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Inside this issue
VW Calls for Marchionne to Quit as Head of Auto Group
NADA Academy Grads Recognized as 'Standouts' by Automotive News
JD Power Sees July US Auto Sales on Par with June's
Chrysler, Ford, GM Hang Out The 'Help Wanted' Sign
BMW, GM, Jeep Compete in the Olympics of Marketing Events
Ford Recalls 421,000 Escapes Over Unintended Acceleration Concern
Volkswagen Creates Cage for Discovery's 'Shark Week'
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
VW Calls for Marchionne to Quit as Head of Auto Group

Volkswagen AG threatened to leave the ACEA European automakers association in response to comments by Fiat SpA Chief Executive Officer Sergio Marchionne, a measure of rising tensions in the industry as sales slump. According to a report in the New York Times published yesterday, Marchionne suggested VW’s pricing strategy was creating a “bloodbath.” The newspaper said that auto executives, including Marchionne, who is also ACEA’s president, accuse the German carmaker of exploiting the debt crisis to expand its market share.
Source: Bloomberg

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NADA Academy Grads Recognized as 'Standouts' by Automotive News

Second-generation auto dealer Matthew Haiken attributes his early success in automotive retailing to his father who served as a mentor and lessons learned at the National Automobile Dealers Association. This week, Automotive News recognized Haiken, a 2006 NADA Academy graduate, along with 16 other Academy graduates and NADA 20 Group members, in its first 40 Under 40 list of dealership standouts in auto retailing. “I’m so honored to be a part of 40 Under 40,” said Haiken, 29, dealer principal of Prestige Imports, Inc. in East Hanover, N.J., about 20 miles west of New York City. “The combination of hands-on mentoring from my father and NADA has really given me the foundation to lead me where I am today, and it will continue to lead me where I’m going.” Click here for the full story.
Source: NADAFrontPage.com

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JD Power Sees July US Auto Sales on Par with June's

July U.S. auto sales will rise about 20 percent from last year but be roughly the same as last month, at 14.1 million vehicles on a seasonally adjusted annualized basis, J.D. Power and Associates and LMC Automotive said on Thursday.
Source: Reuters

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Chrysler, Ford, GM Hang Out The 'Help Wanted' Sign

The U.S. auto industry is hiring again, and top executives expect to keep right on hiring through next year. “Essentially, the industry has a lot of new and upgraded factories, the U.S. has highly efficient, low-cost labor. They have done some clearly remarkable things,” said Gary Silberg, national automotive industry leader for KPMG LLP.
Source: Forbes.com

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BMW, GM, Jeep Compete in the Olympics of Marketing Events

Some of the world's top automakers are competing in the Olympics -- at varying levels. As the official automotive partner of the 2012 Summer Olympics, BMW Group has a dominant role. Its top-tier sponsorship provides the International Olympic Committee with a fleet of about 3,200 vehicles to transport athletes and VIPs during the games. General Motors and Jeep also will have some visibility during the games with various advertising and marketing strategies.
Source: Automotive News

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Ford Recalls 421,000 Escapes Over Unintended Acceleration Concern

Ford announced on Thursday that it was recalling some 421,000 Escapes from 2001-4 in the United States over a defect in the cruise control cables that could make the vehicles susceptible to unintended acceleration.
Source: The New York Times

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Volkswagen Creates Cage for Discovery's 'Shark Week'

Volkswagen is going to take a big bite out of the 25th anniversary of Shark Week on the Discovery Channel this year. Instead of the usual jail-like shark cage, VW had a "Volkswagen Beetle Shark Observation Cage" created. It's looks like how it sounds, metal bars looking just like the outline of the new Beetle turned into a shark cage, complete with wheels.
Source: USA Today

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Quotable
"Our dealers now have plenty of inventory and showroom traffic is up on a global basis."

   
-- Javier Moreno, a spokesman for New York-based Toyota North America, referring to the automaker's lead in global car sales and recovery from the earthquake and tsunami, Reuters, July 26



 




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