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Automotive News Europe News Feed
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Russia grows, Turkey slows: Fate of both is crucial to Europe
Although not generally regarded as part of Europe, Russia and Turkey are crucial "European" markets for many automakers because they include sales from the two markets in their overall results for the region.
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VW lures GM's Mayer as U.S. marketing chief
Volkswagen of America, riding a 38 percent increase in United States sales this year, has hired Kevin Mayer from General Motors to steer VW brand marketing.
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BMW eyes new production sites abroad, reports say
BMW is considering new production sites around the world, including eastern Europe, according to media reports on Friday. But a BMW spokesman told Automotive News Europe today that the company has no plans add a new factory in Europe.
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BMW eyes new production sites abroad, reports say
BMW is considering new production sites around the world, including eastern Europe, according to media reports on Friday. But a BMW spokesman told Automotive News Europe today that the company has no plans add a new factory in Europe.
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Russia's AvtoVAZ doubles 2011 net profit
Russia's largest carmaker, AvtoVAZ, said on Friday its net profit more than doubled in 2011 to 6.7 billion rubles (about $215.8 million). The maker of Russia's best-selling Lada cars said that its revenue grew 27 percent to 175.
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China's Chery seeks government approval for planned venture with Jaguar Land Rover
Chery has applied for government permission to establish a joint venture with Jaguar Land Rover in China after the two companies signed an agreement in March to cooperate on production.
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Mercedes, BMW, Audi, Citroen buck Europe's downward sales trend in April
Strong demand for premium and near-premium cars helped BMW, Mercedes, Audi and Citroen buck the downward trend in European new-car sales in April.
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Rebadged Chryslers and Dodges get mixed results in Europe
Fiat-Chrysler CEO Sergio Marchionne's plan to improve slow sales of the Fiat and Lancia brands in Europe through rebadged Chrysler models is getting mixed results.
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China car dealerships struggle as stockpiles rise, price cuts grow
Chinese car dealers are struggling with a rising number of unsold cars that threaten to deepen price cuts, according to the nation's biggest automobile dealers' association.
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Continental plans 5,000 new jobs in China by year end
Germany's Continental plans to hire 5,000 more people in China by year end, boosting its work force in the country to 21,000. The new hires will be mainly in engineering and manufacturing, the supplier said in a statement.
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