- Beijing slashes car sales quota in anti-pollution drive – Reuters. 150,000 new license plates annually, down from 240,000.
- Russia’s Lada maker appoints former GM exec as chief – Reuters. Bo Andersson confirmed as Avtovaz CEO.
- Hyundai expands U.S. recall of Genesis for potential brake issue – Reuters. Said it was expanding the recall of the large-sized sedans from model years 2009 to 2012 to cover an additional 16,000 vehicles built in March 2012, raising the total affected to 43,500 cars.
- Delphi posts strong Q3 profit, sees Europe stabilizing – Reuters. Parts makers are leading indicators.
- Turkey’s October auto sales down 3.21 pct – Reuters. Up 9.09 percent for the first ten months.
- BMW CFO sees 500 mln euros of costs burdening Q4 results – Reuters. Got to pay to play.
- Honda launches R&D centre in China to tailor cars for local drivers – Reuters. Plans five China-exclusive models, two developed locally.
- Nissan tumbles 11 pct to 7-month low after cutting guidance – Reuters.
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