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Inside this issue
Lincoln's New Structure, Ads Take Shape
The Federal Reserve and CFPB Announce Jan. 1 Increase in TILA and Consumer Leasing Act Thresholds
Nissan Upgrades Leaf Electric Car, Lowers Price
California Spurs Electric Cars
China Car Market to Grow 8% on Small-City Demand, McKinsey Says
Maine Dealer Gets Help From Neighbors, Strangers After Fire
Ford, Newman's Own Donate Refrigerated F-550 to Food Bank
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Lincoln's New Structure, Ads Take Shape

At a Lincoln dealer meeting in Las Vegas this month, Ford Motor Co. top brass addressed nearly 1,000 dealers and sales managers, introduced the luxury brand's new management lineup and showed a brand-positioning video that delineated what Lincoln wants to be and what customers it wants to attract. The meeting's bottom line: The newly christened "Lincoln Motor Co." will be a separate unit with new management and a clear mission as it prepares for the market launch of the redesigned 2013 MKZ sedan next month.
Source: Automotive News

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The Federal Reserve and CFPB Announce Jan. 1 Increase in TILA and Consumer Leasing Act Thresholds

The Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB) announced that the dollar thresholds in Regulation Z (Truth in Lending Act) and Regulation M (Consumer Leasing Act) for exempt consumer credit and lease transactions will increase to $53,000 beginning Jan. 1, 2013. This means that beginning Jan. 1, 2013, consumer credit transactions and consumer leases at or below $53,000 are subject to the protections of the regulations. These increases are consistent with the Dodd-Frank Act amendments to the Truth in Lending Act and the Consumer Leasing Act to adjust these thresholds annually by the annual percentage increase in the Consumer Price Index.
Source: NADA Regulatory Affairs

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Nissan Upgrades Leaf Electric Car, Lowers Price

The upgraded Nissan Motor Co. Leaf electric car can travel further without recharging, comes in a cheaper model and tells drivers how much battery life is left. The changes in the revamped model, shown Tuesday at a Tokyo hotel, were based on feedback from owners whose chief worry was running out of electric juice while driving, Nissan officials said.
Source: Detroit Free Press

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California Spurs Electric Cars

California requirement prompts auto makers to build, sell zero emissions vehicles that few customers seem to want

Chrysler Group LLC next week plans to unveil an unusual automobile — an electric car that doesn't stand a chance soon of turning a profit and is unlikely to draw many customers. So why is the company making it? It has to. California requires it.
Source: The Wall Street Journal

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China Car Market to Grow 8% on Small-City Demand, McKinsey Says

China's passenger-vehicle sales will expand by an average 8 percent a year to reach 22 million in 2020, driven by demand for SUVs and rising incomes in smaller cities, according to McKinsey & Co. SUV sales will triple in the 10 years from 2011 for the fastest growth among the vehicle segments, as Chinese consumers become wealthier and buy bigger vehicles, according to a report released today by McKinsey. General Motors Co., Ford Motor Co. and Volkswagen AG are adding capacity and introducing a wider range of models in China to cater to the world's biggest pool of first-time buyers.
Source: Bloomberg

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Maine Dealer Gets Help From Neighbors, Strangers After Fire

Wednesday, Oct. 3, started out like any other morning at Valley Auto in Fort Kent, Maine. Dealer Carl Theriault talked to customers in his showroom as business buzzed around him. Then, around 8:30, Theriault heard someone in his parts department yell: "Fire! Fire!" "It was in the attic," he recalls. "I could see the flames were 10- to 12-feet tall, so I knew a fire extinguisher couldn't put that out." Theriault watched his Chevrolet, Buick and GMC store burn to the ground. An electrical problem sparked the blaze. For 14 years, he had built the business, which sold about 300 new and used vehicles a year and employed 20.
Source: Automotive News

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Ford, Newman's Own Donate Refrigerated F-550 to Food Bank

Ford Motor Co. and Newman's Own Inc. on Monday donated a refrigerated F-550 truck to Gleaners Community Food Bank of Southeastern Michigan, one of four new trucks the automaker and food company will donate this year. Ford and Newman's have partnered to give away 107 Ford trucks and vans to Feeding America food banks in all 50 states during the past 12 years. The tradition started when Newman's founder Paul Newman penned a letter to friend and Ford executive chairman Bill Ford Jr. asking if Ford would want to team up to combat hunger across America.
Source: The Detroit News

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More Articles
 
Quotable
"You never declare success in this kind of endeavor. You just keep fighting."

   
--  Bill Ford Jr., Ford executive chairmain, said of the automaker joining with Newman's Own Inc. to combat hunger across America, The Detroit News, Nov. 20

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