View Mobile Version | View Web Version

SPONSORED BY
 
NADA.org
July 16, 2014 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Inside this issue
NADA Academy Grads and 20 Group Members Honored by Automotive News
Senate May Expand GM Recall Probe to Industry-Wide Review
Alan Mulally, Former Ford CEO, Joins Google's Board
VW Targets $6.8 Billion in Savings to Lift Profitability
Today is Chrysler's Deadline to Respond to NHTSA's Jeep Recall Questions
Auto Industry Draws Battle Lines Against Hackers
Warren Buffett Writes GM to Praise Cadillac Dealer
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
NADA Academy Grads and 20 Group Members Honored by Automotive News

Seventeen out of 40 retail automotive leaders recognized this week as rising stars in Automotive News’ special 40 Under 40 list are NADA Academy graduates and/or current NADA 20 Group members. “The recognition by Automotive News is a tribute to all these high achievers. We’re especially proud of the 17 rising stars who have advanced their dealership careers after enrolling in the NADA Academy and/or becoming NADA 20 Group members,” said John Lyboldt, NADA vice president of dealership operations. “We expect to see many more future dealers and managers become industry leaders after participating in NADA’s programs.” Click here for the list of 17 standouts. To learn more about NADA Academy programs, visit www.nada.org/academy or email academy@nada.org. To learn more about NADA 20 Group, visit www.nada20group.org or email nada20group@nada.org.
Source: NADA Public Affairs
Share: LinkedIn Twitter Facebook

[back to top]

Senate May Expand GM Recall Probe to Industry-Wide Review

The chairwoman of a Senate panel said she may broaden her look at auto safety problems at General Motors Co. into whether there are systemic recall issues present at other major automakers. In an interview Tuesday, Sen. Claire McCaskill, D-Missouri, also said she planned to hold another hearing focusing on the role of the National Highway Traffic Safety Administration and its handling of complaints over several years into ignition switch issues. “I think we have to have another go-round with NHTSA,” McCaskill said. “Are (NHTSA officials) getting all the technical information? Do they have the proficiency and the resources to absorb it and understand it?” The House Energy and Commerce Committee also plans a hearing on NHTSA's role.
Source: The Detroit News

Related Stories:


Share: LinkedIn Twitter Facebook

[back to top]

Alan Mulally, Former Ford CEO, Joins Google's Board

Mulally will serve on the audit committee

Former Ford Motor Co. Chief Executive Alan Mulally, who flirted with Microsoft Corp.'s top job last winter, has joined the board of another tech giant: Google Inc. Mr. Mulally, who retired as Ford's CEO on July 1, became the 11th member of Google's board on July 9 and adds a dose of independence to a group that has added just one other new member since 2005. Mr. Mulally will serve on the board's audit committee.
Source: The Wall Street Journal
Share: LinkedIn Twitter Facebook

[back to top]

VW Targets $6.8 Billion in Savings to Lift Profitability

Volkswagen AG, Europe's largest carmaker, plans to cut costs and boost productivity at its namesake brand by 5 billion euros ($6.8 billion) by 2017 to lift sagging profitability. Efficiency gains have failed to keep pace with rising labor costs, Chief Executive Officer Martin Winterkorn said in an internal presentation to company managers obtained by Bloomberg News. The carmaker is seeking the savings by lowering purchasing expenses, reducing complexity and cutting factory costs. “We must now take action that is clear, effective and sometimes painful,” Winterkorn said in the briefing. “Let's be honest: we have a lot of catching up to do with our core competitors in terms of productivity.”
Source: Bloomberg
Share: LinkedIn Twitter Facebook

[back to top]

Today is Chrysler's Deadline to Respond to NHTSA's Jeep Recall Questions

Today is Chrysler's deadline to respond to questions from the National Highway Traffic Safety Administration about its slow response to installing trailer hitches on 1.56 million Jeep Liberty and Jeep Grand Cherokee SUVs. More than a year after agreeing to install trailer hitches the automaker has not begun the repairs on 2002 through 2007 Jeep Libertys and 1993 through 1998 Grand Cherokees. The Jeeps in question have rear-mounted fuel tanks that the safety agency determined put the vehicles at a higher risk for rear-end explosions than other SUVs. The regulatory agency questions why Chrysler has only hired one supplier to make the trailer hitches, and why it took so long for production to begin. NHTSA also is asking for numerous documents related to the process and internal financial projections of the program's estimated cost.
Source: Detroit Free Press
Share: LinkedIn Twitter Facebook

[back to top]

Auto Industry Draws Battle Lines Against Hackers

A day will come in the very near future, cybersecurity experts warn, when locking the car doors will not be enough to keep the bad guys out. “It's only a matter of time before hackers figure out how to access our cars,” says Lisa McCauley, vice president and general manager-Cyber Innovations at Battelle, a non-profit R&D organization focused on industrial cybersecurity and connected-vehicle technology. McCauley's alert comes after joining executives from the Alliance of Automobile Manufacturers, the Association of Global Automakers and parts-making giant Delphi to announce plans to form a voluntary information-sharing and analysis center for the industry to target the threat of hackers as vehicles begin connecting to the Internet and communicating with other cars and trucks sharing the transportation infrastructure.
Source: WardsAuto
Share: LinkedIn Twitter Facebook

[back to top]

Warren Buffett Writes GM to Praise Cadillac Dealer

Warren Buffett is famous for driving older Detroit-made cars, but apparently once in a while the billionaire investing genius breaks down and buys a new one, like a new 2014 Cadillac XTS. Buffett wrote a letter in General Motors CEO Mary Barra praising the experience at his dealership in Omaha, Neb. He didn't actually buy the car himself this time around. Instead, he sent his daughter on the theory that she could buy the car without tipping off who would actually be driving it. Never mind that her last name is also Buffett and that name rings alarm bells whenever it surfaces in Omaha, which is often. Nevertheless, Madison Willers, the saleswoman at Huber Cadillac, "did a terrific job of selling this car to my daughter, Susie, who was acting on my behalf," he writes.
Source: USA Today
Share: LinkedIn Twitter Facebook

[back to top]

More Articles
 
Quotable

"What the auto industry has to come to is a shift from thinking about the car as a physical, mechanical system. Autonomy, autonomous systems, is about understanding how humans do that, and then replicating it with software." 

   --- Maarten Sierhuis, director of Nissan’s Silicon Valley research center in Sunnyvale, Calif., discussing why driverless cars require an industry shift, Bloomberg, July 16

 Sponsored by

NADA Market Beat
June SAAR, at 16.7 Million, is Highest Since August 2005
Chairman's Message
Commentary: A Good Deal for Everyone
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 Foundation News
Dale Willey Supports Community through the NADA Charitable Foundation

Greater Cincinnati Auto Dealers Donate CPR Unit to YMCA
 
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 .