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Inside this issue
Fiat Chrysler Will Be OK if it Misses Lofty Targets, Marchionne Says
Dealer Employees Paid More, but Retention Remains Issue
Audi CEO Stadler Gets Contract Extension
Last Chance to Register for Today's 'Transfer Digital Retailing Customers to the Showroom' Webinar
IHS and NADA UCG to Continue 30-Year Relationship
Mahindra Expands Effort to Counter Global Rivals with U.S. Engineering
NC Dealers Generate Funds for Military Charities
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Fiat Chrysler Will Be OK if it Misses Lofty Targets, Marchionne Says

Fiat Chrysler CEO Sergio Marchionne said the company will be much stronger than it is today at the end of his plan to sell 7 million cars by 2018, even if it misses the targets he set last week. "The targets are the targets. But even if I miss it by 10 percent, from where I am today, it's like [the] midget and the Jolly Green Giant," Marchionne said during a visit to a new transmission plant in Tipton, Indiana, on Tuesday. His suggestion was that the company would prosper, whether or not it falls a bit short of meeting some of his lofty goals.
Source: Reuters
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Dealer Employees Paid More, but Retention Remains Issue

The National Automobile Dealers Association released its second annual NADA Dealership Workforce Study back in November, but the organization dug back into the report this week, releasing a few more key findings — including an interesting tidbit on pay scales. According to the report — which was produced in partnership with DeltaTrends — car dealership employees, on average, earn 27 percent more than the average weekly earnings of all U.S. private sector employees. The overall turnover rate for dealership employees is 35 percent, which is less than that of the U.S. private sectors of 41 percent.
Source: Auto Remarketing
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Audi CEO Stadler Gets Contract Extension

VW Group sales and China chiefs also reappointed

Volkswagen Group has extended the contracts of Audi CEO Rupert Stadler, VW sales and marketing boss Christian Klingler and VW China chief Jochem Heizmann. VW said the three management board members had each received a contract extension but declined to specify how long the contracts had been extended for.
Source: Automotive News
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Last Chance to Register for Today's 'Transfer Digital Retailing Customers to the Showroom' Webinar

Today's "Transfer Digital Retailing Customers to the Showroom" webinar will focus on procedures that allow dealerships to seamlessly transfer online customers from the virtual showroom to the in-store showroom. Dealertrack Technologies' Ali Mendiola will demonstrate a streamlined workflow proven to move consumers further down the purchase funnel. Participants will then learn how to take the quality leads and deals that were generated via the dealership's website and transition those customers into the appropriate area of the in-store sales process, thus providing the ideal customer experience. The webinar will be held at 1 p.m. ET, today, May 14. Click here to register.
Source: NADA University Online
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IHS and NADA UCG to Continue 30-Year Relationship

Two names familiar to used-car managers are staying aligned, as IHS Automotive announced Tuesday the company has renewed its long-standing relationship with NADA Used Car Guide. IHS Automotive, which acquired R. L. Polk & Co. last year, leverages Polk's comprehensive set of vehicle details including make, model and series data for vehicles registered throughout the United States and Canada. NADA Used Car Guide chief operating officer and vice president Mike Stanton [said], “IHS Automotive data is part of the foundation that goes into NADA's VIN decoding process. This enables us to provide the industry with our most comprehensive decoder and continue to produce industry-leading products and services.”
Source: Auto Remarketing
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Mahindra Expands Effort to Counter Global Rivals with U.S. Engineering

Indian conglomerate launches electric scooter production, research center in Michigan

Anand Mahindra, chairman of Indian vehicle maker Mahindra & Mahindra Ltd., said he isn't in a rush to sell vehicles in the U.S., but is expanding a drive to harness U.S. engineering talent to counter challenges to his company's sport utilities and trucks at home. Mr. Mahindra came to Southeast Michigan Friday to formally launch two new U.S. ventures: A production site for a line of electric scooters that will be sold under the GenZe name, and a new vehicle research and development center in the Detroit suburb of Troy.
Source: The Wall Street Journal

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NC Dealers Generate Funds for Military Charities

Between Memorial Day and Labor Day, franchised dealers in North Carolina will donate a portion of their sales from new cars or service to Drive For Troops, a program sponsored by the North Carolina Automobile Dealers Charitable Foundation. Officials said all proceeds from the program will be donated to charities that support North Carolina's military, veterans and their families. Beneficiaries include Hiring Our Heroes, The Fisher House, The Marine Corps Scholarship Foundation, Operation Homefront and The Patriot Foundation.
Source: Auto Remarketing

Editor's note: NADA is a proud partner of Hiring Our Heroes, which is a program sponsored by the U.S. Chamber of Commerce Foundation to help military veterans find meaningful employment. For more information, visit www.nada.org/hiringourheroes.
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Quotable

"The targets are the targets. But even if I miss it by 10 percent, from where I am today, it's like [the] midget and the Jolly Green Giant." 

    -- Fiat Chrysler CEO Sergio Marchionne, says the company will prosper whether or not it meets its sales goals, Reuters, May 14

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