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Inside this issue
U.S. Suggests Ally Breakup, Wants GM to Buy Captive Finance Unit, Report Says
House Panel Seeks Answers on Obama's Electric Vehicle Strategy
GM Makes Big Splash in Small-Car Market
Dodge Dart Launch is on Schedule, CEO Says
Highly Autonomous Car Hits the Road
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
U.S. Suggests Ally Breakup, Wants GM to Buy Captive Finance Unit, Report Says

The U.S. Treasury, which put $17.2 billion into a bailout of Ally Financial Inc., has indicated it would prefer a breakup and sale of the lender -- including selling the company's captive finance auto business back to General Motors, its original owner. People familiar with the matter told Bloomberg the Treasury wants to make such moves because it no longer believes an initial public offering of Ally stock would succeed.
Source: Bloomberg

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House Panel Seeks Answers on Obama's Electric Vehicle Strategy

A House panel investigating the Obama administration's support for electric vehicles wants to know if the administration still thinks the U.S. will have 1 million plug-ins on the roads by 2015. In a letter to Energy Secretary Steven Chu, Rep. Andy Harris, R-Md., who chairs the House Science Committee's panel on energy and environment, wants information about the Obama administration's proposal to boost electric vehicle spending by more than $1 billion through a National Community Deployment Challenge.
Source: The Detroit News

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GM Makes Big Splash in Small-Car Market

General Motors Co. looks to have a winning hand in the growing U.S. subcompact market: Sales of its Chevrolet Sonic are gaining market share, and the automaker is readying the launch of Chevy's even smaller Spark minicar this summer. Offerings from the domestic automakers in the U.S. subcompact market were once lackluster, but GM and Ford Motor Co. have begun building and selling the little cars that consumers want to buy: cars that are fuel-efficient, good-looking, full of must-have amenities and fun to drive.
Source: The Detroit News

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Dodge Dart Launch is on Schedule, CEO Says

It will take until late June before most Dodge dealers receive the 2013 Dart, the company said Monday. About 2,000 Dodge Darts will be built in May and another 8,000 in June at Chrysler's Belvidere, Ill., assembly plant, said Reid Bigland, president and CEO of Dodge. "It's going to be late summer before we really hit the stride with all of the option availability," Bigland said Monday. There are about 2,335 Chrysler, Jeep, Dodge and Ram dealers in the U.S. The launch of the Dart is on schedule, Bigland said, and cars should still arrive in time to capitalize on rising gas prices.
Source: Detroit Free Press


Editor's note: Bigland, along with Volkswagen's Jonathan Browning, Ford's Jim Farley, Toyota's Jim Lentz, BMW's Ludwig Willisch, will provide their industry perspectives during a panel session at the NADA/IHS Automotive Forum in New York on April 3. The panel session, which is part of a day-long forum, will be moderated by AutoNation's Mike Jackson. To register or for more information, visit www.autoforumny.com
. And follow the forum on Facebook (www.facebook.com/AutoForumNY) and Twitter (https://twitter.com/#!/AutoForumNY). The hashtag is #NADAIHS.

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Highly Autonomous Car Hits the Road

With his hands off the steering wheel and feet clear of the control pedals, Ibro Muharemovic sits in the driver’s seat of a car as it negotiates stop-and-go traffic on Las Vegas Blvd. He assumes the same passive position as the specially equipped car drives itself down a Nevada highway. During a 10,000-mile (16,000-km) test drive, the car is on its own nearly 65% of the time.
Source: WardsAuto

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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. For more information, visit www.nada.org.

 
Quotable
"They're selling as fast as I can get 'em."

   
-- Tom Baker, sales manager for Kool Chevrolet in Grand Rapids, Mich., which wants more models of the popular-selling subcompact Sonic to meet demand, The Detroit News, March 26


 

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