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Inside this issue
GM Pledges to Double Fleet of Vehicles that Get 40 MPG or More
Automaking Rivals Join Forces as Rules Get Tougher
Despite Auto Loan Program's Struggles, House Rejects Measure to Cut Funding
Ford Sales Rise 6.4% in Europe in June, Bucking Industry Trend
Philip Caldwell, First Ford CEO From Outside the Family, Dies at 93
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Top Stories
GM Pledges to Double Fleet of Vehicles that Get 40 MPG or More

General Motors said [Thursday] it plans to double the amount of models that achieve 40 mpg highway or better by 2017. The goal was outlined in a June letter by CEO Dan Akerson that was included in the company's 2012 Sustainability Report. The Chevrolet Volt, Sonic, Cruze Eco Cruze Clean Turbo Diesel already meet that requirement, and the 2014 Cadillac ELR and Spark EV will surpass it when released. "Sustainability is not only a+ key part of how GM is shifting from a good to great company, it is about the leadership and innovation that can transform the auto industry," Akerson said in a statement.
Source: Automotive News
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Automaking Rivals Join Forces as Rules Get Tougher

Automakers are increasingly teaming with competitors to share costs and brainpower as fuel efficiency and environmental requirements get tougher. General Motors Co. and Honda Motor Co. announced last week plans to jointly develop a hydrogen fuel-cell system. Earlier this year, Ford Motor Co., Nissan Motor Co. and Daimler AG agreed to work together on a similar powertrain. Toyota Motor Corp. and BMW Group also have teamed up to develop components for fuel cell cars. Collaborations like these are the new normal for the auto industry. “It is very counterintuitive when you think about it, but at the end of the day, automakers recognize the expertise that one entity has and the other one doesn't,” said Aleksandra Miziolek, director of Dykema's Automotive Industry Group, in a telephone interview. “But frankly, it's a necessity and that's why you're seeing it more and more.”
Source: The Detroit News
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Despite Auto Loan Program's Struggles, House Rejects Measure to Cut Funding

The Obama administration said Thursday it isn't shutting down its $25 billion Energy Department auto retooling loan program, despite the fact that it hasn't made a new award in more than two years and has no pending applications. This week, the Republican-led U.S. House rejected an amendment that would have eliminated the $6 million in funding to staff the office that oversees the $25 billion Advanced Vehicle Technology Manufacturing program. Rep. Rodney Frelinghuysen, R-N.J., said cutting the funding “would hurt federal oversight of the more than $8 billion in loans already given. As our committee report states, there are no new applications for this program, and the Department of Energy doesn't expect any. The committee recommendation includes the $6 million as a reasonable amount to provide oversight and direction to the existing loan portfolio and no more.”
Source: The Detroit News
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Ford Sales Rise 6.4% in Europe in June, Bucking Industry Trend

Ford gained sales last month in the depressed European car market, but all automakers need to sell or close more plants, the company's top executive for the region said Thursday. Ford sales rose 6.4% in June in 19 European countries, while total industry sales fell 6.5%, said Stephen Odell, executive vice president for the company's operations in Europe, the Middle East and Africa. “It feels good to once again go against the industry trend where our sales are up and the industry is down,” Odell said. Odell stands by Ford's forecast that Europeans will buy 13.5 million new cars this year. Europe “is starting to show signs of stability,” Odell said, adding he is not predicting an upturn yet.
Source: Detroit Free Press

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Philip Caldwell, First Ford CEO From Outside the Family, Dies at 93

Philip Caldwell, the first non-family member entrusted to run the Ford Motor Co., has died at the age of 93. The resident of New Canaan, Conn., died Wednesday from complications of a stroke, the family said. Caldwell was born in 1920 in the tiny southern Ohio town of Bourneville. The youngest of four children, he went on to carve out a 32-year career with Ford where he quietly and effectively tackled tasks with increasing amounts of responsibility. Even after retirement in 1985, he continued to serve on the board of directors for another five years. “Philip Caldwell had a remarkable impact at Ford Motor Company over a span of more than 30 years,” said Executive Chairman Bill Ford in a statement.
Source: Detroit Free Press
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Quotable
"Our long-term approach to sustainability enables us to increase efficiency and re-imagine personal mobility to best meet customer needs and lifestyles."

    --  GM CEO Dan Akerson, commenting on the automaker's plan to double the amount of models that achieve 40 mpg highway or better by 2017, Automotive News, July 11



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