View Mobile Version | View Web Version

SPONSORED BY
NADA.org
June 20, 2014 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Inside this issue
Lawmakers Skeptical GM Bosses Were Unaware of Defect
Dealership Employment on Rise
Premium Automakers Will Lead Shift to Wireless EV Charging
Fiat to Sell $820 Million in Assets for Luxury Expansion
25% of Recalled Cars in U.S. Aren't Fixed Despite Notice
Mercedes Plans Major Hike in Alabama Vehicle Production
Auto Dealers Donate CPR Manikins to Cannon YMCA
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Lawmakers Skeptical GM Bosses Were Unaware of Defect

Future hearing may call executives and engineer at center of recall scandal

General Motors Co.'s pinning of a decadelong failure to recall defective cars on a lone engineer is running into skepticism from lawmakers who say GM documents show dozens of people were alerted to ignition-switch defects during the past decade. Lawmakers this week called into question GM Chief Executive Mary Barra's congressional testimony on Wednesday and an internal probe by former U.S. prosecutor Anton Valukas that cleared the auto maker's senior executives. The internal probe portrays a relatively low-ranking engineer as responsible for approving a switch design that didn't meet GM specifications and for concealing vital information that could have led the company to recall defective vehicles sooner. "GM is trying to [argue] 'he made this mistake alone,' " said Rep. Tim Murphy (R-Pa.), chairman of the House panel probing the recall. "Several mistakes were made along the way. Of 210,000 people, why didn't anyone catch it?"
Source: The Wall Street Journal

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

Related Stories:


Share: LinkedIn Twitter Facebook

[back to top]

Dealership Employment on Rise

The auto industry was hit hard following the recession in 2009, and franchised auto dealerships were no exception. With unemployment rates hitting record highs, it was impossible to find someone not directly or indirectly impacted by the economic downturn. Almost five years later, auto dealership employment seems to be steadily increasing along with the improving U.S. economy. According to the annual report from the National Automobile Dealers Assn. (NADA) that breaks down employment, sales dollars and financial trends, franchised new-car dealership employment in 2013 totaled 1,008,800, up 3.4% from 2012. The average dealership employed 57 people, up from 55 in 2012. Steven Szakaly, NADA Chief Economist, foresees continued growth into 2014: “The economic recovery is continuing and we expect a stronger housing market, improving job prospects and continued low interest rates for auto loans to boost sales this year.”
Source: WardsAuto
Share: LinkedIn Twitter Facebook

[back to top]

Premium Automakers Will Lead Shift to Wireless EV Charging

Premium carmakers will lead a move toward new wireless technology for charging electric vehicle batteries, a forecast by the global market analysis firm Frost & Sullivan says. Inductive charging, a technology that lets EV owners recharge by simply rolling over a small pad in a home garage or public parking spot, will spread rapidly over the next six to seven years, according to the forecast. It predicts more than 128,000 inductive recharging systems will be in use in North America by 2020, up from just a few hundred today.
Source: Automotive News
Share: LinkedIn Twitter Facebook

[back to top]

Fiat to Sell $820 Million in Assets for Luxury Expansion

Fiat SpA plans to sell holdings valued at about 602 million euros ($820 million), freeing up cash to invest in an expansion of its upscale brands. Fiat holds 3.5 percent of its own shares as well as 2.5 percent of truck and tractor maker CNH Industrial NV and intends to sell the assets to American investors, Chief Executive Officer Sergio Marchionne told reporters [Thursday] in Basildon, England. The effort would help build relations on Wall Street as the carmaker prepares to establish its primary listing in New York in the first two weeks of October following the creation of Fiat Chrysler Automobiles NV.
Source: Bloomberg

Related Story:


Share: LinkedIn Twitter Facebook

[back to top]

25% of Recalled Cars in U.S. Aren't Fixed Despite Notice

One of every four cars recalled in the U.S. isn't fixed, leaving millions of potentially dangerous vehicles on the road. Some car owners mistake safety recall notices for junk mail and toss them without opening them. In some cases, owners may not think a recall is serious and opt not to get their cars fixed right away — or at all. “Our data suggests that there are 36 million cars that are on the road that have an unfixed recall,” said Christopher Basso, public relations manager for Carfax, a company that provides vehicle history reports. “That's all the recalls that don't get fixed year after year, that compound year after year.”
Source: The Detroit News
Share: LinkedIn Twitter Facebook

[back to top]

Mercedes Plans Major Hike in Alabama Vehicle Production

Mercedes plans to "significantly" raise production capacity at its U.S. plant in Vance, Ala., from a current level of around 185,000 vehicles, as it adds new models including its Mercedes C-class sedan and a new SUV. The automaker's push to expand vehicle production comes after car sales in the United States recovered to levels seen before the 2007 financial crisis and after rival BMW said it would raise U.S. production by 50 percent to 450,000 cars by 2016.
Source: Reuters
Share: LinkedIn Twitter Facebook

[back to top]

Auto Dealers Donate CPR Manikins to Cannon YMCA

Cabarrus County auto dealers – Ben Mynatt Family of Dealerships, Hendrick Automotive, Hilbish Ford, Modern Nissan and Subaru Concord – donated CPR manikins to the Cannon Memorial YMCA. The gift was made on behalf of the National Automobile Dealers Charitable Foundation and the N.C. Automobile Dealers Association. The YMCA will use the manikins to train people to respond to emergencies in and around Cabarrus County. The YMCA teaches CPR to about 500 people in its community each year. Founded in 1935, NCADA has a membership of 600 new-car and -truck dealers across North Carolina and works with the National Automobile Dealers Charitable Foundation and local dealer groups to support charitable and educational causes.
Source: The Charlotte Observer (N.C)

Editor's note: For more information on the NADA Foundation's Medical Grants program, click here.
Share: LinkedIn Twitter Facebook

[back to top]

More Articles
 
Quotable

"I can't be more proud of how our dealers are supporting the customer."

    -- 
GM CEO Mary Barra, during questioning from a House subcommittee over the defective ignition switch recall, Automotive News, June 19

 Sponsored by

NADA Market Beat
May SAAR Hits 16.7 Million, Highest Since February 2007
Chairman's Message
Commentary: Employment at New-Car Dealerships Rising
Videos

Get the Facts: The Benefits of Franchised Auto Dealers


Fox News: NADA Study Says Federal Regs on Dealers Cost the Economy More Than $10 Billion


NADA Chief Economist Discusses NADA Data 2014 on 'Market Beat'


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

Sponsored by

NADA University Webinars
All webinars begin at 1 p.m. ET unless noted otherwise. 

-- June 25: Body Shop for Trucks

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

Lotspeich Family Named Ambassadors of Distinction

NADA Foundation Seeks to Increase Charitable Giving through Ambassadors Program
 
Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
NADA For more information on NADA, visit www.nada.org or contact NADA, 8400 Westpark Drive, McLean, VA 22102. This email may contain an advertisement of NADA products and services. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org .