- Fiat says completes deal to buy out U.S. unit Chrysler – Reuters
- PSA Peugeot Citroen confirms seeking EUR3bn capital increase – Just-auto. Says PSA: “Under the preferred scenario, the Company would implement a capital increase reserved to Dong Feng Motor followed by a Rights Offering in which Dong Feng Motor would participate. The French State may also participate in these two capital increases on the same terms and conditions as Dong Feng Motor.”
- FRANCE: Minister hails State involvement with PSA as “industrial patriotism” – Just-auto
- German car industry rocked by vote-rigging in auto prize – Reuters. “Germany’s ADAC car club, Europe’s largest and most influential, said on Monday revelations it had falsified results of its annual car award struck at the core of its credibility and critics raised questions about its car safety tests.”
- Geely insists happy with Volvo direction –Just-auto. Says all fine, never mind the Reuters story of Li Shifu “growing increasingly frustrated with Volvo’s management team, many of whom are Swedish and other Europeans.”
- Renault sales buck Europe slump, gain in emerging markets – Reuters. Saved by the Clio, and Dacia.
- Ford’s aluminum F-150 faces insurance rate, repair shop challenges – Automotive News. “Ford Motor Co. now confronts a new challenge: preventing higher insurance rates and a dearth of mechanics equipped to repair its body from deterring buyers.”
- Cadillac Not Going Hog Wild With Variants, New Marketing Chief Says – Wards. “Newly minted Cadillac Chief Marketing Officer Uwe Ellinghaus says the fast-growing General Motors luxury brand intends to keep a lid on model variants to minimize complexity and does not anticipate a product sliding under the entry-level ATS anytime soon.”
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