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Inside this issue
Editorial: Dealer System Serves Public
Seeing Future in Fuel Cells, Toyota Ends Tesla Deal
Toyota Texas Move Seen to Help Economy by $7.2 Billion
GM Runs 16 Additional Tests on Cars with Defective Ignition Switches
GM Issues 5 New Recalls for More Than 2.7 Million U.S. Vehicles
BMW Sees 2014 as Year of Growth Opportunities for Auto Industry
Sheehy Dealers to Hold Benefit for American Heart Association
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Editorial: Dealer System Serves Public

Missouri has a tried and true franchise system for automobile dealers. We think it's appropriate to apply that system equally to all manufacturers, including the high-tech company Tesla. Of course, we have a bias when it comes to auto dealers. Several of them are our best customers. We think Missouri communities have a bias when it comes to auto dealers, too. Those dealers employ thousands of people across the state of Missouri and right here in the Ozarks. They help support the community through untold donations to charitable causes. In addition to the community impact, the franchise system for automobile dealers guarantees a level playing field for these businesses. That promotes fair competition in the marketplace, which is good for consumers. Furthermore, consumers are well served by a system of local dealerships, providing them easy access to those business owners -- who have a vested interest in seeing happy customers driving off the lot and returning to make future purchases. Also, local dealers are better able to handle long-term service needs, particularly those needed to meet the specifications of manufacturers.
Source: Springfield News-Leader (Missouri)
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Seeing Future in Fuel Cells, Toyota Ends Tesla Deal

Toyota said on Monday that it would allow a battery-supply deal with Tesla Motors to expire this year and would focus instead on building cars running on hydrogen fuel cells, a next-generation technology that rivals Tesla's all-electric systems. Toyota Motor invested $50 million in Tesla to acquire a 3 percent stake in the Silicon Valley upstart in 2010, and signed a $100 million joint-development deal in 2011 for a version of Toyota's RAV4 crossover sport utility vehicle that carried Tesla's electric powertrains. At the time, the two automakers suggested that the RAV4 electric vehicle could be the start of a wider collaboration. The Japanese automaker said its focus this year would instead be on its four-door sedan powered by hydrogen fuel cells, which it plans to introduce in California next year. The automaker will also focus on developing hydrogen refueling stations to support fuel-cell technology, it said. “It's obvious Toyota doesn't see a market for electric vehicles,” said John O'Dell, green-car analyst at the auto-research site Edmunds.com. “They really see the future of the zero-emission vehicle as the hydrogen vehicle,” he said.
Source: The New York Times
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Toyota Texas Move Seen to Help Economy by $7.2 Billion

Toyota Motor Corp.'s relocation of its U.S. headquarters to Plano, Texas, may bring $7.2 billion of economic activity over 10 years, according to an analysis for the city. The figure includes $4.2 billion from payroll, along with direct and indirect spending, and sales and property tax revenue, according to the analysis by Grant Thornton LLP, a Chicago-based audit, tax and advisory company. The report was released May 12, when the city, a Dallas suburb, approved incentives for the company.
Source: Bloomberg

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GM Runs 16 Additional Tests on Cars with Defective Ignition Switches

General Motors Co. conducted an additional 16 tests on cars with the defective ignition switch linked to at least 13 deaths to further support its position that the vehicles are safe to drive with only the key in the ignition, according to a document posted online by U.S. safety regulators. The No. 1 U.S. automaker said it removed parts from the faulty switch to make it easier for a single key to move out of the "run" position, but the switch did not malfunction in the additional tests, which were completed after a similar round in March, according to a GM report filed by the U.S. National Highway Traffic Safety Administration.
Source: Reuters

Editor's note: For more information on the GM recall, go to www.gmignitionupdate.com or www.safercar.gov.

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GM Issues 5 New Recalls for More Than 2.7 Million U.S. Vehicles

The number of General Motors vehicles recalled in 2014 topped 10 million [Thursday] after the automaker issued five new recalls affecting more than 2.7 million U.S. vehicles. GM said the new recalls would cost $200 million on its second-quarter earnings report. The number of vehicles affected outside the U.S. was not immediately available.
Source: Detroit Free Press
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BMW Sees 2014 as Year of Growth Opportunities for Auto Industry

BMW Group expects global demand for cars to rise this year, underpinning its goal to sell a record number of vehicles in 2014. Rising demand in North America and China will set the pace for the expansion, which will be supported by a European car market that shows signs of recovering from years of contraction, BMW said in a statement released during the carmaker's annual general meeting. This year will "be a year of growth opportunities for the automotive industry," even as volatility persists, CEO Norbert Reithofer said in the statement. "Everything is becoming more complex and more global."
Source: Bloomberg
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Sheehy Dealers to Hold Benefit for American Heart Association

Sheehy Auto Stores is getting even more involved in its community, as it announced a 50-day charity initiative to benefit the American Heart Association as well as a new partnership with WLZL-FM (107.9) El Zol — CBS Radio-owned Latin Urban and Pop music station reaching the Baltimore and Washington, D.C. area. Sheehy Auto Stores is gearing up for its 17th annual "Sheehy 5000" fundraising campaign, which takes the form of a 50-day community-wide effort to raise awareness and funds to benefit the American Heart Association.
Source: Auto Remarketing
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Quotable

"... the franchise system for automobile dealers guarantees a level playing field for these businesses. That promotes fair competition in the marketplace, which is good for consumers." 

    -- Springfield News-Leader in an editorial on the value of the dealer franchise system in Missouri, May 14

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