Juergen Pieper News
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Daimler AG Chief Executive Officer Dieter Zetsche said earnings have improved in the second quarter as new models win buyers and the Mercedes-Benz car unit reduces costs faster than anticipated.
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Bayerische Motoren Werke AG’s namesake brand regained the monthly sales crown from Volkswagen AG’s Audi division as the small X1 sport-utility vehicle and new 3-Series sedan won customers.
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Volkswagen AG, PSA Peugeot Citroen and Renault SA, Europe’s three largest carmakers, all dropped 5 percent or more after preliminary data showed Chinese manufacturing is unexpectedly contracting.
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Audi AG, the world’s second-largest maker of luxury cars, said high-performance cars like the RS5, as well as the new version of the A3 compact, will help propel sales this year amid intensifying economic headwinds.
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Daimler AG’s Mercedes-Benz brand beat sales growth at larger German luxury-carmaking competitors Bayerische Motoren Werke AG and Audi AG last month as new versions of its A- and B-Class compacts attracted buyers.
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Volkswagen AG, Europe’s biggest automaker, aims to offset plunging European demand this year by rolling out 60 new and updated models, including luxury cruisers like the Bentley Flying Spur.
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Bayerische Motoren Werke AG is rolling out a bigger 1-Series compact car to reclaim the top spot from Audi for the first time since 2008 in the competition for younger customers purchasing entry-level luxury autos.
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The role of Porsche SE’s supervisory board during a failed bid to take over Volkswagen AG is being investigated as a three-and-a-half-year-old market manipulation probe spreads to the family of the company’s founder.
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Bayerische Motoren Werke AG, the world’s biggest maker of luxury cars, reported first-quarter profit that beat analyst predictions and kept its 2013 forecast as sales of new 3-Series models helped offset investment costs.
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Wim Dries was at the public swimming pool with his kids last month when a loudspeaker announcement asked him to take an urgent call. On the line was the head of Ford Motor Co.’s factory in Genk, Belgium, who said he was being held by workers opposed to a plan to close the plant.
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