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Inside this issue
Video: Marchionne: Trump a 'Game Changer' for Auto Industry
Record Nov. U.S. Sales Predicted Amid Big Holiday Promotions
VW Extends $21 Billion Loan to Weather Diesel Fall-Out
Toyota And Volkswagen In Fierce Battle For World's Largest Automaker Title
Mazda Testing U.S. Diesel Market with New CX-5 SUV
Where Car Dealers Can Meet the Millennials
Top Stories
Video: Marchionne: Trump a 'Game Changer' for Auto Industry

Sergio Marchionne, chief executive officer at Fiat Chrysler Automobiles, expresses his concerns about potential changes to U.S. trade policies under President-elect Donald Trump. Marchionne spoke at an Alfa Romeo plant in Cassino, Italy.
Source: Bloomberg

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Record Nov. U.S. Sales Predicted Amid Big Holiday Promotions

U.S. auto sales are on pace for the strongest November ever, four forecasters say, breaking the industry’s streak of three consecutive monthly declines and keeping open the possibility that 2016 can squeak ahead of last year’s record. Big promotions over the long Thanksgiving weekend and two extra selling days in the month are expected to push sales up 4 percent from November 2015, according to Kelley Blue Book and Barclays Capital analyst Brian Johnson. LMC Automotive is projecting a 5 percent increase, while Edmunds.com estimates a 2.7 percent gain.
Source: Automotive News

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VW Extends $21 Billion Loan to Weather Diesel Fall-Out

Volkswagen has agreed to extend a $21.2 billion bank credit line, it said on Monday, part of the German carmaker's efforts to maintain its financial strength while it counts the full cost of its emissions scandal. Europe's largest automaker secured the one-year bridge loan last December after the biggest corporate scandal in its history wiped billions off its market value and made it much more expensive for Volkswagen to borrow in the debt market. VW faces a record-breaking corporate settlement with regulators and vehicle owners in the United States where in September 2015 it was found to have cheated diesel engine emissions tests.
Source: Reuters

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Toyota And Volkswagen In Fierce Battle For World's Largest Automaker Title

With only two laps to go in the race for the title of World’s Largest Automaker, Volkswagen squeezed ahead of Toyota by just 9,000 units in year-to-date deliveries, data released by the companies show. Separated by a rounding error, the two global auto giants are in a neck-on-neck battle that promises to be thrilling through the last round. Both automakers produced nearly 8.5 million units in the January through October period, and are set to pass the 10 million mark before the year ends.
Source: Forbes.com

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Mazda Testing U.S. Diesel Market with New CX-5 SUV

Mazda Motor Corp. will use its best-selling vehicle to test the embattled U.S. diesel market after Volkwagen AG’s diesel emissions scandal. The all-new 2017 CX-5 should be in showrooms by March with options for SkyActiv 2.0-liter and 2.5-liter gasoline engines. In the second half of 2017, the Japanese automaker will release a 2.2-liter diesel version of the the compact crossover SUV. Mazda North America President and CEO Masahiro Moro said the company will use the diesel CX-5 to “test the market” to determine whether or not the automaker will offer more models with diesels.
Source: The Detroit News

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Where Car Dealers Can Meet the Millennials

With 80% of car buyers using some form of digital technology to research their options before entering a car dealership, auto dealers face an extremely competitive market. To top it off, they’re tasked with a new challenge: selling to the millennial buyer. According to research done on Millennials, this generation is a lucrative target predicted to spend $138 billion on light vehicles this year. In the U.S., Millennials spend about 30 hours a month on social-network sites, 26 on Facebook alone, according to ComScore.
Source: WardsAuto

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Past Articles
       
      Quotable
      "The election had a minimal effect on vehicle sales. While sales volume was suppressed for a short period during the election, the declines were quickly recouped by the end of the election week."

          -- Deirdre Borrego, senior vice president and general manager of automotive data and analytics at J.D. Power, commenting on projected auto sales in November, Automotive News, Nov. 28
       
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