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Inside this issue
NADA Foundation and Ally Financial Support New Orleans Community with Donation to Second Harvest Food Bank
Chrysler Now 'Wholly Owned' By Fiat
Ford's Aluminum F-150 Faces Insurance Rate, Repair Shop Challenges
Toyota, Honda Set N.A. Output Records as Yen Weakens
Freebies, Interactive Displays Keep Visitors Busy at Detroit Auto Show
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
NADA Foundation and Ally Financial Support New Orleans Community with Donation to Second Harvest Food Bank

 
The NADA Charitable Foundation and Ally Financial contribute $50,000 to Second Harvest Food Bank in New Orleans. Pictured (l-r): Natalie Jayroe, president and CEO of Second Harvest Food Bank; NADA Chairman Dave Westcott; and Tim Russi, president of Auto Finance for Ally Financial.

Auto industry shows support for local community in connection with the 2014 NADA Convention & Expo
 
The National Automobile Dealers Charitable Foundation and Ally Financial provided a grant of $50,000 to Second Harvest Food Bank in New Orleans. The donation is part of week-long activities leading up to the 2014 NADA Convention & Expo in New Orleans, which runs Jan. 24-27. Each organization contributed $25,000. “Second Harvest Food Bank is honored to receive this generous donation from the National Automobile Dealers Association and Ally Financial,” said Natalie Jayroe, president and CEO of Second Harvest Food Bank. “Louisiana has the second-highest poverty rate in the nation and support from NADA and Ally will help us continue our mission of leading the fight against hunger in south Louisiana.” The donation is reflective of the impact auto dealers make in their local communities and will help support the New Orleans community in connection with the NADA convention. This is the 10th time the NADA convention has been held in the Big Easy since 1973.
 
“Ally is honored to join with NADA to support the Second Harvest Food Bank and aid in the fight against hunger in the New Orleans community,” said Tim Russi, president of Auto Finance for Ally Financial. “This donation is just one way of demonstrating the auto industry's commitment to giving back and building stronger communities.”
 
“The $50,000 donation to Second Harvest Food Bank will provide 140,000 meals to families in need,” said NADA Chairman Dave Westcott. “We commend Second Harvest and its partner agencies for their dedication to reducing hunger in south Louisiana. As new-car dealers, it's our responsibility to support our communities, and NADA prides itself on giving back to the cities that host our convention,” added Westcott, a Buick-GMC dealer in Burlington, N.C.
 
Auto dealers attending the NADA convention throughout the weekend will have an opportunity to join NADA and Ally in making a difference for the New Orleans community. For every dealer that checks in at the Ally booth (#3739) during the NADA convention, Ally will make an additional donation to Second Harvest Food Bank. The NADA Foundation, which is the philanthropic arm of NADA, was established in 1975.
Source: NADAFrontPage.com
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Chrysler Now 'Wholly Owned' By Fiat

Fiat SpA announced Tuesday that it has completed its acquisition of Chrysler Group LLC. The Auburn Hills automaker “is now a wholly owned subsidiary of Fiat,” the Italian company said in a statement. Fiat gained control of Chrysler as part of a 2009 bailout of the bankrupt automaker brokered by the Obama administration. That deal also gave a minority stake in Chrysler to a retiree health care trust controlled by the United Auto Workers. On Jan. 1, Fiat announced that it had reached an agreement with the UAW trust to purchase its shares for $4.35 billion.
Source: The Detroit News

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Ford's Aluminum F-150 Faces Insurance Rate, Repair Shop Challenges

After laboring for five years to develop its aluminum F-150, Ford Motor Co. now confronts a new challenge: preventing higher insurance rates and a dearth of mechanics ... Less than 10 percent of the more than 30,000 independent repair shops in the United States are certified and meet training and equipment requirements to work with most aluminum auto body parts, according to an estimate by Darrell Amberson, chairman of the Automotive Service Association. While some dealerships do in-house body work, independent businesses handle the vast majority of collision repair in the United States, he said. Ford is betting buyers will accept what it estimates will be a 10 percent jump in costs to insure the pickup in return for improved fuel economy, towing and payload. Ford must also get the aftermarket industry up to speed as it debuts the highest-profile vehicle to swap aluminum for heavier steel, long the industry's material of choice.
Source: Bloomberg
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Toyota, Honda Set N.A. Output Records as Yen Weakens

Toyota Motor Corp. and Honda Motor Co. set production records at their North American auto-assembly plants last year even as the yen weakened against the dollar for a second consecutive year. Toyota, the world's largest automaker, built 1.86 million Toyota and Lexus cars and light trucks at U.S., Canadian and Mexican plants, while Honda made 1.78 million Honda and Acura autos in North America, the companies said in statements Tuesday. While the gains weren't matched by records in U.S. sales, exports increased to markets including South Korea and Latin America.
Source: Bloomberg
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Freebies, Interactive Displays Keep Visitors Busy at Detroit Auto Show

The only thing better than scoping out the hundreds of gleaming new vehicles at the North American International Auto Show is scoring free stuff at the NAIAS. As in samples, freebies, swag, loot, lucre, goodies, bounty and plunder -- plus interactive displays. At the Nissan pavilion visitors can don headsets and visors for a terrific 3-D video that lasts about eight minutes. The 3-D is so realistic that spectators can find themselves gripping the edge of their seats as the display swoops up and down, in and out until vertigo temporarily sets in. The Nissan display also has something very unique at the auto show -- it's own personalized aroma. “It's called Oriental Green Tea,” said Nissan product specialist Ken Smith. “The idea is to add a fourth dimension to the tactical senses when visiting Nissan. You see the vehicles, touch them and listen to the displays but now you also associate an aroma with the display and the cars.” Click here for more.
Source: The Detroit News
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Quotable
"The $50,000 donation to Second Harvest Food Bank will provide 140,000 meals to families in need."

    -- NADA Chairman Dave Westcott, commenting on a donation today in New Orleans from the NADA Charitable Foundation and Ally Financial, NADAFrontPage.com, Jan. 22

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