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Inside this issue
GM CEO Barra to Testify Before Congress on April 1
Akio Toyoda Calls Recalls a Turning Point For Company
NADA University Webinar: Participate in the NADA Dealership Workforce Study
Volvo Car CEO Sees 5% Sales Growth in 2014
Ex-U.S. Auto Exec John Bozzella Named to Run Association of Global Automakers
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
GM CEO Barra to Testify Before Congress on April 1

General Motors CEO Mary Barra will testify before Congress on April 1 about the company's recall of 1.62 million vehicles linked to 12 deaths and 31 crashes, a House committee announced Thursday. The House Energy and Commerce Committee said Barra will testify at an Oversight and Investigations Subcommittee hearing. “Mary welcomes the opportunity to participate in the hearing as part of GM's effort to cooperate with Congress and other authorities,” GM spokesman Greg Martin said. The committee also invited David Friedman, National Highway Traffic Safety Administration acting administrator, to testify on the same day.
Source: The Detroit News

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Akio Toyoda Calls Recalls a Turning Point For Company

A day after his company agreed to pay a record $1.2 billion to settle a criminal probe into safety issues, the head of Toyota Motor Corp. called the preceding recalls a turning point for the carmaker. The recalls marked a shift in how Toyota and the industry think about safety, President Akio Toyoda said. It's no longer just about passing regulations but about delivering a sense of security. “The criteria for recalls used to be compliance with laws or whether there are technical problems,” Toyoda said at a regular news conference of the Japan Automobile Manufacturers Association, of which he is chairman. “Now, I think it has become whether the products can assure customers peace of mind.” Recalls, in and of themselves, are not bad, he said. “Recalls are not about concealing problems we find. It's about improving the product and coming up with countermeasures,” Toyoda said. “It's a good thing from the long-term perspective of the automotive industry's sustainable development.” Toyoda's comments came after his company reached a settlement with the U.S. Department of Justice to resolve a criminal probe into cases of unintended acceleration in its vehicles.
Source: Automotive News

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NADA University Webinar: Participate in the NADA Dealership Workforce Study

The upcoming "Participate in the NADA Dealership Workforce Study" webinar will provide participants with the information needed to identify opportunities to improve employee retention and turnover in key positions in your dealership. The webinar, which will be presented by Ted Kraybill from ESI Trends, will review how to better manage your payroll and benefits expense, how to measure employee retention and how to enroll in the 2014 NADA Dealership Workforce Study. It will be held at 1 p.m. ET, Wednesday, March 26. Click here to register.
Source: NADA University Online
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Volvo Car CEO Sees 5% Sales Growth in 2014

Volvo Car Corp.'s Chief Executive Håkan Samuelsson is expecting 5% sales growth in 2014, thanks to new products, continued growth in China and an expected turnaround on the U.S. market. The Swedish car company, owned by China's Zhejiang Geely Holding Group Co., earlier Friday said it swung to a modest full-year profit for 2013, mainly because of cost cuts and strong second-half retail sales in China, even as revenue declined. The company has struggled in recent years as demand for its products in North America waned and the broader European auto industry slumped. Volvo has cut jobs and shifted its focus to appealing to Chinese buyers. Mr. Samuelsson expects China, where Volvo's sales increased 46% in 2013, to continue to drive growth in 2014, but he also expects turnaround efforts on the U.S. market to yield results in upcoming months. New products and new management are part of the plan, but Volvo also needs to communicate its brand in a better way, he said.
Source: The Wall Street Journal
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Ex-U.S. Auto Exec John Bozzella Named to Run Association of Global Automakers

Major foreign automakers tapped a former long-time U.S. auto executive to run the companies' trade association in Washington. The Association of Global Automakers — which represents Toyota Motor Corp., Honda Motor Co., Nissan Motor Co., Hyundai Motor Co., Kia Motors and smaller automakers including Ferrari, Aston-Martin, Suzuki, Subaru and Isuzu — said Thursday it has named John Bozzella as president and CEO effective April 1. Bozzella is replacing the retiring Mike Stanton, who is ending a 35-year-career in the auto industry.
Source: The Detroit News
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Quotable

"It's almost like the cop standing by the side of the road, pulling people over for speeding. Someone says, 'OK, I want to comply. What’s the speed limit?' And they say, 'I’m not going to tell you. After the fact, I'll look back and I’ll tell you whether you were speeding.' That’s not fair, and it's ultimately going to drive credit out of the market."  

    -- Andy Koblenz, NADA EVP, commenting on the absence of clear standards from the CFPB regarding its fair credit compliance expectations, Automotive News, March 19
    

  

NADA Market Beat
Cold February Weather Dampens Light Vehicle Sales
Chairman's Column
NADA Releases Fair Credit Compliance Program for Dealers
Videos

 Meet NADA Chairman Forrest McConnell (NADA-TV)


NADA Used Car Guide's Jon Banks Highlights Feb.'s Guidelines (NADA-TV)

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NADA University Webinars
All webinars will be held at 1 p.m. ET unless otherwise noted. 

-- March 26: Participate in the NADA Dealership Workforce Study

-- April 2: NADA’s Fair Credit Compliance Program

-- April 3: Tips for Submitting a Great Workshop Proposal 

NADA Foundation News
New Orleans' High Schools Receive CPR Training Manikins

ADESA and NADA Donate $37,000 to Canine Companions

NADA and Ally Donate $50,000 to Second Harvest Food Bank in New Orleans 

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