Author: Automotive News Feed
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Europe’s dealers focus on used cars, aftersales to survive slump
Europe’s leading independent dealer groups have turned their focus to selling more used cars and making more money from aftersales to survive the region’s new-car sales slump.
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Chrysler brand chief Chehab leaves to head Maserati marketing
Saad Chehab, head of the Chrysler and Lancia brands, is Maserati’s new chief marketing officer. New Chrysler brand head is Al Gardner, head of Chrysler’s southeast business center in Florida.
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Hyundai randd president, 2 other execs resign over quality problems
Hyundai says its research and development president, Kwon Moon-sik, and two other executives have resigned over a string of quality problems.
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AutoNews Now: Inside VW’s sales slump
Automaker’s aging lineup hurts U.S. sales; new Chrysler brand boss; Infiniti’s Japan plan; Honda’s high-tech concept
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In the battle for lease business, captives are kings
The captive finance companies have a lock on leasing. Eight of the top 10 leasing companies are captives, data from Experian Automotive show. The other two are Ally Financial Inc. and Chase Auto Finance, which offer leases for automaker partners.