View Mobile Version | View Web Version

SPONSORED BY
 
NADA.org
February 5, 2013 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Inside this issue
Toyota Lifts Annual Forecast on 23% Rise in Quarterly Profit
Bet on U.S. Pays Off for Germany's Carmakers
Turbocharged Cars' Gas Mileage May Be Lackluster After All
Mazda Set to Rebound, North America Chief Says
Super Bowl Auto Ads Fuel Praise, Criticism
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Toyota Lifts Annual Forecast on 23% Rise in Quarterly Profit

Strong U.S. sales, soft yen boost earnings

Helped by strong sales in the United States and a weaker yen, Toyota Motor Corp. reported a 23.4 percent year-on-year rise in quarterly net profit and raised its annual profit forecast by more than 10 percent. Toyota said net income for the year ending in March will probably reach a five-year high of 860 billion yen ($9.3 billion), exceeding the previous 780 billion yen forecast. The automaker raised its estimate for operating income by 9.5 percent and revenue by 2.3 percent.
Source: Automotive News

Related Story:

[back to top]

Bet on U.S. Pays Off for Germany's Carmakers

It was only a few years ago that some economists were arguing that Europe was “decoupling” from its long dependence on trade with the United States and predicting that the Continent's future lay with the so-called tiger economies of Asia. German carmakers, at least, had a different vision of the future. The recovery in the United States auto market, which produced big earnings growth at Chrysler and Ford in their fourth quarters, has also been a boon for Germany's big three — Daimler, BMW and Volkswagen. The double-digit increases in their American sales last year reflected an overall surge in demand by American buyers for European and, above all, German products. Well-designed vehicles and machinery, so coveted a Germany specialty that they can often fetch premium prices, were by far the biggest categories of European exports to the United States. As a result, overall German exports to America rose 24 percent in October from a year earlier, outpacing the 18 percent growth for euro zone exports to the United States.
Source: The New York Times

Related Story:

[back to top]

Turbocharged Cars' Gas Mileage May Be Lackluster After All

While electric vehicles continue to grab the green-car spotlight, an older technology has quietly emerged as a player in the fuel economy wars: turbocharging. Once the province of performance cars, turbochargers now power economy cars, family sedans and even full-sized trucks. Turbos now account for an estimated 13% of U.S. auto sales, according to Honeywell International Inc., a leading turbo supplier. That's double what it was in 2010. The increase is driven by ever-stricter federal fuel economy standards. But not everyone is sold on turbos. Toyota and Honda continue to avoid the technology. And critics including Consumer Reports question its efficiency and performance advantages. In a new report, the product testing organization found that most turbos failed to deliver on advertised fuel economy or to outperform non-turbo rivals with bigger engines.
Source: The Los Angeles Times

[back to top]

Mazda Set to Rebound, North America Chief Says

Mazda North America CEO Jim O'Sullivan is far more optimistic about the auto maker's future in the U.S. than he was last year when the brand was undergoing major restructuring and losing money. “Now we're heading the other way,” he tells WardsAuto at the recent North American International Auto Show. “We're growing, making money and launching a lot of product that we've been working on the last four years." Mazda's U.S. sales in 2012 climbed 10.6%, compared with prior-year, to 277,046 units, according to WardsAuto data. Mazda posted losses the prior four years but reported profits in the first six months of the 2013 fiscal year, which ends March 31.
Source: WardsAuto

[back to top]

Super Bowl Auto Ads Fuel Praise, Criticism

Chrysler TV spots commended; truck group rips Hyundai

The Super Bowl auto ads won praise and criticism from politicians, fellow automakers and industry groups. Transportation Secretary Ray LaHood praised Chrysler's two-minute Ram truck ad highlighting the role of farmers "because it really reflects what farmers represent to America and the kind of life that they live. It's a great ad. You had no idea throughout the ad what it was for until you get to the end," LaHood said in an interview Monday .... Overall, nine auto brands showed 12 commercials totaling 10 minutes, 45 seconds during the Super Bowl. Audi, Hyundai (twice), Toyota, Volkswagen, Lincoln (twice), Mercedes-Benz, Jeep, Ram and Kia (twice) ran ads that collectively cost about $90 million. That falls short of last year's automotive spending total, when 12 auto brands spent nearly $95 million on 16 spots spanning 131/2 minutes. The American Trucking Association didn't like a Hyundai Sonata turbo Super Bowl ad that featured several trucks on the road — including one hauling fireworks — and emphasizing the need to pass vehicles at times on the highway.
Source: The Detroit News

[back to top]

More Articles
 
Quotable
"You can't get timid. The minute you get timid is the moment your competitors overtake you."

   
-- Ford COO, Mark Fields, commenting on the competition between automakers for dominance in the pickup truck market, Bloomberg, Feb. 4
 

  

Videos

 Video: NADA President Peter Welch Discusses Priorities and Concerns Facing Dealers (NADA-TV)

 More Videos

Sponsored by AdvertisementAdvertisement

NADA Convention News
Chairman's Column
Let’s Ride the 'Momentum' into Orlando for the NADA Convention
Foundation News
New-Car Dealers Breathe Life into NADA Foundation's CPR Manikin Donation Program
Register Today for Auto Forum in NYC March 26
 
Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
NADA For more information on NADA, visit www.nada.org or contact NADA, 8400 Westpark Drive, McLean, VA 22102. This email may contain an advertisement of NADA products and services. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org .