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Inside this issue
The Fallacy of Flats
GM to Pay $35-Million Fine from NHTSA for Acting Too Slowly in Recall
Sputtering Auto Education Leads to Skills Breakdown
Suppliers Invest in Brick and Mortar -- Finally
Fisker Billionaire Owner Vows U.S. Drive to Take On Tesla
Google's Self-Driving Experiment Heads Toward Next Phase
Happy 65th: Drivin' the Original '49 Beetle
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
The Fallacy of Flats

NADA has released an important article today entitled, The Fallacy of Flats, which cautions dealers that lender programs that pay dealers a flat fee for arranging financing for consumers do NOT eliminate the dealer’s risk of violating fair credit laws.
Source: NADA Regulatory Affairs
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GM to Pay $35-Million Fine from NHTSA for Acting Too Slowly in Recall

Three months after announcing the start of a safety recall that has swelled to include 2.6 million cars, General Motors has agreed to pay the federal government $35 million -- the maximum penalty -- for failing to report the potentially deadly defect earlier.
Source: Detroit Free Press

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

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Sputtering Auto Education Leads to Skills Breakdown

New techs don't have training they need, service managers say

Dealership service managers are complaining about a rusty old clunker that's gumming up their operations: America's vocational education system. Traditional schools are steering more students toward college with curricula heavy on science, math and technology. Meanwhile, service managers say, neglected vocational and industrial arts programs are turning out a generation of auto mechanics whose skills aren't keeping pace with the cars they're assigned to fix. "The testing offered in many states to become a certified auto mechanic does not coincide with what is being done in today's auto shop," says Rick Castanos, parts and service director at Varsity Lincoln in Wixom, Mich., and Varsity Ford in Ann Arbor, Mich. "It's dated testing. ... The level of questions they have is based on vehicles that date back to the 1970s and '80s." The result is a skills gap that is making it difficult for dealerships to find and retain qualified mechanics, and for new graduates to find work.
Source: Automotive News
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Suppliers Invest in Brick and Mortar -- Finally

The dam has broken. North American vehicle production has grown to the point where it's no longer enough for suppliers to run an extra shift to keep up with customer demand. After years of dragging their feet, companies have no choice but to build or expand factories -- and that's precisely what they're doing. Just like automakers, suppliers are investing big sums in brick and mortar.
Source: Automotive News
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Fisker Billionaire Owner Vows U.S. Drive to Take On Tesla

The Chinese billionaire who bought Fisker Automotive Holdings Inc. at a bankruptcy auction is planning to build a new slate of electric-drive cars in the U.S., challenging Tesla Motors Inc. on its home turf. Lu Guanqiu, the chairman and founder of China's Wanxiang Group Corp., plans to manufacture electric cars in the U.S. and ultimately in China, he said in his first extensive interview since prevailing in a February bidding war for Fisker's assets.
Source: Bloomberg
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Google's Self-Driving Experiment Heads Toward Next Phase

Google's self-driving car has never driven in the snow, gets puzzled by parking lots and cannot comprehend the hand signals from a traffic cop in an intersection. For all its cameras, lasers and sensors, the car of the future still can't do all the things that human drivers can. And yet, Google has come so far so fast with its 5-year-old experiment in autonomous driving that members of the self-driving team are now speaking more confidently than ever before about the next phase of its ambitious research project: moving the technology out of tricked-out test vehicles and into real-world cars and trucks.
Source: Automotive News
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Happy 65th: Drivin' the Original '49 Beetle

Come ride with me in a time machine back to 1949. No, not Doc Emmett Brown's flux capacitor-equipped DeLorean DMC-12 - but the original 1949 VW Beetle Type 1. This year marks the 65th anniversary of the iconic Bug's appearance on these shores. In the decades since, the Beetle has become an icon: The most recognizable silhouette in all of Autodom, a symbol of the hippie movement, and car that spawned the wildly popular Love Bug movie and TV series.
Source: The Detroit News
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More Articles
 
Quotable

The company has "learned a great deal from this recall. We will now focus on the goal of becoming an industry leader in safety. We will emerge from this situation a stronger company."

    -- GM CEO Mary Barra, in a statement following the announcement that GM will pay the federal government $35 million for failing to report the ignition switch recall earlier, Detroit Free Press, May 16

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NADA Market Beat
Annual Sales Rate for New Light Vehicles Hits 16 Million in April
Chairman's Column
Auto Dealers Provide Their Customers with a Safety Net During Recalls
Videos

Ford's Joe Hinrichs Sits Down with NADA-TV at the Automotive Forum in New York


NADA Used Car Guide Guidelines: May 2014


NADA-TV
Recap of the 2014 NADA/J.D. Power Automotive Forum


NADA's Jonathan Collegio Highlights the Franchised Dealer System on Bloomberg TV


NADA-TV: General Motors CEO Mary Barra Headlines Automotive Forum in New York


General Motors CEO Mary Barra Sits Down for an Exclusive Interview with NADA-TV

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

-- May 21: Turn Service Customers into Sales

-- May 28: RO Cycle Time for Trucks

NADA Foundation News
NADA Foundation Seeks to Increase Charitable Giving through Ambassadors Program
 
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