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Friday, Nov. 11, 2011 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside This Issue
Romney Defends Auto Bailout Opposition in Home State of Michigan
How GM Learned to Love the Small Car
Chrysler Will Announce Liberty Plan Next Week
Porsche Aims to Double Volume with New Models
Nissan to Market Low-Priced EV Quick-Charger
Iraq War Veteran, Disabled Child Receive Canine Companions from NADA Foundation
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Top Stories
Romney Defends Auto Bailout Opposition in Home State of Michigan

Mitt Romney, debating Republican presidential rivals in Michigan [Wednesday] night, defended his opposition to a government bailout that saved tens of thousands of jobs at Chrysler Group LLC and General Motors Co. Instead of a government intervention, the former Massachusetts governor and Michigan native said, the companies should have immediately entered into private sector bankruptcies. “My view with regards to the bailout was that, whether it was by President Bush or by President Obama, it was the wrong way to go,” he said, during the event at Oakland University in Rochester, Michigan. Romney, whose father served as chief executive of American Motors, asserted in a New York Times opinion piece on Nov. 18, 2008, that the companies should have entered into managed bankruptcies before bailout funds were provided.
Source: Bloomberg

Related article

  The Fact Checker: Was Mitt Romney Consistent on the Question of an Auto Bailout? (The Washington Post)

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How GM Learned to Love the Small Car

Among the many reasons for the collapse of the old General Motors was its chronic inability to field a competitive small car in the U.S. Now, stunning sales of its Chevrolet Cruze show that post-bankruptcy GM is a very different company than it once was. Car buyers have been flocking to dealerships based on strong reviews and word-of-mouth recommendations, despite the fact that the car buying bible, Consumer Reports, has so far withheld its "recommended" rating because it hasn't gathered sufficient reliability data., the automotive website notes, finally GM has manufactured a small car whose doors close with a solid "thunk."
Source: Fortune

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Chrysler Will Announce Liberty Plan Next Week

Chrysler Group plans to detail its long-delayed plans for its Toledo North Assembly plant Wednesday, Nov. 16, when CEO Sergio Marchionne is scheduled to visit the plant to tell workers and local politicians about Chrysler's plan to replace its aging Jeep Liberty. The Liberty's replacement may keep the Liberty name, in use since 2001, or get the previous name, which it has maintained in overseas markets, the Cherokee. It will be the first Chrysler SUV built on Fiat's CUSW architecture.
Source: Automotive News

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Porsche Aims to Double Volume with New Models

Porsche intends to more than double its current global sales volume – while maintaining its position as the world’s most profitable carmaker – with the steady addition of new products. The maker believes that much of its growth, going forward, will come from emerging markets like China, Russia and India, but it also believes there’s a significant opportunity to build demand in established markets such as the U.S. and Europe ... “Our objective is to have a new Porsche product every year,” revealed [Porsche Board Member Wolfgang Hatz], either in the form of an all-new model or a major new variant of an existing product line.
Source: The Detroit Bureau

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Nissan to Market Low-Priced EV Quick-Charger

Nissan North America says it will bring a lower-priced electric vehicle quick-charger to the United States early next year. Nissan has slashed the cost of a typical quick-charge system by two-thirds or more, to under $10,000. The new quick-chargers operate on a 480-volt current and can take a depleted battery to 80 percent charged in under 30 minutes. [Brendan Jones, Nissan's director of Leaf marketing and sales strategy,] said the systems can perform a quick "topping off" of battery power in five minutes. "That makes it the equivalent of stopping for gas," he said.
Source: Automotive News

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Iraq War Veteran, Disabled Child Receive Canine Companions from NADA Foundation

The National Automobile Dealers Charitable Foundation has provided a $20,000 grant to help fund the training of two assistance dogs from Canine Companions for a physically disabled child and an Iraq war veteran. Charles Chesnes, a 10-year-old from Delaware, Ohio, who uses a wheelchair, will receive his skilled companion dog, Katrina, on Saturday, Nov. 12. Adam McCann, a former Marine from Oberlin, Ohio, who was injured in the Iraq war, received his dog, Holt, last February. “A canine companion makes it possible for some very special people to live a more active lifestyle with a trained dog at their side,” said NADA Foundation Chairman Robert P. Mallon.
Source: NADA Newsroom

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The NADA Story

The NADA story began in 1917 when 30 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.


"There are very few problems in this industry that can't be solved with good product."

-- Aaron Bragman, analyst for IHS Global Insight, on GM's post-bankruptcy success, due in part to strong sales of its Chevrolet Cruze, Fortune, Nov. 11

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 Economic Report from NADA Chief Economist Paul Taylor

Ford's Czubay on Fuel Economy and Consumer Choice  (AutoFocus)

NADA Used Car Guide October Market Update (AutoFocus)

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Chairman's Column
Study Takes a Look at ROI of Factory Image Programs

Economic Fears May be Rising, But New-Car Sales are Still Expected to Rise

Dodd-Frank Law Takes Effect with Implications for F&I Office

Convention News
Registration for NADA-ATD Convention Up; Another Sign Auto Industry is Recovering

Registration for the convention, Feb. 3-6, in Las Vegas will likely exceed 20,000 attendees for the first time in four years. Registration and exhibit sales are up more than 25 percent. Six hotels have already sold out. Click here to register.

Foundation News
Iraq War Veteran, Disabled Child Receive Canine Companions from the NADA Foundation

NADA Foundation: Ambassador Supports American Red Cross

NADA Foundation: Ambassador Supports Reading Program in Michigan

New NADA Mobile App for iPhone and iPad

Special NADA Pricing on Sleek HP Powerhouse PC

Holiday Savings from Lenovo
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