

Is CFPB guilty of spin?

12:01 am U.S. ET | Aug. 27, 2014
Remarks delivered by Consumer Financial Protection Bureau Director Richard Cordray and language used in a bureau statement last week were a lot harsher than the dry legalese of the consent order signed this month by the CFPB and First Investors Financial Services Group....
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Subaru casts wider net with safer, greener WRX

1:42 pm U.S. ET | Aug. 27, 2014
Subaru hopes the redesigned WRX line will capture a wider customer base with better fuel economy and safety features after spinning off the nameplate from its Impreza stablemate....
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AvtoVAZ aims to win back market share to return to profit, CEO Andersson says

Aug. 27, 2014 10:54 CET
AvtoVAZ plans to return to profit by cutting costs and rolling out new models to claw back market share that has been slipping away from the producer of Lada vehicles since the end of the Soviet Union....
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Schaeffler first-half earnings rise 9% on China demand

Aug. 27, 2014 11:37 CET
Schaeffler expects sales growth in excess of 7 percent this year after first-half earnings rose 9 percent and profit margins improved because of demand in China....
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Lotus hires former Kia Europe exec Lievens

Aug. 27, 2014 06:01 CET
Lotus has hired Jean-Charles Lievens, Kia's former European markets expert, to develop the automaker's sales network in France, Italy, Spain and Portugal....
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