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Inside this issue
Last Chance to Register for Today's Free Webinar: Insights from the Dealership Workforce Study
Fiat Says It Has Enough Cash to Buy Remainder of Chrysler
Gap Between Europe's Auto Makers Widens
Toyota Denies Report That Ford Focus Topped 2012 Sales
GM to Invest 4 Billion Euro in Opel Through 2016
GM Retests Facebook Waters
Stop Daydreaming and Focus on Driving!
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Last Chance to Register for Today's Free Webinar: Insights from the Dealership Workforce Study

The NADA Dealership Workforce Study is proving to be an indispensable resource to help dealers manage their workforce more effectively in a competitive marketplace. The "Insights from the Dealership Workforce Study" webinar will give participants a taste of the 2012 report findings, which include how pay plans, benefits, work schedules, paid time-off and employee engagement impact productivity and total gross profit of your dealership. Join NADA University and presenter Ted Kraybill of DeltaTrends at 1 p.m. EDT, today, April 10, to learn how participating in the 2013 report will help your dealership profitability by fine-tuning compensation and benefit strategies, and implementing new strategies for improving employee retention and productivity. Click here to register.
Source: NADA University

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Fiat Says It Has Enough Cash to Buy Remainder of Chrysler

Fiat SpA, the Italian carmaker that controls Chrysler Group LLC, said it has enough resources already to buy the remaining stake in the unit from an employee group, and won't sell new shares to finance a transaction. Fiat would consider disposing of some assets to control debt in the event the carmaker acquires full ownership of Chrysler from the United Auto Workers retiree health-care fund, or VEBA, Chief Executive Officer Sergio Marchionne said at the annual shareholders' meeting in the company's hometown of Turin.
Source: Bloomberg

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Gap Between Europe's Auto Makers Widens

The gulf between Europe's luxury auto makers and its struggling mass-market manufacturers shackled to the region's weak economy looks to set to widen. Italy's Fiat SpA Tuesday warned that the European auto market might shrink more than expected this year as soaring unemployment, tax increases and general economic uncertainty across much of Europe continue to erode demand for new cars. In contrast, sustained sales gains in North America, China and other markets such as Russia and Brazil is keeping orders flowing for Europe's premium auto makers. Germany's BMW and Audi posted record sales last month on strong demand from customers in the U.S. and China, in particular.
Source: The Wall Street Journal

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Toyota Denies Report That Ford Focus Topped 2012 Sales

Toyota Motor Corp said on Wednesday its Corolla was the world's top selling car of 2012, contradicting rival Ford which claimed top spot for its Focus model. Ford said on Tuesday it sold 1.02 million Focus compact cars last year, citing data from automotive consulting firm Polk. It did not detail Corolla sales in a press release on its website, but various media reports have cited the U.S. carmaker as saying Toyota sold 872,774 Corollas last year. Toyota's Tokyo-based spokesman Ryo Sakai said the Japanese carmaker sold 1.16 million Corollas in 2012 and that "Toyota still sees the Corolla as the world's most popular car".
Source: Reuters

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GM to Invest 4 Billion Euro in Opel Through 2016

General Motors pledged to invest 4 billion euros ($5.2 billion) in Opel by the end of 2016 to support new model launches, renewing its commitment to its loss-making European brand. "As a global automotive company, GM needs a strong presence in Europe - both in design and development as in manufacturing and sales," GM Chief Executive Dan Akerson told reporters at Opel's headquarters. "Opel is key to our success and enjoys the full support of its parent company," he added.
Source: Reuters

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GM Retests Facebook Waters

General Motors Co. is again friends with Facebook. Nearly a year after it ceased paid advertising on the social media site, the automaker said Tuesday it's back. GM has launched a pilot, mobile-only advertising effort with Facebook focused on the subcompact Chevy Sonic. The move follows the May 2012 announcement by then-Global Chief Marketing Officer Joel Ewanick that GM was cutting paid advertising on Facebook. GM said the Facebook ads were ineffective; Ewanick later said researchers found them too distracting to users. "Chevrolet is testing a number of mobile advertising solutions, including Facebook, as part of its 'Find New Roads' campaign," Chris Perry, vice president of U.S. marketing for the Chevrolet brand, said in a statement Tuesday. "Chevrolet is launching an industry-first 'mobile-only' pilot campaign for the Chevrolet Sonic that utilizes newly available targeting and measurement capabilities on Facebook."
Source: The Detroit News

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Stop Daydreaming and Focus on Driving!

Keep your mind on the road and your hands upon the wheel. At least, that's the warning we should heed from a new study about what causes many traffic fatalities: daydreaming. Apparently, you are five times more likely to be involved in a fatal crash because you were “lost in thought” than if you were distracted by the use of some electronic device, according to new research by the Erie Insurance Group. The study focused on the 65,000 fatal accidents that occurred in the U.S. over the last two years, identifying 10 percent as the result of some form of distracted driving – in line with federal and other insurance industry estimates. But what the research found next came as a big surprise. It identified 62 percent of the crashes as the result of simply being “lost in thought.” That might mean failing to recognize a dangerous curve in the road, running into the back of another vehicle, surging through a red light or some other driver error. By comparison, only 12 percent of fatal accidents covered by the data were blamed on some form of mobile phone use.
Source: MSNBC

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Quotable
"The automobile industry is developing into a two-class society. While some companies are achieving record earnings, others are lurching along on flat tires."

   
-- Peter Fuss, a partner at GSA Ernst & Young, commenting on the growing sales gap between Europe's luxury and mass-market auto manufacturers, The Wall Street Journal, April 9
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NADA University
MarketINSIGHT Webinars

(All webinars begin at 1 p.m. EDT, unless noted otherwise. Click webinar title to register.)

- April 10: Insights from the Dealership Workforce Study

- April 17: Do You Know Today’s Customer?

- April 17: Tips for Submitting a Great Workshop Proposal (2 p.m.)

- April 24: Success in a Changing Loyalty Landscape

- May 1: Prospect Your Way to Greatness

- May 8: Facilities Study Results You Need to Know

- May 15: Twenty-two Minutes to Driving Traffic!

- May 22: Multiply & Conquer With Multichannel Marketing

- May 29: Create a Task-Based Accounting Office

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