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The Financial Times – Fiat shareholders vote in favour of Chrysler merger – Fiat shareholders approved the carmaker’s merger with Chrysler last week, in the hope that the move would allow it to fund more easily its business goals. Over 80 per cent of shareholders attending the meeting voted in favour, with opposing shareholders having two weeks to opt out and cash their shares.
China steps up price-fixing probe with Mercedes raid – Chinese antitrust investigators have raided the Shanghai offices of Mercedes-Benz as a government investigation in to price fixing by carmakers there intensifies. Nine investigators form China’s National Development and Reform Commission arrived unannounced on Monday and spent much of the day interviewing Mercedes executives, according to Chinese media reports, confiscating computers when they left.
The Times – Small businesses hire staff at fastest rate since 1988 but need export help – Small businesses have gone on their biggest hiring spree since records began a generation ago, according to the CBI. Booming domestic demand has delivered a forth consecutive quarter of growing output and orders for small and medium-sized businesses.
Global demand sends BMW sales to record – Sales have boomed to record levels at BMW thanks to global demand that cemented the German company’s position as the world’s biggest premium carmaker, quarterly figures showed yesterday. Net earnings jumped 27.2 per cent from April to June to €1.77 billion on revenue of €19.9 billion as the Munich-based company sold 5.3 per cent more cars, delivering 533,187 vehicles.
The Guardian – Offroad vehicles sales boost BMW and Toyota – Sales of offroad vehicles have driven up profits at BMW and Toyota, with BMW selling more than 1m cars in the first six months of the year for the first time. Although sales of BMW’s Mini fell 11% in the first half to 132,000 cars as buyers waited for the release of the new five-door Mini in the autumn, wealthy Chinese kept buying Rolls-Royces, with sales rising 33% to almost 2,000 vehicles in the six months to June. Sales of BMW’s X5 four-wheel drive, above, rose 30% in the second quarter.
The Daily Telegraph – First Range Rover on road up for sale – The first Range Rover production car, which set the benchmark for high-end 4x4s, is expected to sell for more than £150,00 at auction. Land Rover launched the Range Rover in 1970, describing it as the most versatile car in the world. This green two-door Range Rover Classic, right, with registration YVB 15, was built in 1969 and registered at the start of 1970.
Daily Mail – The top ten things we argue about in cars – For many of us, a car journey means one thing – at some point you’ll have a row with the other passengers. And it seems just about anything can set us off. Now a survey has revealed the biggest causes of in-car friction is, and, perhaps unsurprisingly, rows over which route to take top the list. Driving too fast, not asking for directions when lost and children being too noisy are next on the list, compiled by the AA and Populus.