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Top 5 Stories
Obama Signs Repeal of Health-Care Law's '1099' Tax-Reporting Rule
Toyota Cuts Japan Output by Half Until at Least June 3
Hyundai, Kia Run U.S. Plants Overtime as Toyota Pares Output After Quake
GM Will Work Through Part Shortage, CEO Says
Auto Execs Tout Alliances to Meet Fuel Rules
Top 5 Stories
Obama Signs Repeal of Health-Care Law's '1099' Tax-Reporting Rule

President Obama on Thursday signed into law a measure that repeals the unpopular 1099 tax-reporting provision of the national health-care law. The Senate earlier this month voted 87-to-12 to repeal the 1099 provision. The House passed the measure in March on a bipartisan 314-to-112 vote. Obama’s signing of the legislation into law marks the end of a nearly eight-month-long effort by lawmakers to do away with the 1099 tax-reporting provision.
Source: The Washington Post

Editor’s note: NADA successfully worked to help build support for the repeal of the ‘1099’ mandate, which will provide relief for dealers by significantly reducing their paperwork burden.

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Toyota Cuts Japan Output by Half Until at Least June 3

TOKYO – Toyota Motor Corp said it will build cars at half the rate of its original plans in Japan at least until June 3 in a move estimated to cost the world's biggest automaker another 120,000 vehicles in lost production. Japanese automakers have been hammered by a shortage of hundreds of components after factories in the northeast of the country were damaged by a magnitude-9.0 earthquake on March 11. Toyota, Honda Motor Co, Nissan Motor Co and even some overseas rivals such as General Motors Co have had to stop or reduce production since then and investors have punished Japanese auto stocks because a full recovery in manufacturing activities is expected to take months.
Source: Reuters

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Hyundai, Kia Run U.S. Plants Overtime as Toyota Pares Output After Quake

Hyundai Motor Co. and Kia Motors Corp., South Korea’s biggest carmakers, are running full shifts at their U.S. plants with overtime, unscathed by parts shortages that are curbing local output for Japan-based competitors. Hyundai’s plant in Montgomery, Alabama, aims to squeeze out 10 percent more Sonata and Elantra sedans this year than its 300,000-unit capacity, said Robert Burns, a spokesman for the factory. About 80 miles east, Kia’s plant in West Point, Georgia, has run extended weekday shifts and Saturday work since last year and expects that to continue for the foreseeable future, said Corinne Hodges, a spokeswoman for Kia. “We’ve been fortunate,” Burns said. “Our parts development team is closely monitoring all our suppliers, but at this point there’s been no disruption.”
Source: Bloomberg

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GM Will Work Through Part Shortage, CEO Says

DETROIT – General Motors Co. Chief Executive Dan Akerson said the automaker is working through the part-shortage aftermath caused by last month's Japanese earthquake and tsunami. "Based on what we've seen so far, I'm confident we'll continue to work through it, continue to adapt and respond as necessary and ultimately emerge from this crisis stronger than ever," Mr. Akerson said during his speech at the Society of Automotive Engineers conference in Detroit Thursday. Mr. Akerson left the event without stopping to talk to reporters.
Source: The Wall Street Journal

Editor’s note: Akerson is the keynote speaker of the NADA/IHS Automotive Forum in New York on April 19. The New York International Auto Show is hosting the forum. For more information or to register to attend, visit www.autoforumny.com.

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Auto Execs Tout Alliances to Meet Fuel Rules

‘You can’t do it all yourself,’ says Ford official on $52B task

DETROIT – The race to meet new fuel efficiency mandates and speed the deployment of electric vehicles will require automakers to boost collaboration, auto executives said Thursday at the 2011 Society of Automotive Engineers World Congress. The auto industry faces a $51.5 billion mandate to meet 2012-16 fuel efficiency standards, according to a government estimate — and is working to cut development costs and get technology to market faster. "You can't do it all yourself," said Ford Motor Co.'s chief technical officer, Paul Mascarenas. He said there isn't a "one-size fits all" model for collaboration efforts, which can include joint ventures, strategic alliances or specific projects.
Source: The Detroit News

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For more auto industry news, visit NADAFrontPage.com

SBA and Agility Recovery Solutions Host Webinar on Post-Disaster Leadership Strategies
Join Agility Recovery Solutions and the U.S. Small Business Administration on Tuesday, April 19, for a discussion on becoming a more resilient leader through a disaster that could destroy the company.

Analysts to Discuss Implications of Japan Supply Disruptions at Automotive Forum April 19
Economists will discuss the impact that high oil prices and the disaster in Japan are having on automotive markets during the NADA/IHS Automotive Forum in New York April 19.

SAVE on HP's ProBook 4520s Notebook PC
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Save with Lenovo in April
Save an additional 5 percent on the durable ThinkPad X series and ThinkPad Edge with eCoupon USXAPRILSAVINGS2011 at checkout.

 
Quotable
"Job creators can finally celebrate: the 1099 tax paperwork mandate is officially off the books."

  
-- Sen. Mike Johanns (R-Neb.), who led the effort in the Senate to do away with the provision, which was signed into law on Thursday by President Obama, The Washington Post, April 14
Featured Videos

Dogs Help Wounded Vets Recover (WJLA, Arlington, Va.)

 
NADA Analyst Jonathan Banks Discusses Japan's Effect on Used-Car Market (AutoFocus)

 
NADA Chairman Stephen Wade on Personal Side of Japan Disaster (AutoFocus)


On the Job Hunt: Dealerships Are Hiring (Fox News)

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NADA Japan Relief


NADA University

Advanced Service Management
Presented by Robert Atwood
April 11–15, 2011
 
Advanced Parts and DMS Management
Presented by Chris Bavis
May 2–6, 2011
 
Advanced Variable Operations
Presented by Les Abrams and Bill Adkins
May 23–27, 2011

  


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