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Inside this issue
Sandy Likely Biggest US Relief Effort Since 2005
Auto Industry Struggles With Sandy's Aftermath
Video: NADA Analyst on Flood Damaged Car Claims
Dealers: Take Suzuki Deal or Fight?
Mitsubishi Outlines New U.S. Comeback Plan
Mulally: Gadgets Bring Owners, Dealers Closer
Toyota Tests Cars that Communicate with Each Other
James Bond's Wild Rides: A 50-Year Retrospective
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Sandy Likely Biggest US Relief Effort Since 2005

Widespread destruction from Superstorm Sandy will likely make this the largest U.S. relief effort for the American Red Cross, Salvation Army and other groups since Hurricane Katrina's devastation in 2005. By Friday, the Red Cross had raised $117 million in donations and pledges for relief work across 10 states, the District of Columbia and Puerto Rico. The Salvation Army had raised $5 million online and by phone. Red Cross Senior Vice President Roger Lowe said it would likely be the charity's largest U.S. effort since Katrina, outpacing Hurricanes Ike and Gustav and wildfires in California. Salvation Army Major Darryl Leedom said the population density of the Northeast may require a response that surpasses Katrina in the number of people served and resources required.
Source: Associated Press

Editor's note: NADA is encouraging dealers who are looking for ways to help the victims of Hurricane Sandy to contribute to the Emergency Relief Fund of the National Automobile Dealers Association Charitable Foundation. The fund provides assistance to dealership employees affected by natural disasters. Click here to donate or apply for assistance.

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Auto Industry Struggles With Sandy's Aftermath

Thousands of vehicles were taken off the road — and thousands more new and used vehicles suffered massive damage from the storm

Hurricane Sandy's damage was widespread, and the auto industry may have felt it more acutely than many others. New and used vehicles were hit hard, and thousands of consumers may be in the market for new vehicles as a result of flooding or other kinds of storm-related damage.
Source: Associations Now

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Video: NADA Analyst on Flood Damaged Car Claims

National Automobile Dealers Association analyst Jonathan Banks discusses the state of claims over flood-damaged vehicles from Hurricane Sandy.
Source: Fox Business

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Dealers: Take Suzuki Deal or Fight?

Suzuki dealers face a decision: Give up their franchises in exchange for cash or fight the factory in bankruptcy court. American Suzuki Motor Corp. filed for Chapter 11 bankruptcy on Monday, Nov. 5, to wind down its U.S. automotive division. It seeks to reject the franchise agreements of its 220 U.S. auto dealers. American Suzuki is asking dealers to surrender their franchise agreements voluntarily in exchange for a cash settlement and new contracts to run Suzuki parts and service outlets. The question for dealers: Are the offers comparable to what they would have received under state franchise laws? A National Automobile Dealers Association official last week said Suzuki dealers should receive what they would be entitled to under franchise laws and advised them to consult attorneys. Dealers were receiving the offers late last week and were bound by confidentiality agreements.

Suzuki Motor Corp. plans to buy the motorcycle, ATV, marine engine and automotive service and parts operations out of bankruptcy for $95 million to form a new company, leaving the auto sales operation and current dealership agreements behind in the bankrupt estate of the current American Suzuki. The tactic concerns NADA, according to James Moors, the group's director of franchising and state law. "If Suzuki had chosen to exit the market and terminate the franchise agreements, it would have been subject to state franchise termination assistance provisions such as buying back vehicle inventory, parts, tools and rent on the dealership facility," Moors wrote in an e-mail. According to court documents describing the deal, Suzuki dealers must waive those rights in exchange for the settlement. "NADA would be concerned if Suzuki is attempting to use the bankruptcy process to avoid its obligations to its dealers," Moors wrote. "NADA is reviewing this proposal and believes that Suzuki dealers should not receive less than what they are entitled to under their franchise agreements and applicable state law."
Source: Automotive News

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Mitsubishi Outlines New U.S. Comeback Plan

Mitsubishi Motors Corp. has had a dismal year. Its U.S. lineup dropped four mainstay vehicles, U.S. sales have plunged 29 percent, market share has shriveled to 0.4 percent from 0.7 percent and it is tied with Fiat for the industry's most unsold inventory at a 133-day supply as of Nov. 1. Moreover, its i electric vehicle, envisioned as a halo car to tout Mitsubishi's advanced technology, is a flop. But President Osamu Masuko isn't discouraged. He has a U.S. comeback plan that aims to boost sales 45 percent to 80,000 units in the next fiscal year, from a projected 55,000 in the one ending March 31.
Source: Automotive News

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Mulally: Gadgets Bring Owners, Dealers Closer

Ford Motor Co. is battling problems with new technologies, as shown by consumer complaints about the MyFord Touch controls system. But CEO Alan Mulally is adamant that Ford will continue to be a technology leader. Mulally admits that Ford may have relied too much on touch-screen controls and underestimated the growing sophistication of an alternative: voice controls. But he strongly defends embracing advanced electronics that enable customers to remain connected in their vehicles. He says as cars become more like consumers' electronic devices, car owners will build closer ties to their dealers.
Source: Automotive News

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Toyota Tests Cars that Communicate with Each Other

Toyota Motor Corp. is testing car safety systems that allow vehicles to communicate with each other and with the roads they are on in a just completed facility in Japan the size of three baseball stadiums. The cars at the Intelligent Transport System site receive information from sensors and transmitters installed on the streets to minimize the risk of accidents in situations such as missing a red traffic light, cars advancing from blind spots and pedestrians crossing the street. The system also tests cars that transmit such information to each other.
Source: Associated Press

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James Bond's Wild Rides: A 50-Year Retrospective

As the latest installment in the James Bond spy series gets ready to celebrate its 50th anniversary with today’s nationwide opening of the latest film, “Skyfall,” a look back reveals that some things never change. When 007 is on the prowl, you know there’ll be a worthy villain, some trick gadgets, plenty of babes, booze and, of course, an assortment of hot cars.
Source: MSNBC

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NADA Foundation Mobilizes Relief Fund to Assist Victims of Hurricane Sandy





Quotable

"It's going to be a long, long term of recovery."

   
-- Major Evan Hickman, who is leading the Salvation Army's New York-area relief effort, commenting on the need for people to continue donating to the Hurricane Sandy relief effort, Associated Press, Nov. 10

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