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Wednesday, Aug. 24, 2011 RSSSEND TO A FRIENDPRINT
Inside This Issue
Autos, Aircraft Lifted July Durable Goods Orders
New 2012 Toyota Camry Debuts
Chrysler Aims to Invest $72 Million in Toledo Machining Plant
Obama Calls Buffett, Ford CEO for Advice
VW Donates $1 Million to MLK Memorial
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Top 5 Stories
Autos, Aircraft Lifted July Durable Goods Orders

A surge in demand for autos and aircraft drove orders for long-lasting manufactured goods higher in July, easing fears that the U.S. economy might be on the verge of another recession. The rebound in the auto industry helped offset a decline in orders for most other factory goods. Demand for autos and auto parts jumped 11.5 percent, the most in eight years. Auto production is rebounding after a slowdown caused by the Japan earthquake. The Federal Reserve reported last week that factory output rose 0.6 percent in July, mostly because of an increase in auto production.
Source: The Associated Press

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New 2012 Toyota Camry Debuts

Automaker cuts price on some models to fend off rivals

Toyota Motor Corp. expects its Camry sedan to remain the most popular car in America after rolling out a new, seventh-generation model offering more technology and equipment for less money. Toyota revealed the new Camry on Tuesday at simultaneous events in Dearborn, Hollywood, and at the Georgetown, Ky., plant where the car is built. "The launch of the new Camry is very important to our company," said Toyota President Akio Toyoda, who drove a Camry off a line at the Georgetown factory. "The vehicle has become a symbol of Toyota's success over the years," said Toyoda, the grandson of the automaker's founder. "This is an opportunity to show the world again what Toyota is all about."
Source: The Detroit News

Related articles

Toyota's Camry Comes Just in Time (CNBC's Phil LeBeau)
Camry Aims at Younger Crowd (Detroit Free Press)

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Chrysler Aims to Invest $72 Million in Toledo Machining Plant

Chrysler plans to invest $72 million in a northwest Ohio factory and says it is negotiating with state officials over incentives. The automaker wants to modernize the Toledo Machining Plant in Perrysburg to produce new-generation torque converters and steering columns. The converters would be paired with new transmissions Chrysler is making in Kokomo, Ind., as part of the automaker's strategy to meet fuel economy requirements.
Source: The Associated Press

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Obama Calls Buffett, Ford CEO for Advice

President Obama on Monday reached out to billionaire investor Warren Buffett and Ford CEO Alan Mulally for advice as he crafts a major jobs plan to be released after Labor Day. “The President and Mr. Buffett discussed the overall outlook on the economy and the reaction to the headwinds we’ve experienced over the last couple of months," White House spokesman Josh Earnest said. Obama also called Mulally, and they discussed the disruptions to the auto industry supply chain caused by the Japanese tsunami as well as ways to stimulate exports and investment. The plan will be announced in a major speech after Labor Day. On the holiday, Obama will travel to Detroit to give a jobs speech, the White House announced Monday.
Source: The Hill

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VW Donates $1 Million to MLK Memorial

Volkswagen Group of America said Tuesday it is donating $1 million to the Martin Luther King, Jr. National Memorial Project. "This donation is a concrete memorial to Volkswagen Group's long-standing commitment to the principles of diversity and inclusion," said Jonathan Browning, president and CEO of Volkswagen Group of America. "We see it as a way to thank our customers and employees across this great country that represents every creed and color." VW is the latest donor to the project, which will be formally dedicated Sunday by President Barack Obama. General Motors Co., its Chevrolet brand and the GM Foundation donated $10 million in cash and more in-kind contributions — making the Detroit automaker the largest donor.
Source: The Detroit News

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More articles

Aug. 23, 2011 - Ford, Toyota to Work Together on Hybrid Trucks

Aug. 22, 2011 - NADA's Chief Economist Expects New-Vehicle Sales to Remain Relatively Strong

Aug. 19, 2011 - VW Sees No Slowdown in Demand

Aug. 18, 2011 - Car Dealers Fear Economy Could Scare Off Buyers

Aug. 17, 2011 - Automakers Rebound in July to Lift Factory Output

 
Quotable
"This is an opportunity to show the world again what Toyota is all about."

   
-- Toyota President Akio Toyoda, grandson of the automaker's founder, on its new, seventh-generation Camry offering more technology and equipment for less money, The Detroit News, Aug. 24
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NADA U Webinars
Aug. 24 -- “Buy and Sell Smart with Today’s Mobile Tools,” with Chad Goodson of CARFAX (1 p.m. EDT)

Sept. 7 -- “Increase $10,000 Per Month Per Advisor Immediately,” presented by Jeff Cowan, NADA U Partner and president, Jeff Cowan’s Pro Talk, Inc. (1 p.m. EDT)

Convention News
Stay Connected with the NADA Convention on Facebook and Twitter

There are now more ways than ever to "connect" with the NADA and ATD Convention and Expo, Feb. 3-6 in Las Vegas. "Like" the convention's Facebook page and "follow" us on Twitter to receive instant updates on speakers, registration, exhibitors, hotels and more. Plus, stay tuned for NADA's new smart phone app coming this fall, putting the entire convention at your fingertips. Convention registration is now open online.

Foundation News
NADA Foundation Program Reaches 500th Ambassador
Marketplace
IT Committee Highlights Importance of Online Reputation Management

NADA’s Information Technology Committee has shed some light on the importance of monitoring social media sites for comments about dealerships’ services and how to monitor these sites without overwhelming dealership staff. To learn more, visit NADA’s Technology page and look under “Online Reputation Management Vendors.”

NADA Used Car Guide Adds VIN Scanner App to its Mobile Products

Texas Dealer Academy Taps Online Resources of NADA University for NextGen Program 

HP's Small but Mighty PC

Super Savings from Lenovo

 
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