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Tuesday, Sept. 20, 2011 RSSSEND TO A FRIENDPRINT
Inside This Issue
UAW-GM Contract to Create or Retain 6,400 Jobs as Union Releases Terms
Chrysler, UAW Near New Deal
Toyota Says U.S. Retail Sales to Rise in October After Quake
NADA University Offers New Training Seminars for General Managers
GM, Chinese Partner to Develop Electric Vehicle
Kia Motors Boogies Its Way into View of New Car Buyers
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Top Stories
UAW-GM Contract to Create or Retain 6,400 Jobs as Union Releases Terms

General Motors has agreed to retain or create 6,400 jobs as part of $2.5 billion in planned product and plant investments under a new labor accord with the UAW. The union today released details of the pact covering wages and benefits for 48,000 GM workers, as well as future plant investments. The investments include two new mid-sized vehicles to be built at GM's Spring Hill, Tenn., assembly plant, which will be reopened. GM also plans to assemble a compact vehicle at a yet-to-be determined plant, the union said.
Source: Automotive News

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Chrysler, UAW Near New Deal

Chrysler Group LLC and the United Auto Workers are close to reaching a deal on a new four-year labor contract with an agreement likely to come within the next few days, people familiar with the matter said. The outlines of any agreement between Chrysler and the UAW remain unclear. In keeping with the tentative deal reached between the UAW and General Motors Co., Chrysler is likely to offer bonuses to workers if they ratify the contract. GM agreed to a signing bonus of $5,000 per worker.
Source: The Wall Street Journal

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Toyota Says U.S. Retail Sales to Rise in October After Quake

Toyota Motor Corp., Asia’s largest automaker, expects to start reversing a U.S. sales slide that began in May after Japan’s earthquake as vehicle production rebounds and deliveries of the new Camry sedan expand. Wholesale orders for Toyota brand cars and trucks are back to normal this month, and vehicle inventory is rising, Bob Carter, group vice president for U.S. sales, said in an interview. Gains in the final quarter of 2011 will come from Camry, increased supplies of Prius and the new Prius v wagon, a refreshed Tacoma pickup and new Scion iQ, Carter said. Toyota’s incentives will be “competitive,” and won’t rise dramatically, he said. “We’d rather price them at a good value, as we did with Camry,” Carter said. “We want to advertise them, not incentivize them.”
Source: Bloomberg

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NADA University Offers New Training Seminars for General Managers

NADA University will hold an unprecedented weeklong integrated seminar for dealership general managers and aspiring GMs, instructed by NADA U's Partner trainers. Scheduled for Oct. 24-28 at NADA in McLean, Va., the seminar "General Manager Power Pack" will cover primary operations of the dealership from the GM's perspective. GMs will learn how to oversee and lead change in each dealership area by gaining a clear understanding of what metrics to track, what questions to ask and the performance standards to expect. "We're bringing in a collection of industry giants to make this the most information-packed seminar for general managers ever offered in one place," said Marilynn Youngs, senior director of NADA University.
Source: NADA University

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GM, Chinese Partner to Develop Electric Vehicle

General Motors Co. and Chinese partner SAIC Motor Corp. said Tuesday they had reached a deal to develop a new electric vehicle in China. SAIC chairman Hu Maoyuan and General Motors chairman and CEO Dan Akerson signed an agreement Tuesday in Shanghai for the co-development of a new electric vehicle architecture in China. "The co-development of this new electric vehicle architecture demonstrates the broad range of benefits made possible by the strong partnership between SAIC and GM," said Tim Lee, president of GM International Operations. "This unprecedented level of cooperation is another demonstration of our companies' commitment to work collaboratively."
Source: The Detroit News

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Kia Motors Boogies Its Way into View of New Car Buyers

Since the beginning of August, Kia Motor’s Buzz score—which measures consumer perception—has been steadily rising among perspective car-buyers, 18-49 years-old, a gain partially spurred on by the release of a new commercial for Kia’s Soul line, featuring the company’s now famous hamsters. While the ad did not appear until the end of August, it capped off a month which saw Kia’s Buzz score among potential car buyers move from negative territory—implying more negative responses than positive—and into firmly positive ground.
Source: Forbes

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More articles

Sept. 19 - Union Pact With GM Puts Pressure on Ford, Chrysler

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

 
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.

Foundation News
NADA Foundation Ambassador Supports Reading Program in Michigan

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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