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Jul 25, 2012

AUTOMAKERS NEWS * USA

* Michigan - Europe's crisis hits Ford profits

Dearborn,MICH,USA - The Detroit News, by Karl Henkel -July 26, 2012: -- Ford Motor Co.'s second-quarter profits took a hit almost entirely due to the European debt crisis, and analysts say General Motors Co. and Fiat SpA, which controls Chrysler Group LLC, will likely find themselves in a similar situation when they report earnings next week... Ford reported Wednesday that it lost $404 million in Europe last quarter, less than the Dearborn automaker had projected in June. But as it released its earnings report, Ford nearly doubled its European loss projections to $1 billion for 2012 amid continued concerns about Europe's sovereign debt crisis and high unemployment, which have dealt a blow to consumer confidence and automobile sales...


* California - Toyota drives past GM in global sales for 1st half of 2012
 
(Picture: Toyota Yaris Hybrid 2013)
 Irvine,CAL,USA -The Detroit News, by Christine Tierney -July 26, 2012: -- Toyota Motor Corp., rebounding from a series of disasters in 2011, is on track to regain its No. 1 sales ranking in the global auto industry. In the first half of 2012, Toyota sold 4.97 million vehicles worldwide, moving ahead of last year's sales champion General Motors Co. GM's global sales totaled 4.67 million for the first half of the year. Germany's hard-charging Volkswagen AG followed in third place with global sales of 4.52 million vehicles. That figure includes sales of its truck-making subsidiaries MAN and Scania but not Porsche, whose results will be consolidated into VW's next month. VW aims to be the world's biggest and best automaker by 2018, and most forecasters see it competing neck and neck with Toyota for first place in coming years...


* DC - Chrysler: Support natural gas autos 
Washington,DC,USA -The Detroit News, by David Shepardson -July 25, 2012: -- Chrysler Group LLC told a U.S. Senate committee Tuesday that the federal government can help boost the number of compressed natural gas-powered vehicles on U.S. roads... Reg Modlin, director of regulator affairs for the Auburn Hills automaker, told the Senate Energy Committee that federal policies are skewed toward electric vehicles... Chrysler and General Motors Co. are offering "bi-fueled" trucks that run on either compressed natural gas or gasoline...

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