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Inside this issue
NHTSA Chief Strickland Discusses Tesla Probe
Chrysler Fights to Stay on Course
Ally Financial Repays $5.9 billion in Bailout Aid: Treasury
Short F&I Visits Help Drive Sales Satisfaction
GM's Chevrolet Colorado to Challenge Toyota's Midsize Pickups
Kia Moves into Luxury with K900 Sedan
Hydrogen Cars Could Be Headed to Showroom Near You
Corvette Stingray, Mazda3 Win Innovation of the Year Awards
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
NHTSA Chief Strickland Discusses Tesla Probe

The National Highway Traffic Safety Administration, which is the government's auto safety watchdog, announced this week that it would investigate the Tesla Model S electric car after two of the vehicles struck road debris and caught fire. Tesla is cooperating with the investigation, which may or may not lead to a recall if NHTSA finds a safety defect. At the Los Angeles Auto Show on Wednesday, NHTSA chief David Strickland answered questions about the investigation.
Source: The Associated Press

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Chrysler Fights to Stay on Course

Chrysler Group LLC is still making money and says it is on track to meet its financial targets for 2013. But there are signs that the job of rebuilding the Auburn Hills automaker while simultaneously trying to keep afloat its Italian parent, Fiat SpA, is proving more difficult than either company originally thought.
Source: The Detroit News

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Ally Financial Repays $5.9 billion in Bailout Aid: Treasury

Auto lender Ally Financial Inc. has repaid the U.S. government $5.9 billion in federal bailout aid it received during the financial crisis, the Treasury Department said on Wednesday. With the payment, the government has received $12.3 billion from Ally, more than 70 percent of the total aid provided by the government, the Treasury said in a news release.
Source: Reuters

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Short F&I Visits Help Drive Sales Satisfaction

Make it snappy, and don't pull any fast ones. Those are the takeaways for the F&I office from the 2013 U.S. Sales Satisfaction Index Study released last week by J.D. Power and Associates. The annual study rates new-car buyers' satisfaction with the dealership sales experience. According to Chris Sutton, senior director of automotive retail at J.D. Power, the less time people spent on the F&I process, the higher they rated the dealership experience in the "Working Out the Deal" section of the survey. That's the part of the study that correlates most closely with F&I.
Source: Automotive News

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GM's Chevrolet Colorado to Challenge Toyota's Midsize Pickups

General Motors Co. is preparing to tackle Toyota Motor Corp. as the world's two top auto makers vie for a piece of the U.S. pickup truck market that has been doing nothing but shrinking for at least the past five years. The auto maker pulled the wraps off its Chevrolet Colorado midsize pickup truck Wednesday, the first in a two-punch strategy designed to unseat Toyota and its Tacoma pickup, which has been a hit with young truck buyers since its introduction more than a decade ago. The Colorado—along with the GMC Canyon, which will be introduced in January—will roll into showrooms in the third quarter as GM breaks with Detroit tradition by returning to the midsize pickup segment on its own, after it, Ford Motor Co. and Chrysler Group LLC abandoned the market in early 2012.
Source: The Wall Street Journal

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Kia Moves into Luxury with K900 Sedan

With the big new K900 sedan, Kia is ready to play with the likes of BMW and Mercedes-Benz. Going where corporate cousin Hyundai has gone before, it is introducing its first luxury sedan. It is meant to play in the space between a BMW 5 Series and the big 7 Series, including many of the over-the-top features that define the best in German or Japanese luxury cars.
Source: USA Today

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Hydrogen Cars Could Be Headed to Showroom Near You

Cars that run on hydrogen and exhaust only water vapor are emerging to challenge electric vehicles as the world's transportation of the future. At auto shows on two continents Wednesday, three automakers unveiled hydrogen fuel cell vehicles to be delivered to the general public as early as next spring. Hyundai Motor Co. will be the first to the mass market in the U.S. It unveiled a hydrogen-powered Tucson small SUV at the Los Angeles Auto Show that will be leased to consumers.
Source: The Associated Press

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Corvette Stingray, Mazda3 Win Innovation of the Year Awards

The 2014 Mazda3 and 2014 Chevrolet Corvette Stingray were named 2013 Innovation Vehicle of the Year winners Wednesday by the Motor Press Guild, the largest auto media association in North America. The awards, voted on by journalists and analysts and announced as a kickoff to the LA Auto Show press days, were given in two price categories: the Mazda3 for vehicle under $29,000 and the Corvette for vehicle over $29,000. Vehicles were chosen for driving forward in areas such as value, design and technology.
Source: The Detroit News

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Quotable
"This is the sort of technology that makes batteries look old-fashioned."

   
-- John Krafcik, North American CEO of Hyundai, which believes that fuel cells will power the next generation of cars, appealing to affluent, environmentally conscious customers because affordable battery technology has not advanced enough, The Associated Press, Nov. 20
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