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Inside this issue
Sign of a Comeback: U.S. Carmakers Are Hiring
Obama to Press Abe on Opening Japan to U.S. Automakers
Upcoming Auto Forum in NYC to Highlight ‘Wall Street’s View of the Industry’
Are We Becoming A Society of Fuel-Economy Whiners?
Opinion: Why Elon Musk is Hurting the Electric Car Debate
One of World's Most Efficient Vehicles Unable to Enter U.S.
How GM Makes $1 Billion A Year By Recycling Waste
What If They Gave Oscars To The Best Car Movies?
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Sign of a Comeback: U.S. Carmakers Are Hiring

A few years ago, American automakers cut tens of thousands of jobs and shut dozens of factories simply to survive. But since the recession ended and General Motors and Chrysler began to recover with the help of hefty government bailouts and bankruptcy filings, all three Detroit car companies including Ford Motor Company have achieved one of the unlikeliest comebacks among industries devastated during the financial crisis. Now steadily rising auto sales and two-tier wage concessions from labor have spurred a wave of new manufacturing investments and hiring by the three Detroit automakers in the United States.
Source: The New York Times

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Obama to Press Abe on Opening Japan to U.S. Automakers

President Barack Obama won't back off demands that Japan ease barriers for U.S. automakers before joining negotiations for a regional Pacific trade agreement when he meets with Japanese Prime Minister Shinzo Abe, White House aides said. A more open market for companies such as Ford Motor Co. General Motors Co. and Chrysler Group LLC remains “an important pre-condition” to Japan's potential entry into a proposed trade pact known as the Trans-Pacific Partnership, said Mike Froman, Obama's deputy national security adviser for international economic affairs. The partnership “is intended to be a comprehensive, ambitious, high-standard, 21st-century trade agreement,” Froman said on a conference call with reporters. “And anybody who joins TPP would be expected to sign on to that goal.”
Source: Bloomberg

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Upcoming Auto Forum in NYC to Highlight ‘Wall Street’s View of the Industry’

Advance registration, which includes a $100 discount, ends today

Thought leaders from across all sectors of the auto industry will convene next month for a one-day conference in New York City to discuss how manufacturing, retailing and supplying as well as shifting economic and political factors will shape the future of the industry. Auto Forum 2013, sponsored by NADA and J.D. Power and Associates, will include keynote remarks and several panel sessions, including “Wall Street’s View of the Industry,” moderated by auto consultant Maryann Keller with panelists Itay Michaeli, vice president of Citi Investment Research and Analysis; Adam Jonas, managing director of Morgan Stanley; and Colin Langan, director, general industrials group of UBS Investment Research. The forum, hosted by the New York International Auto Show, will be held at the Grand Hyatt on Tuesday, March 26. Other keynote speakers include NADA Chairman David Westcott; Finbar O’Neill, president of J.D. Power & Associates; Neale Kuperman, chairman of the Greater New York Automobile Dealers Association; Nariman Behravesh, IHS chief economist; Chip Perry, CEO/president of AutoTrader.com; auto consultant Glenn Mercer; and others. The early-bird registration discount of $100 ends today. Attendees will also receive complimentary credentials to attend Press Days at the auto show on March 27-28. To register or view the full agenda, visit www.AutoForumNY.com.
Source: NADAFrontPage.com

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Are We Becoming A Society of Fuel-Economy Whiners?

Fuel economy has become a sore spot lately as indicated by lawsuits alleging inflated mileage estimates for certain hybrid cars and more general complaints about vehicles not coming come close in real-world driving to the fuel-economy figures printed on their window stickers. Hyundai Motor Co. recently admitted to inflating fuel economy figures for some vehicles. The Ford Fusion and C-Max hybrids are at the center of the storm, with many reviewers including Consumer Reports magazine recently saying the vehicles fell far short of the company's 47 mpg claim. The Environmental Protection Agency said it is investigating the Ford figures while the company said its fuel economy estimates are accurate. Ford also said some people might have to modify their driving styles to get similar results.
Source: The Wall Street Journal

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Opinion: Why Elon Musk is Hurting the Electric Car Debate
By Clifford Atiyeh

As Tesla takes on The New York Times, its CEO could be leading a respectable discussion on battery technology. Instead, he's fueling an unnecessary fire

Few test drives turn into overnight sagas like the drawn-out battle that is Tesla versus The New York Times. On one hand, Tesla CEO Elon Musk has enough line graphs printed from his car's onboard data box to feed a horde of lawyers, while reporter John Broder has a few “casual and imprecise notes.” But this spat is not simply a war of words, nor is the relevance of a major media outlet in question, as Road and Track so eloquently detailed. At stake is the perceived quality and reliability of a new product.
Source: MSN Autos

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One of World's Most Efficient Vehicles Unable to Enter U.S.

One of the world's most efficient vehicles and an X Prize winner has been unable to enter the United States since Jan. 25, held up at the Port of Los Angeles at the city's international airport by the Environmental Protection Agency, United States Customs and the Transportation Department, people associated with the vehicle said on Thursday. The regulations holding up the release of the vehicle are complex, but essentially the vehicle doesn't comply with government rules. An official for the Environmental Protection Agency could not be reached for comment. The vehicle, the Peraves MonoTracer MTE-150, is a 1,200-pound 200-horsepower battery-powered enclosed cabin motorcycle, capable of a top speed of 150 miles per hour and 0-60 m.p.h. acceleration of less than four seconds.
Source: The New York Times

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How GM Makes $1 Billion A Year By Recycling Waste

If one man's trash is another man's treasure, General Motors has the revenue to prove it. The automaker generates an eye-popping $1 billion a year reusing or recycling materials that would otherwise be thrown away — everything from scrap steel and paint sludge to cardboard boxes and worn-out tires. It's an unexpected but welcome revenue stream that comes from rethinking its approach to waste reduction.
Source: Forbes

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What If They Gave Oscars To The Best Car Movies?

The history of the automobile and motion pictures are inexorably intertwined, with the first car-centric movie – Runaway Match – dating back to 1903, and early Hollywood showing both fascination with and affection for the so-called horseless carriage. Mack Sennett's Keystone Cops' popularized the car chase when they hit the screen running in 1912, while Laurel and Hardy were among the first to consider the unnerving effects of traffic jams in 1928's Two Tars (with the boys gradually dismantling a line of cars in festering acts of frustration with their ill-tempered motorists). Since then, some of Hollywood's most memorable moments have taken place behind the wheel, from mobsters hanging from running boards with Tommy guns blazing throughout the 1930's, to hot-rodding juvenile delinquents terrorizing innocent citizens in 1950's pulp cinema and undercover detectives pursuing mob bosses and drug dealers in harrowing car chases through crowded city streets in the 1960's and 70's. Still, the cars themselves remain un-credited co-stars, and the Academy has yet to recognize “Best Car Chase” or “Best Automobile in a Supporting Role” as an Oscar-winning category.
Source: Forbes

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Quotable
"Now our North American business is very competitive with the best in the world."

    -- Joseph R. Hinrichs, the head of Ford's Americas region, commenting on the recovery of American automakers, The New York Times, Feb. 21


  

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