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Inside this issue
The Honorable Hillary Rodham Clinton to Keynote NADA Convention in New Orleans
Market Beat: June's Light-Vehicle Sales Rate Is Highest Since November 2007
GM Aims to Break Even in Europe By Mid-Decade Despite Losses, CFO Says
Marchionne Puts New Model Investments on Hold in Italy After Court Ruling
Efficient Cars: Emerging Clean Diesels May Give Electric Vehicles A Jolt
California New Car Dealers Choose NADART as Preferred Retirement Plan Provider
Car Hacking: A New Threat Emerges
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
The Honorable Hillary Rodham Clinton to Keynote NADA Convention in New Orleans

Online registration and housing opens July 22 with discounted rates

Adding to the list of distinguished keynote speakers over the past several years, Former Secretary of State Hillary Rodham Clinton will address the NADA Convention & Expo in New Orleans next January. Clinton served as the 67th U.S. Secretary of State from 2009-2013 after nearly four decades in public service as an advocate, attorney, First Lady and U.S. Senator. She will deliver keynote remarks on the closing day of the 2014 NADA Convention & Expo on Monday, Jan. 27. Other convention speakers include Steve Forbes, chairman and editor-in-chief of Forbes Media, and NADA Chairman David Westcott, a new-car dealer in Burlington, N.C., who will deliver remarks on Saturday, Jan. 25. Army veteran J.R. Martinez, who was injured by a roadside bomb while deployed in Iraq and later won ABC's “Dancing with the Stars” (13th season), will provide an inspirational address on Sunday, Jan. 26. The ATD Convention and Expo runs concurrently with NADA's four-day convention. Online registration and housing opens July 22. Dealers and their managers who register by Sept. 13 will receive a $100 discount off the onsite registration rate. For more information or to register, visit www.nadaconvention.org.
Source: NADAFrontPage.com
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Market Beat: June's Light-Vehicle Sales Rate Is Highest Since November 2007

The U.S. automobile industry sold 1.4 million light vehicles in June 2013, which is down 2.7 percent from May 2013 but up 9.1 percent from June 2012 according to the June edition of Market Beat, a monthly light vehicle sales report produced by the NADA Industry Analysis team. The report also provides of breakdown of sales by brand, segment, power source and model. To view the full report, click here.
Source: WardsAuto/NADA Industry Affairs
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GM Aims to Break Even in Europe By Mid-Decade Despite Losses, CFO Says

General Motors is making progress on its plan to slash costs in Europe, while also seeking to capitalize on new products there, a top executive said. Daniel Ammann, GM's chief financial officer, told the Detroit Free Press Tuesday that the automaker still believes it can break even in Europe by mid-decade, which would end a losing streak that dates back to the last century. Good news in North America, where GM is launching its 2014 Chevrolet Silverado and GMC Sierra pickup trucks, is offsetting investors' worries about Europe. So far this year GM shares have risen 22% and closed at $34.92 Tuesday. “We have better momentum and progress in the business there than at any time over the last couple of years,” Ammann said, adding that GM is benefiting from new products in Europe, such as the Opel Mokka and Opel Adam.
Source: Detroit Free Press
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Marchionne Puts New Model Investments on Hold in Italy After Court Ruling

Fiat CEO Sergio Marchionne said the automaker would put investments in new models on hold until there is clarity over the impact of a court ruling that cast doubt on the company's labor relations in Italy. Italy's constitutional court ruled last week that a clause in the country's labor law from the 1970s that allows Fiat to bar the Fiom metalworkers' union from representing workers on its factory floor was unconstitutional. "Before taking any further initiatives in Italy, we need a clear legal and normative framework," Marchionne said [Tuesday].
Source: Reuters
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Efficient Cars: Emerging Clean Diesels May Give Electric Vehicles A Jolt

The beauty of efficient cars these days is that progress is being made on so many fronts. It's a little like a horse race: first one technology surges, then another. Just when it begins to look like the future of personal transportation may be the electric vehicle, The Economist warns us not to jump to premature conclusions: the advanced (and clean) diesel engine is about to land on U.S. shores. The 2014 Mazda 6 will soon make its debut, getting a 30% premium in mileage over its petrol sipping cousin. It will shortly be followed by vehicles from Toyota and Mitsubishi. These engines will be smaller and lighter, with lower cylinder pressures. Lower pressure means less stress on other related parts, so they can be lighter as well. In turn, this means less demand on the brakes, bodywork, and other components. And that translates to yet more miles per gallon.
Source: Forbes
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California New Car Dealers Choose NADART as Preferred Retirement Plan Provider

The California New Car Dealers Association is the fourth state dealer group this year to select NADART as its licensed retirement plan administrator. NADART, the retirement plan and benefits division of NADA, and the CNCDA will work together to deliver a selection of investment and employee benefit options specifically designed for dealer businesses. “The CNCDA's board of directors carefully selects each licensed vendor,” said Brian Maas, CNCDA president. “NADART has a long history of solid financial planning and management. Their experience in the auto industry makes them an ideal choice for California dealers.” Earlier this year, the state dealer associations in Louisiana, North Carolina and Oregon selected NADART. “NADART is delighted to serve the members of another state association,” said Betsy Piper/Bach, NADART vice president and chief operating officer. “Our 55 years of experience in serving the dealer industry makes us leaders in providing employee benefit options. Being a licensed vendor is a privilege that NADART doesn't take lightly.” For more information, visit www.nadart.org.
Source: NADAFrontPage.com
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Car Hacking: A New Threat Emerges

Bosch aims to protect vehicles from cyberattack

Imagine cruising down the highway when the brakes suddenly give out. Or sitting in a parking lot when your doors unlock by themselves. In today's world of increasingly interconnected cars, it might be more than a factory glitch. You could be a victim of automotive cyberattack, warns supplier Robert Bosch GmbH. Bosch is tackling what it describes as a new era of driver threats, through its software security subsidiary Etas GmbH. In extreme cases, attackers could track your car's location, spy on cabin conversation, tamper with the odometer, disrupt the engine, engage the brakes or even manipulate steering. For drivers, the intrusions mean "potentially life-threatening consequences," Wolfgang Sienel, president of Etas' Japanese operations, said last month at Bosch's Yokohama r&d center, its biggest active safety lab outside Germany.
Source: Automotive News
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Quotable
"We have better momentum and progress in the business there than at any time over the last couple of years."

    --  Daniel Ammann, GM's chief financial officer, discussing the automaker's belief it can break even in Europe by mid-decade, Detroit Free Press, July 9


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NADA Webinars
(All webinars begin at 1 p.m. ET. Click webinar title to register.) 

- July 17: Put the Brakes on Auto Theft and Vandalism

- July 24: Accessory/Service Drive Warranty Sales Success

- July 31: Master the Modern Internet “Phone-Up”

- Aug. 7: Buyers' & Sellers' Perspectives on the Market

 For more information about the webinars, click here.

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