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Inside this issue
Chrysler Reaches Labor Accord With CAW, Avoids Strike
VW: Some European Automakers May Go Bankrupt Without Government Aid
New Car Buying by Young Rises After Years of Decline
Lexus Outsells Mercedes, BMW in August; on Track for 20% Sales Increase
Chrysler, Ford Battle for Pickup Muscle Bragging Rights
Chevy Marketing Chief Defends Volt Spiffs
A European Fuel-Saving Trick Is About to Catch On In the U.S.
Automakers Shush Cars With Noise Cancellation Technology
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Chrysler Reaches Labor Accord With CAW, Avoids Strike

Chrysler Group LLC, majority-owned by Fiat SpA, and the Canadian Auto Workers union reached a four-year labor agreement yesterday, avoiding a strike and wrapping up the latest round of negotiations with the major U.S automakers.
Source: Bloomberg

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VW: Some European Automakers May Go Bankrupt Without Government Aid

Volkswagen Chief Financial Officer Hans Dieter Poetsch said some European competitors are at risk of going out of business without financial assistance as the region's auto market sinks with no end in sight to the downfall. "It is unclear if all carmakers will survive without governmental help," Poetsch said on the eve of the Paris auto show on Wednesday. "Carmakers in southern Europe that produce small cars will be especially affected."
Source: Automotive News

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New Car Buying by Young Rises After Years of Decline

Young buyers are inching back into the new-vehicle market after several years on the sidelines, helped by easing credit and a slightly improving job market. "Younger buyers have returned to market at a higher rate than any other age category," according to a recent report by J.D. Power and Associates' Power Information Network. The young buyer group -- from teen years through age 35 -- is a hefty 23% of so-called retail buyers, the highest since 2008, according to Power.
Source: USA Today

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Lexus Outsells Mercedes, BMW in August; on Track for 20% Sales Increase

Lexus outsold Mercedes and BMW in August, but the Japanese luxury brand cannot win the luxury tittle this year – or perhaps ever, a top executive said [Wednesday]. There is an annual horse race for the luxury sales crown and Lexus was first across the line for years up to 2010. But Lexus came third behind Mercedes and BMW last year when a tsunami caused production cuts of most Lexus models. This year, Lexus is on track for a 20% increase in sales, said Tim Morrison, vice president of Lexus sales and dealer development.
Source: Detroit Free Press

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Chrysler, Ford Battle for Pickup Muscle Bragging Rights

Chrysler and Ford will use the Texas State Fair to showcase their pickup trucks and wrestle for bragging rights over torque, towing capacity and horsepower. For Chrysler, today is all about its Ram heavy-duty lineup -- the upgraded 2500, 3500 and 5500 variants on display in Dallas. Texas also will be the perfect setting for Ford to show upgrades to its signature King Ranch F-150 that gets an upgraded interior with chaparral leather, standard MyFord Touch, available HID headlights and unique 20-inch wheels for the 2013 model year.
Source: Detroit Free Press

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Chevy Marketing Chief Defends Volt Spiffs

Chevrolet's marketing boss has defended General Motors' recent use of incentives to help lift sales of the Chevrolet Volt, saying GM needs more people to experience the car's plug-in hybrid technology. "The incentives, we think, are appropriate," Chris Perry, Chevrolet's vice president of global marketing, told Automotive News during a press event Tuesday.
Source: Automotive News

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A European Fuel-Saving Trick Is About to Catch On In the U.S.

In Europe, about half of new vehicles sold come equipped with technology that shuts down the engine when a car is stopped, and starts it up automatically when the driver hits the accelerator (or takes a foot off the brake.) It's a neat fuel-saving trick, but in the U.S., this stop-start technology is installed on less than 5% of new vehicles sold. Executives with German auto parts maker Robert Bosch say that's about to change.
Source: The Wall Street Journal

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Automakers Shush Cars With Noise Cancellation Technology

When it comes to creating quieter cars, automakers are giving a whole new meaning to the sounds of silence. More of them are using technology to mask bad sounds and enhance good ones. Engineers say manipulating sounds in a car adds to perception of quality and harmony.
Source: USA Today

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Quotable
"No one can make money."

   
-- Susan Docherty, head of General Motors Co.'s Chevrolet brand in Europe, commenting on the current level of incentives in response to low auto sales in the region, Automotive News, Sept. 27


 


 

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