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Inside this issue
Thriving After Surviving: Auto Dealers Having Best Year Since Crisis
Ford Reviews Product Lineup to Stem Losses in Europe
Wells Fargo Challenges Ally With Expanded Auto-Loan Plan
Camry Sheds Ho-Hum Image, Boosts Sales
BMW Brings Home the Gold With Olympic Advertising
China's New Target: Batteries
For Shark Week, the Volkswagen Beetle Sheds its Shell
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Thriving After Surviving: Auto Dealers Having Best Year Since Crisis

Boosted by the strongest new-vehicle market since 2007 and with 3,000 fewer competitors, most auto dealers are having their most profitable year since the financial crisis, according to a Detroit-based consulting firm's annual state of the industry report.
Source: Detroit Free Press

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Ford Reviews Product Lineup to Stem Losses in Europe

Ford Motor Co., projecting losses of more than $1 billion in Europe this year, is examining the competitiveness of its vehicle lineup and brand in the region as it draws up a turnaround plan. “Our results in the last 12 months in Europe are not acceptable and we need to address that situation,” Stuart Rowley, Ford’s controller, said today at a JPMorgan Chase & Co. auto conference in New York.
Source: Bloomberg

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Wells Fargo Challenges Ally With Expanded Auto-Loan Plan

Wells Fargo & Co. is expanding loans to customers of General Motors Co., threatening to take business from Ally Financial Inc. as the bailed-out auto lender seeks a turnaround.
Source: Bloomberg

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Camry Sheds Ho-Hum Image, Boosts Sales

A sporty version of the new Camry is helping the car shed its ho-hum image. It's also drawing in younger buyers who are driving a huge sales increase for America's top-selling car.
Source: Associated Press

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BMW Brings Home the Gold With Olympic Advertising

It's safe to say the London Olympics were a success for the United States, which won 104 medals, the most of any country. But the games also were a triumph for BMW of North America and General Motors, which, driven by record ratings on NBC, experienced measurable buzz among consumers as a result of advertising.
Source: Automotive News

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China's New Target: Batteries

A company that two years ago was one of the most promising U.S. innovators in the clean-fuel auto industry was rescued from collapse Wednesday. Its buyer: A Chinese auto-parts company. Wanxiang Group Corp., one of China's biggest parts makers, offered a $450 million lifeline to A123 Systems Inc., a maker of advanced batteries for electric vehicles that received U.S.-government backing.
Source: The Wall Street Journal

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For Shark Week, the Volkswagen Beetle Sheds its Shell

Volkswagen is using videos and a rather unorthodox product tie-in with the Discovery Channel's Shark Week to raise awareness of its Beetle, which was redesigned for the 2012 model year.
Source: The New York Times

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Quotable
"It's very encouraging."

   
-- Cheryl Staples, sales manager at Bob Maxey Ford in Detroit, referring to most auto dealers experiencing their most profitable year since the financial crisis, Detroit Free Press, August 15


 




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