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Inside this issue
GM Stock Boosted by 'Buffett Bounce'
Detroit 3 Forecast to Regain Market Share in Next 4 Years
E15 Alcohol Fuel Can Wreck Engines, Auto Groups' Data Say
US Factory Output Rose in April on Stronger Autos
NADA Projects Late-Model Supply 'Turning Point'
Hyundai on 'Amazing Trajectory,' Design Exec Says
Ford Sticks with Facebook, Takes Twitter Shot at GM
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
GM Stock Boosted by 'Buffett Bounce'

General Motors Co.'s Chairman and CEO Dan Akerson on Wednesday described Warren Buffett, whose company recently bought 10 million shares of the Detroit automaker's stock, as a "wise investor" with a "track record to prove it." Investors and the market initially agreed with Akerson, as GM stock rose higher than 4 percent at one point Wednesday.
Source: The Detroit News

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Detroit 3 Forecast to Regain Market Share in Next 4 Years

Detroit's automakers should regain some of their lost market share with strong new vehicles coming to market over the next four model years, largely at the expense of the Korean carmakers, according to an annual auto industry analysis by Bank of America Merrill Lynch.
Source: Detroit Free Press

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E15 Alcohol Fuel Can Wreck Engines, Auto Groups' Data Say

E15 fuel can wreck your engine, according to new data presented by auto industry trade groups. The government has approved the use of a blend of 15% ethanol and 85% gasoline, but that was premature, because testing wasn't finished, according to Auto Alliance and Global Automakers, Washington, D.C., trade groups that represent most car companies.
Source: USA Today

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US Factory Output Rose in April on Stronger Autos

U.S. factory output increased in April, helped by a gain in auto production. Busier factories have driven stronger hiring this year and helped the economy grow. Half of the April increase reflected a 3.9 percent jump in the production of motor vehicles and parts. That's the fifth consecutive gain at auto plants and the biggest rise since January.
Source: The Associated Press

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NADA Projects Late-Model Supply 'Turning Point'

Sourcing enough used-vehicle supply to keep up with the burgeoning demand. It has arguably been the biggest challenge faced by dealers in the used-vehicle market for quite some time, but the light at the end of the tunnel might not be too far away, according to a recent white paper from the National Automobile Dealers Association (NADA) Used Car Guide. Click here for the white paper, Used Vehicle Supply: Future Outlook and the Impact on Used Vehicle Prices.
Source: Auto Remarketing

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Hyundai on 'Amazing Trajectory,' Design Exec Says

On the job with Hyundai Design since January, Christopher Chapman considers himself lucky to work for an auto maker that for several years has been hitting homeruns – or at least doubles and triples – each time it steps to the plate. As chief designer at the Hyundai Design Center in Irvine, CA, Chapman says he wants to maintain and evolve the dramatic, upscale “Fluidic Sculpture” styling language that permeates the exterior and interior of every Hyundai vehicle that has launched since then.
Source: WardsAuto

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Ford Sticks with Facebook, Takes Twitter Shot at GM

In Facebook parlance, the "relationship status" for General Motors and Ford would have to fall under "It's complicated." After GM drew attention Tuesday for its decision to ax its $10 million budget for paid ads on Facebook, Ford Motor was quick to point out via Twitter that it's sticking by its commitment to the world's largest social network, which is set to launch the world's largest Internet IPO this week.
Source: USA Today

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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
"Clearly, many vehicles on the road today are at risk of harm from E15."

   
-- Mitch Bainwol, president and CEO of Auto Alliance, referring to the blend of 15% ethanol and 85% gasoline, USA Today, May 16


 

NADA - National Automobile Dealers Association

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