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Monday, Oct. 31, 2011 RSSSEND TO A FRIENDPRINT
 
Inside this issue
Chevrolet Celebrates 100 Years as an American Icon
Let Good Times Roll Becomes Refrain for Jobs at Automakers
Chrysler CEO Sergio Marchionne Says 3rd-Quarter Profit Proof that 2009 Plan is Working
Honda's Profit Sinks, Thai Flooding Clouds Outlook
Auto Dealers Still Trying to Alter Process for New Fuel Economy Standards
Cars Run in the Family
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Top Stories
Chevrolet Celebrates 100 Years as an American Icon

Some brands transcend commerce. Through an alchemy of great products, good timing and sheer magic, they acquire meanings that reach far beyond their original purpose. Sometime during 100 years of carrying families on vacation, hauling hay wagons, winning races and hosting nervous first dates, Chevrolet became the vehicle of our memories, dreams and hopes as much as it is a line of cars and trucks.
Source: Detroit Free Press

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Let Good Times Roll Becomes Refrain for Jobs at Automakers

Toyota Motor Corp.’s Mississippi plant opens this month to build the Corollas that the Japanese automaker needs to get its U.S. sales growing. It’s part of a surge of hiring among car companies that’s a bright spot in the slow U.S. recovery. U.S. and international carmakers plan to hire or rehire at least 25,000 workers between now and 2015. The hiring this year may also generate 28,000 additional jobs at parts makers and local businesses, according to the Center for Automotive Research, which calculates that, for each worker hired directly by automakers, about seven other jobs are created either by suppliers or because of spending by those new employees. “They support everything from jobs at suppliers to car dealerships and restaurants,” said Debbie Menk, project manager at the Ann Arbor, Michigan-based research center.
Source: Bloomberg

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Chrysler CEO Sergio Marchionne Says 3rd-Quarter Profit Proof that 2009 Plan is Working

Chrysler is getting closer to receiving a loan from the U.S. Department of Energy that would help it develop hybrid and fuel-efficient cars, Chrysler and Fiat CEO Sergio Marchionne said Friday. "We are not far apart on the terms," Marchionne said during a conference call detailing the company's third-quarter earnings. "The ball is in their court." Marchionne also said Friday that Fiat and Chrysler are preparing for a merger within the next three years. "At some point of time between now and the conclusion of the 2014 plan, we need to find not only a convergence of operating realities between Fiat and Chrysler, but a corporate convergence," Marchionne said Friday.
Source: Detroit Free Press

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Honda's Profit Sinks, Thai Flooding Clouds Outlook

Honda's quarterly profit tumbled 56 percent, battered by the strong yen and production disruptions from the March tsunami disaster that are likely to be compounded by flooding in Thailand. The automaker, which makes the Accord sedan and Odyssey minivan, said Monday that net profit for the July-September fiscal second quarter fell to 60.4 billion yen ($788 million). Honda Motor Co. said flooding in Thailand, where the automaker has parts suppliers and assembly lines, made it too difficult to forecast earnings for the full fiscal year through March 2012.
Source: The Associated Press

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Auto Dealers Still Trying to Alter Process for New Fuel Economy Standards

As Obama administration officials inch toward finalizing a delayed proposal for tougher vehicle fuel efficiency standards, auto dealers and their supporters in Congress are making a last-ditch effort to stave off the new requirements and remove the EPA from the process. The National Automobile Dealers Association ... has support from at least 66 House members, who earlier this month wrote to top House appropriators, pressing them to include language in fiscal 2012 spending legislation that would remove the EPA and California’s Air Resources Board out of the process for setting the fuel economy standards. “Redundant EPA and [California Air Resources Board] regulation is wasteful and threatens to increase job loss and price many consumers out of the new vehicle market,” the 66 House members wrote to Appropriations Chairman Harold Rogers, R-Ky., and Interior-Environment Subcommittee Chairman Mike Simpson, R-Idaho. “A one year ‘time out’ is necessary as EPA and CARB are setting national fuel economy standards without explicit authorization by Congress.” Should the rider make it into an omnibus or “minibus” appropriations bill later this year, it could elevate the policy disagreements over the scope of the EPA and California’s roles in setting the mileage rules into a budget stumbling block.
Source: CQ Today (Subscription required)

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Cars Run in the Family

The six Basil brothers are busy people. But each month, they get together for a "B-6" meeting, to discuss how their parts of the Basil Automotive Group are performing and to strategize. Five of the brothers own dealerships; one brother sold his dealership but still participates in the group. "It's not that unusual to have multiple family members running different dealerships," said David Hyatt, vice president of public affairs for the National Automobile Dealers Association. "... But this is the first time I've ever heard of six brothers running six dealerships."
Source: The Buffalo News (Buffalo, N.Y.)

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The NADA Story

In 1917, thirty auto dealers traveled to the nation’s capital to convince Congress not to impose a luxury tax on the automobile. They successfully argued that the automobile is a necessity of American life, not a luxury. From that experience was born the National Automobile Dealers Association. Today, NADA represents nearly 16,000 new-car and -truck dealerships with 32,500 franchises, both domestic and international.

 
Quotable
"Not many brands could get away with wrapping themselves in the flag and equating 'Baseball, hot dogs, apple pie and Chevrolet.' Chevy paid its dues and earned the right to that boast."

   
-- Mark Phelan, auto critic, Detroit Free Press, Oct. 30
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Chairman's Column
Study Takes a Look at ROI of Factory Image Programs

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Convention News
Read NADA's Blog for Latest Convention News

NADA recently launched a new blog for the 2012 NADA/ATD Convention & Expo in Las Vegas. Visit the blog to receive updated convention and expo information, give-aways and contest opportunities and find blog entries from the workshop speakers. Registration for the convention is brisk. Six hotels have already sold out. Click here to register.

Marketplace
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Foundation News
NADA Foundation: Ambassador Supports American Red Cross

NADA Foundation: Ambassador Supports Reading Program in Michigan

NADA Foundation Program Reaches 500th Ambassador

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