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Monday, Sept. 19, 2011 RSSSEND TO A FRIENDPRINT
Inside This Issue
Union Pact With GM Puts Pressure on Ford, Chrysler
U.S. SAAR to Continue Upward Crawl in September
Hyundai to Set Store Design Rules This Year
Alfa's Latest Delay Spooks Fiat Dealers
Dems Fight for Auto Funds
Dealer Ads Save School Sports, Art Programs
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Top Stories
Union Pact With GM Puts Pressure on Ford, Chrysler

The United Auto Workers' tentative labor pact with General Motors Co. is likely to raise pressure on Chrysler LLC and Ford Motor Co. to increase worker pay and add factory jobs. A contract reached Friday between GM and the UAW increases pay by $2 to $3 an hour for entry-level workers and includes a signing bonus of about $5,000, people familiar with the deal said. Negotiations at Chrysler are expected to intensify Tuesday, when Chief Executive Sergio Marchionne returns to the bargaining table. Ford and the UAW weren't in talks over the weekend, a person familiar with discussions said. Ford wants to see terms of the GM deal before negotiating with the union, the person said.
Source: The Wall Street Journal

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U.S. SAAR to Continue Upward Crawl in September

A Wards Auto forecast for the month calls for 993,032 car and light-truck deliveries over 25 selling days. That equals to a daily sales rate of 39,721 units and represents only a modest 3.9% gain over year-ago (also with 25 selling days). With U.S. unemployment still at 9.1%, and consumer confidence falling precipitously in August, the SAAR likely will stay below the 13 million mark into the fourth quarter and possibly into first-quarter 2012. However, pent-up demand continues to bolster sales in the bad economy and should keep the SAAR from slipping back below 12 million units again in 2011.
Source: Ward's Auto

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Hyundai to Set Store Design Rules This Year

Hyundai Motor Co. is expected to announce design standards for dealerships by year end as part of an effort to move the brand upscale. The Global Design Showroom Identity program sets global standards for showrooms and architectural and aesthetic requirements for a new class of flagship stores, said Cho Won Hong, executive vice president and chief marketing officer. Hyundai plans to introduce the program to dealers around the world in 2012, starting in Korea. Cho said he expects most dealers to adopt at least the showroom requirements within three to five years.
Source: Automotive News

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Alfa's Latest Delay Spooks Fiat Dealers

Another delay in Alfa Romeo's scheduled return to the United States has surprised and disappointed Fiat dealers counting on the sporty Italian cars to bolster their new franchise. "Right now I'm pretty disappointed because I have a pretty big investment in Fiat," said Carl Galeana, owner of Fiat of Lakeside in suburban Detroit and a member of the Fiat Advisory Committee, the dealer council. "I built my store predicated on the fact there would be more than Fiat." Galeana said Fiat officials had not said anything to dealers about the latest holdup.
Source: Automotive News

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Dems Fight for Auto Funds

House Democrats are mounting an effort to save $1.5 billion in funding for an auto industry retooling program, warning the cut would "cripple" the effort. House Republicans want to trim $1.5 billion from the remaining $4 billion in the program, which provides low-cost government loans to retool auto and auto parts factories. A vote on the reduction, attached to a short-term measure that would also provide disaster relief funds, is expected [this] week. The United Auto Workers and automakers, including Ford and Chrysler, are also lobbying Congress to keep the funding intact.
Source: The Detroit News

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Dealer Ads Save School Sports, Art Programs

Indiana auto dealer Ray Skillman was incensed. He had just heard that his local school system was so strapped for funds that it was going to charge students a fee to play football this fall. Forget that, he decided. Instead, he tapped the advertising budget for his dealership group, which has 17 franchises spread over nine locations outside Indianapolis. "We told the school system, "We'll pay for it,'" Skillman says. ""All of it: the football programs, the other sports programs, the school bands, the art programs. Just add it up. We'll pay for it.'"
Source: Automotive News

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More articles

Sept. 16 - Volkswagen to Invest Record $86.1 Billion through 2016

Sept. 15 - Dealers Oppose Gas Rules

Sept. 14 - Toyota's North American Production Back at 100%

Sept. 13 - Auto Dealers Step Up F&I Training

Sept. 12 - Marchionne: Chrysler on Track to Post $3B Operating Profit in 2012

 
Quotable
"When that stadium is full on a Friday night, those are my future customers. They are the parents of my future customers. They are my current customers."

    -- Indiana auto dealer Ray Skillman, who recently reached an advertising deal with his local school system to pay for sports and fine arts programs, Automotive News, Sept. 19

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