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Tuesday, March 22, 2011 RSSSEND TO A FRIENDPRINT
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Top 5 Stories
Report: Japan Disaster to Hit Automakers Globally
Toyota, Honda Extend Japan Auto Shutdown
2011 Mazda3 Earns Top Safety Pick in IIHS Tests
NADA: New Video Training Series Can Ease 'Dealer Pain Points'
SBA Releases Tax Guidance for Small Businesses on the Affordable Care Act
Top 5 Stories
Report: Japan Disaster to Hit Automakers Globally

Every major automaker worldwide will be affected by the disaster in Japan by mid-to-late April, according to a report released Monday by automotive forecasters IHS Global Insight of Northville. "It is not a matter of if, but when," said Michael Robinet, IHS's Director of Automotive Forecast, in an analysis of the impact of the disaster that halted domestic vehicle production and affected the parts supply chain. IHS calculates Japan's lost production at more than 337,000 vehicles by the end of this week — because all plants in that country have been idled since the quake — and 450,000 by the end of March, if all remain closed. The daily production loss is about 37,000 cars and trucks. This week, Toyota Motor Corp. and Nissan Motor Co. plan to gingerly resume production of components for overseas plants and later in the week restart vehicle assembly in Japan.
Source: The Detroit News

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Toyota, Honda Extend Japan Auto Shutdown

TOKYO -- Toyota Motor Corp. and Honda Motor Co. are extending their shutdown of auto production in Japan amid a shortage of parts following a colossal earthquake and tsunami earlier this month. Toyota, the world's No. 1 car maker, said in a statement Tuesday that its shutdown of 11 factories would be extended until Saturday because of difficulty securing components, including rubber parts and electronics. Honda said its production halt would continue through Sunday. The maker of Subaru autos, Fuji Heavy Industries Ltd., said it will start making parts for foreign production Wednesday and spare parts on Thursday but the shutdown at five auto factories in Japan was extended through Thursday.
Source: The Associated Press

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2011 Mazda3 Earns Top Safety Pick in IIHS Tests

The Mazda3 can now be called a Top Safety Pick for 2011, according to the Insurance Institute for Highway Safety. Thanks to changes Mazda made to the strength of the car’s roof, the compact sedan and hatchback qualifies as a Top Safety Pick. Top Safety Picks in the small car category include the Chevrolet Cruze, non-Si Honda Civics, the Kia Forte sedan, Mitsubishi Lancer, Subaru Impreza, Toyota Corolla, and Volkswagen Golf four-door hatchbacks. “Nearly half of all Mazdas sold in the United States are Mazda3s, so we are justifiably proud of the 2011 Mazda3 earning the distinction of the IIHS ‘Top Safety Pick,’” said Jim O’Sullivan, President and CEO, Mazda North American Operations.
Source: Motor Trend

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NADA: New Video Training Series Can Ease 'Dealer Pain Points'

The National Automobile Dealers Association’s online education and training resource launched a new supportive website on Monday containing videos designed to help things run a bit smoother at dealerships. Connected with NADA University, the association explained that the videos on the new site can help dealers resolve business challenges and create new opportunities for success. The series is titled “Dealer Pain Points.” The association indicated the videos include tips and strategies from NADA University experts to address the specific “pain point” and find a resolution in each case.
Source: Auto Remarketing

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SBA Releases Tax Guidance for Small Businesses on the Affordable Care Act

On Monday, Administrator Karen Mills of the U.S. Small Business Administration (SBA) released new guidance to the small business community on the Affordable Care Act. "The Affordable Care Act, the health reform legislation passed into law a year ago, is giving small businesses important tools to help them compete, create jobs and drive economic growth," SBA said. "It's critical that small businesses take full advantage of the new benefits and consumer protections of the law and understand the positive impact health reform will have on their operations." To read SBA's full memo, including tips for determining if you are eligible for certain tax credits, click here.
Source: Small Business Administration

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For More Auto Industry News, Visit
"It is not a matter of if, but when."

    -- Michael Robinet, IHS Global Insight's director of automotive forecast, in a report released Monday that says every major automaker worldwide will be affected by the disaster in Japan by mid-to-late April, The Detroit News, March 21

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