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February 9, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Mercedes is Not Chasing Volume at Any Price, Zetsche Says
VW Quality Chief Quits Amid Diesel Scandal Fallout
Feds Find Fiat Chrysler Gear Shifters Can Confuse Drivers
Porsche CEO Says Profits Will Be Hit by EV Investment
EPA Greenhouse Gas Rule Would Ban Conversion of Light Vehicles to Racecars
Top Stories
Mercedes is Not Chasing Volume at Any Price, Zetsche Says

Daimler CEO Dieter Zetsche says the Mercedes-Benz brand will not sacrifice profit margins in its quest to overtake rival BMW and become the best-selling luxury car brand globally. Zetsche has tasked Mercedes with becoming the leading premium carmaker by 2020 after it sold 1.87 million cars in 2015, leapfrogging Volkswagen Group's Audi on 1.80 million, but still trailing the BMW brand on 1.91 million. "The volume lead should be the consequence of having the best offering," Zetsche said. "If we accomplish this, it is a natural consequence that more people will choose us."
Source: Reuters

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VW Quality Chief Quits Amid Diesel Scandal Fallout

Volkswagen named company veteran Hans-Joachim Rothenpieler as head of group quality assurance, replacing Frank Tuch, who held the job for six years and, according to sources, was suspended amid the automaker's emissions scandal. Tuch, 48, is leaving VW at his request to take on new challenges elsewhere but will remain an advisor to the group, the automaker said in a statement [Monday].
Source: Automotive News

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Feds Find Fiat Chrysler Gear Shifters Can Confuse Drivers

Electronic gear shifters on some newer Fiat Chrysler SUVs and cars are so confusing that drivers have exited the vehicles with the engines running and while they are still in gear, causing crashes and serious injuries, U.S. safety investigators have determined. The National Highway Traffic Safety Administration, in documents posted during the weekend, has doubled the number of vehicles involved in an investigation of the problem, but it stopped short of seeking a recall. The agency found more than 100 crashes and over a dozen injuries, mostly in Jeep Grand Cherokees.
Source: Associated Press

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Porsche CEO Says Profits Will Be Hit by EV Investment

Porsche is bracing for smaller profit gains in the future as the sports-car maker steps up spending on models and facilities, CEO Oliver Blume said. Porsche now has "many new products in the pipeline" to set the course for future growth, Oliver Blume told reporters on Monday. "Therefore it's clear that we can no longer carry out major leaps on results," he said. Porsche will invest about 1 billion euros ($1.12 billion) as it creates over 1,000 new jobs at its base in Zuffenhausen to make the brand's first all-electric car based on the Mission E concept.
Source: Reuters

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EPA Greenhouse Gas Rule Would Ban Conversion of Light Vehicles to Racecars

An EPA proposal to slash greenhouse gas emissions by medium and heavy duty vehicles would also ban the conversion of street cars into racecars, with far-reaching effects on auto racing and the aftermarket parts industry. The Specialty Equipment Market Association, a trade group representing automotive aftermarket companies, said in a statement late Monday that the EPA’s proposal would also make the sale of certain emissions-related parts used on racecars that were originally street cars illegal. SEMA says it and other affected stakeholders will work to oppose the EPA’s proposed ban.
Source: Automotive News

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      Quotable
      "The volume lead should be the consequence of having the best offering."

          -- Daimler CEO Dieter Zetsche, on Mercedes-Benz not sacrificing profit margins in its quest to become the best-selling luxury car brand globally, Reuters, Feb. 9

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