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AUTO NEWS: Faurecia to acquire remaining 50% of SAS Joint Venture to expand integration to cover all interior modules

  • Date: 14-10-19
  • Category: AUTO NEWS
  • Source: Faurecia

Faurecia today announced that it has signed a Memorandum of Understanding to acquire the remaining 50% of its SAS joint venture from Continental.

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AUTO NEWS: Toyota Establishes Joint Research Institute with China's Tsinghua University

  • Date: 02-10-19
  • Category: AUTO NEWS
  • Source: Just Auto

Toyota says it is to establish a 'Joint Research Institute' with China's Tsinghua University. Through the Joint Research Institute, the two plan to conduct various research together over the next five years.

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AUTO NEWS: FCA talks are 'in the past,' Renault CEO says

  • Date: 10-09-19
  • Category: AUTO NEWS
  • Source: Europe Auto News

FRANKFURT -- Fiat Chrysler Automobiles' merger offer for Renault was "in the past" and the two parties have not resumed discussions, the French carmaker's CEO, Thierry Bollore, said.

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AUTO NEWS: Ford cut to junk by Moody's on doubts over plan to boost profit

  • Date: 09-09-19
  • Category: AUTO NEWS
  • Source: Automotive News

Ford Motor Co.’s CEO Jim Hackett has been dealt a major blow by Moody’s Investors Service, which cut the automaker’s credit rating to junk over doubt his plans to fix the company will soon generate earnings and cash.

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AUTO SALES: Beijing must face reality in bid to spur auto sales

  • Date: 05-09-19
  • Category: AUTO NEWS
  • Source: Auto News

SHANGHAI -- The State Council, China’s cabinet, last week released a long list of steps it will take to boost consumer consumption.

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AUTO NEWS: UK auto industry's structure 'not sustainable' under no-deal Brexit

  • Date: 28-08-19
  • Category: AUTO NEWS
  • Source: Just Auto

UK carmakers could be facing an annual bill of GBP4bn in the event of a no-deal Brexit due to challenges such as increased costs for imported components and tariffs on vehicles exported to the EU, says GlobalData, a leading data and analytics company. The research suggests that the UK auto industry - operating in a highly competitive business environment with low margins on many of its products - would, in the event of no-deal, be unable to maintain its current structure.

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AUTO NEWS: Renault should sell Nissan stake and press ahead with FCA merger

  • Date: 03-07-19
  • Category: AUTO NEWS
  • Source: Europe Auto News

Renault should sell its 43 percent in Nissan and merge with Fiat Chrysler Automobiles, says Bernstein analyst Max Warburton. In a letter to Renault Chairman Jean-Dominique Senard, Warburton writes that Renault should no longer cling to the idea that its alliance with Nissan can be preserved when all the indications are to the contrary. 

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AUTO NEWS: FCA, Renault hoping merger talks will restart

  • Date: 24-06-19
  • Category: AUTO NEWS
  • Source: Europe Auto News

Executives at Fiat Chrysler and Renault-Nissan remain open to the idea that a merger deal could still happen, but they warn that conditions imposed by each side could hurt efforts to restart talks, the Wall Street Journal reported, citing people familiar with the situation.

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