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Monday, Dec. 19, 2011 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
  
Inside this issue
Saab Auto Files for Bankruptcy After Swedish Carmaker Runs Out of Options
BMW Drives Into 2012 Full of Confidence
GM CEO Wants to Speed Up Change
Testing the Waters With a Smaller Vessel
Bouncing Back from a Bad Reputation
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Saab Auto Files for Bankruptcy After Swedish Carmaker Runs Out of Options

Saab Automobile filed for bankruptcy, bringing the Swedish carmaker to the brink of shutting for good after failing to find investors to rescue the 74-year-old company. Saab submitted its application today at Vaenersborg District Court. “It feels really tough,” Mats Faegerhag, Saab’s product development chief, said today in a phone interview. “We’ve been fighting so hard for so long. Saab is part of Sweden’s industrial history, and it’d be a big blow not just to us if we go under.”
Source: Bloomberg

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BMW Drives Into 2012 Full of Confidence

BMW, the world's largest premium carmaker, brushed off gloom-and-doom scenarios for next year and forecast another strong year for sales underpinned by new models like its revamped 3 Series saloon that hits showrooms in February. "In 2012, the BMW brand will have the youngest model range of all of our core competitors by far," Chief Executive Norbert Reithofer told reporters on Thursday evening at an event in Munich. Reithofer brushed off any idea of a possible collapse of the euro zone: "I don't even want to imagine that at all, and I don't believe it will happen."
Source: Reuters

Related article

  Audi CEO Says Good Chance of Growth in 2012 (Reuters)

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GM CEO Wants to Speed Up Change

Dan Akerson is hardly a corporate diplomat. The chairman and chief executive at General Motors Co. says publicly what other CEOs say in private: he disses competitors' cars and laments his company's lumbering bureaucracy. He's told reporters that Ford should "sprinkle holy water" on its troubled Lincoln luxury brand, and has called Toyota's Prius hybrid a "geek-mobile." And you know what makes him really mad? "There is a resistance to change" at GM, Akerson recently told The Associated Press. By all accounts, though, the auto giant is moving at a faster pace under his leadership as he tries to overcome the resistance.
Source: The Associated Press

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Testing the Waters With a Smaller Vessel

For a brand that ceased to be bold long ago, Buick is making a rather audacious request with its newest car, the 2012 Verano: would you please consider it the equal of small cars from prestigious brands like Audi and Volvo? The Verano is aimed at cars like the Audi A3 and Volvo C30 that are exploring the question of whether Americans will pay premium prices for upscale compacts. For Audi and Volvo this remains a test without a final grade: combined sales of the A3 and C30 were only 10,500 last year. Buick, which is feeling pretty good about itself, wants to take the exam, too.
Source: The New York Times

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Bouncing Back from a Bad Reputation

Former Heard store wins respect under new regime

Buying a Chevrolet dealership in October 2008, just as the U.S. economic meltdown was beginning, was not the biggest of Ben Freeland's challenges. Everyone Freeland talked to about buying the Heard Chevrolet dealership ... tried to warn him away from the deal. He listened to the advice -- and then went ahead. But Freeland has made progress on a turnaround of a more profound kind -- of personal reputation, of community standing and of organizational culture. How? By abandoning the practices of the past and taking on the role of a committed member of the community.
Source: Automotive News

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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

"General Motors has made good progress, but we're not nearly what I think we are capable of being."

    -- GM CEO Dan Akerson, lamenting his company's lumbering bureaucracy in an interview with The Associated Press in New York about the car industry, the economy, his management style and the future of electric cars, Dec. 16




NADA - National Automobile Dealers Association
Videos
 
 Wade: Make Your Plans Today to Attend the 2012 Convention (NADA-TV)

Ford's Czubay on Fuel Economy and Consumer Choice (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
Wade: Make Your Plans Today to Attend the 2012 NADA-ATD Convention & Expo

Have you made your plans to attend the 2012 NADA-ATD Convention & Expo in Las Vegas? NADA Chairman Stephen Wade says every dealer should attend. "There's no better way to catch up on the latest innovative technologies than by visiting the expo hall," says Convention Chairman Rick Morrison. Click here to hear from Wade, Morrison and ATD Convention Chairman David Yglesias on why you should register today.



Exhibitor Update

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

Foundation news
Cleveland Dealers Donate $120,000 to NADA Foundation Ambassador Program

ATD Chairman Urges Dealers to Learn More about Ambassador Program


NADA Foundation Ambassador Peter Blackstock Supports California School
Marketplace
New NADA Mobile App for iPhone and iPad

HP's Inventory Blowout

Lenovo's New December Deals

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