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Inside this issue
Post-Sandy Demand to Boost November Auto Sales, Toyota Says
Los Angeles Motor Show Dominated by Foreign Carmakers
Fiat Finds its Footing After a Weak Start
Chevy Unveils MyLink System for 2014 Models
In Aston Martin Deal, Current Owner is to Keep Control
Mexican Market Booming, Mainly for Export
Wisconsin Auto Group Raises Funds for Cancer Research
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Post-Sandy Demand to Boost November Auto Sales, Toyota Says

Toyota Motor Corp.'s top U.S. sales executive said consumers purchasing new vehicles to replace those lost during Superstorm Sandy will mean strong November U.S. auto sales. On a seasonally adjusted annualized basis, November U.S. sales will be between 14.8 million and 15.2 million new vehicles, Jim Lentz, president and chief executive of Toyota Motor Sales USA, said Tuesday. Lentz, speaking on the sidelines of a J.D. Power and Associates and National Automobile Dealers Association conference on Tuesday, said Toyota believes 400,000 cars and trucks were destroyed by Sandy, and that 100,000 of those were new vehicles.
Source: Reuters

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Los Angeles Motor Show Dominated by Foreign Carmakers

Global carmakers are heading to Los Angeles this week for an all-American motor show. All-American, that is, in terms of its location and the customers it targets -- though not necessarily in terms of who will dominate the floor. With 10 European, seven Japanese and two South Korean manufacturers unveiling new models, it is clear that carmakers based outside the U.S. are determined to grow their sales -- not just here in California, the biggest and most lucrative car market in the U.S., but across all 50 states.
Source: BBC News

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Fiat Finds its Footing After a Weak Start

Chrysler Italian brand doubles transactions, debuts second model

Fiat is finally finding its stride. With two more months of 2012 sales still to be recorded, Chrysler Group LLC's Italian brand has sold almost twice as many cars as it did last year. By the end of October, Fiat had sold almost 36,500 cars in the United States. It sold fewer than 19,800 cars in 2011. And that is with just a single model: the Fiat 500. At the Los Angeles Auto Show today, Fiat is introducing its second model for the U.S. market — the bigger Fiat 500L — along with new variants of the original 500.
Source: The Detroit News

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Chevy Unveils MyLink System for 2014 Models

Technology is stealing most of the spotlight in advance of the Los Angeles Auto Show, which opens to the public Friday. General Motors Co.'s Chevrolet brand on Tuesday unveiled for auto journalists its next-generation MyLink infotainment system. It will make its first on-board appearance in the 2014 Chevrolet Impala. The new system keeps a simple interface but significantly expands capabilities. The next-generation MyLink system will come on other 2014 model-year Chevrolets, including upcoming full-size trucks and SUVs and the Corvette.
Source: The Detroit News

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In Aston Martin Deal, Current Owner is to Keep Control

The Kuwaiti finance house seeking to sell part of Aston Martin Lagonda Ltd. needs to retain a majority stake in the U.K. luxury sports car maker to avoid upsetting the company's capital structure, according to two people familiar with the matter, as it scrutinizes rival bids from Italian and Indian companies. The Investment Dar Co. of Kuwait had agreed last week to sell a minority stake in the car maker to Italian buyout firm Investindustrial for £250 million ($400 million) but then received a higher bid from Indian car maker Mahindra & Mahindra Ltd. Both bids are now being scrutinized and an agreement is expected this week, a person close to Investindustrial said.
Source: The Wall Street Journal

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Mexican Market Booming, Mainly for Export

Mexico, for many years a hub for low-cost component and vehicle assembly, is poised to cement itself as a global automotive force in the coming years as expanding auto makers and suppliers add capacity to build an additional 600,000 vehicles annually. Such growth might suggest the domestic vehicle market is emerging and that household incomes are rising to the point more Mexicans can purchase the cars they build. That's hardly the case. According to WardsAuto projections, 80% of the country's production is exported, and that is unlikely to change through 2018.
Source: WardsAuto

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Wisconsin Auto Group Raises Funds for Cancer Research

A grand opening celebration led to a community giveback for the Russ Darrow Group. As part of its recent grand opening celebration at Russ Darrow Nissan in Milwaukee, the group raised $5,600 to benefit the Breast Care Center at Froedtert & The Medical College of Wisconsin.
Source: Auto Remarketing

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Quotable
"This year's Los Angeles Auto Show is one of the most significant U.S. shows in years for us."

   
-- Andy Goss, North America president of Jaguar Land Rover, BBC News, Nov. 27

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