Author: Automotive News Breaking News Feed
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TrueCar said to consider IPO for next year
TrueCar is considering selling shares in an initial public offering in the first half of 2014, two people with knowledge of the matter said.
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Chrysler IPO could raise up to $2 billion, report says
Chrysler Group expects to set a price range for its initial public offering as early as this week that could raise $1.5 billion to $2 billion, the Wall Street Journal reported, citing people familiar with the matter.
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Zetsche says Daimler would ‘welcome’ Chinese investor
Daimler would welcome a Chinese investor after taking a stake in Beijing Automotive Group, though it has had no sign that this will happen, CEO Dieter Zetsche said.
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PSA board approves hiring ex-Renault COO Tavares to succeed CEO Varin, sources say
PSA Peugeot Citroen’s board has approved hiring former Renault COO Carlos Tavares to replace Philippe Varin as CEO at the French manufacturer, people familiar with the matter said.
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Mercedes will make engine lines more flexible
Mercedes wants to establish a so-called “agile production” system in its engine assembly operations, production and purchasing boss Andreas Renschler said.