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<title><![CDATA[Cruze Diesel a Jetta Fighter (5/20/13)]]></title>
<link><![CDATA[http://search.autonews.com/v/75136438/cruze-diesel-a-jetta-fighter-5-20-13.htm?]]></link>
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<pubDate><![CDATA[Mon, 20 May 2013 08:25:18 EDT]]></pubDate>
<description><![CDATA[GM: Chevy better in horsepower, torque, MPG; GM wants back in 'club'; Hellcat for Chrysler; Nissan-Mitsubishi minicar.]]></description>
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<title><![CDATA[China's Drag on Nissan (5/10/13)]]></title>
<link><![CDATA[http://search.autonews.com/v/74757446/china-s-drag-on-nissan-5-10-13.htm?]]></link>
<guid>http://search.autonews.com/v/74757446/china-s-drag-on-nissan-5-10-13.htm?</guid>
<pubDate><![CDATA[Fri, 10 May 2013 08:24:55 EDT]]></pubDate>
<description><![CDATA[Annual profit barely up, but quarterly net grows 46%; Bill Ford urges investor patience; Jeep dealer finds a custom solution.]]></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[GM redemption seen culminating in return to SandP 500 Index]]></title>
<link><![CDATA[http://www.autonews.com/article/20130501/OEM/130509990/gm-redemption-seen-culminating-in-return-to-sp-500-index]]></link>
<guid>http://www.autonews.com/article/20130501/OEM/130509990/gm-redemption-seen-culminating-in-return-to-sp-500-index</guid>
<pubDate><![CDATA[Wed, 01 May 2013 11:45:05 EDT]]></pubDate>
<description><![CDATA[DETROIT (Bloomberg) -- As the U.S. Treasury sells off its shares of General Motors Co., the automaker is likely to return to the Standard and Poor's 500 Index in the next year, passing another milestone in its redemption. "GM is a pretty highly eligible candidate for an addition to the SandP 500 ...]]></description>
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<title><![CDATA[Bankruptcy for EV Maker (5/1/13)]]></title>
<link><![CDATA[http://search.autonews.com/v/74300655/bankruptcy-for-ev-maker-5-1-13.htm?]]></link>
<guid>http://search.autonews.com/v/74300655/bankruptcy-for-ev-maker-5-1-13.htm?</guid>
<pubDate><![CDATA[Wed, 01 May 2013 08:40:02 EDT]]></pubDate>
<description><![CDATA[Coda to focus on storage; dealership buying, selling rises; Lincoln MKZ gains footing; Chrysler reaps rewards from 'Farmer' ad.]]></description>
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<title><![CDATA[Chrysler's outlook raised to positive from stable by SandP]]></title>
<link><![CDATA[http://www.autonews.com/article/20130430/OEM/130439980/chryslers-outlook-raised-to-positive-from-stable-by-sp]]></link>
<guid>http://www.autonews.com/article/20130430/OEM/130439980/chryslers-outlook-raised-to-positive-from-stable-by-sp</guid>
<pubDate><![CDATA[Tue, 30 Apr 2013 18:39:48 EDT]]></pubDate>
<description><![CDATA[DETROIT (Reuters) -- Chrysler Group may get an upgrade in its credit rating in the next 12 months, said Standard and Poor's, which raised Chrysler's outlook to "positive" from "stable" on Tuesday. SandP changed its outlook on the company to positive even after Chrysler posted a 65-percent drop in ...]]></description>
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<title><![CDATA[Federal-Mogul shares rise 16% as restructuring takes hold]]></title>
<link><![CDATA[http://www.autonews.com/article/20130424/OEM10/130429942/federal-mogul-shares-rise-16-as-restructuring-takes-hold]]></link>
<guid>http://www.autonews.com/article/20130424/OEM10/130429942/federal-mogul-shares-rise-16-as-restructuring-takes-hold</guid>
<pubDate><![CDATA[Wed, 24 Apr 2013 16:11:44 EDT]]></pubDate>
<description><![CDATA[DETROIT (Bloomberg) -- Shares in Federal-Mogul Corp., the diversified auto-parts supplier controlled by billionaire Carl Icahn, rose the most in more than four years after the company reported operational profits that show a restructuring effort is working, Gabelli and Co. analyst Brian Sponheimer ...]]></description>
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<title><![CDATA[PSA bank rating cut to junk by Moody's on Europe car-sales slump]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130416/ANE/304169938/psa-bank-rating-cut-to-junk-by-moodys-on-europe-car-sales-slump]]></link>
<guid>http://europe.autonews.com/article/20130416/ANE/304169938/psa-bank-rating-cut-to-junk-by-moodys-on-europe-car-sales-slump</guid>
<pubDate><![CDATA[Tue, 16 Apr 2013 05:04:20 EDT]]></pubDate>
<description><![CDATA[PARIS (Bloomberg) -- PSA/Peugeot-Citroen's wholly-owned bank was cut to one level below investment grade by Moody's Investors Service today, after the ratings agency said the auto-financing unit can't escape the European car-market contraction plaguing its parent. The long-term rating on Banque PSA ...]]></description>
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<title><![CDATA[PSA credit rating cut on Europe recovery doubts]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130411/ANE/304119893/-psa-credit-rating-cut-on-europe-recovery-doubts]]></link>
<guid>http://europe.autonews.com/article/20130411/ANE/304119893/-psa-credit-rating-cut-on-europe-recovery-doubts</guid>
<pubDate><![CDATA[Thu, 11 Apr 2013 04:04:21 EDT]]></pubDate>
<description><![CDATA[PARIS (Bloomberg) -- PSA/Peugeot-Citroen's credit rating was cut one step to four levels below investment grade by Moody's Investors Service, which said a contraction in Europe's car market will put at risk the automaker's plans to restore cash flow. The long-term rating on PSA's debt was lowered ...]]></description>
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<title><![CDATA[How the Fed fueled surge in subprime loans]]></title>
<link><![CDATA[http://www.autonews.com/article/20130410/FINANCE_AND_INSURANCE/304109994/how-the-fed-fueled-surge-in-subprime-loans]]></link>
<guid>http://www.autonews.com/article/20130410/FINANCE_AND_INSURANCE/304109994/how-the-fed-fueled-surge-in-subprime-loans</guid>
<pubDate><![CDATA[Wed, 10 Apr 2013 00:01:00 EDT]]></pubDate>
<description><![CDATA[JASPER, Ala. (Reuters) -- Thanks largely to the U.S. Federal Reserve, Jeffrey Nelson was able to put up a shotgun as down payment on a car. Money was tight last year for the school-bus driver and neighborhood constable in Jasper, Ala., a beaten-down town of 14,000 people. One car had already been ...]]></description>
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<title><![CDATA[How the Fed fueled an explosion in subprime auto loans]]></title>
<link><![CDATA[http://www.autonews.com/article/20130407/RETAIL02/130409912/how-the-fed-fueled-an-explosion-in-subprime-auto-loans]]></link>
<guid>http://www.autonews.com/article/20130407/RETAIL02/130409912/how-the-fed-fueled-an-explosion-in-subprime-auto-loans</guid>
<pubDate><![CDATA[Sun, 07 Apr 2013 00:01:00 EDT]]></pubDate>
<description><![CDATA[JASPER, Ala. (Reuters) -- Thanks largely to the U.S. Federal Reserve, Jeffrey Nelson was able to put up a shotgun as down payment on a car. Money was tight last year for the school-bus driver and neighborhood constable in Jasper, Ala., a beaten-down town of 14,000 people. One car had already been ...]]></description>
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<title><![CDATA[U.S. auto sales wrapping up a strong March]]></title>
<link><![CDATA[http://www.autonews.com/article/20130329/RETAIL01/130329836/u-s-auto-sales-wrapping-up-a-strong-march]]></link>
<guid>http://www.autonews.com/article/20130329/RETAIL01/130329836/u-s-auto-sales-wrapping-up-a-strong-march</guid>
<pubDate><![CDATA[Fri, 29 Mar 2013 14:25:09 EDT]]></pubDate>
<description><![CDATA[Editor's note: An earlier version of this story gave the wrong date for when Barclays analyst Brian Johnson raised his forecast for 2013 industry U.S. sales to 15.5 million. It was in November 2012. U.S. auto sales are finishing March on an upbeat note, with analysts expecting the industry to extend its strongest streak in five years. Three independent forecasters predict a seasonally adjusted annual sales rate of 15.3 million, nearly matching February's 15.36 million SAAR and up 8 percent from a year earlier on a unit basis. Kelley Blue Book is at the low end of forecasts, at 15.2 million. More positive are Barclays at 15.5 million and Edmunds.com at 15.6 million. A performance at those levels would mark the fifth straight month above the 15 million rate. The last streak of that length ended in early 2008, as the economy veered into recession. Automakers release March results on Tuesday, April 2. "We will have a strong March" Ludwig Willisch, CEO of BMW of North America, said at the New York auto show this week. "For the rest of the year, we are looking at constant growth." BMW sales cooled in the first two months of the year, rising 1 percent after a December surge. The German automaker's results trailed the industry's 8 percent gain. Early Easter Mercedes-Benz USA CEO Steve Cannon isn't sure if ending the month with an earlier-than-usual Easter will affect retail sales, but said "it will be a record March" anyhow. But Mike Hoornaert, general manager at Fox Automotive in Rochester Hills, Mich., said "it looks like it is going to be a strong close." Hoornaert said customers at his Chevrolet, Toyota and Volkswagen stores are no longer reacting much to politics. But they do respond to incentives. "It all depends on the incentives," he said. Robert Davis, senior vice president of Mazda's U.S. operations group, said incentives remain at reasonable levels, but big players in highly competitive segments can raise the ante for everybody. He said American Honda spent big on outgoing Civic models in the fourth quarter and now has a smaller incentive on the new-generation Civic. "Everybody had to react to that," Davis said in New York. "They're so dominant in that segment that when they make a move everybody else makes a move with it." General Motors expects to finish the first quarter with an increase in market share for retail and fleet, Alan Batey, interim marketing chief and head of U.S. sales, said at the New York show. "The first quarter has been on the high end of our expectations," he said. "We're a little bit above where we thought we'd be." He added: "March looks really strong." Expectations also are rising for the full year on improving U.S. economic indicators. The Dow Jones 30 Industrials and Standard and Poor's 500 indexes set record highs this month. IHS Global Insight economist Nigel Gault expects gains next week in monthly reports on manufacturing, jobs and payroll wages. This week, Barclays analyst Brian Johnson reiterated his total 2013 U.S. sales forecast of 15.5 million andndash; 1 million more than last year's total and 5 million more than the 10.4 million sold during the industry collapse of 2009. Ignoring politics Jeff Schuster, the top forecaster for LMC Automotive, said car buyers are ignoring political deadlock. "Consumers do not appear fazed by headwinds from Washington," Schuster said. referring to the battles in Washington over the fiscal cliff and the sequester spending cuts. "Auto sales are outperforming earlier expectations." Mercedes' Cannon said: "We are thrilled about the start of the year and confident with the economy, feeling like it is gaining traction." General Manager Rick Jones of Mike Shaw Toyota in Corpus Christi, Texas, said he's "bullish" on April. "With increased credit availability, Toyota incentives being strong and the redesigned RAV4, I think April will be like March," he said. "It's going to be a barn burner." Mike Colias, Diana T. Kurylko, Ryan Beene and Andrew Thurlow contributed to this report]]></description>
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<title><![CDATA[Sonic, citing weak accounting controls at dealerships, delays annual report]]></title>
<link><![CDATA[http://www.autonews.com/article/20130318/RETAIL07/130319919/sonic-citing-weak-accounting-controls-at-dealerships-delays-annual]]></link>
<guid>http://www.autonews.com/article/20130318/RETAIL07/130319919/sonic-citing-weak-accounting-controls-at-dealerships-delays-annual</guid>
<pubDate><![CDATA[Mon, 18 Mar 2013 12:53:05 EDT]]></pubDate>
<description><![CDATA[(Bloomberg) -- Sonic Automotive Inc. told regulators on Monday it delayed the filing of its annual report because of weak accounting controls at its dealerships. Sonic said in a regulatory filing it believes that financial results will be the same as reported on Feb. 20, when the Charlotte, ...]]></description>
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<title><![CDATA[Ford seeks more pension stability after funding shortfall widens]]></title>
<link><![CDATA[http://www.autonews.com/article/20130316/OEM/303169964/ford-seeks-more-pension-stability-after-funding-shortfall-widens]]></link>
<guid>http://www.autonews.com/article/20130316/OEM/303169964/ford-seeks-more-pension-stability-after-funding-shortfall-widens</guid>
<pubDate><![CDATA[Sat, 16 Mar 2013 00:34:21 EDT]]></pubDate>
<description><![CDATA[DETROIT (Bloomberg) -- Ford Motor Co., moving to close a growing deficit in its pension, will shift more of its plan's assets to fixed income to shield against changes in interest rates. The shortfall for Ford's U.S. pension plans would have dropped by $2.3 billion or risen by $2.8 billion as of ...]]></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[PSA will offer retail banking to raise funds for dealers, auto ops]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130308/ANE/303089957/psa-will-offer-retail-banking-to-raise-funds-for-dealers-auto-ops]]></link>
<guid>http://europe.autonews.com/article/20130308/ANE/303089957/psa-will-offer-retail-banking-to-raise-funds-for-dealers-auto-ops</guid>
<pubDate><![CDATA[Fri, 08 Mar 2013 00:01:00 EST]]></pubDate>
<description><![CDATA[PARIS (Bloomberg) -- PSA/Peugeot-Citroen will offer savings accounts through its financing arm to raise funding for dealerships and other automotive operations. Banque PSA Finance is targeting deposits of 400 million euros ($521 million) by the end of the year, Chief Financial Officer Jean-Baptiste ...]]></description>
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<title><![CDATA[Federal-Mogul plans more plant closings amid cash burn, third straight quarterly loss]]></title>
<link><![CDATA[http://www.autonews.com/article/20130227/OEM10/130229895/federal-mogul-plans-more-plant-closings-amid-cash-burn-third]]></link>
<guid>http://www.autonews.com/article/20130227/OEM10/130229895/federal-mogul-plans-more-plant-closings-amid-cash-burn-third</guid>
<pubDate><![CDATA[Wed, 27 Feb 2013 15:41:06 EST]]></pubDate>
<description><![CDATA[DETROIT (Bloomberg) -- Federal-Mogul Corp. said the slowdown in Europe's vehicle market contributed to a third straight quarterly loss and will force more plant closings in the region. Federal-Mogul said today that it will shut more factories, mostly in western Europe, and shift the work by 2015 to ...]]></description>
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<title><![CDATA[Delphi initiates dividend to show confidence in business]]></title>
<link><![CDATA[http://www.autonews.com/article/20130226/OEM10/130229921/delphi-initiates-dividend-to-show-confidence-in-business]]></link>
<guid>http://www.autonews.com/article/20130226/OEM10/130229921/delphi-initiates-dividend-to-show-confidence-in-business</guid>
<pubDate><![CDATA[Tue, 26 Feb 2013 08:19:40 EST]]></pubDate>
<description><![CDATA[DETROIT (Bloomberg) -- Delphi Automotive Plc, the former parts unit of General Motors Co., initiated a dividend, its first since returning to the public markets after bankruptcy. Delphi will pay a dividend of 17 cents a share on March 27 to shareholders of record at the close of business on March ...]]></description>
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<title><![CDATA[Tesla loss widens but EV maker expects to become profitable in Q1]]></title>
<link><![CDATA[http://www.autonews.com/article/20130220/OEM05/130229984/tesla-loss-widens-but-ev-maker-expects-to-become-profitable-in-q1]]></link>
<guid>http://www.autonews.com/article/20130220/OEM05/130229984/tesla-loss-widens-but-ev-maker-expects-to-become-profitable-in-q1</guid>
<pubDate><![CDATA[Wed, 20 Feb 2013 17:18:59 EST]]></pubDate>
<description><![CDATA[LOS ANGELES -- Tesla Motors Inc. expects to become profitable in the first quarter as it works to reduce manufacturing costs and benefits from a backlog of Model S orders. Tesla's fourth-quarter revenue jumped to $306.3 million compared to $39.4 million in the same quarter last year. The company ...]]></description>
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<title><![CDATA[Ford to give Mulally bonus payment after he retires]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130220/ANE/302209860/ford-to-give-mulally-bonus-payment-after-he-retires]]></link>
<guid>http://europe.autonews.com/article/20130220/ANE/302209860/ford-to-give-mulally-bonus-payment-after-he-retires</guid>
<pubDate><![CDATA[Wed, 20 Feb 2013 00:01:00 EST]]></pubDate>
<description><![CDATA[DETROIT (Bloomberg) -- Ford Motor Co. is planning to pay a bonus to CEO Alan Mulally after his employment ends as a reward for leading the automaker through its turnaround. The payment will be based on Ford's contributions to Mulally's company retirement and benefit equalization plans, the company ...]]></description>
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<title><![CDATA[PSA's banking unit cut to junk by SandP on sluggish Europe car sales]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130215/ANE/302159935/psas-banking-unit-cut-to-junk-by-sp-on-sluggish-europe-car-sales]]></link>
<guid>http://europe.autonews.com/article/20130215/ANE/302159935/psas-banking-unit-cut-to-junk-by-sp-on-sluggish-europe-car-sales</guid>
<pubDate><![CDATA[Fri, 15 Feb 2013 02:34:22 EST]]></pubDate>
<description><![CDATA[PARIS (Bloomberg) -- PSA/Peugeot-Citroen has been downgraded by Standard and Poor's Ratings Services while its banking unit has been cut to junk by the ratings firm on sluggish sales forecasts in Europe. PSA's long-term debt was cut to BB-, or three levels below investment grade, and Banque PSA ...]]></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[Delphi posts lower Q4 results, but expects improved 2013 results]]></title>
<link><![CDATA[http://www.autonews.com/article/20130205/OEM10/130209941/delphi-posts-lower-q4-results-but-expects-improved-2013-results]]></link>
<guid>http://www.autonews.com/article/20130205/OEM10/130209941/delphi-posts-lower-q4-results-but-expects-improved-2013-results</guid>
<pubDate><![CDATA[Tue, 05 Feb 2013 13:07:07 EST]]></pubDate>
<description><![CDATA[DETROIT (Reuters) -- Parts supplier Delphi Automotive posted lower quarterly earnings and revenue in the fourth quarter, citing weakness in its European business, but forecast an increase in 2013 results. Net income in the fourth quarter fell to $136 million, or 43 cents a share, from $290 million, ...]]></description>
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<title><![CDATA[Subprime lenders expect strong 2013]]></title>
<link><![CDATA[http://www.autonews.com/article/20130130/FINANCE_AND_INSURANCE/130129878/subprime-lenders-expect-strong-2013]]></link>
<guid>http://www.autonews.com/article/20130130/FINANCE_AND_INSURANCE/130129878/subprime-lenders-expect-strong-2013</guid>
<pubDate><![CDATA[Wed, 30 Jan 2013 00:01:00 EST]]></pubDate>
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