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Inside this issue
Hyundai and Kia Set Aside Combined $412 Million to Compensate N.A. Customers
Sergio Promises Updated Chrysler Product Plan Next Week
VW Making New-Generation U.S. Golfs in Mexico For 2014
The Greenest and Meanest Cars in 2013
Harold Wells, NADA Leader Who Challenged Factory-Owned Stores, Dies at 81
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Hyundai and Kia Set Aside Combined $412 Million to Compensate N.A. Customers

Kia Motors has set aside provisions of about 200 billion Korean won ($187.13 million) to compensate drivers in North America for its overstated fuel-economy claims, Joo Woo-jeong, a director at the automaker, said today. Hyundai Motor and its affiliate Kia Motors conceded early November that they overstated the fuel economy on more than 1 million recently sold vehicles in the United States and Canada, and agreed to compensate owners for the additional fuel costs. Hyundai said on Thursday it has earmarked 240 billion won ($225 million) to cover the compensation costs, bringing the total costs for the affiliated automakers so far to more than $412 million.
Source: Bloomberg & Reuters

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Sergio Promises Updated Chrysler Product Plan Next Week

Sergio Marchionne said he will update the five-year product plan that the automaker laid out in November 2009 when Chrysler Group announces its earnings Wednesday. Speaking to Automotive News last week during the Detroit auto show, the Chrysler-Fiat CEO said that enough changes have been made to the original product roadmap to warrant a redraft.
Source: Automotive News

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VW Making New-Generation U.S. Golfs in Mexico For 2014

Bigger, lighter VW Golf G7 made in Mexico for U.S. starting in 2014

Volkswagen says it will begin producing the Golf subcompact for North and South American markets in an updated Puebla, Mexico, factory early next year. That means U.S. buyers can expect the seventh-generation Golf, sometimes called G7, the first half of 2014, or more than a year after other countries have the car. The newest version of Golf, VW's largest-selling car worldwide, was unveiled at the Paris Motor Show last September and already is on sale in some markets.
Source: USA Today

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The Greenest and Meanest Cars in 2013

The American Council for an Energy-Efficient Economy has produced an annual list of the “greenest” and “meanest” vehicles for 15 years. Its 2013 Greenest winner is the downsized Toyota Prius C. The council gives cars and trucks a green score derived from Environmental Protection Agency fuel economy and emissions data. The Prius C's score of 58 (with fuel economy at 53 city/46 highway) just topped the 57 rating of the battery electric Honda Fit EV. The Fit was among two low-volume electric cars that made the Greenest list. The other was the Ford Focus Electric. Critics have called low-volume battery electrics “compliance cars,” built in relatively low numbers mainly to satisfy California's zero-emission mandates.
Source: The New York Times

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Harold Wells, NADA Leader Who Challenged Factory-Owned Stores, Dies at 81

Harold Boney Wells, a leader in the 1999 auto dealer revolt against factory-owned stores, died Wednesday at Waltonwood Assisted Living in Cary, N.C. He was 81. Wells was the incoming chairman at the 2000 NADA convention, when GM CEO Jack Smith appeared to say he was scrapping the automaker's factory-store program. But beyond [a 50-year career in] auto retailing, Wells was also active in business, education and community organizations.
Source: Automotive News

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Quotable
"Intuitive, intelligent and compassionate, that was Harold. He did a great job as [NADA] chairman and was loved by other dealers. A great loss."

   
-- David Westcott, a Burlington, N.C., dealer who will become NADA chairman next month, commenting on Harold Wells, Automotive News, Jan. 24
 

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