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Inside this issue
NADA President Brady to Step Down, Join Energy Company
Chrysler Posts $436M Second-Quarter Profit
GM Ousters Raise Concerns
GM Will Continue Soccer Sponsorship Despite Exit of Global Marketing Chief
Honda's Profit Quadruples on Disaster Recovery
Brown, Green and Blue are the Next Hot Car Colors
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
NADA President Brady to Step Down, Join Energy Company

Phil Brady, president of the National Automobile Dealers Association, is leaving after 11 years at the helm to become head of government relations at the newly reconstituted Phillips 66. Brady, 61, announced his departure Monday in a memo to NADA staff. "While this is an exciting opportunity, it is with genuine regret that I will leave this great association," Brady wrote in the memo. Brady, who directs a staff of nearly 350 employees, was appointed NADA president in June 2001 after serving as its industry affairs chief. He succeeded the late Frank McCarthy, who was the association's chief executive for 33 years. During his tenure, Brady saw the organization through an industry sales collapse, the 2009 bankruptcies of General Motors and Chrysler, and the closing of thousands of their dealerships.
Source: Automotive News

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Chrysler Posts $436M Second-Quarter Profit

Chrysler's almost total reliance on North America used to be a huge weakness, one that sent the company into bankruptcy protection. Now it's a major strength. The region is generating profits for the company while losses in Europe and slowing sales in South America and China are drains on other carmakers.
Source: Associated Press

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GM Ousters Raise Concerns

Execs' abrupt exits come as stock, market share slip

The ouster of two key General Motors Co. executives in the past week has left some outside the Renaissance Center questioning the culture and management direction within the organization. The departures were announced just weeks after GM dismissed its European chief.
Source: The Detroit News

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GM Will Continue Soccer Sponsorship Despite Exit of Global Marketing Chief

Chevrolet brand to sponsor Manchester United shirts

General Motors Co. said it will not drop sponsorship deals for its Chevrolet brand with English soccer clubs Manchester United and Liverpool despite the dismissal of the company's global marketing chief Joel Ewanick.
Source: Automotive News

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Honda's Profit Quadruples on Disaster Recovery

Honda's quarterly profit quadrupled to 131.7 billion yen ($1.7 billion) as the Japanese automaker bounced back from last year's natural disasters with more vehicles sold across all key regions except for Europe.
Source: Associated Press

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Brown, Green and Blue are the Next Hot Car Colors

Silver, white and black will still make up about 50% to 80% of all car colors, but natural colors such as brown, blue and green will be the hot trend in the next five years, paint specialists at BASF say.
Source: USA Today

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Quotable
"Phil has had a profound impact on the auto industry, successfully leading our association through tumultuous and virtually unprecedented times."

   
-- NADA Chairman Bill Underriner, commenting on NADA President Phil Brady leaving the association to join energy company Phillips 66, Automotive News, July 30


 




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