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Inside this issue
Automakers Confident in 2013 Even as Competition Looms
US Factory Output Up 0.7%, Led by Strong Autos
Chevy Soars 18% as European Sales Fall to Lowest Level Since 1990
Ford Celebrates 2 Million EcoBoost Engines with Big Plans for New Uses
GM Working on 200-Mile Electric Car, Exec Says
Consumer Reports Surprises in Best Pickup Choice
Eiji Toyoda, Creator of Toyota Export Giant, Dies at 100
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Automakers Confident in 2013 Even as Competition Looms

U.S. automotive executives are extremely confident this year about the state of the industry even as some are becoming concerned that profits may be eroded as competition intensifies, a new survey found. Ninety-six percent of automaker executives who took part in Booz & Co.'s annual confidence survey said they perceive the industry as “much better” or “somewhat better” than a year ago. Among auto-supplier executives, 88 percent said the industry is better than a year earlier. The optimism is driven by an onslaught of new models in showrooms or coming soon along with lower operating costs, according to the annual U.S. Automotive Industry Survey and Confidence Index conducted online in July and August. At the same time, those surveyed are beginning to fret that automakers will offer profit-sapping discounts to keep sales rolling.
Source: Bloomberg
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US Factory Output Up 0.7%, Led by Strong Autos

U.S. factories increased output in August by the most in eight months, helped by a robust month at auto plants. The gains are a hopeful sign that manufacturing could help boost economic growth in the second half of the year. Manufacturing production rose 0.7 percent last month from July, the Federal Reserve said Monday. That's the biggest increase since December. It followed a 0.4 percent decline in July. Automakers increased production 5.2 percent, after a 4.5 percent decline in July.
Source: Associated Press
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Chevy Soars 18% as European Sales Fall to Lowest Level Since 1990

GM rises 1% overall; Ford dips 1%

European car sales fell 5 percent to 8.14 million units in August, the lowest level since records began in 1990. Despite the euro-zone slump that is keeping customers out of showrooms, General Motors' sales rose 1 percent as an 18 percent gain by Chevrolet more than offset a 3 percent decline at the Opel/Vauxhall division. Ford's European sales decreased 1 percent last month. Ford of Europe CEO Stephen Odell said on Sept. 9 that "it does feel like we're running along the bottom" of the auto market contraction.
Source: Automotive News
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Ford Celebrates 2 Million EcoBoost Engines with Big Plans for New Uses

Ford plans to grow its EcoBoost family of turbocharged gasoline engines and use them in more vehicles, in the U.S. and overseas, according to a Ford executive. The automaker is designing new vehicles to be powered with EcoBoost engines, hybrids, plug-in hybrids, diesel and compressed natural gas, said Joe Bakaj, Ford vice president of powertrain engineering. The company marked the production today of 2 million EcoBoost engines.
Source: Detroit Free Press
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GM Working on 200-Mile Electric Car, Exec Says

As automakers race to make cheaper electric cars with greater battery range, General Motors is working on one that can go 200 miles per charge at a cost of about $30,000, a top company executive said. Vice President of Global Product Development Doug Parks wouldn't say when or if such a car will be built, however. A moderately priced electric car with a 200-mile range would make electric cars more appealing to Americans, solving the two chief complaints about such cars: Anxiety over running out of power and high price, said Tom Libby, lead North American analyst for the Polk automotive research firm.
Source: Associated Press

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Consumer Reports Surprises in Best Pickup Choice

Consumer Reports' newfound love of Chevrolet continues with its surprising choice as the best pickup truck in the land. It's the new Chevrolet Silverado 1500, which it rates excellent in road testing. Chrysler Group's Ram 1500 came in second, lauded as a daily driver. And the best-selling pickup in the nation, the Ford F-150, comes in third. The Silverado was found to have a larger cargo bed, more payload capacity and more towing capacity, up to 11,200 pounds in Consumer Reports tests. The tailgate is easier to use, it has a lower step-in height than the rivals and there are steps to make it easy to climb in. Plus, at 16 miles per gallon overall, it got better gas mileage. Ford's F-150 was tested both in its EcoBoost V-6 version and the non-turbocharged V-8. After them came Toyota's Tundra and Nissan's Titan.
Source: USA Today
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Eiji Toyoda, Creator of Toyota Export Giant, Dies at 100

Eiji Toyoda, who spearheaded Toyota Motor Corp.'s expansion in the U.S. as the automaker's longest-serving president, has died. He was 100. Toyoda died at 4:32 a.m. [Tuesday] because of heart failure at the Toyota Memorial Hospital in Toyota City, Japan, Toyota Motor said in a statement. Funeral services will be held for close family members only, it said. During his 57-year career, the younger cousin of Toyota Motor's founder helped reshape a maker of Chevrolet knockoffs into an automaker whose manufacturing efficiency became the envy of General Motors Corp. and Ford Motor Co. By the time he stepped down in 1994, the company was assembling Corollas in the U.S., had started the Lexus luxury brand and had initiated a project that would develop the world's most successful gas-electric vehicle, the Prius.
Source: Bloomberg
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More Articles
 
Quotable
"The bullishness in the market continues. The vast, vast majority are seeing strong profitability continuing through to 2014."

    -- Brian Collie, vice president at Booz & Co., commenting on auto exec's confidence in the industry, Bloomberg, Sept. 17
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