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Inside this issue
Barra Says GM Board Vetted, Passed on Marchionne Merger Call
It's Not Too Late! Register for NADA's 'Safeguarding Your Customer Data: New Rules, Best Practices' Webinar
FCA, Mitsubishi Iron Out Details of Pickup Alliance
Audi Snubs Google Bid to Attract German Carmakers
The Hot Rod From 'Grease' Goes Up for Auction
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Top Stories
Barra Says GM Board Vetted, Passed on Marchionne Merger Call

General Motors Co.’s board viewed and vetted an e-mail from Fiat Chrysler Automobiles NV’s Sergio Marchionne offering to discuss a merger and decided to pass, Chief Executive Officer Mary Barra said. “For the past few years, we’ve been merging with ourselves,” Barra said Tuesday before GM’s annual shareholders meeting in Detroit. “We have scale and we’re leveraging that. We’re focused on that and not the other.” Marchionne, who has been publicly pressing for further auto-industry consolidation to increase investor returns, e-mailed GM in recent months, Barra said. GM’s board and management have decided that their own plans for cost efficiencies and sales growth can generate more value than a merger, she said.
Source: Bloomberg

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It's Not Too Late! Register for NADA's 'Safeguarding Your Customer Data: New Rules, Best Practices' Webinar

NADA University Online will host the webinar "Safeguarding Your Customer Data: New Rules, Best Practices" today, June 10 at 1 p.m. ET. The free webinar, presented by Randy Hendrick from Dealertrack, will discuss how to implement best practices to safeguard dealerships against data security breaches and understand changes that need to be made to a dealership's Safeguards Program to meet FTC requirements. Attendees will learn how to identify problems before they become data breaches and strategies to train employees to protect customer information and secure their business. Click here to register.
Source: NADA University Online
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FCA, Mitsubishi Iron Out Details of Pickup Alliance

Fiat Chrysler Automobiles and Mitsubishi Motors are working out the final details of a supply contract in which the Japanese automaker will provide the Fiat brand with a version of its new Thai-built L200 midsize pickup, a Mitsubishi executive said. Fiat plans to sell the pickup in Europe and Latin America, where demand for such models is growing. The deal should be finalized before the end of this month, a Fiat spokesman said.
Source: Automotive News
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Audi Snubs Google Bid to Attract German Carmakers

Google's strategy of courting German carmakers into partnerships got a snub from Audi amid concerns that Internet-assisted driving may risk intruding on passenger privacy. "A car today is a second living room -- and that's private. The only person who needs access to the data onboard is the customer," Audi CEO Rupert Stadler said in a speech to executives in Berlin on Tuesday. Stadler’s comments signal a move by German automakers to tap domestic reservations about data protection as they attempt to build rival platforms to challenge Google for market share in Internet-assisted motoring.
Source: Bloomberg
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The Hot Rod From 'Grease' Goes Up for Auction

Go Greased Lightning? Not this time. The famous hot rod's competition from the 1978 movie Grease is going on the acution block later this month with a raft of other famous Hollywood cars. Julien's Auction says the 1949 Mercury Series 9CM convertible was called "Hell's Chariot" in the movie. The car was customized for the movie by Eddie Paul. The car was featured in a riveting race scene with leading role Danny, played by John Travolta, up against his arch nemesis Craterface, played by Dennis Stewart. Stewart ultimately loses the race and his chance at the leading lady Sandy, played by Olivia Newton-John. The car features Newton-John's signature on the dashboard. Auctioneers estimate the car could sell anywhere from $400,000 to $500,000.
Source: USA Today
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Quotable
"For the past few years, we’ve been merging with ourselves. We have scale and we’re leveraging that. We’re focused on that and not the other."

    -- GM CEO Mary Barra, commenting on the automaker's decision not to merge with Fiat Chrysler Automobiles, Bloomberg, June 9

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