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	<title>The Truth About Cars &#187; Industry</title>
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	<link>http://www.thetruthaboutcars.com</link>
	<description>The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news.</description>
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	<itunes:summary>The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news.</itunes:summary>
	<itunes:author>The Truth About Cars</itunes:author>
	<itunes:explicit>no</itunes:explicit>
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		<itunes:name>The Truth About Cars</itunes:name>
		<itunes:email>editors@ttac.com</itunes:email>
	</itunes:owner>
	<managingEditor>editors@ttac.com (The Truth About Cars)</managingEditor>
	<copyright>2006-2009</copyright>
	<itunes:subtitle>The Truth About Cars</itunes:subtitle>
	<itunes:keywords>The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news.</itunes:keywords>
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		<itunes:category text="Automotive" />
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		<item>
		<title>Fiat Downgraded: Marchionne Eying PSA?</title>
		<link>http://www.thetruthaboutcars.com/fiat-downgraded-marchionne-eying-psa/</link>
		<comments>http://www.thetruthaboutcars.com/fiat-downgraded-marchionne-eying-psa/#comments</comments>
		<pubDate>Fri, 20 Nov 2009 15:15:57 +0000</pubDate>
		<dc:creator>Cammy Corrigan</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[downgrade]]></category>
		<category><![CDATA[Europe Brazil]]></category>
		<category><![CDATA[Fiat]]></category>
		<category><![CDATA[heavy trucks]]></category>
		<category><![CDATA[sergio marchionne]]></category>
		<category><![CDATA[UBS]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=336207</guid>
		<description><![CDATA[
UBS has cut Fiat&#8217;s rating from &#8220;buy&#8221; to &#8220;neutral&#8221;. UBS cites its cautious views on car demand in Europe and Brazil as well as heavy trucks and machinery, the areas in which Fiat are strongest. UBS notes that Sergio Marchionne&#8217;s grand scenario of spinning off Fiat&#8217;s auto division is still the company&#8217;s goal, and PSA [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/fiat-downgraded-marchionne-eying-psa/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>EV Mode Creates Crisis Mode For Engine Parts Makers</title>
		<link>http://www.thetruthaboutcars.com/ev-mode-creates-crisis-mode-for-engine-parts-makers/</link>
		<comments>http://www.thetruthaboutcars.com/ev-mode-creates-crisis-mode-for-engine-parts-makers/#comments</comments>
		<pubDate>Thu, 19 Nov 2009 23:21:46 +0000</pubDate>
		<dc:creator>Paul Niedermeyer</dc:creator>
				<category><![CDATA[Alternative Energy]]></category>
		<category><![CDATA[Electric Vehicles]]></category>
		<category><![CDATA[Industry]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[engine component manufacturers]]></category>
		<category><![CDATA[EV]]></category>
		<category><![CDATA[EV components]]></category>
		<category><![CDATA[timing chains]]></category>
		<category><![CDATA[transition to EVs]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=336147</guid>
		<description><![CDATA[
For manufacturers of engine timing chains, main bearings or any of the hundreds of unique components for engines and transmissions, EVs like the Nissan Leaf pose an enormous threat. Decades of investment in the manufacturing technologies and IP are potentially rendered irrelevant if the switch to battery-powered EVs progresses at the rate that its optimists [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/ev-mode-creates-crisis-mode-for-engine-parts-makers/feed/</wfw:commentRss>
		<slash:comments>31</slash:comments>
		</item>
		<item>
		<title>Quote Of The Day: Ghosn Down Memory Lane Edition</title>
		<link>http://www.thetruthaboutcars.com/quote-of-the-day-ghosn-down-memory-lane-edition/</link>
		<comments>http://www.thetruthaboutcars.com/quote-of-the-day-ghosn-down-memory-lane-edition/#comments</comments>
		<pubDate>Thu, 19 Nov 2009 21:13:12 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Quote of the Day]]></category>
		<category><![CDATA[Carlos Ghosn]]></category>
		<category><![CDATA[general motors]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[merger]]></category>
		<category><![CDATA[Nissan]]></category>
		<category><![CDATA[Renault]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=336141</guid>
		<description><![CDATA[
&#8220;Without any doubt we knew fundamentally that [a merger with GM] would work, but only if it was a collaborative effort. Frankly, there was a possibility to create something that would be extremely competitive&#8230; unfortunately, it did not happen.&#8221;
Nissan/Renault honcho Carlos Ghosn reflects on the GM merger that might have been. When asked if he [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/quote-of-the-day-ghosn-down-memory-lane-edition/feed/</wfw:commentRss>
		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>New Plant Plans Highlight Strengths In The US Auto Industry</title>
		<link>http://www.thetruthaboutcars.com/new-plant-plans-highlight-strengths-in-the-us-auto-industry/</link>
		<comments>http://www.thetruthaboutcars.com/new-plant-plans-highlight-strengths-in-the-us-auto-industry/#comments</comments>
		<pubDate>Thu, 19 Nov 2009 15:52:21 +0000</pubDate>
		<dc:creator>Cammy Corrigan</dc:creator>
				<category><![CDATA[Industry]]></category>
		<category><![CDATA[Jobs]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Hyundai]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[Kia]]></category>
		<category><![CDATA[Manufacturing]]></category>
		<category><![CDATA[production]]></category>
		<category><![CDATA[Think Global]]></category>
		<category><![CDATA[Volkswagen]]></category>
		<category><![CDATA[VW]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=336096</guid>
		<description><![CDATA[
One of the most overlooked arguments during last year&#8217;s bailout debates was the fact that America&#8217;s automotive industry was not under threat. Sure, a few companies based in Detroit were panhandling at death&#8217;s door, but so-called &#8220;import brands&#8221; have been closing the gap in terms of Americans employed for years. And America&#8217;s transplant auto industry [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/new-plant-plans-highlight-strengths-in-the-us-auto-industry/feed/</wfw:commentRss>
		<slash:comments>21</slash:comments>
		</item>
		<item>
		<title>Who’s On First? Toyota? VW? Or, Gasp, GM?</title>
		<link>http://www.thetruthaboutcars.com/who%e2%80%99s-on-first-toyota-vw-or-gasp-gm/</link>
		<comments>http://www.thetruthaboutcars.com/who%e2%80%99s-on-first-toyota-vw-or-gasp-gm/#comments</comments>
		<pubDate>Wed, 18 Nov 2009 09:19:03 +0000</pubDate>
		<dc:creator>Bertel Schmitt</dc:creator>
				<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Bertel Schmitt]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[Toyota]]></category>
		<category><![CDATA[VW]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=336000</guid>
		<description><![CDATA[
Volkswagen wants to unseat Toyota as number one by 2018. When they announced that strategy, it was widely discounted as Wolfsburg hubris, and as a goal so far out that nobody will recall nine years down the road that the goal has ever been set. Or as the saying goes in Wolfsburg: &#8220;In 2018, I&#8217;ll [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/who%e2%80%99s-on-first-toyota-vw-or-gasp-gm/feed/</wfw:commentRss>
		<slash:comments>21</slash:comments>
		</item>
		<item>
		<title>Toyota: We&#8217;re Actually Number One (Not That We Care)</title>
		<link>http://www.thetruthaboutcars.com/toyota-were-actually-number-one-not-that-we-care/</link>
		<comments>http://www.thetruthaboutcars.com/toyota-were-actually-number-one-not-that-we-care/#comments</comments>
		<pubDate>Fri, 13 Nov 2009 21:49:47 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[production]]></category>
		<category><![CDATA[Toyota]]></category>
		<category><![CDATA[Volkswagen]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=335406</guid>
		<description><![CDATA[
We weren&#8217;t the only outlet to note Volkswagen&#8217;s apparent 2010 production volume win over Toyota a few days ago. Not so fast, Toyota tells Automotive News [sub]. Volkswagen&#8217;s total included production by joint ventures in which it does not hold a majority stake, Toyota&#8217;s didn&#8217;t. On an apples-to-apples basis (with minority stake affiliates included) Toyota [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/toyota-were-actually-number-one-not-that-we-care/feed/</wfw:commentRss>
		<slash:comments>8</slash:comments>
		</item>
		<item>
		<title>Nissan Brings Leaf EV Production To Tennessee</title>
		<link>http://www.thetruthaboutcars.com/nissan-brings-leaf-ev-production-to-tennessee/</link>
		<comments>http://www.thetruthaboutcars.com/nissan-brings-leaf-ev-production-to-tennessee/#comments</comments>
		<pubDate>Fri, 13 Nov 2009 21:06:33 +0000</pubDate>
		<dc:creator>Cammy Corrigan</dc:creator>
				<category><![CDATA[Electric Vehicles]]></category>
		<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[electric car]]></category>
		<category><![CDATA[EV]]></category>
		<category><![CDATA[Leaf]]></category>
		<category><![CDATA[Nissan]]></category>
		<category><![CDATA[production]]></category>
		<category><![CDATA[Smyrna]]></category>
		<category><![CDATA[Tennessee]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=335402</guid>
		<description><![CDATA[
Senator Corker, rest easy: the imports have your back. Tennessee-based Saturn may be shutting down, but Nissan is bringing the manufacture of their electric car, the Leaf, to Smyrna, Tennessee. Nissan made the announcement today as Rutherford County commission member voted to approve the funds required for the project. Under the scheme, Nissan will get [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/nissan-brings-leaf-ev-production-to-tennessee/feed/</wfw:commentRss>
		<slash:comments>13</slash:comments>
		</item>
		<item>
		<title>Ford Announces &#8220;All New&#8221; Police Interceptor</title>
		<link>http://www.thetruthaboutcars.com/ford-announces-all-new-police-interceptor/</link>
		<comments>http://www.thetruthaboutcars.com/ford-announces-all-new-police-interceptor/#comments</comments>
		<pubDate>Fri, 13 Nov 2009 20:34:28 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Industry]]></category>
		<category><![CDATA[Law and Order]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Falcon]]></category>
		<category><![CDATA[Ford]]></category>
		<category><![CDATA[Interceptor]]></category>
		<category><![CDATA[Police]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=335340</guid>
		<description><![CDATA[
GM surprised more than a few observers when it announced it would build a police-only Caprice model, based on the global RWD Chevy Lumina/ Holden Statesman. &#8220;Why build a fleet-only model and miss out on some private volume?&#8221; we asked at the time. Well, it looks like Ford&#8217;s about to do the same thing. A [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/ford-announces-all-new-police-interceptor/feed/</wfw:commentRss>
		<slash:comments>48</slash:comments>
		</item>
		<item>
		<title>Toyota Stuck With NUMMI Closure Costs</title>
		<link>http://www.thetruthaboutcars.com/toyota-stuck-with-nummi-closure-costs/</link>
		<comments>http://www.thetruthaboutcars.com/toyota-stuck-with-nummi-closure-costs/#comments</comments>
		<pubDate>Wed, 11 Nov 2009 21:24:23 +0000</pubDate>
		<dc:creator>Cammy Corrigan</dc:creator>
				<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Union News]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[jobs]]></category>
		<category><![CDATA[nummi]]></category>
		<category><![CDATA[Toyota]]></category>
		<category><![CDATA[uaw]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=335016</guid>
		<description><![CDATA[
Although Toyota was a 50% stakeholder in the NUMMI facility in Freemont, California, it may end up carrying 100% of the closure costs. The LA Times reports that Liquidation Motors, the company which took over GM&#8217;s assets won&#8217;t fund any of the severance pay or other expenses to the closure of NUMMI. &#8220;Motors Liquidation is not [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/toyota-stuck-with-nummi-closure-costs/feed/</wfw:commentRss>
		<slash:comments>17</slash:comments>
		</item>
		<item>
		<title>Volkswagen (Production) Über Alles</title>
		<link>http://www.thetruthaboutcars.com/volkswagen-production-uber-alles/</link>
		<comments>http://www.thetruthaboutcars.com/volkswagen-production-uber-alles/#comments</comments>
		<pubDate>Wed, 11 Nov 2009 17:10:14 +0000</pubDate>
		<dc:creator>Cammy Corrigan</dc:creator>
				<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[global]]></category>
		<category><![CDATA[piech]]></category>
		<category><![CDATA[production]]></category>
		<category><![CDATA[Rankings]]></category>
		<category><![CDATA[Volkswagen]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=334979</guid>
		<description><![CDATA[
The Guardian reports that in the first 9 months of 2009, Volkswagen/Porsche made 4.4 million cars whereas Toyota made 4 million. Naturally, the majority of VW&#8217;s growth has come from the area which is growing even faster than VW, China. But the lads from the Middle Kingdom weren&#8217;t the only modes of growth for Volkswagen. [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/volkswagen-production-uber-alles/feed/</wfw:commentRss>
		<slash:comments>10</slash:comments>
		</item>
		<item>
		<title>GM: Opel Can Be Independent But Not Global</title>
		<link>http://www.thetruthaboutcars.com/gm-opel-can-be-independent-but-not-global/</link>
		<comments>http://www.thetruthaboutcars.com/gm-opel-can-be-independent-but-not-global/#comments</comments>
		<pubDate>Wed, 11 Nov 2009 16:40:41 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Chevrolet]]></category>
		<category><![CDATA[daewoo]]></category>
		<category><![CDATA[fritz]]></category>
		<category><![CDATA[fritz henderson]]></category>
		<category><![CDATA[global brand]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[Opel]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=334972</guid>
		<description><![CDATA[
GM CEO Fritz Henderson&#8217;s promises of independence for Opel made the right noises, but they carefully avoided any discussion of the actual role GM envisions for its German division within its global strategy. The latest updates seem to indicate that GM will keep Opel for its engineering expertise, but that the brand will be subordinate [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/gm-opel-can-be-independent-but-not-global/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>Breaking: Bob Lutz To Be New Chairman of Opel</title>
		<link>http://www.thetruthaboutcars.com/breaking-lutz-to-be-new-chairman-of-opel/</link>
		<comments>http://www.thetruthaboutcars.com/breaking-lutz-to-be-new-chairman-of-opel/#comments</comments>
		<pubDate>Fri, 06 Nov 2009 17:13:36 +0000</pubDate>
		<dc:creator>Paul Niedermeyer</dc:creator>
				<category><![CDATA[Germany]]></category>
		<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=334354</guid>
		<description><![CDATA[
Spiegel Online reports that Bob Lutz will be named Chairman, and head of the Supervisory Board of Opel. Carl-Peter Forster, who threw in his hat with the Magna buy-out, resigned on the news that GM intends to keep Opel. Forster, the first German to head Opel in decades, was seen to be more independent of [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/breaking-lutz-to-be-new-chairman-of-opel/feed/</wfw:commentRss>
		<slash:comments>33</slash:comments>
		</item>
		<item>
		<title>Sergio&#8217;s Plea For Optimism</title>
		<link>http://www.thetruthaboutcars.com/sergios-plea-for-optimism/</link>
		<comments>http://www.thetruthaboutcars.com/sergios-plea-for-optimism/#comments</comments>
		<pubDate>Thu, 05 Nov 2009 22:20:26 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[People]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=334223</guid>
		<description><![CDATA[
There are plenty of reasons to believe that Chrysler will not survive, let alone thrive the way the firm&#8217;s five-year plan foresees, but one of them does not appear to be Sergio Marchionne&#8217;s leadership. Though there&#8217;s doubtless a good deal of hubris in his plan, Marchionne&#8217;s depth of knowledge, personal experience and legendary workaholism seem [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/sergios-plea-for-optimism/feed/</wfw:commentRss>
		<slash:comments>20</slash:comments>
<enclosure url="http://images.thetruthaboutcars.com/2009/11/Marchionne-Final-Comments.mp3" length="16982016" type="audio/mpeg" />
			<itunes:subtitle> There are plenty of reasons to believe that Chrysler will not survive, let alone thrive the way the firm&#039;s five-year plan foresees, but one of them does not appear to be Sergio Marchionne&#039;s leadership. Though there&#039;s doubtless a good deal of hubris in...</itunes:subtitle>
		<itunes:summary>
There are plenty of reasons to believe that Chrysler will not survive, let alone thrive the way the firm&#039;s five-year plan foresees, but one of them does not appear to be Sergio Marchionne&#039;s leadership. Though there&#039;s doubtless a good deal of hubris in his plan, Marchionne&#039;s depth of knowledge, personal experience and legendary workaholism seem to indicate that, if nothing else, Chrysler&#039;s leadership is lightyears away from the Bob Nardelli years. Considering he oversaw a turnaround of Fiat that was only slightly less improbable than his current turnaround mission, he&#039;s about as qualified to take on the mess in Auburn Hills as anyone else. Here are his closing remarks from the seven-hour product and business plan event.
</itunes:summary>
		<itunes:author>The Truth About Cars</itunes:author>
		<itunes:explicit>no</itunes:explicit>
		<itunes:duration>11:48</itunes:duration>
	</item>
		<item>
		<title>Stimulated Toyota Posts Unexpected 2Q Profit, Lower Annual Loss; Denies Floor Mat Cover-up</title>
		<link>http://www.thetruthaboutcars.com/stimulated-toyota-posts-unexpexted-2q-profit-lower-annual-loss-investors-unipressed-denies-floor-mat-cover-up/</link>
		<comments>http://www.thetruthaboutcars.com/stimulated-toyota-posts-unexpexted-2q-profit-lower-annual-loss-investors-unipressed-denies-floor-mat-cover-up/#comments</comments>
		<pubDate>Thu, 05 Nov 2009 17:50:32 +0000</pubDate>
		<dc:creator>Paul Niedermeyer</dc:creator>
				<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Safety]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=334239</guid>
		<description><![CDATA[
Thanks largely to stimulus programs in the US and Europe, Toyota announced that it has eked out an operating profit of 58 billion yen instead of the average estimated loss of 63 billion yen from five analysts. Toyota now is forecasting a lower operating loss of 350 billion yen ($3.9 billion) for the year through [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/stimulated-toyota-posts-unexpexted-2q-profit-lower-annual-loss-investors-unipressed-denies-floor-mat-cover-up/feed/</wfw:commentRss>
		<slash:comments>9</slash:comments>
		</item>
		<item>
		<title>Breaking: GM Does a 180; Decides to Keep Opel</title>
		<link>http://www.thetruthaboutcars.com/breaking-gm-does-a-180-decides-to-keep-opel/</link>
		<comments>http://www.thetruthaboutcars.com/breaking-gm-does-a-180-decides-to-keep-opel/#comments</comments>
		<pubDate>Tue, 03 Nov 2009 23:06:42 +0000</pubDate>
		<dc:creator>Paul Niedermeyer</dc:creator>
				<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333970</guid>
		<description><![CDATA[
Two days ago, TTAC&#8217;s Bertel Schmitt wrote: &#8220;GM may not have to sell Opel after all&#8221;. How right he was. In the latest twist on the endless Opel saga, GM&#8217;s Board of Directors has canceled the planned sale to Magna and Sberbank. With references to an an improving economy (and an uptick in US sales?) [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/breaking-gm-does-a-180-decides-to-keep-opel/feed/</wfw:commentRss>
		<slash:comments>41</slash:comments>
		</item>
		<item>
		<title>Ford Posts $997 Million 3Q Profit</title>
		<link>http://www.thetruthaboutcars.com/ford-posts-997m-3q-profit/</link>
		<comments>http://www.thetruthaboutcars.com/ford-posts-997m-3q-profit/#comments</comments>
		<pubDate>Mon, 02 Nov 2009 15:15:02 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[High Finance]]></category>
		<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333769</guid>
		<description><![CDATA[
Ford turned a profit in the second quarter of this year, thanks to a share offering and other debt-reduction actions which covered a $424M pre-tax operating loss. In the third quarter, however, Ford&#8217;s profit needs no such qualification. Pre-tax operating profits were $1.1B, including a $357M from North American operations. For the record, this marks [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/ford-posts-997m-3q-profit/feed/</wfw:commentRss>
		<slash:comments>39</slash:comments>
		</item>
		<item>
		<title>Opel Workers: Can We Do This Deal Already?</title>
		<link>http://www.thetruthaboutcars.com/opel-workers-can-we-do-this-deal-already/</link>
		<comments>http://www.thetruthaboutcars.com/opel-workers-can-we-do-this-deal-already/#comments</comments>
		<pubDate>Fri, 30 Oct 2009 16:36:23 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333595</guid>
		<description><![CDATA[
GM&#8217;s sale of Opel to Magna/Sberbank is being held up by the European Union, which is looking into whether the German government unfairly favored Magna&#8217;s bid. But while the interregnum plays out (the EU will decide by November 27th), GM has plenty of time to develop a case of seller&#8217;s remorse. After all, GM&#8217;s VP [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/opel-workers-can-we-do-this-deal-already/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>The Detroit Lobby Lives</title>
		<link>http://www.thetruthaboutcars.com/the-detroit-lobby-lives/</link>
		<comments>http://www.thetruthaboutcars.com/the-detroit-lobby-lives/#comments</comments>
		<pubDate>Tue, 27 Oct 2009 14:52:03 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Government]]></category>
		<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333239</guid>
		<description><![CDATA[
After a dismal PR year for Detroit (if only because lobbying efforts were successful enough to secure an unpopular bailout), the American Automotive Policy Council has been launched to represent the very special interests of Ford, GM and Chrysler. As Politico unironically puts it, &#8220;(Debbie) Dingell, the wife of Rep. John Dingell (D-Mich.) and longtime [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/the-detroit-lobby-lives/feed/</wfw:commentRss>
		<slash:comments>8</slash:comments>
		</item>
		<item>
		<title>GM Buys Up Daewoo Share Offering, Increases Stake to 70 Percent</title>
		<link>http://www.thetruthaboutcars.com/gm-buys-up-daewoo-share-offering-increases-stake-to-70-percent/</link>
		<comments>http://www.thetruthaboutcars.com/gm-buys-up-daewoo-share-offering-increases-stake-to-70-percent/#comments</comments>
		<pubDate>Mon, 26 Oct 2009 17:09:43 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Industry]]></category>
		<category><![CDATA[Korea]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333157</guid>
		<description><![CDATA[
$413 million isn&#8217;t a ton of money for one of the largest global automakers, but GM&#8217;s purchase of Daewoo&#8217;s entire share offering still doesn&#8217;t completely add up. After all, GM was barred from spending US taxpayer bailout money on overseas assets. And it&#8217;s not like GM wanted to increase its stake from 51 percent to [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/gm-buys-up-daewoo-share-offering-increases-stake-to-70-percent/feed/</wfw:commentRss>
		<slash:comments>10</slash:comments>
		</item>
		<item>
		<title>Fisker Buying Delaware Kappa Plant</title>
		<link>http://www.thetruthaboutcars.com/fisker-buying-delaware-kappa-plant/</link>
		<comments>http://www.thetruthaboutcars.com/fisker-buying-delaware-kappa-plant/#comments</comments>
		<pubDate>Mon, 26 Oct 2009 14:08:20 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Electric Vehicles]]></category>
		<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333106</guid>
		<description><![CDATA[
Fisker&#8217;s first car, the Karma, is being assembled by Valmet in Finland, but Fisker is already looking ahead. Following the Tesla model of offering a second sedan at around half the price of the brand&#8217;s flagship nameplate, Fisker is negotiating the purchase of the former Solstice/Sky plant where it plans on building a $48k &#8220;family-oriented&#8221; [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/fisker-buying-delaware-kappa-plant/feed/</wfw:commentRss>
		<slash:comments>17</slash:comments>
		</item>
		<item>
		<title>GM-Daewoo: Can GM Stop A Chinese Takeover?</title>
		<link>http://www.thetruthaboutcars.com/gm-daewoo-can-gm-stop-a-chinese-takeover/</link>
		<comments>http://www.thetruthaboutcars.com/gm-daewoo-can-gm-stop-a-chinese-takeover/#comments</comments>
		<pubDate>Wed, 21 Oct 2009 14:55:54 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Industry]]></category>
		<category><![CDATA[Korea]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=332677</guid>
		<description><![CDATA[
Reuters reports that GM&#8217;s deadline to participate in its Daewoo division&#8217;s $424m rights offering has passed without GM putting any money down. But the Korean Development Bank, which GM-Daewoo owes $2b (soon to be closer to $3b), isn&#8217;t freaking out yet. &#8220;Given that GM is not allowed to take money out of the United States, [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/gm-daewoo-can-gm-stop-a-chinese-takeover/feed/</wfw:commentRss>
		<slash:comments>7</slash:comments>
		</item>
		<item>
		<title>Rattner On His Detroit Adventure</title>
		<link>http://www.thetruthaboutcars.com/rattner-on-his-detroit-adventure/</link>
		<comments>http://www.thetruthaboutcars.com/rattner-on-his-detroit-adventure/#comments</comments>
		<pubDate>Wed, 21 Oct 2009 14:39:16 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=332666</guid>
		<description><![CDATA[
Former head of the Presidential Task Force on the Auto Industry, Steve Rattner has penned a retrospective for Fortune on his time guiding the auto industry bailout. He covers everything from how he assembled his team and developed a strategy to the decision to fire Rick Wagoner and the showdown with Chrysler&#8217;s creditors. There are [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/rattner-on-his-detroit-adventure/feed/</wfw:commentRss>
		<slash:comments>46</slash:comments>
		</item>
		<item>
		<title>What&#8217;s Wrong With This Picture: Meet The New Hummer Edition</title>
		<link>http://www.thetruthaboutcars.com/whats-wrong-with-this-picture-meet-the-new-hummer-edition/</link>
		<comments>http://www.thetruthaboutcars.com/whats-wrong-with-this-picture-meet-the-new-hummer-edition/#comments</comments>
		<pubDate>Tue, 20 Oct 2009 20:25:28 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[3WTP]]></category>
		<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=332624</guid>
		<description><![CDATA[
If you think about it, AM General really is a pioneer in the 21st Century automotive industry. How so, you ask? By cutting out the consumer and building its business around government vehicle buyers. From GM to Better Place, almost everyone in the business either owes a government money or is pitching a future based [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/whats-wrong-with-this-picture-meet-the-new-hummer-edition/feed/</wfw:commentRss>
		<slash:comments>26</slash:comments>
		</item>
		<item>
		<title>Chrysler Planning &#8220;Six Hour Extravaganza&#8221;</title>
		<link>http://www.thetruthaboutcars.com/chrysler-planning-six-hour-extravaganza/</link>
		<comments>http://www.thetruthaboutcars.com/chrysler-planning-six-hour-extravaganza/#comments</comments>
		<pubDate>Tue, 20 Oct 2009 19:27:37 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Whiskey Tango Foxtrot]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=332619</guid>
		<description><![CDATA[
Curious about how in the hell Chrysler is going to turn it all around, and go from an industry punchline to, well, less of an industry punchline? We sure are. Especially now that we know the presentation of Chrysler&#8217;s five-year product and business plan is going to be a &#8220;six hour extravaganza.&#8221; We knew ChryCo [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/chrysler-planning-six-hour-extravaganza/feed/</wfw:commentRss>
		<slash:comments>17</slash:comments>
		</item>
		<item>
		<title>GM-Daewoo: Grasping At Straws?</title>
		<link>http://www.thetruthaboutcars.com/gm-daewoo-grasping-at-straws/</link>
		<comments>http://www.thetruthaboutcars.com/gm-daewoo-grasping-at-straws/#comments</comments>
		<pubDate>Thu, 15 Oct 2009 15:03:00 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Industry]]></category>
		<category><![CDATA[Korea]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=332191</guid>
		<description><![CDATA[
Bailout and reorganization gave GM the fresh start it so desperately needed in the US, but other governments have been decidedly less sympathetic to GM&#8217;s plight. Germany saw an opportunity to free Opel from GM&#8217;s grip, and now the Korean Development Bank has GM up against the wall over the future of GM-Daewoo. Reuters reports [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/gm-daewoo-grasping-at-straws/feed/</wfw:commentRss>
		<slash:comments>16</slash:comments>
		</item>
	</channel>
</rss>
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