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Inside this issue
NADA Picks California Dealer Advocate Welch as New President
Auto Execs Discount Overcapacity, Eye New Global Investments
Survey Says Carmakers' Futures Ride on Gas Engine
CEO Akerson Sets Goals for a Revitalized GM
Chrysler's Jeep Brand Sold 701,626 SUVs Globally in 2012, its Best Year Ever
Chevrolet's 'New Roads' Ad Aims to Put Zest in Driving
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
NADA Picks California Dealer Advocate Welch as New President

The new president of the National Automobile Dealers Association will be Peter Welch, 59, who as head of California's dealer group led a legal fight against Chrysler Group's factory-owned dealership in Los Angeles. NADA's board of directors unanimously approved the pick [Tuesday] during a meeting in Dallas, ending a five-month search, a top official told Automotive News.
Source: Automotive News

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Auto Execs Discount Overcapacity, Eye New Global Investments

A growing number of global auto executives say they are planning to increase investments in factories and distribution networks as their fears of widespread overcapacity wanes. A survey released by the financial advisory firm KPMG LLP finds that auto executives are becoming more bullish about the market despite economic worries in Europe and a perceived slowdown in growth in China. The survey finds that 64 percent of automotive executives from around the world now plan on increasing plant investments in the coming five years. That's up from 55 percent of the executives questioned by KPMG one year ago. Underscoring the executives' optimism is a recent study from IHS Automotive that predicted global auto sales will surge 27 percent to 100 million vehicles in five years. Global sales are expected to top 80 million for 2012 -- the first time the industry has topped that threshold, LMC Automotive predicted last month.
Source: Automotive News

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Survey Says Carmakers' Futures Ride on Gas Engine

Electric vehicles may be attracting buzz, especially here in the United States, where sales of electric vehicles tripled in 2012. But automakers remain tepid about future EV sales, according to a new study. U.S. audit, tax and advisory company KPMG surveyed auto executives and found that electric vehicles won't comprise more than 15 percent of all global new-vehicle sales for at least a dozen more years, and that automakers plan to invest heavily in improving the internal combustion engine.
Source: The Detroit News

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CEO Akerson Sets Goals for a Revitalized GM

This is the year the world finds out whether General Motors Co. truly has been reborn. Its court-restructuring is receding in the rearview mirror, the easy profits from deep cuts in people, factories and a clean debt slate are giving way to a new set of challenges—an unevenly expanding industry with powerful rivals. GM now must show it has reconnected with American consumers who are the auto industry's greatest hope for steady gains this year. And it must show its better relations with workers can last through good times as well as bad.
Source: The Wall Street Journal

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Chrysler's Jeep Brand Sold 701,626 SUVs Globally in 2012, its Best Year Ever

Chrysler's Jeep brand sold 701,626 SUVs globally in 2012, its best year ever, exceeding the prior record of 675,494 set in 1999. "For me, it was just a combination of all of the actions we have taken over the last three years," said Mike Manley, Jeep president and CEO. "I think really the momentum built up from the start of the Grand Cherokee launch in 2010." Overall, Jeep sold 161,629 SUVs overseas in 2012, a 49% increase from 2011. In Asia, Jeep's biggest market outside the U.S., it sold 73,697 SUVs in 2012.
Source: Detroit Free Press

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Chevrolet's 'New Roads' Ad Aims to Put Zest in Driving

General Motors Co. is preparing to roll out a new advertising campaign for its Chevrolet division in hopes of improving the brand's image globally and halting its market-share slide in the U.S. The global campaign—a first for Chevrolet—will use the tagline "Find New Roads," GM executives said. It will replace the lackluster "Chevy Runs Deep" slogan in the U.S. starting in February before it is rolled out elsewhere during the year.
Source: The Wall Street Journal

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Quotable
"He [Peter Welch] has an impressive track record in California, where every day he faced some of the toughest regulatory and legislative issues in the industry. He's a car guy who comes highly recommended not just from people in California but also across the nation."

   
-- NADA Chairman Bill Underriner, commenting on the new NADA President, Automotive News, Jan. 8
 


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