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Inside this issue
GM Seen Planning Global Reorganization Against 'Fiefdoms'
Delay of US Auto Efficiency Rule a Win for Consumers: GOP
NADA: Incentives and Declining Used-Car Prices to Boost Auto Sales
Video: 'Mom Mobile' Making a Comeback
Blog: Why U.S. Heavyweights Are Losing Share to VW, Hyundai, Others
Chrysler Recalls Some '13 Durangos for Air Bag Problem
General Motors CEO Will Donate His 1958 Corvette to Help Detroit Neighborhood
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
GM Seen Planning Global Reorganization Against 'Fiefdoms'

General Motors Co. Chief Executive Officer Dan Akerson is planning a reorganization of the automaker that would move it away from long-entrenched regional authority toward a structure built on global functions, said two people familiar with the planning. Power would shift from regional chiefs to global leaders in areas such as marketing, purchasing and product development, said the people, who asked not to be identified because the matter is private. While details are still being determined, the company is working to upgrade its accounting system to support the new organization, the people said.
Source: Bloomberg

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Delay of US Auto Efficiency Rule a Win for Consumers: GOP

A delay in the Obama Administration's tough new automobile efficiency standards is a victory for consumers and automobile safety, a chief Republican critic of the fuel economy rule said on Wednesday. The new fuel economy proposal, announced in July 2011 after months of negotiations between the Obama administration and auto makers, would require the companies to reach an average fuel efficiency across their U.S. fleets of 54.5 miles per gallon by 2025. "Increased fuel efficiency is a goal all parties support, but pursuing new standards that increase vehicle cost and decrease vehicle safety is dangerous for consumers and unacceptable from regulators," Darrell Issa, chairman of the House of Representatives Committee on Oversight and Government Reform, said in a statement.
Source: Reuters

Editor’s note: NADA recently met with the White House to outline dealer issues with the expected final 2017-25 CAFE/GHG rules. Of greatest concern: how the rules’ high costs will limit the ability of consumers to purchase higher priced vehicles. NADA, which generally supports affordable fuel economy improvements, expects a final rule to be announced as soon as next week.

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NADA: Incentives and Declining Used-Car Prices to Boost Auto Sales

New-vehicle incentives and rebates as well as declining prices on used vehicles are a couple of factors pointing to steady auto sales as the summer months come to a close. “The end of summer is typically a good time of the year to shop for new and used vehicles,” said Jonathan Banks, senior analyst with the National Automobile Dealers Association (NADA) Used Car Guide. “Dealers and manufacturers are offering incentives and rebates to sell remaining inventory at dealerships and to make room for new model year vehicles arriving this fall,” Banks added. “Over the next few months, we expect to see an acceleration in the decline of used-vehicle prices that usually begins as the summer season winds down,” said Banks, in the August edition of Guidelines, a monthly report that analyzes trends and pricing information on both the new- and used-vehicle markets.
Source: NADAFrontPage.com

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Video: 'Mom Mobile' Making a Comeback

If by chance, you do a little car shopping this weekend, don't be surprised if the salesman steers you toward a particular type vehicle. It’s a vehicle that's making a comeback. A few decades ago, they were known jokingly as the "mom mobile," then they lost a popularity contest with SUV's. But, now, the minivan's making a comeback. "... the most popular minivan models are growing about 24-percent overall," said Paul Taylor, economist of the National Auto Dealers Association.
Source: NECN/NBC News

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Blog: Why U.S. Heavyweights Are Losing Share to VW, Hyundai, Others
By Jesse Snyder

July U.S. auto sales look like a simple story: Toyota and Honda recapture market share that they lost to General Motors and Ford a year ago when their post-earthquake stocks were depleted. But that masks a longer trend in the U.S. light-vehicle sales arena. Since July 2010, GM, Ford and Japan's Big 2 have lost a combined 4.6 points of market share. Most of that lost share was snapped up by Volkswagen, Chrysler, Hyundai-Kia and Nissan.
Source: Automotive News

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Chrysler Recalls Some '13 Durangos for Air Bag Problem

Chrysler Group said Thursday it is recalling 1,600 new Dodge Durango SUVs because some side air bags may not function properly. The Auburn Hulls automaker said it will recall 1,661 2013 Dodge Durango SUVs — including 1,449 in the United States — to replace occupant-restraint control modules. The recall includes 131 in Canada and 81 in overseas markets.
Source: The Detroit News

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General Motors CEO Will Donate His 1958 Corvette to Help Detroit Neighborhood

General Motors CEO Dan Akerson plans to give up his 1958 Chevrolet Corvette to help rehabilitate a Detroit neighborhood. Akerson and his wife, Karin, are donating the vehicle for an auction to benefit Habitat for Humanity Detroit’s efforts to improve the Morningside Commons neighborhood.
Source: Detroit Free Press

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Quotable
"Poor Dan, he feels like a herd of wolves is after him and he's out in the Canadian wilderness." 

   
-- David Cole, chairman emeritus for the Center for Automotive Research in Ann Arbor, Mich., referring to General Motors Co. CEO Dan Akerson's extraordinary challenge to reorganize the company, Bloomberg, Aug. 17


 




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