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Q2 ANE/PWC SHAREHOLDER VALUE INDEX Carmakers, suppliers hit by big declines in shareholder valueJuly 25, 2012 06:01 CET  Any hope that this year's robust first-quarter recovery in shareholder value for Europe's automakers and parts suppliers would be extended evaporated in the second quarter. Automakers saw their average value, as measured by the Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Index, fall 12.0 percent. This followed an exceptional 27.3 percent gain in Q1. Partsmakers experienced a similar decline, relinquishing 7.... Read More »
Daimler profit warning looms; PSA's woes don't make sense, analyst saysJuly 11, 2012 14:00 CET Daimler is “moments away from a profit warning” and things should not be as bad as they are at PSA. Those were some of the views shared by Bernstein Research analyst Max Warburton during his presentation at the Automotive News Europe Congress.... Read More »
Mercedes' June sales growth slowest this yearJuly 4, 2012 13:10 CET Global sales of Mercedes-Benz luxury cars grew at the slowest monthly rate so far this year in June, rising 0.9 percent to 121,542, the automaker said on Wednesday.... Read More »
Renault will use Twizy to challenge Peugeot, others for car-sharing customersJune 15, 2012 06:01 CET  Renault is counting on its quirky battery-powered Twizy to help win share from Peugeot, Smart, BMW and Volkswagen in Europe's fast-growing car-sharing sector. Renault plans to launch its so-called “Twizy Way” car-sharing program around France later this year and expand the program into big European metropolitan areas starting in 2013.... Read More »
GREEN CARS Daimler starts output of electric Smart, beating BMW into EV nicheJune 12, 2012 08:49 CET  Daimler started sales and production of its first mass-market electric car today, beating rival BMW with the introduction of an emission-free model. Deliveries of the battery-powered ForTwo will start later this year. Munich-based BMW plans to introduce the full-electric i3 next year.... Read More »
U.S. rescues Mercedes in May as China, Europe car sales disappointJune 5, 2012 14:21 CET  Strong demand in the United States helped Mercedes-Benz post record car sales in May despite a slowdown in its European home market and a slowdown in China.... Read More »
Mercedes taken by U.S. soldiers in World War II belongs to heirs, court says 12:01 am U.S. ET | June 2, 2012  A court in Germany ruled this week that the grandchildren of a German industrialist have a valid claim to a classic Mercedes car worth about $4 million that was taken by American soldiers during World War II.... Read More »
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