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September 4, 2015 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Payrolls Rose 173,000 in August as Jobless Rate Drops to 5.1%
Indian Automaker Tata Aims to Restore Jaguar's Cachet in U.S.
Daimler to Reboot Its Smart Car
Nissan Recalls 300,000 Cars for Acceleration Concerns
Labor Day Car Deals: Look for Outgoing Models
Top Stories
Payrolls Rose 173,000 in August as Jobless Rate Drops to 5.1%

Employers added 173,000 workers in August and the jobless rate dropped to 5.1 percent, a level that the Federal Reserve considers to be full employment. The gain in payrolls, while less than forecast, followed advances in July and June that were stronger than previously reported, the Labor Department said Friday. The unemployment rate is the lowest since April 2008. Average hourly earnings climbed more than forecast and workers put in a longer workweek, the report also showed. Persistent hiring indicates employers were upbeat about America’s demand prospects leading up to mounting concerns of further deterioration in emerging economies. Fed policy makers meeting in less than two weeks will weigh resilient U.S. employment conditions against the recent turmoil in world financial markets as they debate the timing of any interest-rate increase.
Source: Bloomberg

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Indian Automaker Tata Aims to Restore Jaguar's Cachet in U.S.

When Tata Motors of India acquired the Jaguar and Land Rover brands in 2008, the deal added a new twist to the rapid globalization of the auto industry. It raised an intriguing question: Could a fledgling Indian automaker, albeit one with a huge parent company, make British luxury sedans and sport utility vehicles primarily for sale to wealthy, and discriminating, American consumers? The answer, so far, has been yes.
Source: The New York Times

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Daimler to Reboot Its Smart Car

Coming ultra-compact shows off collaboration with Renault-Nissan Alliance

Daimler AG is taking another crack at the market for ultra compacts with a retooled ForTwo Smart car built under a collaboration that could become a benchmark for other auto makers. Daimler has failed to make money since launching Smart in 1998, and has sold a modest 84,000 copies in the U.S. since 2008. Low gasoline prices make it likely the $15,000 two-seater won’t top shopping lists when it hits U.S. dealerships next month. After years of working solo to fix the brand, Daimler Chief Executive Dieter Zetsche turned to an unlikely party for a helping hand with the latest generation: a Renault SA and Nissan Motor Co. alliance.
Source: The Wall Street Journal

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Nissan Recalls 300,000 Cars for Acceleration Concerns

Nissan Motor Co. said Friday it will recall nearly 300,000 cars in the United States under government pressure because of unintended acceleration risks linked to a trim panel as safety officials upgrade a new separate investigation into almost 1 million Nissan vehicles.
Source: The Detroit News

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Labor Day Car Deals: Look for Outgoing Models

In a booming market for new cars, it's getting harder to come up with a bargain. With the big Labor Day car sales weekend coming up, budget-conscious buyers would be wise to consider buying a model that's about to be replaced by a new one. Some 31 models are about to be replaced by entirely new ones or refreshed ones in 2016....
Source: USA Today

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Quotable
"... what we're trying to do here is grab the attention of the marketplace. ... In a way, this is a once-in-a-lifetime opportunity of completely redoing and retooling the brand."

    -- Jaguar North America Chief Executive Officer Joachim Eberhardt, commenting on its plan to reduce prices and aggressively move downmarket with two new entry-luxury models to increase sales volume and attract millennials, Bloomberg, Sept. 3

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