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<title><![CDATA[RSS for Earnings]]></title>
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<atom:link xmlns:atom="http://www.w3.org/2005/Atom" type="application/rss+xml" rel="self" href="http://search.autonews.com/urss?pageid=404367"/>
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<title><![CDATA[PSA will close randd site to reduce spending]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130522/ANE/305229988/psa-will-close-rd-site-to-reduce-spending]]></link>
<guid>http://europe.autonews.com/article/20130522/ANE/305229988/psa-will-close-rd-site-to-reduce-spending</guid>
<pubDate><![CDATA[Wed, 22 May 2013 03:49:21 EDT]]></pubDate>
<description><![CDATA[PSA/Peugeot-Citroen will shut a French research and development facility as part of a program to reduce spending. No jobs will be eliminated in the closing of the complex in the Paris suburb of Meudon-la-Foret, PSA spokeswoman Cecile Damide said today. "We are consolidating our industrial sites so ...]]></description>
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<title><![CDATA[Are worries over slower, smaller tax refunds overblown?]]></title>
<link><![CDATA[http://www.autonews.com/article/20130522/BLOG13/305229996/are-worries-over-slower-smaller-tax-refunds-overblown]]></link>
<guid>http://www.autonews.com/article/20130522/BLOG13/305229996/are-worries-over-slower-smaller-tax-refunds-overblown</guid>
<pubDate><![CDATA[Wed, 22 May 2013 00:01:00 EDT]]></pubDate>
<description><![CDATA[Some lenders complained in first-quarter earnings reports about smaller and later tax refunds. IRS refund statistics weren't down by much, but any change is important because tax refunds contribute to the annual peak in subprime financing, according to dealers and subprime lenders. Charles Bradley, ...]]></description>
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<title><![CDATA[Schaeffler confirms 2013 outlook, net debt]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130521/ANE/130529982/schaeffler-confirms-2013-outlook-net-debt]]></link>
<guid>http://europe.autonews.com/article/20130521/ANE/130529982/schaeffler-confirms-2013-outlook-net-debt</guid>
<pubDate><![CDATA[Tue, 21 May 2013 05:14:01 EDT]]></pubDate>
<description><![CDATA[FRANKFURT (Reuters) -- German supplier Schaeffler has confirmed its annual forecast for revenue growth of about four percent and an operating profit margin of approximately 13 percent, despite a decline in first-quarter results. "Although we are not anticipating a quick recovery of the European ...]]></description>
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<title><![CDATA[German brands enjoy sales boom in Korea]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130521/ANE/305219975/german-brands-enjoy-sales-boom-in-korea]]></link>
<guid>http://europe.autonews.com/article/20130521/ANE/305219975/german-brands-enjoy-sales-boom-in-korea</guid>
<pubDate><![CDATA[Tue, 21 May 2013 00:01:00 EDT]]></pubDate>
<description><![CDATA[SEOUL (Bloomberg) -- South Korea has become a growth market for BMW, Mercedes-Benz and Audi as lower tariffs make their cars cheaper and local buyers abandon a decades-long preference for domestic brands. Foreign brands have seen their share of South Korea's market for premium vehicles surge to 41 ...]]></description>
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<title><![CDATA[CFO says GM streamlining is 'on its way']]></title>
<link><![CDATA[http://www.autonews.com/article/20130520/OEM02/305209994/cfo-says-gm-streamlining-is-on-its-way]]></link>
<guid>http://www.autonews.com/article/20130520/OEM02/305209994/cfo-says-gm-streamlining-is-on-its-way</guid>
<pubDate><![CDATA[Mon, 20 May 2013 00:01:00 EDT]]></pubDate>
<description><![CDATA[DETROIT -- As a banking adviser to General Motors when he was at Morgan Stanley, Dan Ammann got an upfront view of GM's spiral into bankruptcy in 2009 and subsequent restructuring. Now, more than two years into his job as CFO, Ammann acknowledges that he had only a faint idea at the time of how ...]]></description>
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<title><![CDATA[Hyundai, Kia losing ground to luxury imports at home as tariffs fall]]></title>
<link><![CDATA[http://www.autonews.com/article/20130519/GLOBAL/305199999/hyundai-kia-losing-ground-to-luxury-imports-at-home-as-tariffs-fall]]></link>
<guid>http://www.autonews.com/article/20130519/GLOBAL/305199999/hyundai-kia-losing-ground-to-luxury-imports-at-home-as-tariffs-fall</guid>
<pubDate><![CDATA[Sun, 19 May 2013 00:01:00 EDT]]></pubDate>
<description><![CDATA[SEOUL (Bloomberg) -- Lee Tack Young says Hyundai Motor Co.'s luxury vehicles are oversized, overpriced gas guzzlers. So he opted for a more modest alternative: a BMW 528i. Foreign brands have seen their share of South Korea's market for premium vehicles surge to 41 percent from 28 percent in the ...]]></description>
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<title><![CDATA[New S class key to boosting Mercedes profit margins, China sales]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130517/ANE/305179964/new-s-class-key-to-boosting-mercedes-profit-margins-china-sales]]></link>
<guid>http://europe.autonews.com/article/20130517/ANE/305179964/new-s-class-key-to-boosting-mercedes-profit-margins-china-sales</guid>
<pubDate><![CDATA[Fri, 17 May 2013 00:01:00 EDT]]></pubDate>
<description><![CDATA[SHANGHAI (Bloomberg) -- Daimler CEO Dieter Zetsche was leaning back in the rear seat of a prototype Mercedes-Benz S-class sedan in 2010 when he realized it didn't recline far enough. With wealthy consumers accustomed to sumptuous airline seats, he figured Mercedes needed to approach that level of ...]]></description>
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<title><![CDATA[New S class key to boosting Mercedes profit margins, China sales]]></title>
<link><![CDATA[http://www.autonews.com/article/20130516/GLOBAL03/305169995/new-s-class-key-to-boosting-mercedes-profit-margins-china-sales]]></link>
<guid>http://www.autonews.com/article/20130516/GLOBAL03/305169995/new-s-class-key-to-boosting-mercedes-profit-margins-china-sales</guid>
<pubDate><![CDATA[Thu, 16 May 2013 09:00:00 EDT]]></pubDate>
<description><![CDATA[SHANGHAI (Bloomberg) -- Daimler AG CEO Dieter Zetsche was leaning back in the rear seat of a prototype Mercedes-Benz S-class sedan in 2010 when he realized it didn't recline far enough. With wealthy consumers accustomed to sumptuous airline seats, he figured Mercedes needed to approach that level ...]]></description>
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<title><![CDATA[Honda returns to F1 racing as engine supplier]]></title>
<link><![CDATA[http://www.autonews.com/article/20130516/OEM06/305169967/honda-returns-to-f1-racing-as-engine-supplier]]></link>
<guid>http://www.autonews.com/article/20130516/OEM06/305169967/honda-returns-to-f1-racing-as-engine-supplier</guid>
<pubDate><![CDATA[Thu, 16 May 2013 03:49:21 EDT]]></pubDate>
<description><![CDATA[TOKYO (Bloomberg) -- Honda Motor Co. will return to Formula One as an engine supplier to help develop vehicle technology after exiting the racing series in 2008. Honda will provide motors to its former F1 racing partner McLaren Automotive Ltd. starting in 2015, Takanobu Ito, president of the ...]]></description>
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<title><![CDATA[Continental kept in the dark over Schaeffler's decision to end investment agreement]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130515/ANE/130519935/continental-kept-in-the-dark-over-schaefflers-decision-to-end]]></link>
<guid>http://europe.autonews.com/article/20130515/ANE/130519935/continental-kept-in-the-dark-over-schaefflers-decision-to-end</guid>
<pubDate><![CDATA[Wed, 15 May 2013 08:35:56 EDT]]></pubDate>
<description><![CDATA[HANOVER, Germany (Reuters) -- Continental said it was kept in the dark about the decision of Schaeffler to quit a five-year-old investment accord. Continental CEO Elmar Degenhart said he does not know how their future relationship of the two German suppliers will evolve. Family-owned Schaeffler, ...]]></description>
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<title><![CDATA[Ally clears barrier for IPO with plan to resolve mortgage claims]]></title>
<link><![CDATA[http://www.autonews.com/article/20130515/FINANCE_AND_INSURANCE/305169996/ally-clears-barrier-for-ipo-with-plan-to-resolve-mortgage-claims]]></link>
<guid>http://www.autonews.com/article/20130515/FINANCE_AND_INSURANCE/305169996/ally-clears-barrier-for-ipo-with-plan-to-resolve-mortgage-claims</guid>
<pubDate><![CDATA[Wed, 15 May 2013 00:01:00 EDT]]></pubDate>
<description><![CDATA[SAN FRANCISCO (Bloomberg) -- Ally Financial Inc. moved closer to repaying its government bailout as the auto lender reached agreement with creditors of its bankrupt mortgage unit. While financial terms of the accord weren't included in a statement today from Ally , the company said it will be insulated from private claims against its Residential Capital LLC mortgage arm, once ranked among of the largest originators of subprime mortgages. The sum will be kept confidential until next week when debtors are expected to formally support the plan in court, Ally said. ResCap's bankruptcy has been one of the biggest sticking points as Ally seeks to sell shares to the public and pay back a $17.2 billion bailout received during the global credit crisis. Ally CEO Michael Carpenter has been selling assets to raise money and reiterated this month that an initial stock offering would be the best option. The accord is "a seminal moment for Ally" that will "put the issues related to the mortgage industry behind us," Carpenter said in the statement. The company will be free to concentrate on auto finance, where Ally said last year it was ranked No. 1 in combined sales and leasing, and its online bank. If approved, the agreement may head off the possibility that Ally must pay billions more than it budgeted to settle ResCap's debts, including those tied to bad mortgage bonds. ResCap filed for bankruptcy last year as defaults soared and investors demanded refunds. Refund payments The dispute concerns guarantees or "representations and warranties" given to investors on bonds backed by mortgages that ResCap created. Such bonds typically assure buyers they can get refunds if the home loans are later found to be based on faulty data about borrowers or the properties. Defaults on subprime home loans reached record levels during the credit crisis, causing hundreds of mortgage firms to collapse. From 2004 to 2007, a ResCap predecessor issued $197.8 billion in non-agency mortgage bonds, according to Inside Mortgage Finance, an industry publication based in Bethesda, Md. The lender, whose brands included the Ditech online mortgage business, reported more than $14.5 billion in losses from the start of 2007 to the end of 2009. At the time of the filing, Ally proposed paying $750 million to cover such claims, in what Carpenter later called a "hostage payment." Creditors said in a court filing that the liabilities could be as much as $25 billion. Analysts at CreditSights Inc. once estimated Ally would have to pay $3 billion. Bailout package ResCap can repay its creditors using Ally's funds plus more than $4.5 billion from the sale of a mortgage-servicing business and a loan portfolio. Ally, formerly known as GMAC Inc., was owned by General Motors Corp. until 2006, when the automaker sold 51 percent to Cerberus Capital Management LP, a private-equity firm. GMAC almost collapsed under the weight of bad subprime mortgages in 2008. The U.S. took a 74 percent stake in return for a package of financial aid designed to keep credit flowing to the auto industry and preserve jobs. Ally can now turn its attention to the IPO. The company filed to go public in 2011 before putting the idea on hold until ResCap's fate was clear. Carpenter has said he favors a share sale as opposed to selling units such as its online bank. "We're very focused on what's the exit strategy for the U.S. Treasury," Carpenter said May 1 during the firm's quarterly earnings review. "If I had to put money on it right now, I would say the IPO is the best alternative." Capital plan To get there, Ally must resubmit its annual capital plan to the Federal Reserve and show how it will improve the planning process and increase its buffer against losses. The Fed rejected Ally's submission in March, citing "deficiencies." Carpenter publicly disputed the Fed's findings and Ally called the central bank's analysis "fundamentally flawed." Ally probably will need to convert $5.9 billion of preferred shares owned by the U.S. government into common equity to simplify its capital structure. The company said the Fed could force the conversion as one way to boost capital levels. Ally has collected about $7.6 billion through the sale of international units, and at least another $850 million through the sale of mortgage servicing rights, or contracts to collect payments and handle billing for home loans. The company needs regulatory approval to pass the proceeds onto taxpayers. Carpenter, who took over as CEO in November 2009 and filed for the IPO in March 2011, once predicted that an initial share sale could value Ally at $30 billion. That was before the bankruptcy and the asset sales. Creditors who have agreed to settle include Paulson and Co., MBIA Insurance Corp. and a group of securitization trusts suing for losses related to bad mortgages written by ResCap, Ally said in the statement. The settlement doesn't resolve claims against Ally that aren't related to ResCap's bankruptcy, including those brought by the Federal Housing Finance Agency and the Federal Deposit Insurance Corp., Ally said.]]></description>
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<title><![CDATA[BMW's Reithofer tells Germans to embrace EVs]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130515/ANE/305149937/bmws-reithofer-tells-germans-to-embrace-evs]]></link>
<guid>http://europe.autonews.com/article/20130515/ANE/305149937/bmws-reithofer-tells-germans-to-embrace-evs</guid>
<pubDate><![CDATA[Wed, 15 May 2013 00:01:00 EDT]]></pubDate>
<description><![CDATA[FRANKFURT (Bloomberg) -- BMW CEO Norbert Reithofer told his fellow Germans to set aside their worries and embrace electric-vehicle technology. "Germany is respected and admired the world over for its engineering expertise and powers of innovation, but 'German angst' is also a concept the rest of the world is familiar with," Reithofer said on Tuesday in Munich. "We like to engage in long and fearful discussions because we Germans tend to see more problems than opportunities, and it is no different with electro-mobility." BMW aims to get its first electric vehicle -- the i3 city car, which will go on sale later this year -- off to a good start even as demand for battery-powered cars has disappointed because of cost and concerns about their range. The car is key for BMW's image as the world's largest luxury-car maker seeks to keep rivals Audi and Mercedes-Benz at bay. To counter electric-car concerns, BMW started a global marketing campaign on Tuesday to promote its "i" sub brand through print and Internet ads and a series of nine online videos. The automaker manufacturer will also offer the i3 with an auxiliary engine that kicks in if the battery runs out of power. The range extender can allow the car to drive over 300 kilometers before needing to recharge, more than double the normal distance on the battery alone. 'Disenchantment phase' "After the hype, we're now in a phase of disenchantment on electric mobility," said Stefan Bratzel, director of the Center of Automotive Management at the University of Applied Sciences in Bergisch Gladbach, Germany. "In Germany, that's a good thing because you look at things more pragmatically." Bratzel estimates that battery-driven cars will account for just 2 percent to 3 percent of the global car market in 2020, while hybrid vehicles account for about 12 percent. BMW, which held its annual shareholders meeting in Munich on Tuesday, stuck to its goal of setting a sales record for the third consecutive year with the 4-series coupe set to help offset a slump in Europe. BMW forecasts that rising demand in China and the United States and 11 new models in 2013, including the i3 and coupe-like 3-series GT, will ward off the effects of the sovereign-debt crisis on Europe's car market, which is sliding to a 20-year low. 'Bold actions' The BMW Group is stepping up investment on new vehicles and technologies as Audi and Mercedes seek to claim the lead in luxury-auto sales by the end of the decade. The additional spending may hold back earnings growth, even as sales advance. "Being the spearhead of change means taking a calculated risk," Reithofer said Tuesday at the Munich meeting. "Progress has to be imagined, earned and paid for. The future belongs to those who dare to take bold actions." BMW reaffirmed its target that pretax profit this year will match 2012's figure of 7.82 billion euros. Earnings before interest and taxes for the auto division are forecast to be in a range of 8 percent to 10 percent of sales in 2013, compared with 10.9 percent last year. BMW shareholders voted at the meeting in favor of a three-year extension for Chairman Joachim Milberg, who was BMW CEO from 1999 to 2002. Investors also approved a dividend of 2.50 euros per common share and 2.52 euros per preferred share for 2012. Sales lead The manufacturer extended its sales lead over its main competitors through the first four months of the year, boosted by higher demand for the X1 compact sport-utility vehicle and the 3-series sedan and wagon. Deliveries of BMW's namesake brand increased 7.1 percent, beating the 6.7 percent gain by Audi and the 5.6 percent advance by Mercedes. In an effort to maintain its edge, BMW will roll out 25 new models by the end of next year, with 10 of them having no predecessor. Its rivals are expanding as well. Mercedes plans to introduce 13 all-new models by the end of the decade, while Audi will doubling its lineup of SUVs to six by 2020, a person familiar with the matter said in February.]]></description>
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<title><![CDATA[BMW seeks third straight sales record as new models offset weak Europe]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130514/ANE/305149973/bmw-seeks-third-straight-sales-record-as-new-models-offset-weak]]></link>
<guid>http://europe.autonews.com/article/20130514/ANE/305149973/bmw-seeks-third-straight-sales-record-as-new-models-offset-weak</guid>
<pubDate><![CDATA[Tue, 14 May 2013 04:49:21 EDT]]></pubDate>
<description><![CDATA[FRANKFURT (Bloomberg) -- BMW stuck to its goal of setting a sales record for the third consecutive year as new models help offset a slump in Europe. BMW forecasts that 11 new models this year, including the coupe-like 3-series GT, and rising demand in China and the U.S. will ward off the effects of ...]]></description>
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<title><![CDATA[Nissan debuts new corporate logo]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130514/ANE/305139921/nissan-debuts-new-corporate-logo]]></link>
<guid>http://europe.autonews.com/article/20130514/ANE/305139921/nissan-debuts-new-corporate-logo</guid>
<pubDate><![CDATA[Tue, 14 May 2013 00:01:00 EDT]]></pubDate>
<description><![CDATA[YOKOHAMA, Japan -- Nissan Motor Co. has gone buttoned-down with a new steel-blue logo that spells out -- literally -- the distinction between Nissan the company and Nissan the brand. The new insignia reads NISSAN MOTOR COMPANY and is accented with a blue-gray color scheme. Underneath are the logos ...]]></description>
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<title><![CDATA[Akerson sees GM profits streaming from in-vehicle connections]]></title>
<link><![CDATA[http://www.autonews.com/article/20130513/OEM06/130519969/akerson-sees-gm-profits-streaming-from-in-vehicle-connections]]></link>
<guid>http://www.autonews.com/article/20130513/OEM06/130519969/akerson-sees-gm-profits-streaming-from-in-vehicle-connections</guid>
<pubDate><![CDATA[Mon, 13 May 2013 12:33:08 EDT]]></pubDate>
<description><![CDATA[DETROIT (Bloomberg) -- One of the first things Dan Akerson did as CEO of General Motors Co. in 2010 was dive into the automaker's telecommunications business to get more profit from that in-car connection. The former telecom executive wanted to know when GM could boost the speed of data services ...]]></description>
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<title><![CDATA[BMW invests 3 billion euros in EVs, report says]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130513/ANE/130519972/bmw-invests-3-billion-euros-in-evs-report-says]]></link>
<guid>http://europe.autonews.com/article/20130513/ANE/130519972/bmw-invests-3-billion-euros-in-evs-report-says</guid>
<pubDate><![CDATA[Mon, 13 May 2013 06:00:26 EDT]]></pubDate>
<description><![CDATA[FRANKFURT -- BMW will invest 3 billion euros through the end of this year on the development of its electric vehicle lineup, funding the "i" subbrand with earnings from its booming business in China, a German business newspaper reported. Handelsblatt said today the sum, which covers 2011 through 2013, is based on calculations it made with the bank Credit Suisse. A BMW spokeswoman told Automotive News Europe that the number was a "little high" and added that she was not sure how the report had arrived at this figure. Citing unofficial sources at the automaker, Handelsblatt estimated that about a third of the BMW Group's 2012 EBIT of 7.6 billion euros were generated by sales in China. The story didn't say how much of BMW Groups 2011 EBIT could be attributed to China. BMW, like other automakers, is developing electric vehicles in a bid to meet stricter emissions rules in the European Union, United States and China. BMW Group's fleet, which includes BMW-, Mini- and Rolls-Royce-brand models, had an average CO2 emissions of 144.8 grams per kilometer in the EU in 2011, according to EU data. It needs to reduce that to 138.4g/km by 2015, at which time the targeted total CO2 fleet average for all cars is 130g/km. The EU is debating new rules that could reduce the total fleet target to 95g/km. Manufacturers hope to be able to offset higher emission vehicles in their fleets through the production of electric cars. BMW plans to launch the first model in its EV lineup, the four seat i3 city car, in the fourth quarter of this year. The company will unveil a production version of the model at the Frankfurt auto show in September. The i3 will be followed by the i8 plug-in hybrid sports car in early 2014. No prices have been announced yet for either model, but the i8's price will exceed 100,000 euros, Ian Robertson, the manufacturer's sales chief, has said. Poor EV sales The i3 will enter a market that has yet to meet industry expectations. In Europe last year Nissan sold 5,210 Leaf EVs, according to figures from JATO Dynamics. That was well below the automaker's target of 9,000 Leaf sales for Europe in 2012. U.S. deliveries of the Leaf failed to reach even half of the 20,000 cars the Japanese manufacturer was targeting last year. BMW, however, is confident of success. Harald Krueger, the carmaker's head of production, has said the group is "charting new territory" with the i3 and i8 models and said he is confident the group will earn money with every BMW i3 sold from the launch on.]]></description>
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<title><![CDATA[Toyota: N.A. to fuel biggest profits in 6 years]]></title>
<link><![CDATA[http://www.autonews.com/article/20130513/OEM/130519984/toyota-n-a-to-fuel-biggest-profits-in-6-years]]></link>
<guid>http://www.autonews.com/article/20130513/OEM/130519984/toyota-n-a-to-fuel-biggest-profits-in-6-years</guid>
<pubDate><![CDATA[Mon, 13 May 2013 00:01:00 EDT]]></pubDate>
<description><![CDATA[TOKYO -- Toyota Motor Corp. expects North America to be its fastest-growing market this fiscal year, driving the company to its highest profits since the global financial crisis. Regional sales in North America, the Japanese carmaker's biggest market, are expected to climb 7 percent to 2.6 million ...]]></description>
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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[Falling yen lifts outlook for Japanese]]></title>
<link><![CDATA[http://www.autonews.com/article/20130513/GLOBAL02/305139946/falling-yen-lifts-outlook-for-japanese]]></link>
<guid>http://www.autonews.com/article/20130513/GLOBAL02/305139946/falling-yen-lifts-outlook-for-japanese</guid>
<pubDate><![CDATA[Mon, 13 May 2013 00:01:00 EDT]]></pubDate>
<description><![CDATA[TOKYO -- For five years, a rising yen undermined Japanese automakers' profits. Now the currency's sudden weakening has delivered dramatic gains, especially in the January-March quarter. Japan's automakers have issued conservative forecasts for the exchange rate in the fiscal year that began April ...]]></description>
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<title><![CDATA[Magna hikes full-year forecast on strong Q1 profit]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130513/ANE/305139920/magna-hikes-full-year-forecast-on-strong-q1-profit]]></link>
<guid>http://europe.autonews.com/article/20130513/ANE/305139920/magna-hikes-full-year-forecast-on-strong-q1-profit</guid>
<pubDate><![CDATA[Mon, 13 May 2013 00:01:00 EDT]]></pubDate>
<description><![CDATA[TORONTO (Reuters) -- Magna International Inc. has hiked its full-year sales forecasts after posting a better-than-expected profit and a 9 percent rise in revenue in the first quarter. Magna, based near Toronto, credited rebounding North American auto demand and increased revenue from Europe, where ...]]></description>
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<title><![CDATA[Penske raises dividend 7%]]></title>
<link><![CDATA[http://www.autonews.com/article/20130510/RETAIL07/130519981/penske-raises-dividend-7]]></link>
<guid>http://www.autonews.com/article/20130510/RETAIL07/130519981/penske-raises-dividend-7</guid>
<pubDate><![CDATA[Fri, 10 May 2013 15:52:35 EDT]]></pubDate>
<description><![CDATA[Penske Automotive Group Inc. increased its quarterly dividend by 7 percent, to 15 cents per share, for the first quarter, the company announced today . The dividend is payable on June 3 to shareholders of record on May 20. The dividend is up 1 cent per share from the previous quarter's payout. Last ...]]></description>
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<title><![CDATA[Nissan debuts new corporate logo]]></title>
<link><![CDATA[http://www.autonews.com/article/20130510/OEM/130519992/nissan-debuts-new-corporate-logo]]></link>
<guid>http://www.autonews.com/article/20130510/OEM/130519992/nissan-debuts-new-corporate-logo</guid>
<pubDate><![CDATA[Fri, 10 May 2013 12:33:54 EDT]]></pubDate>
<description><![CDATA[YOKOHAMA, Japan -- Nissan Motor Co. has gone buttoned-down with a new steel-blue logo that spells out -- literally -- the distinction between Nissan the company and Nissan the brand. The new insignia reads NISSAN MOTOR COMPANY and is accented with a blue-gray color scheme. Underneath are the logos ...]]></description>
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<title><![CDATA[Magna stock hits record high as Q1 profits improve, forecast rises]]></title>
<link><![CDATA[http://www.autonews.com/article/20130510/OEM10/130519996/magna-stock-hits-record-high-as-q1-profits-improve-forecast-rises]]></link>
<guid>http://www.autonews.com/article/20130510/OEM10/130519996/magna-stock-hits-record-high-as-q1-profits-improve-forecast-rises</guid>
<pubDate><![CDATA[Fri, 10 May 2013 09:56:10 EDT]]></pubDate>
<description><![CDATA[TORONTO (Reuters) -- Magna International Inc. shares hit a record high today as the Canadian supplier hiked its full-year sales forecasts after posting a better-than-expected profit and a 9 percent rise in revenue in the first quarter. Magna, based near Toronto, credited rebounding North American ...]]></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[Ghosn sees more tough times in Europe; record global sales for Nissan]]></title>
<link><![CDATA[http://europe.autonews.com/article/20130510/ANE/130519997/ghosn-sees-more-tough-times-in-europe-record-global-sales-for-nissan]]></link>
<guid>http://europe.autonews.com/article/20130510/ANE/130519997/ghosn-sees-more-tough-times-in-europe-record-global-sales-for-nissan</guid>
<pubDate><![CDATA[Fri, 10 May 2013 07:35:58 EDT]]></pubDate>
<description><![CDATA[YOKOHAMA, Japan (Reuters) -- Carlos Ghosn, who heads both Nissan Motor Co. and Renault, said that while he expects Nissan's annual global retail sales to reach a record this year, he also expects the European market to face yet another tough year. "I think 2013 is going to be tough and I don't ...]]></description>
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