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Inside this issue
Advance Registration for NADA Convention Ends Jan. 16
Ford's Fields: 'Automotive Has All of the Excitement of Silicon Valley'
GM Restores Dividend as Global Vehicle Sales Rise
Ford's Leaders Assure Analysts its Plans Will Pay Off
Auto Makers Dare to Boost Capacity
Colors, Fabrics Heighten Intrigue at Auto Show
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Advance Registration for NADA Convention Ends Jan. 16

Dealers and their managers who register in advance for the 2014 NADA Convention & Expo by Thursday, Jan. 16, will receive a $75 discount from the onsite rate in New Orleans. “This will be the 10th time the NADA convention has been held in the Big Easy since 1973,” said Desmond Roberts, chairman of the convention committee. The four-day convention is expected to attract more than 21,000 total attendees. The NADA and American Truck Dealers (ATD) Expo will occupy 655,000 square feet of floor space, which includes 566 companies (100 companies are first-time exhibitors). Dealers can attend 26 franchise meetings, which now begin on Saturday (Jan. 25). There are 174 workshops sessions covering 64 topics. Fifty of the workshop presenters are new to the convention program. All workshops will be recorded and available onsite or online. The NADA convention, considered the “Automotive Industry Event of the Year,” will be held at the Ernest N. Morial Convention Center from Jan. 24-27. To register, visit www.nadaconvention.org.
Source: NADAFrontPage.com

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Ford's Fields: 'Automotive Has All of the Excitement of Silicon Valley'

Driven by the rise of the millennial generation and a global growth boom, the auto industry is in the midst of a new golden age, said Mark Fields, Ford Motor Co. COO, in a speech at the Automotive News World Congress. The industry should take advantage of that to lure new talent, he said. Fields called it "the most exciting time for the auto industry in the last 25 years. There is no more exciting business than the one we are in. Automotive has all of the excitement of Silicon Valley -- and, quite frankly, it is time we started acting and recruiting new hires that way. That certainly is our approach at Ford."
Source: Automotive News

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GM Restores Dividend as Global Vehicle Sales Rise

U.S. auto maker remains second world-wide, behind Japan's Toyota

General Motors Co. said it would begin paying 30 cents a share quarterly dividend on its common shares in March after posting a 4% increase in world-wide sales volume and as big investors pushed for a resumption of cash payouts. The Detroit auto maker has been under pressure to resume paying a dividend since before the U.S. government sold its final holdings last month. The company had stopped paying dividends in June 2008 as it tumbled toward bankruptcy court protection and a taxpayer financed bailout. The proposed payout will cost GM nearly $1.67 billion a year. Investors including hedge fund Hayman Capital had promoted the company's shares on its willingness to return some of the roughly $30 billion in cash it has amassed since exiting bankruptcy. Through September 2013, GM achieved 15 straight quarters of profitability. The auto maker said unit sales rose to 9.71 million vehicles, securing its second-place global rank behind Toyota Motor Co. and ahead of Volkswagen AG.
Source: The Wall Street Journal

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Ford's Leaders Assure Analysts its Plans Will Pay Off

Ford's top leadership took pains to assure analysts that its aggressive launch plans, aluminum F-150 and leadership transition are part of carefully crafted plans to generate sales and profits. The executive suite was out in full force for a lengthy presentation at a Deutsche Bank event on the sidelines of the Detroit auto show — the first dialogue with the investment community since a December conference call spelled out how product plans will cause profits to dip. That caused Ford stock to drop dramatically.
Source: Detroit Free Press

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Auto Makers Dare to Boost Capacity

North American factories will build one million more cars a year

The auto industry's recent fat profits from rising demand for new cars in North America is about to confront the law of supply and demand: A string of new factories in the region will start cranking out a million or more cars over the next several years. A large increase in production capacity poses a serious risk for auto makers. They reap strong profits if their factories are running near 100% of capacity, but their losses mount rapidly if the utilization rate falls below 80%. And when manufacturers build more cars than they sell, they often resort to price wars to boost sales.
Source: The Wall Street Journal
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Colors, Fabrics Heighten Intrigue at Auto Show

Walking around the North American International Auto Show is much like observing the parade of fashion on the Golden Globes' red carpet. Beyond the technical specs, for the style-watcher, there is a dizzying array of color and fabric that we just may see in the showrooms soon. This year we saw many deep, jewel-tone reds — not the classic orangey-red or primary color red so popular of late.
Source: The Detroit News
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Quotable

"There is no more exciting business than the one we are in."

   ---  Mark Fields, Ford Motor Co. COO, in a speech at the Automotive News World Congress, Automotive News, Jan. 14

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