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Inside this issue
Consumers Likely to Pay Cost of Replacing Counterfeit Airbags, Dealers Say
New Toyota Recall: Massive But Not So Dangerous
2013 to Be Crucial Year for Chevrolet
Ford Will Build On EcoBoost Success
Electric Cars: Environmentally Friendly or Not So Much?
Marchionne: Crisis Grows for European Carmakers
NADA UCG: Wholesale Prices Continue to Slide
Toyota to Help Tow Space Shuttle; Plans to Film Ad Along Way
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Consumers Likely to Pay Cost of Replacing Counterfeit Airbags, Dealers Say

Now that the National Highway Traffic Safety Administration has uncovered a counterfeit airbag ring that distributed potentially dangerous parts, some in the U.S. dealer community are worried that consumers will have to pay the replacement costs. The National Auto Dealers Association said counterfeiters are to blame for the issue, yet consumers will be the ones bearing all costs for evaluation and replacement of faulty airbags.
Source: Automotive News

Editor's note: Click here for NADA’s guidance to dealers on counterfeit air bags.

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New Toyota Recall: Massive But Not So Dangerous

Sticky power window switches have prompted a recall of 7.4 million Toyota vehicles worldwide. And that's caused a hiccup in the automaker's recovery from prior recalls and the impact of the natural disasters in Japan, analysts say. In the United States, the recall affects about 2.5 million Toyota owners. When switch assemblies in the recalled vehicles were built, they weren't properly lubricated, according to the National Highway Traffic Safety Administration.
Source: Forbes

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2013 to Be Crucial Year for Chevrolet

For Chevrolet, 2013 is shaping up to be a crucial year for new products. General Motors' flagship brand is set to introduce 13 all-new, redesigned or significantly refreshed vehicles next year, executives said Wednesday. "You know some of them. There's a lot of chatter about others and a couple will be complete surprises, which we're thrilled about," GM spokesman Michael Albano said at a briefing at Detroit's Renaissance Center.
Source: Detroit Free Press

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Ford Will Build On EcoBoost Success

Ford Motor Co.'s new head of worldwide powertrain engineering remembers working on the Dearborn automaker's first EcoBoost engine — the 3.5-liter V6 in 2009 — that eventually became an option in its best-selling F-150. Andreas Schamel, who was promoted last week to Ford director of global powertrain, research and advanced engineering, hopes to continue that level of success with the rest of Ford's EcoBoost lineup, which includes 2.0-, 1.6- and 1.0-liter engines. The latter has won numerous awards and acclaim, and will be an available option on a North American small car in 2013.
Source: The Detroit News

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Electric Cars: Environmentally Friendly or Not So Much?

Electric vehicles can help reduce harmful greenhouse emissions, but a new study suggests that, without cleaner sources of electricity, the environmental benefits would be limited. Researchers at the Norwegian University of Science and Technology embarked on a detailed assessment of the likely environmental impact of electric vehicles compared to conventional vehicles powered by internal combustion engines.
Source: The Wall Street Journal

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Marchionne: Crisis Grows for European Carmakers

Moody's downgrades Fiat's debt rating as outlook dims

Fiat-Chrysler CEO Sergio Marchionne warned Wednesday that European automakers are fighting for their lives as demand for new vehicles continues to fall across the region. Marchionne's comments came as the ratings agency Moody's cut Fiat SpA's debt rating and warned that its probability of default would likely increase as the crisis in the Eurozone continues.
Source: The Detroit News

Related Story:

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NADA UCG: Wholesale Prices Continue to Slide

Wholesale prices are continuing down, with all but one segment expected to fall, according to NADA Used Car Guide. The lone vehicle category where prices are expected to rise this week and buck the trend is the midsize utility segment, which is projected to see a slight uptick to the tune of 0.2 percent or $25, NADA UCG said.
Source: Auto Remarketing

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Toyota to Help Tow Space Shuttle; Plans to Film Ad Along Way

Toyota Motor Sales U.S.A. garners global attention with the announcement one of its pickup trucks will help tow the retired Space Shuttle Endeavour to its new home at the California Science Center, then diverts at least some of the media buzz to its own coverage of the historic haul.
Source: WardsAuto

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More Articles
 
Quotable
"Consumers whose vehicles have been in a crash and had their air bags replaced by a repair shop that is not part of a new car dealership within the past three years or who have purchased a replacement air bag online should contact the call center that has been established by their auto manufacturer to have their vehicle inspected at their own expense and their air bag replaced if necessary."

   
-- NHTSA, offering advice on phony air bags, The Wall Street Journal, Oct. 10

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NADA Chairman Bill Underriner will discuss the state of the retail-auto industry at the Automotive Press Association luncheon in Detroit on Tuesday, Oct. 23. Underriner will discuss opposition to stair-step incentive programs and the latest developments concerning factory-mandated dealership upgrade programs. A recent NADA facilities study found no evidence that facility improvements result in any sales gains, either short term or long term. It's a point of contention between some dealers and some manufacturers.


 


 

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