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Inside this issue
Governor Signs NH Auto Dealers Bill
Chevy Move Shows CEO’s Jabs to Get GM Into Fighting Shape
NC Legislators Drop Bid to Curb Tesla Sales
Nissan CEO Promises Growth, Calls Pay Average
Minivan Market Not Dead Yet, Chrysler Says
Ally Financial Presents Grants in Honor of TIME Dealer of the Year Finalist
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Governor Signs NH Auto Dealers Bill

Gov. Maggie Hassan signed legislation Tuesday giving New Hampshire auto dealers strong new protections in their dealings with their manufacturers. Hassan signed the Dealer Bill of Rights law at a Statehouse ceremony. The bill, which takes effect in 90 days, will limit mandatory facility upgrades to every 15 years. Dealers had complained they currently have no leverage in agreements they sign with manufacturers and have said manufacturers can require them to pay for costly and unnecessary renovations. "This updated law provides a more level playing field between national manufacturers and the men and women of New Hampshire who work so hard in our vehicle and equipment sales industry," said Hassan. "Local control is a hallmark of New Hampshire, and this law will bring an end to unfair practices in the industry." The bill also includes a provision ending mandates by manufacturers to use out-of-state products and contractors to do showroom upgrades and ensures proper reimbursement for warranty work done by local dealers. The bill also covers farm and construction equipment dealers.
Source: Associated Press
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Chevy Move Shows CEO’s Jabs to Get GM Into Fighting Shape

... General Motors Co. chief executive officer, Dan Akerson, a former boxer, has avoided a hallmark of old GM: Trying to solve problems with a knockout punch. [But] he displayed his style of relentless jabs by promoting Alan Batey to lead the Chevrolet brand globally. [Tuesday's] announcement that Batey, the U.S. sales chief, is moving into a new post is just Akerson's latest tweak to GM since becoming CEO in 2010. Along with the creation of a similar role to reposition Cadillac as a global brand and management changes to the top levels of product development, manufacturing and information technology, GM looks quite different than when he took over.
Source: Bloomberg

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NC Legislators Drop Bid to Curb Tesla Sales

Without mentioning the California carmaker by name, a House committee pulled the plug Tuesday on a campaign by the state's automobile dealers to block sales in North Carolina of the electric-powered Tesla. Tesla Motors bypasses auto dealers to sell its high-priced plug-in cars – a $109,000 roadster and a $62,000 sedan – directly to consumers, by telephone and online. With fewer than 100 buyers so far in the state, the company says its product is not a good fit with the mass-market franchise dealer system. A bill that won unanimous Senate approval in May would make Tesla's business model illegal, requiring the company to sell through franchised dealers. It was part of a legislative package updating state regulations for how dealers operate, and what goods and services they buy and sell. Robert Glaser, president of the N.C. Automobile Dealers Association, said in May that the anti-Tesla provision was intended to protect consumers.

But House leaders were cool to the proposal, which came to light just as Tesla was reporting quarterly profits and earning rave reviews for its Model S sedan – the Motor Trend magazine Car of the Year. Sen. Bill Rabon, a Southport Republican, asked the House Transportation Committee to approve a new version of the franchise dealer regulations with the anti-Tesla provisions stripped out. They were offered in a rewrite of an unrelated bill. Rabon and committee members avoided saying anything about Tesla or the concerns of the car dealers, a group with many friends in the legislature. After Rep. Nelson Dollar, a Cary Republican, sought Rabon's assurance that “there's no one opposed” to the new bill, the committee quickly approved it on a voice vote. In response to a question after the meeting, Rabon confirmed that the anti-Tesla proposal was dead. “No, we're not going to bring that back,” Rabon said.
Source: News Observer
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Nissan CEO Promises Growth, Calls Pay Average

Nissan Chief Executive Carlos Ghosn promised strong sales growth to shareholders Tuesday in a turnaround from natural disasters and a boycott in China set off by a territorial dispute. Like other Japanese automakers, Nissan's production was devastated by the March 2011 tsunami in northeastern Japan and floods in Thailand later in the year. Thailand is an important Southeast Asian production hub for Japanese and U.S. automakers. Last year, Nissan and other Japanese automakers were hit by riots and a sales boycott in China, a key growth market for the industry, as anti-Japanese sentiment erupted over disputed tiny islands called Senkaku in Japan and Diaoyu in China. But Nissan Motor Co. has been on a roll recently, growing particularly fast in emerging markets such as Thailand, Brazil and Indonesia.
Source: Associated Press
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Minivan Market Not Dead Yet, Chrysler Says

Chrysler is keeping close to the vest which brand will get its next-generation minivan, but a decision has been made, says the auto maker’s minivan vehicle-line executive. CEO Sergio Marchionne has said either the Dodge Grand Caravan or Chrysler Town & Country will be axed. There has been no formal announcement of the decision or indication of when plans will be revealed. But questions over the future of the Grand Caravan have been raised, as the Dodge brand is set to lose several models over the next few years, according to a WardsAuto/Automotive Compass production forecast. Regardless of which marque gets the model, there still is a market for minivan buyers .... Sales are far from peak levels, but the auto maker believes there remains a significant base of buyers who seek the functionality of a minivan.
Source: WardsAuto
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Ally Financial Presents Grants in Honor of TIME Dealer of the Year Finalist

Ally Financial executives recently joined in a celebration of one New York auto dealer. They were honoring a finalist for the 2013 TIME Dealer of the Year awards, Don Carbone of Carbone Auto Group in Utica, and presented charitable grants to support his efforts in this central New York community. A $5,000 grant on Carbone's behalf was made by Ally to The Community Foundation of Herkimer & Oneida Counties, an organization that funds local schools, health agencies, arts venues, libraries and other nonprofit organizations. The grant will contribute to The Community Foundation's 25/25 goal, which seeks to help 25 percent of its community members earn a bachelor's degree by the year 2025. Carbone was chosen as one of four finalists for the 2013 TIME Dealer of the Year award from among 57 U.S. dealers recognized for community involvement and business performance. Ally donated $10,000 to the winner's charity of choice, $5,000 to community causes chosen by each of the three finalists, and $1,000 on behalf of each of the 57 dealer nominees. Nominees for the 2014 TIME Dealer of the Year award will be announced in October; the winner will be named at the NADA Convention and Expo in New Orleans in January 2014.
Source: Auto Remarketing
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Quotable
"When we [GM] first came out of bankruptcy, we were playing a lot of defense. Now, we're playing offense."

     --- GM CEO Dan Akerson, commenting on the automaker's significant growth, Bloomberg, June 26


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