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Tuesday, Dec. 6, 2011 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
  
Inside this issue
Ford Denies Report It's Looking Outside for a Successor to CEO Alan Mulally
Honda Prays for End to Natural Disasters, U.S. Rebound Led by New Models
Lots of Big Reveals Planned for 2012 Detroit Auto Show
SBA’s Web Chat to Focus on Tax Essentials For Small Business Owners
NADA Convention and Expo Ranked as One of the Largest Shows in 2010
Bugatti Leads List of World's Most Expensive Cars
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Ford Denies Report It's Looking Outside for a Successor to CEO Alan Mulally

Speculation over who will succeed Ford CEO Alan Mulally is heating up, but Ford is denying a report that the search extends to external candidates. The Wall Street Journal reported Monday night that the automaker has begun a “broad search” that includes outsiders, including former Ford executive Phil Martens and John Krafcik, CEO of Hyundai Motor America. The strongest internal candidates are Mark Fields, president of the Americas, and Joe Hinrichs, CEO of Ford China and responsible to the company’s Asia-Pacific and Africa operations. "The Wall Street Journal story is false,” Ford said in a statement. “As Bill Ford has consistently said, we will always consider both internal and external candidates for any succession plan, but we do not have a search under way for an external CEO successor."
Source: Detroit Free Press

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Honda Prays for End to Natural Disasters, U.S. Rebound Led by New Models

Honda Motor Co. says replenished vehicle inventory and new Honda and Acura models planned for the next 24 months will spur a U.S. sales rebound next year after natural disasters dashed its 2011 goals. “I’m going to the shrine to pray to avoid any more such disasters from Mother Nature,” Tetsuo Iwamura, Honda’s top North American executive, said in an interview on Dec. 2 in Las Vegas. “Next year, even starting this month, we’ll recover.” Honda’s immediate goal is to boost production of its new Civic compact and CR-V compact sport-utility vehicle that goes on sale this month, Iwamura said. The company starts December with about a 40-day supply of vehicles, he said.
Source: Bloomberg

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Lots of Big Reveals Planned for 2012 Detroit Auto Show

There will be more new cars and trucks making their global debut at 2012's Detroit auto show, organizers told the Free Press on Monday, a sign that the show remains among the top auto shows. Bill Perkins, chairman of the 2012 Detroit auto show, said Monday that manufacturers plan to reveal about 36 new vehicles for the first time anywhere, up from 32 global unveilings in the 2011 show. The return to a two-day schedule is one of several signs that the show is returning to its pre-recession form, Perkins said. Nissan is returning for the first time since 2009, and manufacturers plan to reveal at least 40 vehicles never seen globally or in North America. "So I think one of the big stories this year is going to be where we were in 2008, and now look where we are in 2012," Perkins said.
Source: Detroit Free Press

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SBA’s Web Chat to Focus on Tax Essentials For Small Business Owners

With the end of the 2011 tax year right around the corner, small business owners can help prepare themselves for the upcoming filing season by clicking in to the U.S. Small Business Administration’s free December web chat for tips on potential year-end tax savings. Edward S. Karl, CPA, vice president of taxation for the American Institute of Certified Public Accountants, will host SBA’s free December web chat on “Tax Essentials for Small Business Owners.” Participants can join the live web chat on Dec. 15 at 1 p.m. EST, and also post questions in advance by going online at www.sba.gov, and clicking the web chat event under What’s New.
Source: SBA

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NADA Convention and Expo Ranked as One of the Largest Shows in 2010

The 2010 National Automobile Dealers Association (NADA) Convention and Expo, held in Orlando, Fla., received the prestigious Gold 100 award from Trade Show Executive magazine. The NADA Convention and Expo was ranked as one of the largest U.S. trade shows in 2010 based on net square feet of paid exhibit space. “The Gold 100 ranking places the NADA Convention and Expo with an elite group of trade shows across the country,” said Steve Pitt, NADA vice president of conventions and expositions. “We’re honored to be recognized as part of this elite group and setting the gold standard for the trade show industry.”
Source: NADA Newsroom

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Bugatti Leads List of World's Most Expensive Cars

What automaker makes the most expensive cars? Rolls-Royce? Bentley? For members of the 1% — or probably the 0.1% in this regard — there's an even more exclusive list of rides, with price tags nearly as long as their nameplates. The Bugatti Veyron remains the most expensive car on the market, according to Forbes.com, which compiled the top 10 list. Even if you have the money to purchase one of these puppies, some of the models are available only if the automaker invites you to purchase one, like the Ferrari 599XX.
Source: USA Today

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More Articles


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.

 
Quotable

"It is a year to forget, and then push the reset button."

    -- Rebecca Lindland, an analyst with researcher IHS Automotive, on Honda's efforts to spur a U.S. sales rebound next year with replenished vehicle inventory and new models after natural disasters dashed its 2011 goals, Bloomberg, Dec. 5


 


NADA - National Automobile Dealers Association
Videos


 Economic Report from NADA Chief Economist Paul Taylor
(AutoFocus)

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
2012 Convention on Pace to Be Biggest Since 2008

Congress Members: 'Time Out' Needed on Fuel Economy Regulation

Study Takes a Look at ROI of Factory Image Programs

Convention news
Exhibit Space at 2012 NADA Convention and Expo Sold Out

"Booth space for exhibitors is busting at the seams, which is another indicator the auto industry is showing signs of recovery,” says Steve Pitt, NADA vice president of conventions and expositions. For an advance look at the exhibitor list, attendees are encouraged to log on to “myNADAplanner,” an online tool that connect buyers and sellers on the expo floor. It also lists the “show specials” that will be available on the expo floor. To register for the convention, visit www.nadaconventionandexpo.org.



Exhibitor Update

Click here for the latest news on first-time exhibitors.

Foundation news
NADA Foundation Ambassador Peter Blackstock Supports California School

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

NADA Foundation: Ambassador Supports American Red Cross

Marketplace
New NADA Mobile App for iPhone and iPad

HP's Inventory Blowout

Lenovo's New December Deals

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NADA For more information on NADA, visit www.nada.org or contact NADA, 8400 Westpark Drive, McLean, VA 22102. This email may contain an advertisement of NADA products and services. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org .