Market share for subprime auto lending declined in Q2Auto News

Subprime loan share is declining despite chatter around a subprime bubble, Experian said today in its second-quarter State of the Automotive Finance Market report. Subprime and deep subprime share of new and used loans and leases dropped to 22.

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GM selected as target of labor talks with Canada's UniforAuto News

Unifor selected General Motors as its target company as it continues negotiations with the automakers, less than two weeks before its four-year labor contracts expire.

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VW buys 17% Navistar stake; full merger is possibleAuto News

Volkswagen has agreed a wide-ranging technology and purchasing deal with U.S. truck maker Navistar in exchange for a 16.6 percent stake, an alliance forged in part by the need to meet stringent emissions regulations.

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VW buys Navistar stake to gain U.S. heavy-truck market footholdAuto News

Volkswagen said it will buy a 16.6 percent stake in Navistar International for $256 million as part of a strategic alliance with the struggling U.S. truckmaker to enter the North American market.

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GM settles final 2 bellwether cases over defective ignition switchesAuto News

GM said it settled the last two so-called bellwether cases stemming from a faulty ignition switch linked to 124 deaths and 275 injuries.

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General Motors settles 2 ignition-switch casesAuto News

General Motors said Monday it settled the remaining two ignition-switch cases for an undisclosed amount in a series of six test trials over the defect. The remaining trials were scheduled for this year in federal district court in New York.

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Volkswagen to take 19.9% stake in Navistar, report says Auto News

VW's trucks division is close to announcing a partnership with rival Navistar, three sources told Reuters, in the latest example of a deal driven by emissions regulations. Volkswagen has agreed to supply engines to Navistar in exchange for a 19.

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China carmakers urge foreign ownership cap to remain for 5 yearsAuto News

China should keep the 50 percent cap on foreign ownership in local passenger-vehicle joint ventures for at least another five to eight years to ensure Chinese carmakers are ready for full-fledged competition, according to the country's state-backed...

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Sergio calls federal sales probe a 'nonissue'Auto News

A confident Sergio Marchionne told reporters that the federal investigation into Fiat Chrysler's U.S. sales reporting system is "a nonissue" and that the company is cooperating.

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Cadillac boss spills product plansAuto News

Cadillac will get a new flagship, and the brand has a new small car in the works.

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Tesla envy grips Germany's giantsAuto News

Tesla's zero-emissions sports sedan has made Europe's finest automakers look woefully behind the times in an area they typically dominate: technology.

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Mustang conquers the worldAuto News

Ford Motor Co.'s 2014 overhaul of the Mustang, which included opening sales in 81 more countries to turn it into a global halo for the automaker, is paying off.

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The family car is in free fallAuto News

In one of the U.S. auto industry's best years ever, with sales through August 0.5 percent ahead of last year's record pace, demand for midsize cars is at a five-year low, and falling faster all the time.

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Proving the value of Facebook adsAuto News

Pride Chevrolet of Lynn was able to close the loop on a Facebook campaign and prove that its digital outreach was moving metal. Here's how it did so.

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'Deep learning' quest drives autonomous startupAuto News

Startup Drive.ai wants driverless cars to use a variety of emojis, honks and signs to communicate its intentions to nearby drivers and pedestrians.

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Louisiana flood toll tops 100,000 vehiclesAuto News

The historic floods that battered Louisiana last month damaged an estimated 100,000 insured vehicles.

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Walser finds complement in KansasAuto News

Walser Automotive of Minnesota is growing in a big way after acquiring seven luxury stores in Wichita, Kan. It's another example of bigger groups being sold to well-financed buyers.

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Mexico's boom strains suppliersAuto News

Mexico's fast growth as an export platform for light vehicles and strong demand for components worldwide is causing a shortage of qualified labor, and it has quickly become the industry's biggest challenge.

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Hyundai's Genesis luxury brand set to open first dedicated showroomAuto News

Genesis, the Hyundai Motor Group's fledgling luxury brand, will open its first dedicated showroom this week just outside the South Korean capital of Seoul.

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Chinese consumers, once averse to debt, embrace credit to stoke car salesAuto News

Chinese households, traditional savers with an aversion to debt, are rapidly warming to the idea of borrowing to buy a car, as automakers push financing deals to boost sales and margins in an increasingly competitive market.

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