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Tuesday, Dec. 20, 2011 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
  
Inside this issue
Saab's U.S. Dealers Seek Fair Compensation in Bankruptcy
Why Saab Couldn't Be Saved
House GOP Chair Wants California Fuel Docs
Chevy Cruze Output Resumes After GM Resolves Parts Shortage
With Detroit Auto Show Approaching, GM, Others Prepare to Show Off Where They're Headed
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Saab's U.S. Dealers Seek Fair Compensation in Bankruptcy

Saab dealers hope to be compensated fairly for the losses they will incur now that the Swedish automaker has filed for liquidation. "Obviously it is very sad and disappointing news. A lot of jobs at the dealer level are going to be lost. A lot of assets are going to be lost by the dealers," said Kurt Schirm, chairman of the Saab National Dealer Council. The Saab dealer council has been in contact with NADA to determine each dealership's customer liability and other issues, he said during a telephone interview. "As the chair of the national dealer council we have been preparing in advance as to what we are going to do and how we are going to try to secure the dealer network's assets as best as possible to get some kind of compensation for what we are known to lose from our businesses," Schirm said.
Source: Automotive News

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Why Saab Couldn't Be Saved

It was hard not to get swept up in Victor Muller’s enthusiasm about saving Saab. He would practically leap out of his seat during interviews as he rattled off his long-term product plan for Saab, a quirky brand with an insanely loyal following that he believed was worth saving. But as so often happens in the capital-intensive auto business, the dreamers fail. Muller learned, as so many before him — Preston Tucker, John DeLorean and Malcolm Bricklin among them — that it takes an enormous amount of capital to operate an automotive company. And this industry already has too many brands, and too many factories for all to be profitable.
Source: Forbes

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House GOP Chair Wants California Fuel Docs

The House Oversight and Government Reform Committee wants the California Air Resources Board to turn over more documents about a deal reached this summer to double fuel efficiency standards by 2025. Rep. Darrell Issa, R-Calif., the committee chairman, wants board Chairwoman Mary Nichols to turn over more documents about how a deal was reached this summer between the White House, California and most major automakers to double requirements to 54.5 mpg by the 2025 model year — a plan that Obama administration says will cost the auto industry $157 billion.
Source: The Detroit News

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Chevy Cruze Output Resumes After GM Resolves Parts Shortage

General Motors resumed production of the Chevrolet Cruze at a plant in Ohio after a parts shortage idled output for nearly a week. GM's plant in Lordstown, Ohio -- which builds the Cruze -- was impacted by a supplier issue last week, forcing production to be suspended starting Monday, Dec. 12. Production resumed late Sunday with the plant's third shift, GM said.
Source: Automotive News

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With Detroit Auto Show Approaching, GM, Others Prepare to Show Off Where They're Headed

Chevrolet will reveal concept cars designed to appeal to the millennial generation, Maserati's Kubang SUV will make its North American debut and Lexus will showcase a new design direction at the 2012 North American International Auto Show. Those are just the highlights of news automakers provided Monday as the pace of information surrounding next year's Detroit auto show picked up. GM plans to reveal five production or concept vehicles during the Detroit auto show. That will be among about 40 cars and trucks unveiled during news conferences on Jan. 9-10.
Source: Detroit Free Press

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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.

 
Quotable

"Saab is a very iconic brand. It has been around for a long time. There are a lot of people who have a certain amount of romance for the brand."

    -- Bernie Moreno, dealer principal of Saab of North Olmstead, Ohio, Automotive News, Dec. 19




NADA - National Automobile Dealers Association
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Chairman's Column
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Convention news
myNADAplanner now available!

myNADAplanner is a free service that matches the business needs of attendees with exhibitors by selecting the best possible connections based on information provided at convention registration. Attendees can schedule meetings before, during and after the convention, search for products and create a personalized, printable floorplan map. Access to myNADAplanner is available to all registered attendees and exhibitors. Registration IDs sent in the registration/housing confirmation emails are required to access myNADAplanner. Click here for more info.



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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