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Wednesday, March 16, 2011 RSSSEND TO A FRIENDPRINT
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Top 5 Stories
Subaru, Toyota Curb Output at N. American Plants
Nissan to Restart Some Japan Production Post-Quake
Auto Industry Continues to Pour Out Support in Response to Quake
House Gets Bill to Bar EPA, Calif. from Limiting Emissions
Feds Offer Tool to Create Fuel Economy Stickers for Used Cars
For More Auto Industry News, Visit NADAFrontPage.com
Top 5 Stories
Subaru, Toyota Curb Output at N. American Plants

DETROIT -- Two Japanese automakers are scaling back production at North American plants as they assess their ability to get parts from Japan after that country's devastating earthquake and tsunami. Subaru of America said Tuesday it has suspended overtime at its only North American plant in Lafayette, Ind. Toyota Motor Corp. also said it was suspending overtime and Saturday production at its 10 plants in the region. Companies can ill afford those shortages. Subaru spokesman Michael McHale said the Indiana plant had been running on overtime because of strong sales of its vehicles. The Outback wagon, which is made at the plant, is currently at a 30-day supply. A 60-day supply is considered ideal.
Source: The Associated Press

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Nissan to Restart Some Japan Production Post-Quake

Nissan said it would resume production on Thursday, March 17, and Friday, March 18, at its Kyushu plant while supply inventory lasted. Operations after Saturday March 19 were yet to be decided, Nissan said. "Although all plants, except for the Iwaki engine plant, have been able to repair some damaged facilities and/or equipment, it is still taking time to arrange delivery of parts from our suppliers," Nissan said in a statement. Operations at its Oppama, Tochigi and Yokohama and Nissan Shatai plants were suspended until March 20. Toyota's 12 local assembly plants are suspended until March 22 while Honda's are idle until March 20.
Source: Reuters

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Auto Industry Continues to Pour Out Support in Response to Quake

JPMorgan Chase, which operates vehicle financer Chase Auto Finance, said Monday it had pledged $5 million to the relief and recovery efforts. Meanwhile, the General Motors Foundation gave $250,000 to the Red Cross as a supporting member of the Disaster Responder program. It then topped that Monday with its approval of a $500,000 immediate donation from the GM Foundation to the Red Cross’s relief fund for Japan. “Humanitarian relief is an important part of the Foundation's work and we're answering the call for help in the wake of such terrible devastation,” stated John Montford, who is the chairman of the GM Foundation and senior advisor for government relations and global public policy. "There is remarkable compassion among GM employees, and I know that same spirit will make a difference in helping the Japan relief effort."
Source: Auto Remarketing

Editor's note: NADA is urging its 16,000 members to support the Japan Earthquake and Pacific Tsunami fund of the American Red Cross. To jumpstart the campaign, the NADA Charitable Foundation announced Tuesday a $100,000 donation to the Red Cross’ special Japan fund. “The magnitude of the disaster in Japan keeps growing. Relief needs are staggering,” said Stephen Wade, NADA chairman. “We’re reaching out to dealers and their employees across the country to help support the international relief efforts in Japan.” To make an online donation, click here.

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House Gets Bill to Bar EPA, Calif. from Limiting Emissions

WASHINGTON — The House Energy and Commerce Committee Tuesday approved a bill that would strip from the Environmental Protection Agency and the state of California the power to limit tailpipe emissions and other greenhouse gases. The bill now goes to the full House, which is likely to vote in coming weeks. It faces an uphill road in the Democrat-controlled Senate, and is strongly opposed by the Obama administration. Rep. Fred Upton, (R-Mich.), noted that Michigan lost 20 percent of its manufacturing jobs in the last three years. He argued the bill would prevent new regulations from costing additional jobs. The Republican bill would bar the EPA from taking part in setting future standards and bar California from limiting tailpipe emissions. Instead, NHTSA would have sole authority to set Corporate Average Fuel Economy rules. "No longer will the EPA or the state of California be able to overrule NHTSA," Upton said.
Source: The Detroit News

Editor's note: In a letter sent to committee Chairman Upton on Tuesday, David Regan, NADA Vice President for Legislative Affairs, urges support for H.R. 910, the Energy Tax Prevention Act, and reminds lawmakers that duplicative and redundant regulations come with a cost. “Higher prices mean fewer sales, and fewer sales mean fewer jobs in both automotive retailing and manufacturing,” he says. Passage of H.R. 910 by Congress would not only restore a true single, national fuel economy standard but also ensure that factors such as job loss, consumer choice and highway safety are considered, Regan says.

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Feds Offer Tool to Create Fuel Economy Stickers for Used Cars

If you are selling a used car, you now can create the official-looking Environmental Protection Agency fuel rating and information sticker for it using a tool at the fueleconomy.gov web site. The stickers, available for all vehicles sold in the USA since 1984, include not only the city, highway, and combined mpg ratings, a photo and information about vehicle, such as engine size, transmission and recommended fuel grade. The idea is to help used car have more information in making a purchase decision. And it's not as if the mileage estimate -- made when the model was current -- wouldn't still be good. If the vehicle's been taken care of, the original mpg marks should still be a good indicator of about what the latest buyer can expect.
Source: USA Today

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For More Auto Industry News, Visit NADAFrontPage.com

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Quotable
"We are grateful for the American public's generosity and compassion following what has been declared one of the most devastating earthquakes in history."

    -- David Meltzer, senior vice president of international services with the American Red Cross, on relief efforts after last week's deadly earthquake and tsunami in Japan, The Detroit News, March 16

Video Highlights

Dealer Academy's Pam Lum on First-Day Nerves, Unique Classmates (AutoFocus)


David Hyatt Discusses Impact of Fuel Prices with NADA Analysts (AutoFocus)


NADA's McConnell Calls for Single, National Fuel Economy Standard (NADA-TV)


Ciccolo: Life's Good Fortune Instills 'Driving Desire to Give Back' (NADA-TV)

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NADA University Offers New Guide to Business Succession

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