Top News:
- Howes: Do fat auto profits herald new normal for Detroit? – Detroit News: Marchionne: “Be very careful not to fall in love with these numbers in terms of what the machine can do at all times”
- Subaru parent’s operating profit jumps 70% on surging U.S. sales – Automotive News: Japan’s Fuji Heavy Industries, the maker of Subaru cars, posted a 70 percent jump in quarterly operating profit as sales continued to climb in the United States, its biggest market, and a weak yen boosted the value of earnings overseas.
- German court says VW offer price too low for MAN SE minorities – Reuters: MAN SE’s minority shareholders may win higher cash compensation from Volkswagen after a court on Friday ruled the parent has to raise the price for the rest of the company.
- BRAZIL: VW Up TSI makes debut in Brazil before Europe – Just-auto: The launch of Volkswagen’s Up TSi powertrain option is the first time Brazil has produced a car more advanced, in engine technology, than its sibling marketed in Europe.
- CHINA: Chery spearheads nation’s auto export drive – Just-auto: China’s Chery Automobile said it exported 50,130 vehicles in the first half of 2015, more than 25% of all Chinese vehicle exports in that period.