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Inside this issue
GM Says It Will Keep Opel after Report of Marchionne's Interest
Chrysler Saving Fiat as Italy Buys More Bikes Than Cars
Volkswagen Cuts European Sales Target by 140,000 Vehicles, Report Says
Japan Auto Makers See Plunge in Chinese Sales
Fledging Electric Car Market in Turmoil with Few Buyers
FTC Issues Revised 'Green Guides'
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
GM Says It Will Keep Opel after Report of Marchionne's Interest

General Motors Co. intends to keep its Opel unit, Vice Chairman Steve Girsky said after the Italian newspaper Il Sole 24 Ore reported that Fiat SpA is interested in buying the division. "Opel is not for sale," Girsky, who is head of the U.S. company's European operations, said in an emailed statement Friday. "GM fully stands behind Opel. Opel is a fully integrated part of GM's global footprint and vital for GM's future success in Europe." Fiat Chief Executive Officer Sergio Marchionne has a plan to buy Ruesselsheim, Germany-based Opel at a "symbolic price" should an alliance between Detroit-based GM and PSA Peugeot Citroen falter, the Italian newspaper reported Friday, without citing anyone. Fiat, which has its headquarters in Turin, Italy, declined to comment on the report. "The GM-Peugeot alliance is fully on track," Girsky said Friday.
Source: The Detroit News

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Chrysler Saving Fiat as Italy Buys More Bikes Than Cars

As Europe's economic crisis grows deeper, new-car sales have fallen below bicycle sales in Italy for the first time since World War II. And that's intensifying pressure on Chrysler to make enough money in North America to eclipse the European losses Fiat is expected to report later this month. News this week that Italians bought more bicycles than autos last year (1,750,000 vs 1,748,000) underscored how bad things are. Ford Motor and General Motors profits in North America are subsidizing European losses, too.
Source: Detroit Free Press

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Volkswagen Cuts European Sales Target by 140,000 Vehicles, Report Says

Volkswagen has cut its internal 2012 sales target for western Europe by up to 140,000 vehicles, a German daily said, citing the group's works council head. "The VW group is tentatively selling more cars this year than last year. But it is correct that it will be somewhat less than what was originally planned," Bernd Osterloh told Handelsblatt in a report published today.
Source: Reuters

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Japan Auto Makers See Plunge in Chinese Sales

Toyota Motor Corp. said Friday that it plans to resume production at its factories in China next week, but at lower levels due to a drop in sales last month amid widespread protests targeting Japanese brands. A number of Japanese auto makers are expected to report a sharp decline in Chinese sales for September after some of their showrooms or vehicles were attacked by angry Chinese demonstrators, leading them to suspend marketing and close plants. The protests were sparked by Japan's decision to nationalize a group of East China Sea islets also claimed by China.
Source: The Wall Street Journal

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Fledging Electric Car Market in Turmoil with Few Buyers

The fledging electric car business is in turmoil as predictions about potential sales have proven to be wildly optimistic despite volatile fuel prices and plenty of media hype. Weak consumer demand is hitting both the big automakers like General Motors and Nissan -- which have failed to meet sales targets on the plug-in Volt and all-electric Leaf -- and smaller start-up firms trying to carve out a piece of a very small niche. "Electric vehicles don't make any more sense today than they did in 1912," says Sean McAlinden, an analyst with the Center for Automotive Research in Ann Arbor, Michigan. "They take too long to charge, the range is too short and they cost too much."
Source: Agence France-Presse

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FTC Issues Revised 'Green Guides'

In an era of increased environmental awareness by consumers and focus by marketers, dealers must be aware of the guidance from the Federal Trade Commission (FTC) regarding so-called “Green” marketing. The recently issued revised “Green Guides” are designed to help marketers ensure that the claims they make about the environmental attributes of their products are truthful and non-deceptive. They include updates to the existing Green Guides, as well as new sections on the use of carbon offsets, “green” certifications and seals, and renewable energy and renewable materials claims. Among other modifications, the Guides caution marketers not to make broad, unqualified claims that a product is “environmentally friendly” or “eco-friendly,” advise marketers on “degradable” claims, and clarify guidance on compostable, ozone, recyclable, recycled content and source reduction claims. Click here for more information.
Source: NADA Regulatory Affairs

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"Opel is not for sale. GM fully stands behind Opel." 

    -- Stephen Girsky, GM vice chairman, commenting on a recent report stating that Fiat is ready to buy Opel, Automotive News, Oct. 5

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