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Top Stories
Toyota 'Won't Hide Truth' About Recalls, Toyoda Says
Toyota Extends Assistance for Owners of Recalled Cars
U.S. Auto-Sales Recovery May Hit 'Speed Bump' on Snow, Toyota
General Motors Push to Release Volt Early Hits Snag
Toyota's Lentz, Ford's Farley Added to Automaker Panel at NADA/IHS Global Insight Automotive Forum 2010
Click Here for More News from NADAFrontPage.com
Top Stories
Toyota 'Won't Hide Truth' About Recalls, Toyoda Says

Toyota Motor Corp. President Akio Toyoda said the company “won’t hide the truth” about technical faults that have caused it to recall more than 8 million vehicles worldwide. Toyoda, 53, also apologized for the defects and pledged to cooperate with any investigation in China. Toyoda’s trip to China followed a similar visit to the U.S. last week as the automaker attempts to reassure drivers about quality control. The visit to a country where Toyota has recalled fewer than 100,000 vehicles also underscores the company’s attempts to boost its share of the world’s largest auto market. Toyota’s auto sales in China rose 21 percent to 709,000 vehicles in 2009, trailing a 46 percent jump in the overall market.
Source: Bloomberg

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Toyota Extends Assistance for Owners of Recalled Cars

Toyota is going nationwide with an assistance program previously offered to New York State owners of Toyota and Lexus vehicles affected by recent safety recalls. The automaker said the program “will be tailored to the owner’s individual circumstances” and “may include”: Recalled vehicles being picked up and returned by the dealership; Driving owners to the dealership or to work; Providing “where necessary” a rental car, loaner vehicle “or taxi reimbursement for the reasonable period that the customer is unable or unwilling to use his or her car.” John McEleney, the president of McEleney Toyota in Clinton, Iowa, said he ... was not surprised Toyota would try to make things “as painless as possible.” He said that many dealers were already offering such services and that he was sure Toyota would cover the costs of the new program.
Source: The New York Times

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U.S. Auto-Sales Recovery May Hit 'Speed Bump' on Snow, Toyota

Toyota Motor Corp.’s recalls and snowstorms across the U.S. may have slowed the rebound in auto sales in February, keeping some shoppers out of showrooms and dashing the industry’s hopes for bigger gains. The results being reported tomorrow may be weak enough to raise questions about the U.S. market’s health after a streak of sales increases that began in November. “While February sales have improved from a year ago, the pace of the recovery has hit a speed bump,” said Jeff Schuster, forecasting chief at J.D. Power & Associates in Troy, Michigan. “Because of the Toyota recall, buyers are sitting on the sidelines. The severe storms in February also had some impact.
Source: Bloomberg

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General Motors Push to Release Volt Early Hits Snag

General Motors Chairman and CEO Ed Whitacre's push to put the Chevrolet Volt extended-range electric car in customer hands prior to the November launch is running into hurdles, the Free Press has learned. After adding CEO to his title in December, Whitacre quickly talked about the possibility of bringing the car out earlier than expected in a limited number. Not wanting to chance it, some executives are now leaning against putting the Volt into the hands of consumers prior to the official launch. "There's a lot of hard work that needs to be done between now and November, but the team  remains on target to deliver," said Rob Peterson, a GM spokesman.
Source: Detroit Free Press

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Toyota's Lentz, Ford's Farley Added to Automaker Panel at NADA/IHS Global Insight Automotive Forum 2010

Fiat/Chrysler's Marchionne, other industry leaders, analysts also slated to headline day-long forum
NEW YORK – Toyota’s James Lentz and Ford’s Jim Farley have been added to an expert panel of top automaker executives who will offer their insight and perspectives on the auto industry at the NADA/IHS Global Insight Automotive Forum 2010 on March 30 in New York. Lentz, president and CEO of Toyota Motor Sales, U.S.A., Inc., and Farley, group vice president, global marketing and Canada, Mexico and South America operations for Ford Motor Co., will join a panel which includes Stefan Jacoby, president and CEO of Volkswagen Group of America; John Mendel, executive vice president of automotive sales for American Honda Motor Co.; and Jim O'Donnell, president of BMW of North America. Mike Jackson, chairman and CEO of AutoNation, will moderate the Manufacturers Perspective panel.

The day-long event features discussions on the Transformation of the U.S. Economy and the Auto Industry and brings together industry thought leaders to evaluate how recent events will impact automotive stakeholders in the coming decade. The forum offers a mixture of presentations and panels to explore in depth how the events of the past will influence the future from an automaker, supplier, retail and media perspective. Fiat/Chrysler CEO Sergio Marchionne, widely heralded as a turn-around artist for returning Fiat to financial health earlier in the decade, will kick off the forum at the Marriott Marquis Hotel with a keynote address.

John Casesa, managing partner of Casesa Shapiro Group, will moderate the Retailer Perspective panel discussion, which will include NADA Chairman Ed Tonkin, a multi-franchise dealer from Portland, Ore. Tonkin will also deliver opening remarks. Click here for more information.
Source: NADAFrontPage.com

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Quotable
 
"The road to recovery remains stony."

    -- Daimler Chairman Dieter Zetsche, The Associated Press, Feb. 28

Video Highlights
 

Tonkin: 'Dealers Will Be There'


NADA Launches New Online Magazine


NADA Comes Through in a Tough Year (NADA-TV)


NADA-TV: Interview with GM's Susan Docherty, VP Sales, Service & Marketing


NADA's Trucks for Haiti Campaign Off to Strong Start
 (NADA-TV)

2010 Convention
 

CLICK HERE for Comprehensive Convention News Coverage at NADAFrontPage.com.


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Save up to $538 on Select Lenovo Notebooks

NADA members can now enjoy great Lenovo discounts, free shipping and peace of mind technology – all at a great price! Act now and save up to $538 on select notebooks – like the ThinkPad X200 with integrated graphics for only $881. To learn more about these and other specials for NADA members, visit NADA's PC Purchase Program site (member log in required).

 

HP Announces Winner of Mini Laptop

Julia George, the controller at Flagler Chrysler/Dodge/Jeep in Palm Coast, Fla., was the winner of the HP Mini 5102 laptop drawing at the 2010 NADA Convention. HP congratulates Julia and thanks all the visitors to the NADA Pavilion. To see all the HP computer and printer products available to NADA members visit NADA's PC Purchase Program site (member log in required).

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