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Inside this issue
Chrysler Expanding U.S. Production
Sergio Marchionne Says He Wants to Run Chrysler, Fiat as One Company
GM Won't 'Cut and Run,' Akerson Tells Opel Staff
Ford Opens Pop-Up Stores in California to Fight Honda, Toyota
Fisker Plans Midwest Tech Center to Help Develop Second Hybrid
Save the Earth, Drive Your Car?
Hundreds of Classic Cars to Hit the Auction Block in Anaheim
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Chrysler Expanding U.S. Production

Chrysler Group LLC said [Thursday] it would invest about $240 million in three Michigan factories to boost pickup truck and engine production, the latest sign of the auto maker's rebound following its bankruptcy three years ago. The move will add a total of 1,250 jobs, including up to 250 workers at its Mack 1 engine plant in Detroit to add production of the 3.6-liter, Pentastar V6, an engine offered in a dozen different models. Chrysler is investing $198 million at the east side Detroit plant, which now builds 4.7-liter, V-8 engines for the Ram 1500 pickup.
Source: The Wall Street Journal

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Sergio Marchionne Says He Wants to Run Chrysler, Fiat as One Company

Chrysler and Fiat CEO Sergio Marchionne said [Thursday] that his long-term goal is for Fiat to acquire all of Chrysler in order to better manage the two companies as a single automaker. “I am running …one car company,” Marchionne said [Thursday] at a Chrysler engine plant in Detroit. “We are here to try and build value.” Fiat currently owns 58.5% of Chrysler. The remaining 41.5% is owned by the UAW Retiree Medical Benefits Trust. Fiat wants to buy an additional 3.3% of Chrysler's shares from the trust but is embroiled in a lawsuit over the value of those shares.
Source: Detroit Free Press

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GM Won't 'Cut and Run,' Akerson Tells Opel Staff

General Motors will neither sell its loss-making European unit Opel nor "simply close up shop and leave," CEO Dan Akerson told more than 5,000 staff in the brand's headquarters in Ruesselsheim [Thursday].
Source: Reuters

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Ford Opens Pop-Up Stores in California to Fight Honda, Toyota

In each quarter this year, Ford has used a vacant space for a “Go Further” shop for 30 days. People who come in can't buy anything, but they can take a look at a few Ford cars and participate in uniquely themed activities. Ford says they are trying to make a positive impression on locals, improving the image of the brand and getting people to look at their cars.
Source: The Wall Street Journal

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Fisker Plans Midwest Tech Center to Help Develop Second Hybrid

Fisker Automotive says it plans to open a tech center in the Midwest, possibly in Southeast Michigan, to aid development of the Atlantic, the hybrid automaker's second vehicle.
Source: Automotive News

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Save the Earth, Drive Your Car?

Mass transit in the Northeast was hit hard by Sandy. New Yorkers had to do without the subway, for example, but now the transit system has mostly recovered. It's a perfect time to be thankful for the extensive network of public transportation that exists in the city. In fact, it means that New Yorkers have one of the smallest per-capita carbon footprints in the U.S. But you're probably sensing a hidden side here, right? "Mass transit can be an incredible boon for the environment," says Eric Morris, a regular contributor to Freakonomics and a professor of urban planning at Clemson University. He told Freakonomics' Stephen Dubner: "It can also not help the environment or maybe even hurt the environment." The caveat here: it's hard to make an apples-to-apples comparison, since transportation is so complex. But here's Eric Morris's point: In terms of energy efficiency, mass transit is not the panacea that a lot of people would like to think. Yes, it works great in a dense urban area like New York, but Morris argues that we've already picked a lot of that low-hanging fruit, and that light-rail systems in places like Cleveland, Pittsburgh and Memphis actually do worse than cars in terms of energy efficiency, simply because they're underused.
Source: Marketplace

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Hundreds of Classic Cars to Hit the Auction Block in Anaheim

The red carpets are rolled out at the Anaheim Convention Center as more than 800 muscle cars, classic vehicles and hot rods cross the auction block during a three-day event. Mecum Auction Inc. will sell off millions of dollars worth of autos.
Source: The Los Angeles Times

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Quotable
"Today is another important milestone in living up to the commitment we made more than three and a half years ago to our employees, this city, this region and our country to transform this company."

   
--  Sergio Marchionne, chief executive for Chrysler and its parent, Fiat SpA, commenting on the automaker's plan to expand U.S. production, The Wall Street Journal, Nov. 15

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