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<title><![CDATA[Musk's magic touch on Wall St.]]></title>
<link><![CDATA[http://www.autonews.com/article/20130513/OEM02/305139944/musks-magic-touch-on-wall-st]]></link>
<guid>http://www.autonews.com/article/20130513/OEM02/305139944/musks-magic-touch-on-wall-st</guid>
<pubDate><![CDATA[Mon, 13 May 2013 00:01:00 EDT]]></pubDate>
<description><![CDATA[LOS ANGELES -- In the land of auto giants, Tesla Motors is a Lilliputian, a fledgling electric-car manufacturer with uncertain prospects. But by one measure Tesla stands among the big boys. The company's $8.8 billion stock market value at the end of last week exceeded Fiat's $7.8 billion and was ...]]></description>
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<title><![CDATA[Longtime supplier exec McClure out as Meritor CEO]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130510/ANE/305109996/longtime-supplier-exec-mcclure-out-as-meritor-ceo]]></link>
<guid>http://europe.autonews.com/article/20130510/ANE/305109996/longtime-supplier-exec-mcclure-out-as-meritor-ceo</guid>
<pubDate><![CDATA[Fri, 10 May 2013 00:01:00 EDT]]></pubDate>
<description><![CDATA[DETROIT -- Longtime auto supplier executive Charles "Chip" McClure has departed as chairman, CEO and president of commercial truck supplier Meritor Inc. Although not identified as a termination in the news release, the company said that board member and former Union Pacific CEO Ivor Evans will ...]]></description>
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<title><![CDATA[Longtime supplier exec McClure out as Meritor CEO]]></title>
<link><![CDATA[http://www.autonews.com/article/20130506/OEM02/130509919/longtime-supplier-exec-mcclure-out-as-meritor-ceo]]></link>
<guid>http://www.autonews.com/article/20130506/OEM02/130509919/longtime-supplier-exec-mcclure-out-as-meritor-ceo</guid>
<pubDate><![CDATA[Mon, 06 May 2013 12:06:31 EDT]]></pubDate>
<description><![CDATA[DETROIT -- Longtime auto supplier executive Charles "Chip" McClure has departed as chairman, CEO and president of commercial truck supplier Meritor Inc., the company said today . Although not identified as a termination in the news release, the company said that board member and former Union ...]]></description>
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<title><![CDATA[American Axle Q1 earnings fall on debt refinance, program costs]]></title>
<link><![CDATA[http://www.autonews.com/article/20130503/OEM10/130509943/american-axle-q1-earnings-fall-on-debt-refinance-program-costs]]></link>
<guid>http://www.autonews.com/article/20130503/OEM10/130509943/american-axle-q1-earnings-fall-on-debt-refinance-program-costs</guid>
<pubDate><![CDATA[Fri, 03 May 2013 13:44:27 EDT]]></pubDate>
<description><![CDATA[Auto parts maker American Axle and Manufacturing Holdings Inc. said net income fell 86 percent in the first quarter, citing debt refinancing and high costs for new-vehicle launches. Net income in the first quarter declined to $7.3 million , compared with $51.2 million in the same quarter a year ...]]></description>
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<title><![CDATA[U.S. EV maker Coda files for bankruptcy]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130501/ANE/130509997/u-s-ev-maker-coda-files-for-bankruptcy]]></link>
<guid>http://europe.autonews.com/article/20130501/ANE/130509997/u-s-ev-maker-coda-files-for-bankruptcy</guid>
<pubDate><![CDATA[Wed, 01 May 2013 06:18:02 EDT]]></pubDate>
<description><![CDATA[LOS ANGELES (Reuters) -- Green car startup Coda Holdings Inc. filed for Chapter 11 bankruptcy protection today after selling just 100 of its all-electric sedans, another example of battery-powered vehicles' failure to break into the mass market. The filing with U.S. Bankruptcy Court in Delaware ...]]></description>
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<title><![CDATA[Tesla probed over stock trading plans, report says]]></title>
<link><![CDATA[http://www.autonews.com/article/20130430/OEM02/130439991/tesla-probed-over-stock-trading-plans-report-says]]></link>
<guid>http://www.autonews.com/article/20130430/OEM02/130439991/tesla-probed-over-stock-trading-plans-report-says</guid>
<pubDate><![CDATA[Tue, 30 Apr 2013 12:35:08 EDT]]></pubDate>
<description><![CDATA[(Reuters) -- U.S. prosecutors have sent subpoenas to Tesla Motors Inc. and other companies asking for documents and e-mails relating to a trading plan that allows executives to sell company stock, according to a report today in the The Wall Street Journal , citing a person familiar with the probe. ...]]></description>
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<title><![CDATA[Capital One pays $3.5 million to settle SEC charges over auto-loan losses]]></title>
<link><![CDATA[http://www.autonews.com/article/20130424/OEM11/130429944/capital-one-pays-3-5-million-to-settle-sec-charges-over-auto-loan]]></link>
<guid>http://www.autonews.com/article/20130424/OEM11/130429944/capital-one-pays-3-5-million-to-settle-sec-charges-over-auto-loan</guid>
<pubDate><![CDATA[Wed, 24 Apr 2013 15:33:55 EDT]]></pubDate>
<description><![CDATA[Capital One Financial Corp. today agreed to pay a $3.5 million fine to settle charges that it hid millions of dollars in auto-loan losses as the economy was headed toward a recession, the U.S. Securities and Exchange Commission said. The SEC also charged two of the bank's former executives. Chief ...]]></description>
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<title><![CDATA[A name change to 456 as easy as 123? Not quite]]></title>
<link><![CDATA[http://www.autonews.com/article/20130423/BLOG06/130429971/a-name-change-to-456-as-easy-as-123-not-quite]]></link>
<guid>http://www.autonews.com/article/20130423/BLOG06/130429971/a-name-change-to-456-as-easy-as-123-not-quite</guid>
<pubDate><![CDATA[Tue, 23 Apr 2013 12:01:10 EDT]]></pubDate>
<description><![CDATA[On March 22, A123 Systems Inc. became B456 Systems Inc. Confusion followed the announcement and continues to follow the battery maker in the wake of its bankruptcy, said Jason Forcier, vice president of its automotive business. Wanxiang America Corp., the U.S. arm of Chinese supplier titan Wanxiang ...]]></description>
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<title><![CDATA[Visteon eliminates 2 senior execs as climate division shifts to South Korea]]></title>
<link><![CDATA[http://www.autonews.com/article/20130417/OEM02/130419909/visteon-eliminates-2-senior-execs-as-climate-division-shifts-to]]></link>
<guid>http://www.autonews.com/article/20130417/OEM02/130419909/visteon-eliminates-2-senior-execs-as-climate-division-shifts-to</guid>
<pubDate><![CDATA[Wed, 17 Apr 2013 11:40:55 EDT]]></pubDate>
<description><![CDATA[Visteon Corp. said it terminated Joy Greenway, president of its climate controls business, as the supplier moves climate operations to its South Korean joint venture. The board of directors approved the terminations of Greenway and Keith Shull, senior vice president of human resources, effective ...]]></description>
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<title><![CDATA[GM strike in Thailand costs American Axle $15 million]]></title>
<link><![CDATA[http://www.autonews.com/article/20130328/RETAIL01/130329853/gm-strike-in-thailand-costs-american-axle-15-million]]></link>
<guid>http://www.autonews.com/article/20130328/RETAIL01/130329853/gm-strike-in-thailand-costs-american-axle-15-million</guid>
<pubDate><![CDATA[Thu, 28 Mar 2013 15:37:50 EDT]]></pubDate>
<description><![CDATA[DETROIT -- A labor strike at General Motors Co.'s plant in Rayong, Thailand, over the last few months is hitting home. American Axle and Manufacturing Holdings Inc. said the strike is expected to cost the supplier $15 million in the first quarter of 2013 due to loss of production, in a U.S. Securities and Exchange Commission filing Tuesday. American Axle supplies front and rear axles as well as drive shafts from its own Rayong plant for GM's midsize-truck production, which includes the Chevrolet Colorado, spokesman Chris Son said in an e-mail. About 2,000 assembly line workers walked off the GM factory floor Feb. 8 after union officials said plant managers added a Saturday shift without offering overtime pay, the local newspaper Pattaya Mail reported. The GM plant was shut down for three days before it resumed production on Feb. 14, Laurent Berthet, director of communications for GM in Southeast Asia, said in an e-mail. The Pattaya Mail reported March 14 that 3,000 workers remained on the line, but vehicle production plummeted from 600 cars per day to 100 cars per day. Berthet said the "vast majority" of workers have returned to the assembly line and the plant is running two shifts. An unknown number of employees remain on strike, but it does not impact production, she said in an e-mail. It's unknown which other companies supply the plant, but TRW Automotive Inc. and Delphi Automotive Systems plc have plants in Rayong, and Visteon Corp.'s joint venture Halla Visteon Climate Control Corp. has a sales office in the Thai city.]]></description>
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<title><![CDATA[Ford awards Mulally nearly $12 million in performance bonuses]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130306/ANE/303069912/ford-awards-mulally-nearly-12-million-in-performance-bonuses]]></link>
<guid>http://europe.autonews.com/article/20130306/ANE/303069912/ford-awards-mulally-nearly-12-million-in-performance-bonuses</guid>
<pubDate><![CDATA[Wed, 06 Mar 2013 00:01:00 EST]]></pubDate>
<description><![CDATA[DETROIT (Reuters) -- Ford Motor Co. CEO Alan Mulally this week was awarded performance bonuses worth nearly $12 million, Ford disclosed to U.S. regulators on Tuesday. The amount Mulally makes from the shares depends on their value on the day he sells them. They were worth $11.7 million based on ...]]></description>
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<title><![CDATA[U.S. investigating Ally's retail financing practices]]></title>
<link><![CDATA[http://www.autonews.com/article/20130306/FINANCE_AND_INSURANCE/303069975/u-s-investigating-allys-retail-financing-practices]]></link>
<guid>http://www.autonews.com/article/20130306/FINANCE_AND_INSURANCE/303069975/u-s-investigating-allys-retail-financing-practices</guid>
<pubDate><![CDATA[Wed, 06 Mar 2013 00:01:00 EST]]></pubDate>
<description><![CDATA[(Reuters) -- The Consumer Financial Protection Bureau recently told U.S. auto lender Ally Financial Inc. that it is being investigated for certain "retail financing practices," Ally said. Ally said in an annual 10-K filing with the U.S. Securities and Exchange Commission on Friday that the probe ...]]></description>
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<title><![CDATA[GM execs receive 324,489 restricted stock units]]></title>
<link><![CDATA[http://www.autonews.com/article/20130305/OEM02/130309908/gm-execs-receive-324489-restricted-stock-units]]></link>
<guid>http://www.autonews.com/article/20130305/OEM02/130309908/gm-execs-receive-324489-restricted-stock-units</guid>
<pubDate><![CDATA[Tue, 05 Mar 2013 16:08:42 EST]]></pubDate>
<description><![CDATA[DETROIT (Reuters) -- Eight top General Motors Co. executives have been awarded more than 324,000 restricted stock units that vest over the next three years, according to regulatory documents filed today. The 324,489 units, each representing one share of common stock, were awarded on March 1 as part ...]]></description>
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<title><![CDATA[Ally says U.S. probing retail financing practices]]></title>
<link><![CDATA[http://www.autonews.com/article/20130301/RETAIL07/130309965/ally-says-u-s-probing-retail-financing-practices]]></link>
<guid>http://www.autonews.com/article/20130301/RETAIL07/130309965/ally-says-u-s-probing-retail-financing-practices</guid>
<pubDate><![CDATA[Fri, 01 Mar 2013 18:52:47 EST]]></pubDate>
<description><![CDATA[(Reuters) -- Ally Financial Inc. said in a securities filing on Friday that the Consumer Financial Protection Bureau has recently told the U.S. auto lender that it is being investigated for certain "retail financing practices." Ally said in the annual 10-K filing with the U.S. Securities and Exchange Commission that the probe could result in actions against the company. An Ally spokeswoman declined to comment. Ally's lending includes retail financing and leasing for new and used vehicles for consumers. Bloomberg reported on Feb. 21 that the CFPB has notified at least four banks that it may sue them over vehicle loans and interest-rate markups by auto dealers that appear discriminatory. It's unclear whether Ally was one of those four banks. over vehicle loans and interest-rate markups by auto dealers that appear discriminatory, three people briefed on the matter told Bloomberg. - See more at: http://www.autonews.com/article/20130221/RETAIL02/130229974/banks-may-be-sued-by-u-s-for-auto-lending-activities-report-says#axzz2MKiIAmMJ that it may sue them over vehicle loans and interest-rate markups by auto dealers that appear discriminatory, - See more at: http://www.autonews.com/article/20130221/RETAIL02/130229974/banks-may-be-sued-by-u-s-for-auto-lending-activities-report-says#axzz2MKiIAmMJ it may sue them over vehicle loans and interest-rate markups by auto dealers that appear discriminatory, t - See more at: http://www.autonews.com/article/20130221/RETAIL02/130229974/banks-may-be-sued-by-u-s-for-auto-lending-activities-report-says#axzz2MKiIAmMJ it may sue them over vehicle loans and interest-rate markups by auto dealers that appear discriminatory, t - See more at: http://www.autonews.com/article/20130221/RETAIL02/130229974/banks-may-be-sued-by-u-s-for-auto-lending-activities-report-says#axzz2MKiIAmMJ Ally also said today its CEO Michael Carpenter earned $9.6 million in stock and other compensation in 2012, a figure that was largely unchanged from 2011. Ally, the former financing arm of General Motors Co., is 74 percent owned by the U.S. government after a series of bailouts during the financial crisis. An internal watchdog had said in January that the U.S. Treasury Department in 2012 failed to curb executive pay at companies rescued with taxpayer funds, the second straight year that it did not live up to its own rules. In the same year, the Treasury's Office of the Special Master had acceded to company requests in approving multi-million-dollar pay packages and pay hikes for top executives at General Motors, AIG and Ally Financial. The Special Master approved all 18 pay raises requested by the companies, for a total of $6.2 million, and approved pay packages of at least $1 million for 68 of the 69 employees at the companies it was overseeing, the report found.]]></description>
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<title><![CDATA[Honda's Big Comeback (2/26/13)]]></title>
<link><![CDATA[http://search.autonews.com/v/71530125/honda-s-big-comeback-2-26-13.htm?]]></link>
<guid>http://search.autonews.com/v/71530125/honda-s-big-comeback-2-26-13.htm?</guid>
<pubDate><![CDATA[Tue, 26 Feb 2013 16:12:41 EST]]></pubDate>
<description><![CDATA[Honda lands at top in three Consumer Reports categories, Detroit brands lag; damage control at Tesla; GM reveals CEO pay.]]></description>
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<title><![CDATA[GM paid CEO Akerson $11.1 million for 2012]]></title>
<link><![CDATA[http://www.autonews.com/article/20130226/OEM02/130229915/gm-paid-ceo-akerson-11-1-million-for-2012]]></link>
<guid>http://www.autonews.com/article/20130226/OEM02/130229915/gm-paid-ceo-akerson-11-1-million-for-2012</guid>
<pubDate><![CDATA[Tue, 26 Feb 2013 15:51:12 EST]]></pubDate>
<description><![CDATA[Editor's note: Update clarifies that Akerson's compensation was within Treasury guidelines. DETROIT -- General Motors paid CEO Dan Akerson $11.1 million last year, a GM official with knowledge of the matter said today. The official disclosed Akerson's 2012 pay about a month ahead of GM's formal ...]]></description>
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<title><![CDATA[Move to Ford meant big payday for Jim Farley]]></title>
<link><![CDATA[http://www.autonews.com/article/20130225/OEM02/302259985/move-to-ford-meant-big-payday-for-jim-farley]]></link>
<guid>http://www.autonews.com/article/20130225/OEM02/302259985/move-to-ford-meant-big-payday-for-jim-farley</guid>
<pubDate><![CDATA[Mon, 25 Feb 2013 00:01:00 EST]]></pubDate>
<description><![CDATA[If the car business were baseball, Jim Farley would be a prime bonus baby. When Ford recruited the marketing whiz from Toyota in 2007, it paid him a hefty signing bonus, according to a 10-K document Ford filed last week with the Securities and Exchange Commission. According to the document, Ford ...]]></description>
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<title><![CDATA[What Tesla should do to become a 'real company']]></title>
<link><![CDATA[http://www.autonews.com/article/20130216/BLOG06/130219878/what-tesla-should-do-to-become-a-real-company]]></link>
<guid>http://www.autonews.com/article/20130216/BLOG06/130219878/what-tesla-should-do-to-become-a-real-company</guid>
<pubDate><![CDATA[Sat, 16 Feb 2013 13:10:00 EST]]></pubDate>
<description><![CDATA[LOS ANGELES -- Tesla Motors CEO Elon Musk recently predicted that the electric-vehicle manufacturer would report a first-ever quarterly profit sometime in 2013. Doing so would make it "a real company," Musk added. But what also makes an automaker a legitimate entity is reporting its monthly vehicle ...]]></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[GM to Seal Stock Buy (12/21/12)]]></title>
<link><![CDATA[http://search.autonews.com/v/68562812/gm-to-seal-stock-buy-12-21-12.htm?]]></link>
<guid>http://search.autonews.com/v/68562812/gm-to-seal-stock-buy-12-21-12.htm?</guid>
<pubDate><![CDATA[Fri, 21 Dec 2012 08:33:29 EST]]></pubDate>
<description><![CDATA[$5.5 billion U.S. share purchase closing today; a shift at Nissan; ironic twist for Suzuki; dealers, Mini poke apocalyptic fun.]]></description>
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<title><![CDATA[Amid slow sales, Coda idles 50]]></title>
<link><![CDATA[http://www.autonews.com/article/20121217/OEM06/312179995/amid-slow-sales-coda-idles-50]]></link>
<guid>http://www.autonews.com/article/20121217/OEM06/312179995/amid-slow-sales-coda-idles-50</guid>
<pubDate><![CDATA[Mon, 17 Dec 2012 00:01:00 EST]]></pubDate>
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<title><![CDATA[Coda lays off 50 employees amid sluggish sales of EV]]></title>
<link><![CDATA[http://www.autonews.com/article/20121211/OEM05/121219963/coda-lays-off-50-employees-amid-sluggish-sales-of-ev]]></link>
<guid>http://www.autonews.com/article/20121211/OEM05/121219963/coda-lays-off-50-employees-amid-sluggish-sales-of-ev</guid>
<pubDate><![CDATA[Tue, 11 Dec 2012 18:11:25 EST]]></pubDate>
<description><![CDATA[LOS ANGELES andndash; Coda Automotive, the struggling producer of Chinese-made electric vehicles, has laid off about 50 employees. The layoffs, representing about 15 percent of Coda's workforce, affected employees from all areas of the company, Forrest Beanum, Coda's senior vice president of ...]]></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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