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Inside this issue
S&P Upgrades Ford's Outlook to Positive
Honda Bulks Up in N. America, Puts U.S. Execs in Key Posts
Volkswagen's Road to 800K
Hyundai and Kia Are Planning More Prestige-Class Offerings
Ford Rolls Out Dealership iPad App
Colorado Dealers Association Endorses NADA's Retirement Services
Hanover Car Dealership Goes For Solar Power
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
S&P Upgrades Ford's Outlook to Positive

Rating agency trusts carmaker to adapt to weak Europe markets

Standard & Poor's Ratings Services on Friday revised Ford Motor Co.'s outlook from stable to positive, and affirmed the Dearborn automaker's BB+ corporate credit rating. S&P said it could raise the rating to investment grade if Ford demonstrates it can improve the balance of profitability across regions, but is unlikely to raise the rating before understanding profitability prospects for 2014.
Source: The Detroit News

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Honda Bulks Up in N. America, Puts U.S. Execs in Key Posts

Honda is aggressively Americanizing, putting U.S. executives in charge of key North American operations and expanding production capacity here, American Honda CEO Tetsuo Iwamura emphasized in an interview with USA TODAY reporters and editors.
Source: USA Today

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Volkswagen's Road to 800K

For VW to reach its 2018 goal of selling 800,000 vehicles a year in the United States, dealers, production, product lineup and quality must change

Texas dealer Carl Barnett Sr. knows he has his work cut out for him. Next year he plans to open a Volkswagen store in Austin. At his existing location in Longview, Texas, he's going to need more service techs and is trying to find space to cram in more new cars. "The problem is, I'm landlocked," said Barnett, president of Barnett Auto Group, who, like hundreds of VW dealers across the country, is prepping his store for a massive expansion. Eventually he'll have to make a choice: buy more land or move.
Source: Automotive News

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Hyundai and Kia Are Planning More Prestige-Class Offerings

Not only have Hyundai and Kia been piling up market share in recent years, they have moved steadily into higher-priced segments. And both Korean brands plan to continue their march upscale with a series of new models and updates in the next three years.
Source: Automotive News

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Ford Rolls Out Dealership iPad App

New Jersey Ford dealer Rich Savino plans to get rid of all 20 personal computers on his sales consultants' desks by Oct. 1. To replace them, Savino has ordered an Apple iPad for each manager and sales consultant at All American Ford of Old Bridge, N.J., about 40 miles southwest of New York City.
Source: Automotive News

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Colorado Dealers Association Endorses NADA's Retirement Services

NADART, the financial services division of the National Automobile Dealers Association, announced today its endorsement by the Colorado Automobile Dealers Association. NADART and CADA will work together to deliver retirement solutions specifically targeted to franchised automotive retailers in Colorado. “At a time when nearly half of Americans are not saving for retirement, we're especially pleased that NADART continues to meet the needs and expectations of our member dealers,” said Tim W. Jackson, CADA president.
Source: NADAFrontPage.com

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Hanover Car Dealership Goes For Solar Power

Owners invest in green ideas for planet’s health

With the flip of a switch, Jeff and John Morrill took their auto showroom essentially off the grid on Wednesday, becoming the owners of what they say is the world’s first Subaru showroom to be powered largely by the sun. Charles Cyrill, the director of public relations for the National Automobile Dealers Association, said new car dealers like the Morrills are leading a green revolution. “Dealers across the country are making their dealerships more eco-friendly through recycling, wind power, cutting-edge lighting, and low-maintenance landscaping,’’ Cyrill said.
Source: Boston Globe

Editor's note: For information on green dealerships, green checkups and fuel-saving tips for consumers, visit www.nada.org/green.

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Quotable
"I see no benefit to the PC versus the iPad. The PC is over."

   
-- Rich Savino, New Jersey Ford dealer, referring to his plan to replace his sales consultants' personal computers with iPads, Automotive News, August 13


 




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