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Inside this issue
General Motors Orders Dealers to Stop Selling 2013-14 Chevrolet Cruzes
Disrupt! New Ford CEO Mark Fields Embraces The Innovator's Dilemma
Ford Bumps Toyota as World's Greenest Brand, Survey Shows
Chrysler to Invest $63M to Boost Production at Warren Stamping Plant
Daimler, Renault Nissan to Jointly Make Cars in Mexico
Stolen Corvette Found, Being Returned 33 Years Later
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Top Stories
General Motors Orders Dealers to Stop Selling 2013-14 Chevrolet Cruzes

General Motors has told dealers in the U.S. and Canada to stop selling 2013 and 2014 Chevrolet Cruzes because of a potential defect in air bags made by beleaguered air bag supplier Takata. A stop-sale order is not a recall, but it could have an immediate impact on Cruze sales, at least in the final days of June. Introduced in 2009, the Cruze is GM's top-selling car.
Source: Detroit Free Press

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Disrupt! New Ford CEO Mark Fields Embraces The Innovator's Dilemma

Mark Fields, the incoming chief executive officer of Ford Motor Co., is setting his own path as the new leader for the Dearborn, Mich.-based auto company, starting with the key words he uses to explain his approach. Ford's outgoing CEO, Alan Mulally, never tired of repeating the phrase “One Ford” as shorthand for his view that the key to success was for the auto maker to field a common lineup of vehicles worldwide, and break down its management fiefdoms. Mr. Fields didn't once say “One Ford” in a presentation Tuesday. Instead he talked about “innovation” as a means to sustain success.
Source: The Wall Street Journal
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Ford Bumps Toyota as World's Greenest Brand, Survey Shows

Ford displaced Toyota as the world's greenest brand in a new ranking of consumer perceptions of companies' environmental behavior. Toyota, known around the world for its popular fuel-efficient hybrid-drive Prius, has been the perennial leader on the Best Global Green Brands ranking, published by the brand consulting firm Interbrand. Conducted with Deloitte Consulting, the annual survey gauges consumer perceptions in markets around the world, combined with data on how companies operate internally and report their environmental behavior.
Source: Automotive News
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Chrysler to Invest $63M to Boost Production at Warren Stamping Plant

Chrysler said it will invest $63 million to expand the Warren stamping plant. The automaker said the expansion will increase capacity by up to 12,000 metal parts per day or about 3.6 million parts per year. Chrysler already operates 12 major press lines at the plant that produces 80 million parts annually.
Source: Detroit Free Press
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Daimler, Renault Nissan to Jointly Make Cars in Mexico

Auto makers to invest in Nissan's factory in Aguascalientes, Mexico

Daimler AG and Renault Nissan have agreed to jointly produce Mercedes and Infiniti compact cars in Mexico, in what the companies say comprises the largest project in the three-way alliance's history, people familiar with the matter said Thursday. The companies plan a major investment to produce Mercedes and Infiniti compact cars at Nissan's factory in Aguascalientes, Mexico. Cars produced by the venture will use the front-wheel-drive architecture, the car's underlying components, now used by Mercedes.
Source: The Wall Street Journal
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Stolen Corvette Found, Being Returned 33 Years Later

When George Talley's 1979 Corvette was stolen more than three decades ago in Detroit, he thought it was gone for good. Apparently not. Last week, the silver sports car was found in Mississippi. And after hearing Talley's story on the radio this morning, General Motors, his former employer, offered to pick up the Corvette and deliver it to him. Michigan State Police Lt. Michael A. Shaw said via e-mail Wednesday afternoon the car was recovered after the Michigan Southwest Commercial Auto Recovery unitwas contacted by the Secretary of State regarding two 1979 Corvettes. The Secretary of State said an individual tried to register the vehicles under the same VIN number.
Source: Detroit Free Press
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Quotable

"GM dealers have a different set of challenges, but they may be able to turn the situation to their advantage as many customers who own these older, recalled vehicles will be coming to their showrooms and service departments."   

    -- Haig Partners, commenting on the impact of GM's recent recalls on dealers in a recent report, Auto Remarketing, June 25

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