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June 1, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Fordís May Sales Fall 5.9%; FCA Sales Rise 1%
Volkswagen Returned to Profit in First Quarter After Huge Loss Last Year
Auto Executives Cooling Toward Acquisitions, Study Says
GM Names Nissan's Rainey to Lead Dealer Diversity Efforts
Toyota Close to Buying Robotics Divisions From Google Parent Alphabet, Report Says
Top Stories
Fordís May Sales Fall 5.9%; FCA Sales Rise 1%

Sales at Ford Motor Co. fell 5.9 percent last month as customers had two fewer days to buy new vehicles than they did in May 2015. The Dearborn automaker sold 235,997 new cars and trucks last month, compared to 250,813 the same month a year ago. Fiat Chrysler Automobiles on Wednesday said its sales rose 1 percent compared to the same month a year ago. The Auburn Hills automaker sold 204,452 new cars and trucks last month for its best May in 11 years. As has been the case in recent years, FCA sales were driven by the popular Jeep and Ram truck brands.
Source: The Detroit News

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Volkswagen Returned to Profit in First Quarter After Huge Loss Last Year

CEO Matthias Müller said he is ‘satisfied’ with start to what is likely to be tough year

Volkswagen AG posted a profit in the first quarter, but earnings plunged for its Volkswagen brand and in China, its biggest single market, indicating how far the German car maker has to go in recovering from its diesel-emissions scandal. The world’s largest car maker by sales is struggling with the costs of the emissions-cheating affair. The pressure comes as it prepares to unveil in June a strategy review that is expected to entail restructuring its global brands, overhauling corporate governance and pushing into electric vehicles and mobility services.
Source: The Wall Street Journal

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Auto Executives Cooling Toward Acquisitions, Study Says

Automotive industry executives are less interested in pursuing acquisitions than they were a year ago and are favoring deals that minimize political or technology risks, according to a new survey by Ernst and Young. About 52 percent of senior auto industry executives surveyed said they planned to pursue an acquisition within the next 12 months, down from 59 percent in October 2015 and 70 percent in April 2015, Ernst and Young found. The consulting and accounting firm said it surveyed more than 100 senior auto industry executives for its twice yearly Automotive Capital Confidence Barometer.
Source: Reuters

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GM Names Nissan's Rainey to Lead Dealer Diversity Efforts

Mark Rainey, a 20-year veteran of Nissan, [Tuesday] was tasked with expanding the number of General Motors dealerships owned by minorities and females. Rainey, 47, was named GM’s director of dealer development effective immediately, the automaker said in a statement [Tuesday]. He replaces Ronald McCants, who is now GM’s director of sales operations and field support.
Source: Automotive News

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Toyota Close to Buying Robotics Divisions From Google Parent Alphabet, Report Says

Toyota Motor Corp. is close to buying two robotics divisions from Google's parent company in a move to boost the carmaker's fledgling robotics business, a report said. Toyota would buy Boston Dynamics, a U.S.-based firm, and Schaft, founded by a University of Tokyo graduate, Japan's Nikkei business daily reported today. Both are divisions of Google-parent Alphabet Inc. The purchases would be made through Toyota's new artificial intelligence and robotics unit, the Toyota Research Institute, or TRI.
Source: Automotive News

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          Quotable
          "Notwithstanding a challenging calendar, we managed to muscle our way to our strongest May sales in over 10 years."

              -- Reid Bigland, senior vice president — Sales, FCA — North America, commenting on May auto sales, The Detroit News, June 1

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