Company Information

Ferrari picks UBS for stock listing, report says

2:58 pm U.S. ET | July 7, 2015

Ferrari SpA, the supercar maker being spun off by Fiat Chrysler Automobiles, picked UBS Group to help manage its initial public offering in New York later this year, people with knowledge of the matter told Bloomberg....
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Quality Metalcraft acquired by private equity firm

2:34 pm U.S. ET | July 7, 2015

Automotive metal components and assemblies supplier Quality Metalcraft was acquired last month by private equity firm The Watermill Group LLC....
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Renault cuts global car market forecast on Russia, S. America woes

July 7, 2015 16:09 CET

Renault said global industrywide sales will probably increase 1 percent this year, rather than a 2 percent gain predicted earlier due to the slowdown in the Chinese market and the crisis in Latin America and in Russia....
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Trouble selling grandma's cars sowed seed for $1 billion startup

6:35 am U.S. ET | July 7, 2015

Auto1 values and buys used cars from individual sellers based on its own inventory and that of dealerships and manufacturers that use its platform. It then sells them on for a higher price to dealerships....
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Renault taps Daimler expertise to boost Talisman quality

July 6, 2015 16:34 CET

Renault is aiming to match rivals' quality with its new Talisman midsize car with help from Mercedes-Benz owner Daimler. The Talisman is a "refined sedan with an assertive design," Renault CEO Carlos Ghosn said at the car's unveiling....
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Renault says Talisman midsize sedan has 'racy' design, innovative technologies

July 6, 2015 08:28 CET

Renault says its new Talisman midsize car has robust and racy lines and delivers "intense driving enjoyment." The Talisman, which replaces the Laguna and Latitude cars, will have a key role in taking the brand upmarket by offering near-premium features....
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Chassix finds support for Chapter 11 exit plan

3:29 pm U.S. ET | July 6, 2015

Debt-laden auto supplier Chassix Holdings Inc. entered its bankruptcy court confirmation hearing late last week with nearly unanimous creditor support for its Chapter 11 exit plan....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Why Skoda's fast rise helps and hurts parent VW Group

July 6, 2015 06:15 CET

Skoda and VW brand are heading in opposite directions. Skoda's car sales rose to a record last year and its profit margin was 7 percent, far higher than VW's 2.5 percent. Now Skoda's success is attracting the wrong kind of attention at VW Group headquarters in Wolfsburg....
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GM ignition-switch death toll rises to 121

11:15 am U.S. ET | July 6, 2015

General Motors' faulty ignition switches are now linked to 121 deaths, two more than a week ago, the office of attorney Kenneth Feinberg said....
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Eberspaecher said to explore partnership or partial sale

July 6, 2015 15:01 CET

German supplier Eberspaecher is exploring a partnership with an overseas peer or a partial sale as it seeks to expand internationally, several sources familiar with the matter said....
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Giugiaro steps aside; Audi takes over

12:01 am U.S. ET | July 6, 2015

Legendary car designer Giorgetto Giugiaro, whose work includes the original Volkswagen Golf and first Fiat Panda, last week resigned from Italdesign Giugiaro S.p.A., the styling and engineering company he founded in 1968....
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NADA offers compliance help

12:01 am U.S. ET | July 6, 2015

The Federal Trade Commissions's aggressive policing of dealers' advertising practices has won the attention of the National Automobile Dealers Association. In January, NADA published HYPERLINK "https://www.nada.org/CustomTemplates/DetailPressRelease.aspx?id=21474839236"A Dealer Guide to Federal Advertising Requirements, which provides dealers with examples of bad and good ads....
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Ferrari's value to exceed $11 billion in IPO, Marchionne says

2:04 pm U.S. ET | July 3, 2015

Fiat Chrysler's CEO expects the company's Ferrari supercar unit to be valued "at least" at $11 billion in an initial public offering scheduled for year end....
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Saab owner to build EV plant in China

July 3, 2015 11:06 CET

China's National Electric Vehicle Sweden, which owns the assets of bankrupt Swedish automaker Saab, broke ground on a plant in China to produce electric vehicles. The company did not release any details about the EVs and it's not clear whether they will be marketed as Saabs....
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Skoda may outsource non-core services

July 3, 2015 06:15 CET

Skoda says it is examining whether to outsource certain parts of its non-manufacturing business such as peripheral services, and has initiated negotiations with local unions over such a move....
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NHTSA sees FCA penalties over recall, safety shortcomings

4:14 am U.S. ET | July 2, 2015

Fiat Chrysler Automobiles is expected to face penalties by NHTSA for violating auto safety laws over its handling of recalls under federal scrutiny. NHTSA officials used a roughly three-hour hearing Thursday to detail and spotlight FCA's safety and recall shortcomings....
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Toyota prices 'Model AA' shares at top range

9:50 am U.S. ET | July 2, 2015

Toyota set the price for its "Model AA" class shares at the top of its range, as retail investors flocked to the $4 billion issue the world's biggest automaker hopes will secure its longer-term shareholders....
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Tesla vehicle sales rise 52% in Q2

7:54 am U.S. ET | July 2, 2015

Tesla Motors beat its car-sales forecast for the second consecutive quarter with a 52 percent surge in the three months through June....
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GM fund leaves out scores hurt or killed in cars with switch flaw

10:53 am U.S. ET | July 1, 2015

GM's compensation fund for faulty ignition switches covers only 2.59 million vehicles with that specific flaw. GM says a similar defect subsequently detected in an additional 10 million vehicles is ineligible for compensation because the company recalled the cars immediately after discovering the flaw. Some victims and their advocates think GM should expand the fund for other victims....
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J.D. Power completes NADA car guide purchase

2:37 pm U.S. ET | July 1, 2015

J.D. Power completed its acquisition of NADA's Used Car Guide today after receiving approval from U.S. regulators....
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Jaguar Land Rover will make China chief its Europe boss, source says

July 1, 2015 10:45 CET

Jaguar Land Rover will move Bob Grace, its China chief, to lead its European unit, a source said. The company's new China chief will have to deal with slowing industrywide demand amid a prolonged government crackdown on graft and conspicuous consumption, which has hit luxury car sales....
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Germany's Getrag getting interest from Magna, Dana, China, report says

3:36 pm U.S. ET | June 30, 2015

Getrag, one of the biggest independent makers of transmissions, has attracted interest from automotive suppliers including Canada's Magna International Inc., people with knowledge of the matter told Bloomberg....
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Suzuki patriarch appoints son as president and likely successor

5:50 am U.S. ET | June 30, 2015

Osamu Suzuki, the outspoken patriarch of Suzuki Motor, positioned his son Toshihiro as his successor, appointing him president and COO of the family's namesake carmaker. Osamu Suzuki will keep his positions as chairman and CEO....
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RICHARD TRUETT

BLOG: The (technology) pluses and minuses of a GM-FCA deal

11:15 am U.S. ET | June 30, 2015

GM and FCA could benefit from each other's technology. Instead of a full-blown merger, maybe some small side-deals is all Sergio needs....
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Bain Capital completes buyout of TI Automotive

4:15 pm U.S. ET | June 30, 2015

TI Automotive said its sale to private equity firm Bain Capital LLC has been completed. Terms of the sale were not disclosed in a statement today....
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