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Monday, Sept. 12, 2011 RSSSEND TO A FRIENDPRINT
Inside This Issue
Marchionne: Chrysler on Track to Post $3B Operating Profit in 2012
VW-Suzuki Partnership Nears Collapse
Wikileaks Details U.S. Help for Big 3
Fisker Says First U.S. Deliveries Imminent Amid EV Industry Turmoil
EPA Extends Deadline on Dealership Energy Survey to Sept. 30
This Time, the Downsizing Will Happen Under the Hood
Click here for NADA's online newsroom at NADAFrontPage.com. .
Top Stories
Marchionne: Chrysler on Track to Post $3B Operating Profit in 2012

Chrysler Group LLC expects to earn $3 billion in operating profit next year after slashing costs and boosting sales, CEO Sergio Marchionne said [Friday]. Chrysler Group will sell 2.4 million vehicles next year and about 2 million this year, Marchionne said at a business conference near Calgary. Marchionne aims to merge Chrysler with Fiat to reduce costs and achieve a target of more than 100 billion euros ($136.8 billion) in revenue by 2014. "The future is a good future," he said today. "It sees Chrysler becoming a global automaker."
Source: Automotive News

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VW-Suzuki Partnership Nears Collapse

A troubled partnership of Volkswagen AG and Suzuki Motor Corp. appeared on the verge of collapse after the German company said its Japanese partner violated their contract by agreeing to buy diesel engines from another car maker. The tie-up between the German and Japanese car makers has been unraveling almost from its start in 2009, when VW purchased a 19.9% stake in Suzuki for $2.9 billion. The companies since have been unable to agree or follow through on any joint projects. In recent months their differences have spilled over into a public war of words, with the Japanese car maker's 81-year-old chairman, Osamu Suzuki, posting a blog item in July saying his company "had found nothing that it wanted right away" from Volkswagen's array of technologies.
Source: The Wall Street Journal

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Wikileaks Details U.S. Help for Big 3

Secret diplomatic cables reveal the U.S. government's deep involvement in a spate of American automotive issues, including China's derailment of Hummer, Germany's anger over the scrapped sale of General Motors' Opel unit, and concern that massive Toyota recalls might impact Japanese-U.S. relations. A Detroit News review of more than 100 auto-related communications, part of a WikiLeaks cache of more than 250,000 cables between U.S. embassies and Washington, peeks behind the curtain of the close relationship between Detroit automakers and the government. It also reveals how commerce intersects with global politics.
Source: The Detroit News

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Fisker Says First U.S. Deliveries Imminent Amid EV Industry Turmoil

Fisker Automotive, backed by $1 billion in venture capital and low-cost U.S. government loans but missing delivery targets for its first product, expects to start providing U.S. dealers with demonstration models by the end of the month. Some dealers do not expect to begin filling their orders until the first week of November. “Not soon enough,” says Mark Harding, sales manager at Fisker Santa Monica, part of the mega-dealer Sullivan Automotive Group in Southern California. “Interest is very high,” he says.
Source: Ward's Auto

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EPA Extends Deadline on Dealership Energy Survey to Sept. 30

The Environmental Protection Agency has extended until Sept. 30 the deadline for dealers to complete a new survey on dealership energy use that could earn them national and local recognition. NADA is urging its members to complete the short survey, whose results will be used to produce a 1-to-100 ENERGY STAR performance scale, allowing dealerships to compare their energy use to other dealerships nationwide. Dealerships with energy performance scores of 75 or higher will be eligible for an ENERGY STAR designation, receive national and local recognition through NADA’s Energy Stewardship Initiative with the EPA and learn additional ways to reduce energy use. NADA members can access the survey by clicking here. It takes 30 minutes or less to fill out and must be completed and returned by Sept. 30. Responses will be kept strictly confidential. Please submit your completed survey via email to energystar@nada.org or via fax to (703) 883-9494.
Source: NADA Regulatory Affairs

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This Time, the Downsizing Will Happen Under the Hood

WILL Americans buy a $50,000 BMW with 4 cylinders under its hood? We’ll soon find out. Facing tougher fuel economy rules, the German automaker will bring powerful, fuel-efficient 4-cylinder versions of its 5 Series sedan and Z4 roadster to American showrooms in October. At roughly the same time, Mercedes will offer a C250 sedan and coupe, followed by an SLK250 roadster next year, its first 4-cylinder models here since 2005. Expensive 4-cylinder cars have generally failed to impress American buyers. But carmakers say that vastly improved engine designs and higher fuel prices are rewriting consumer expectations.
Source: The New York Times

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More articles

Sept. 9 - Buyer Beware: Flooded Cars Flood the Market

Sept. 8 - Auto Dealers Pressured to Spiff Up Showrooms

Sept. 7 - Are You Worried About the Health of the Auto Industry? Watch China

Sept. 6 - Toyota to End Camry Imports from Japan

Sept. 2 - Chrysler, Nissan, GM Lead Industry to 8% Gain

 
Quotable
"The future is a good future. It sees Chrysler becoming a global automaker."

   
-- Chrysler CEO Sergio Marchionne, on the automaker's expectation it will earn $3 billion in operating profit next year after slashing costs and boosting sales, Automotive News, Sept. 9
Videos

 
Update on Adverse
Action Requirements

(AutoFocus)

 
NADA Foundation:
A Success Story
 
(AutoFocus)

 More videos

NADA U Webinars
-- Sept. 21 at 1 p.m., EDT: “Implementing the Four Essentials to 100% Absorption,” presented by Don Reed, NADA U Partner and CEO, DealerPro Training Solutions

-- Oct. 19 at 1 p.m., EDT: “Performing a Monthly Parts Inventory Reconciliation,” presented by Chris Bavis, NADA-ATD Academy instructor.

Call 800.557.6232 to learn more and register.

Convention News
Alert: Beware of Hotel Offers from Unaffiliated Third Parties

Some dealers and exhibitors may receive emails from unaffiliated hotels or third-party agencies offering to make hotel reservations for the 2012 NADA/ATD Convention & Expo in Las Vegas, Feb. 3-6. These entities HAVE NO AFFILIATION WITH NADA. They may employ harsh cancellation or alteration policies, charge excessive fees or engage in other questionable practices. Official housing for the 2012 convention is available online only through the convention's website. Following the completion of your hotel reservation, you will receive a confirmation email from NADA (nada@experient-inc.com.)

Foundation News
NADA Foundation Program Reaches 500th Ambassador
Marketplace
Seats Available in Five Remaining Academy Classes of 2011

NADA 20 Groups for Fixed Ops Managers Meeting this Fall; Controllers/CFO Groups Now Forming

HP's Small but Mighty PC

Save More Than 50% on Lenovo in September

   
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