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<title><![CDATA[GM shares return to $33 IPO price on optimism for truck sales]]></title>
<link><![CDATA[http://www.autonews.com/article/20130517/RETAIL01/305179940/gm-shares-return-to-33-ipo-price-on-optimism-for-truck-sales]]></link>
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<pubDate><![CDATA[Fri, 17 May 2013 10:19:21 EDT]]></pubDate>
<description><![CDATA[DETROIT (Bloomberg) -- Shares in General Motors topped its $33 initial public offering price for the first time in more than two years as the automaker prepares to introduce redesigned full-sized pickups. GM shares closed up $1.03, or 3.2 percent, at $33.42 in New York Stock Exchange trading today ...]]></description>
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<title><![CDATA[Fiat says headquarters shift to U.S. is not on agenda]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130517/ANE/305179963/fiat-says-headquarters-shift-to-u-s-is-not-on-agenda]]></link>
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<pubDate><![CDATA[Fri, 17 May 2013 00:01:00 EDT]]></pubDate>
<description><![CDATA[(Reuters) -- Fiat Group said the idea of moving the group's legal headquarters to the United States following a planned merger with Chrysler Group is not on the company's agenda. "This issue, treated several times in the last year by the world's media, is not the order of the day as the Chief ...]]></description>
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<title><![CDATA[Fiat: Shift of headquarters to U.S. not on agenda]]></title>
<link><![CDATA[http://www.autonews.com/article/20130516/GLOBAL/130519911/fiat-shift-of-headquarters-to-u-s-not-on-agenda]]></link>
<guid>http://www.autonews.com/article/20130516/GLOBAL/130519911/fiat-shift-of-headquarters-to-u-s-not-on-agenda</guid>
<pubDate><![CDATA[Thu, 16 May 2013 20:04:55 EDT]]></pubDate>
<description><![CDATA[(Reuters) -- Fiat S.p.A. said the idea of moving the group's legal headquarters to the United States following a planned merger with Chrysler Group is not on the company's agenda. "This issue, treated several times in the last year by the world's media, is not the order of the day as the Chief ...]]></description>
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<title><![CDATA[Bill Ford tells shareholders to be patient about stock price]]></title>
<link><![CDATA[http://www.autonews.com/article/20130509/OEM02/130509874/bill-ford-tells-shareholders-to-be-patient-about-stock-price]]></link>
<guid>http://www.autonews.com/article/20130509/OEM02/130509874/bill-ford-tells-shareholders-to-be-patient-about-stock-price</guid>
<pubDate><![CDATA[Thu, 09 May 2013 11:21:59 EDT]]></pubDate>
<description><![CDATA[WILMINGTON, Del. -- Executive Chairman Bill Ford asked for patience from Ford Motor Co. investors who pressed him about the company's languishing stock price at the automaker's annual meeting here today. Despite 15 straight profitable quarters, Ford's share price has lagged the SandP 500's gains ...]]></description>
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<title><![CDATA[Tesla shares surge 24% after 1st quarterly profit]]></title>
<link><![CDATA[http://www.autonews.com/article/20130508/OEM05/130509880/tesla-shares-surge-24-after-1st-quarterly-profit]]></link>
<guid>http://www.autonews.com/article/20130508/OEM05/130509880/tesla-shares-surge-24-after-1st-quarterly-profit</guid>
<pubDate><![CDATA[Wed, 08 May 2013 17:21:53 EDT]]></pubDate>
<description><![CDATA[LOS ANGELES -- Tesla Motors Inc. shares surged today after the company posted its first quarterly profit in its 10-year history -- driven by sales of the battery-powered Model S sedan. First-quarter net income totaled $11.2 million from a loss of $89.9 million a year earlier, Tesla said Wednesday. ...]]></description>
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<title><![CDATA[U.S. Treasury plans to sell remaining GM stake]]></title>
<link><![CDATA[http://www.autonews.com/article/20130506/OEM/130509916/u-s-treasury-plans-to-sell-remaining-gm-stake]]></link>
<guid>http://www.autonews.com/article/20130506/OEM/130509916/u-s-treasury-plans-to-sell-remaining-gm-stake</guid>
<pubDate><![CDATA[Mon, 06 May 2013 14:31:35 EDT]]></pubDate>
<description><![CDATA[WASHINGTON (Reuters) -- The Treasury Department said today it will begin another round of sales of the General Motors Co. stock it acquired during the government's bailout of the U.S. auto sector. The move follows a registration statement by GM last month making it easier for the Treasury to sell ...]]></description>
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<title><![CDATA[GM to invest about $16 billion in U.S. market by 2016]]></title>
<link><![CDATA[http://www.autonews.com/article/20130506/OEM/305069894/gm-to-invest-about-16-billion-in-u-s-market-by-2016]]></link>
<guid>http://www.autonews.com/article/20130506/OEM/305069894/gm-to-invest-about-16-billion-in-u-s-market-by-2016</guid>
<pubDate><![CDATA[Mon, 06 May 2013 10:04:21 EDT]]></pubDate>
<description><![CDATA[DETROIT (Bloomberg) -- General Motors is planning to invest about $16 billion on U.S. factories and facilities through 2016, more than it will spend in China, the company said. "The $11 billion in capital that will be spent in China by 2016 is coming out of our joint ventures rather than Detroit ...]]></description>
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<title><![CDATA[Delphi Q1 profit drops as sales fall in Europe, N.A.]]></title>
<link><![CDATA[http://www.autonews.com/article/20130501/OEM10/130509993/delphi-q1-profit-drops-as-sales-fall-in-europe-n-a]]></link>
<guid>http://www.autonews.com/article/20130501/OEM10/130509993/delphi-q1-profit-drops-as-sales-fall-in-europe-n-a</guid>
<pubDate><![CDATA[Wed, 01 May 2013 10:10:36 EDT]]></pubDate>
<description><![CDATA[DETROIT (Reuters) -- Delphi Automotive reported a 20 percent drop in first-quarter profit as lower sales in Europe and North America more than offset gains in Asia and South America. The supplier had benefited from higher North American demand in its core electrical business until the fourth ...]]></description>
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<title><![CDATA[120 Dealerships Sue Carfax (4/25/13)]]></title>
<link><![CDATA[http://search.autonews.com/v/73979152/120-dealerships-sue-carfax-4-25-13.htm?]]></link>
<guid>http://search.autonews.com/v/73979152/120-dealerships-sue-carfax-4-25-13.htm?</guid>
<pubDate><![CDATA[Thu, 25 Apr 2013 08:30:19 EDT]]></pubDate>
<description><![CDATA[Suit alleges anti-competitive practices; Fiat's next Chrysler move?; Fisker, DOE under fire; Detroit 3 going big on CNG.]]></description>
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<title><![CDATA[Fiat weighs New York listing following merger with Chrysler, report says]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130424/ANE/304249709/fiat-weighs-new-york-listing-following-merger-with-chrysler-report]]></link>
<guid>http://europe.autonews.com/article/20130424/ANE/304249709/fiat-weighs-new-york-listing-following-merger-with-chrysler-report</guid>
<pubDate><![CDATA[Wed, 24 Apr 2013 12:19:21 EDT]]></pubDate>
<description><![CDATA[MILAN/NEW YORK (Bloomberg) -- Fiat may retreat further from its heritage by selecting New York as the primary exchange for its stock after a planned merger with Chrysler Group. CEO Sergio Marchionne is evaluating the Italian automaker's switch from the Milan exchange as the carmaker's revenue and ...]]></description>
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<title><![CDATA[Ford to pay $750 million severance to workers at Belgium plant]]></title>
<link><![CDATA[http://www.autonews.com/article/20130319/GLOBAL/303209995/ford-to-pay-750-million-severance-to-workers-at-belgium-plant]]></link>
<guid>http://www.autonews.com/article/20130319/GLOBAL/303209995/ford-to-pay-750-million-severance-to-workers-at-belgium-plant</guid>
<pubDate><![CDATA[Tue, 19 Mar 2013 17:07:28 EDT]]></pubDate>
<description><![CDATA[DETROIT (Reuters) -- Hourly workers at Ford Motor Co.'s plant in Genk, Belgium, will get $750 million in severance as part of a deal that allows the automaker to close that factory by the end of 2014, the company said on Tuesday. Ford and the 4,000 hourly workers at the plant reached a deal last ...]]></description>
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<title><![CDATA[Ford CEO Mulally's 2012 compensation falls 29% to $20.99 million]]></title>
<link><![CDATA[http://www.autonews.com/article/20130315/OEM02/130319941/ford-ceo-mulallys-2012-compensation-falls-29-to-20-99-million]]></link>
<guid>http://www.autonews.com/article/20130315/OEM02/130319941/ford-ceo-mulallys-2012-compensation-falls-29-to-20-99-million</guid>
<pubDate><![CDATA[Fri, 15 Mar 2013 09:15:00 EDT]]></pubDate>
<description><![CDATA[DETROIT -- Ford Motor Co. CEO Alan Mulally's compensation fell 29 percent in 2012 as the company failed to hit several performance targets. Mulally's pay dropped to $20.99 million from $29.5 million in 2011. Mulally received $2 million in salary, a $3.95 million cash bonus and stock awards totaling ...]]></description>
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<title><![CDATA[U.S. sold $489.9 million in GM shares in February]]></title>
<link><![CDATA[http://www.autonews.com/article/20130311/OEM11/303119738/u-s-sold-489-9-million-in-gm-shares-in-february]]></link>
<guid>http://www.autonews.com/article/20130311/OEM11/303119738/u-s-sold-489-9-million-in-gm-shares-in-february</guid>
<pubDate><![CDATA[Mon, 11 Mar 2013 18:19:20 EDT]]></pubDate>
<description><![CDATA[DETROIT (Bloomberg) -- The U.S. Treasury, which is exiting its ownership stake in General Motors, accelerated its sell-down of the automaker in February, saying it received $489.9 million in proceeds from the sale of common shares. The government disclosed the trading results Monday in its monthly report to Congress on the status of the Troubled Asset Relief Program. A similar report last month said the Treasury received $156.4 million from selling GM shares in January. The number of GM shares sold and average price per share will be disclosed when each pre-arranged trading plan is completed, the report said. The United States invested about $50 billion in GM, the biggest portion of an auto industry bailout that was a centerpiece of President Barack Obama's first term. The investment drew criticism from Republican officials and GM received the label "Government Motors" that CEO Dan Akerson now is trying to shed. "The story is moving on at GM," Matthew Stover, an analyst with Guggenheim Securities LLC in Boston, who has a neutral rating on the shares. "They have to get on with the business of growing and moving past the crisis period, and one of the important pieces of all that is the government leaving the business." GM in December purchased 200 million of its shares for $5.5 billion from the Treasury, moving the government a step closer to ending the auto bailout. After that transaction, the Treasury was left holding about 300 million shares, or 19 percent on a fully diluted basis and planned to sell its entire holding within 15 months. GM shares have climbed 11 percent since Dec. 18, the day before the company disclosed the share purchase from Treasury, through Monday. The Standard and Poor's 500 Index increased 7.6 percent during that span. GM shares closed Tuesday at $28.37, up 6 cents from Monday's close, on the New York Stock Exchange. Akerson, 64, took command of GM in September 2010, overseeing the final stages of the company's initial public offering in November of that year. He is trying to boost GM's profit margins, regain market share in the United States and break even in Europe by mid-decade as it competes with Toyota Motor Corp. and Volkswagen AG for global auto sales leadership.]]></description>
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<title><![CDATA[Johnson Controls explores sale of auto-electronics division]]></title>
<link><![CDATA[http://www.autonews.com/article/20130306/OEM10/130309894/johnson-controls-explores-sale-of-auto-electronics-division]]></link>
<guid>http://www.autonews.com/article/20130306/OEM10/130309894/johnson-controls-explores-sale-of-auto-electronics-division</guid>
<pubDate><![CDATA[Wed, 06 Mar 2013 14:01:35 EST]]></pubDate>
<description><![CDATA[DETROIT -- Johnson Controls Inc. said it has hired JP Morgan to explore the potential sale of its automotive electronics unit and denied having plans to sell its interiors business. "The company is in the preliminary stages of this process," JCI said in a statement today . Johnson Controls issued ...]]></description>
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<title><![CDATA[Dana Q4 profit rises on tax benefits; revenue slips on weak demand]]></title>
<link><![CDATA[http://www.autonews.com/article/20130221/OEM10/130229975/dana-q4-profit-rises-on-tax-benefits-revenue-slips-on-weak-demand]]></link>
<guid>http://www.autonews.com/article/20130221/OEM10/130229975/dana-q4-profit-rises-on-tax-benefits-revenue-slips-on-weak-demand</guid>
<pubDate><![CDATA[Thu, 21 Feb 2013 11:39:53 EST]]></pubDate>
<description><![CDATA[(Reuters) -- Auto parts supplier Dana Holding Corp.'s quarterly revenue fell 15 percent as demand remained weak, but the company reported higher profit on income tax benefits. Net income rose 24 percent to $88 million, or 41 cents per share, in the fourth quarter, from $71 million or 33 cents per ...]]></description>
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<title><![CDATA[Warren Buffett beefs up GM stake to 25 million shares]]></title>
<link><![CDATA[http://www.autonews.com/article/20130215/OEM/130219889/warren-buffett-beefs-up-gm-stake-to-25-million-shares]]></link>
<guid>http://www.autonews.com/article/20130215/OEM/130219889/warren-buffett-beefs-up-gm-stake-to-25-million-shares</guid>
<pubDate><![CDATA[Fri, 15 Feb 2013 10:21:07 EST]]></pubDate>
<description><![CDATA[DETROIT -- Warren Buffett's Berkshire Hathaway Inc. has acquired 10 million more shares of General Motors, lifting its holdings in the company to 25 million shares. The latest investment -- disclosed in a Securities and Exchange Commission filing on Thursday -- comes as the U.S. government unloads ...]]></description>
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<title><![CDATA[Lampert's RBS hedge fund cuts stake in AutoNation]]></title>
<link><![CDATA[http://www.autonews.com/article/20130214/RETAIL07/302149759/lamperts-rbs-hedge-fund-cuts-stake-in-autonation]]></link>
<guid>http://www.autonews.com/article/20130214/RETAIL07/302149759/lamperts-rbs-hedge-fund-cuts-stake-in-autonation</guid>
<pubDate><![CDATA[Thu, 14 Feb 2013 18:19:21 EST]]></pubDate>
<description><![CDATA[(Bloomberg) -- Edward Lampert, the billionaire chairman and CEO of Sears Holdings Corp., reported that he and his hedge fund reduced a stake in AutoNation Inc., the country's largest auto retailer. RBS Partners LP cut its stake in AutoNation Inc. by 13.5 million shares to 34.6 million shares valued ...]]></description>
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<title><![CDATA[U.S. Treasury: Cost of auto bailout drops to $20.3 billion]]></title>
<link><![CDATA[http://www.autonews.com/article/20130211/OEM11/130219950/u-s-treasury-cost-of-auto-bailout-drops-to-20-3-billion]]></link>
<guid>http://www.autonews.com/article/20130211/OEM11/130219950/u-s-treasury-cost-of-auto-bailout-drops-to-20-3-billion</guid>
<pubDate><![CDATA[Mon, 11 Feb 2013 15:56:03 EST]]></pubDate>
<description><![CDATA[WASHINGTON -- The Treasury Department on Monday said the overall cost of its 2008 financial-rescue effort was reduced to $55.48 billion from $59.68 billion, as it has recouped a majority of the costs of programs that unlocked tight credit markets. The latest tally means that about 93 percent of the ...]]></description>
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<title><![CDATA[Lear investor group seeks board seats to boost shareholder value]]></title>
<link><![CDATA[http://www.autonews.com/article/20130208/OEM10/130209870/lear-investor-group-seeks-board-seats-to-boost-shareholder-value]]></link>
<guid>http://www.autonews.com/article/20130208/OEM10/130209870/lear-investor-group-seeks-board-seats-to-boost-shareholder-value</guid>
<pubDate><![CDATA[Fri, 08 Feb 2013 12:56:16 EST]]></pubDate>
<description><![CDATA[DETROIT (Bloomberg) -- Lear Corp. shares rose the most in more than two years after an investor group said it would nominate directors and push the auto-parts maker to return more cash to shareholders. Investors Marcato Capital Management LLC, founded by Mick McGuire, and Oskie Capital Management ...]]></description>
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<title><![CDATA[GM plans 10 weeks of downtime at pickup plants]]></title>
<link><![CDATA[http://www.autonews.com/article/20130202/OEM01/302029976/gm-plans-10-weeks-of-downtime-at-pickup-plants]]></link>
<guid>http://www.autonews.com/article/20130202/OEM01/302029976/gm-plans-10-weeks-of-downtime-at-pickup-plants</guid>
<pubDate><![CDATA[Sat, 02 Feb 2013 00:34:20 EST]]></pubDate>
<description><![CDATA[DETROIT (Bloomberg) -- General Motors, which saw pickup inventories rise 24 percent last month, will take out 10 weeks of truck production as it prepares to introduce a redesigned Chevrolet Silverado and GMC Sierra in the second quarter. After finishing 2012 with a pickup inventory almost in line ...]]></description>
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<title><![CDATA[Tower International sells Korean parts operations]]></title>
<link><![CDATA[http://www.autonews.com/article/20121228/OEM10/121229927/tower-international-sells-korean-parts-operations]]></link>
<guid>http://www.autonews.com/article/20121228/OEM10/121229927/tower-international-sells-korean-parts-operations</guid>
<pubDate><![CDATA[Fri, 28 Dec 2012 09:29:29 EST]]></pubDate>
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<title><![CDATA[CarMax Q3 profit rises on surge in used-car supply, consumer confidence]]></title>
<link><![CDATA[http://www.autonews.com/article/20121220/RETAIL07/121229998/carmax-q3-profit-rises-on-surge-in-used-car-supply-consumer]]></link>
<guid>http://www.autonews.com/article/20121220/RETAIL07/121229998/carmax-q3-profit-rises-on-surge-in-used-car-supply-consumer</guid>
<pubDate><![CDATA[Thu, 20 Dec 2012 09:22:43 EST]]></pubDate>
<description><![CDATA[(Reuters) -- CarMax Inc., the largest U.S. used-car retailer, reported a stronger third-quarter profit as a rise in supply, more attractive financing options and improved customer sentiment helped it sell more vehicles to retail clients. Net income rose to $94.7 million, or 41 cents per share, in ...]]></description>
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<title><![CDATA[BorgWarner picks Verrier to succeed Manganello as CEO]]></title>
<link><![CDATA[http://www.autonews.com/article/20121115/OEM02/121119933/borgwarner-picks-verrier-to-succeed-manganello-as-ceo]]></link>
<guid>http://www.autonews.com/article/20121115/OEM02/121119933/borgwarner-picks-verrier-to-succeed-manganello-as-ceo</guid>
<pubDate><![CDATA[Thu, 15 Nov 2012 09:13:53 EST]]></pubDate>
<description><![CDATA[DETROIT -- BorgWarner Inc. named James Verrier as CEO, succeeding Tim Manganello after 10 years at the helm of the powertrain technology supplier. The move is effective Jan. 1. BorgWarner signaled its succession plan in March when it named Verrier, 49, to the newly created position of president and ...]]></description>
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<title><![CDATA[BorgWarner picks Verrier to succeed Manganello as CEO]]></title>
<link><![CDATA[http://europe.autonews.com/article/20121115/ANE/311159749/borgwarner-picks-verrier-to-succeed-manganello-as-ceo]]></link>
<guid>http://europe.autonews.com/article/20121115/ANE/311159749/borgwarner-picks-verrier-to-succeed-manganello-as-ceo</guid>
<pubDate><![CDATA[Thu, 15 Nov 2012 09:13:53 EST]]></pubDate>
<description><![CDATA[DETROIT -- BorgWarner Inc. named James Verrier as CEO, succeeding Tim Manganello after 10 years at the helm of the powertrain technology supplier. The move is effective Jan. 1. BorgWarner signaled its succession plan in March when it named Verrier, 49, to the newly created position of president and ...]]></description>
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<title><![CDATA[Rance Crain to be inducted into Advertising Hall of Fame]]></title>
<link><![CDATA[http://www.autonews.com/article/20121114/RETAIL03/121119949/rance-crain-to-be-inducted-into-advertising-hall-of-fame]]></link>
<guid>http://www.autonews.com/article/20121114/RETAIL03/121119949/rance-crain-to-be-inducted-into-advertising-hall-of-fame</guid>
<pubDate><![CDATA[Wed, 14 Nov 2012 12:32:16 EST]]></pubDate>
<description><![CDATA[Rance Crain, editor-in-chief of Advertising Age and president of Crain Communications Inc., the parent company of Automotive News , has been named to the American Advertising Federation's 64th annual Advertising Hall of Fame. Crain joins his father G. D. Crain, his mother Gertrude Crain, and Sid ...]]></description>
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