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Inside this issue
NADA Provides Overview of NADA Fair Credit Compliance Program
GM Employees are 'Owning' Valukas Report, Barra Says
Marchionne Insists Fiat Chrysler Needs 9 Brands; Market Watchers Disagree
Alfa Romeo Roars Back to U.S. at These 82 Dealers
7 in 10 Pickups Could Be Aluminum by 2025
Wis. Students Win Auto Skills Contest, Have Choice of Up to $25K in Scholarships
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
NADA Provides Overview of NADA Fair Credit Compliance Program

NADA has prepared a brief document entitled NADA Fair Credit Compliance Policy & Program at a Glance that provides a general overview of the optional NADA program that is designed to strengthen a dealer's efforts to comply with fair credit laws.  The following documents may now be accessed at www.nada.org/faircredit

1)  Cover memo from NADA, AIADA, and NAMAD releasing the NADA Fair Credit Compliance Policy & Program;
2)  pdf of the NADA Fair Credit Compliance Policy & Program;
3)  pdf of the NADA Fair Credit Compliance Policy & Program at a Glance; and
4)  MS Word version of the template program contained within the NADA Fair Credit Compliance Policy & Program (requires NADA member login).
Source: NADA Regulatory Affairs
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GM Employees are 'Owning' Valukas Report, Barra Says

General Motors CEO Mary Barra said that the company's employees are galvanized by the findings of its internal investigation into a deadly defect that exposed "incompetence" and a troubled corporate culture. "They are absolutely owning the report," Barra said of the 325-page report released last week by outside attorney Anton Valukas on a GM ignition switch defect in 2.6 million small cars, which GM has linked to 13 deaths. His investigation found no corporate cover-up but blamed incompetence and a plodding GM culture for letting the problem fester for more than a decade.
Source: Automotive News

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

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Marchionne Insists Fiat Chrysler Needs 9 Brands; Market Watchers Disagree

Fiat Chrysler CEO Sergio Marchionne wants his recently merged nine-brand automaker to more than double vehicle sales and operating profit by 2018, but financial analysts doubt there will be enough cash available to fund double-digit - and in some cases triple-digit – volume growth at eight of the marques over the next five years. They believe Marchionne will need a leaner portfolio for his plan to work.
Source: Automotive News
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Alfa Romeo Roars Back to U.S. at These 82 Dealers

Fiat Chrysler Automobiles took a big step Tuesday in bringing back a famous premium car brand to the U.S. by naming the first 82 dealers that will have Alfa Romeo franchises. Remember Alfa? It will forever be etched in the American boomer psyche as the car that Dustin Hoffman drove in The Graduate. Now, with the brand's triumphant return, the Alfa will again be found in 33 states -- to start. They will be selling the sexy and expensive Italian sports car, Alfa Romeo 4C. Warm and affluent California, Texas and Florida will have the most Alfa dealerships.
Source: USA Today
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7 in 10 Pickups Could Be Aluminum by 2025

Seven in 10 pickups will have an aluminum body by 2025, forecasts a new study from Ducker Worldwide. The consulting and research firm projects that every leading automaker will have an aluminum body program in place — and Ford Motor Co., General Motors Co. and Fiat Chrysler Automobiles NV will be the biggest users of aluminum.
Source: The Detroit News
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Wis. Students Win Auto Skills Contest, Have Choice of Up to $25K in Scholarships

Time, technology and teamwork combined Tuesday at Ford world headquarters when 10 two-person teams competed for the title of the best student auto technicians in the U.S. When it was all over, Justin Bublitz and Colt Morris — from Grafton High School in Grafton, Wis. — walked away with scholarships and trophies after winning the 65th annual Ford/AAA Student Auto Skills finals. Their task was simple, but daunting: Race the clock, plus nine other teams, to correctly diagnose deliberately installed problems in identical 2014 Ford Fusion SEs and then provide a fix.
Source: The Detroit News
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More Articles
 
Quotable

"Today, GM is a very good company. Tomorrow, we can be a truly great company. We can only achieve this goal if we hold each other to the highest possible standards." 

   
-- GM CEO Mary Barra during the automaker's annual shareholders meeting in Detroit, Detroit Free Press, June 10

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NADA Foundation News
Robert Ross Named an Ambassador of the NADA Charitable Foundation

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NADA Foundation Seeks to Increase Charitable Giving through Ambassadors Program
 
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