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Under-fire Volkswagen weathers storms better than feared

China and the group�s multitude of brands helped boost VW Group�s 3rd quarter sales 4.2 per cent to 2.49m units, lifting the group�s nine months global vehicle sales 2.4 per cent to 7.6m. More upbeat still, operating profits in the third quarter � excluding China - jumped 17 per cent to �3.75bn, boosting nine months group operating profits 10.5 per cent to �11.3bn. Before exceptionals, the group�s 3rd quarter operating margin rose a full percentage point to 7.2 per cent and 7 per cent for the nine months to September this year

| Volkswagen, is this as bad as it gets?
| Volkswagen, more pain and no gain

STOCK MARKET VIEW
Citroen DS5 white black cover small Peugeot-Citro�n recovery thought to be jeopardised by �DS� project

�The company is pumping billions into this project - We believe this is misguided� - Report Tata may produce some cars for Peugeot

| Mercedes� Smart subsidiary has stopped losing money
| PSA hits rock bottom

STOCK MARKET VIEW

Mercedes� Smart subsidiary has stopped losing money

�We are not planning an SUV, but never say never� - Mercedes� Smart subsidiary has stopped losing money, although it won�t say how much it is making

> Mercedes� comeback still in full swing helped by rich mix and China
> Mercedes on track to relegate Audi into 3rd slot in global prestige car sales arena

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	Wagnerian tragedy on Wolfsburg stage Winterkorn expected to see out his contract as VW CEO - M�ller, CEO of Porsche, favoured to succeed Winterkorn. Volkswagen Chairman Ferdinand Pi�ch has thrown the future leadership of the company into question with his withdrawal of support for VW CEO Martin Winterkorn.�Winterkorn, 67, has been in place since 2007, and was expected to take over from 77 year old Pi�ch when he retires in 2017. > Scania would benefit greatly from VW�s tested Midas touch

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	Falling Yen poses big threat to US car manufacturers Morgan Stanley sees content, rather than price war - Could Europe be hit hard too? > China allows parallel imports - bodes ill for premium cars

>	COMMENT
	Paris - Keep champagne on ice Paris Show euphoria premature as economic gloom thickens > All-new Volvo XC-90 faces harsh competition

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	China allows parallel imports - bodes ill for premium car prices Rush to catch slow boat to China? - No more exclusive dealers > No immediate end in sight to China�s prestige bonanza

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	Tesla�s SUV could outshine the Model S Some see Tesla�s Model S as a 'one hit wonder' > Tesla patent move spurs speculation of BMW deal

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	Sweden�s own MQB All-new Volvo XC-90 faces harsh competition from Germans > Tesla investors shaken by S&P �junk� rating

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	Ambitious Maserati sales goals Fiat future looks uncertain, but Maserati is in high gear > STOCK MARKET VIEW \| BMW expected to continue hot profit streak

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	Sharing know-how can pay dividends Tesla patent move spurs speculation of possible BMW deal > Tesla investors shaken by S&P �junk� rating

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	Russian car sales slip into reverse Long-term forecast scaled back too, although market will grow - Long-term growth forecasts for the Russian car market are being slashed > Russia�s previously speeding car sales locomotive stopped in tracks

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	Tesla investors shaken by S&P �junk� rating Tesla aside, autoindustry�s push into EVs has fallen far short of expectations > BMW expected to continue hot profit streakl

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	BMW expected to continue hot profit streak BMW�s party balloon set to gain extra lift from new model explosion > Audi, after run-away profit surge, takes pause for breath

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	Turmoil in emerging markets Brazil and India slipping, Turkey, Russia too - Thank goodness for China, but will that last? > STOCK MARKET VIEW \| Toyota adds to industry embarrassment with�massive recall

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	Yet more recalls Toyota adds to industry embarrassment with massive recall > In Europe hybrid means Toyota

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	PSA recovery plan PSA recovery plan called unambitious and hard to meet > Peugeot - Lion scratching for food

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	10 Million sales target arrives early Volkswagen sales boom, but profits will fail to keep pace ● Lame recovery replaces European slump; China worries mount

>	GENEVA 2014 - STATE OF THE INDUSTRY
	Lame recovery replaces European slump; China worries mount �If something goes wrong in China it really will hurt. If the bubble bursts just about everybody will get hit very badly�

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	Peugeot - Lion scratching for food Peugeot deal gives short-term insurance, long-term doubts

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	End of the road for Chevy in Europe GM Europe dumps Chevy brand, looks serious about fixing Europe

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	Tesla - Distant dream or reality? Tesla aims to sell 10,000 cars a year in Germany by 2015

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	Mercedes - Star reborn Daimler back in analysts� good books, led by new appealing models

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	Smart leads losers� league Daimler�s city-going Smart tops list of alltime European money losers

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	Peugeot lion seeks dragon alliance? China, French bailout reported for Peugeot-Citro�n


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	PSA - French toast Troubled Peugeot-Citro�n won�t hit financial targets, Fitch says

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	US car sales forecasts revised up Earlier US car sales forecasts revised upwards across the board

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	Smoke and mirrors - Frankfurt 2013 Frankfurt show struts its stuff, but can�t hide the cracks

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	Spark of bother - Frankfurt preview Electric takes Frankfurt spotlight, but sales future cloudy

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	Tesla all the rage Shares of Tesla Motors hit new records as investors pile in

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	Fiat results surprise investors Fiat results surprise investors, but long-term looks cloudy

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	Opel responding to treatment GM�s European patient finally wheeled out of intensive care

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	Peugeot family ready to cash in? Peugeot family said ready to cash in - or is report a ruse?

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	Mercedes star brighter than feared Investors take second look at Mercedes and like what they see