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September 2, 2014 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
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Inside this issue
Fiat Chrysler Clears Way for Oct. 13 IPO
GM Eases Rules on Techs' Work Reports
How to Tell if a Car Needs Recall Work - You Could Look It Up
Reminder: 'Do-Not-Call' Registration Requirement; FTC Announces Increase in Registration Fees
Nissan Exec Palmer Leaves to Become Aston Martin CEO
Automakers Vie for a Dent in 'Unminivan' Market
Study: Women More Comfortable with Negotiating than Men
GM, Museum to Restore 3 of 8 Prized 'Vettes Damaged by Sinkhole
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Fiat Chrysler Clears Way for Oct. 13 IPO

The Fiat Chrysler IPO that will result in the combined automaker's listing on the New York Stock Exchange could take place on Oct. 13, CEO Sergio Marchionne told reporters Saturday in Italy. With U.S. stock markets doing “incredibly well,” the setting is right for the IPO given a solid performance by the business, especially in North America, Marchionne told Bloomberg News. The merger of Italy's Fiat with Chrysler Group, based in Auburn Hills, Mich., would create the world's seventh largest automaker, Bloomberg says.
Source: USA Today

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GM Eases Rules on Techs' Work Reports

General Motors has retreated from a controversial policy that required dealership service technicians to essentially punch a time clock for every repair order. GM in the spring began enforcing a previously ignored rule that required dealers to report their service techs' hours for not only warranty repairs, but customer-pay work and repairs to vehicles in dealers' own fleets. GM characterized the policy as a way for dealers to track their techs' productivity and for the automaker to keep closer tabs on its warranty expenses. But dealers cried foul, complaining that the rules sapped productivity and left them more susceptible to costly charges if GM auditors found errors or omissions on their service techs' time sheets.
Source: Automotive News

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How to Tell if a Car Needs Recall Work - You Could Look It Up

Worried whether your car or truck is subject to a recall — or if a used car or truck you’re considering buying got the recall work done it was supposed to get? You could look it up, and it’s free. The National Highway Traffic Safety Administration recently unveiled a new “Vehicle Identification Number look-up tool” that tells you whether that particular vehicle is subject to a recall, and if it is, whether the work got done. The search tool is at www.safercar.gov/vinlookup.

Besides helping consumers find out whether a car has an unremedied recall, dealerships can also use the tool to determine whether used vehicles in inventory are under recall, according to the National Automobile Dealers Association. “To improve vehicle safety, NADA urges every car owner who receives a recall notice from a manufacturer to visit his or her local new-car dealership to have the vehicle inspected, and if necessary, fixed at no charge,” said Forrest McConnell, NADA chairman and a Honda and Acura dealer in Montgomery, Ala.
Source: Forbes.com
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Reminder: 'Do-Not-Call' Registration Requirement; FTC Announces Increase in Registration Fees

Before making any telemarketing call (or having one made on your behalf), you generally must ensure that the number called is not contained on the National “Do-Not-Call” (DNC) registry. As a reminder, any dealer seeking to access the DNC registry must first register with the FTC and, if applicable, must annually pay the associated fees. The Federal Trade Commission has announced that effective Oct. 1, 2014, the DNC annual registration fee will be increased as follows: Each area code of data will increase from $59 to $60; and the maximum amount that will be charged to any single entity for accessing area codes of data is increased from $16,228 to $16,482. Dealers who wish to have access to only five or fewer registered area codes from the DNC registry are exempt from the fee requirement (but must still register with the FTC). Accordingly, dealerships that register six or more area codes must pay the revised fee when they renew their current subscription accounts. Click here for more information.
Source: FTC
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Nissan Exec Palmer Leaves to Become Aston Martin CEO

Andy Palmer, the car-guy chief planning officer at Nissan Motor Corp., who was once tipped as a possible future CEO, is leaving the company to head UK sports-car maker Aston Martin. Nissan has tapped Renault Executive Vice President Philippe Klein, 57, to fill Palmer's spot as chief planning officer and a member of the board. He will report to Nissan CEO Carlos Ghosn and oversee global product planning, marketing, sales and zero-emissions vehicles. Aston Martin said in a statement today that Palmer's duties at the carmaker will start after he completes a transition period from Nissan. Palmer's background and experience, including leadership of Nissan's luxury Infiniti brand, will be "instrumental in taking Aston Martin forward," the statement said.
Source: Automotive News
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Automakers Vie for a Dent in 'Unminivan' Market

Without much fanfare, Ford has been seeing sales gains for its "unminivan" — a passenger version of its newly redesigned Transit Connect small, commercial van. Ford is branding it as the "unminivan" — even though it has that minivan trademark, sliding side doors. It has seating for five or seven passengers in a dressed-up version what most people think of as a small delivery van. And even the larger version is substantially more compact than a traditional minivan.
Source: USA Today
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Study: Women More Comfortable with Negotiating than Men

Negotiation. Easily one of the least desirable aspects of buying a car for most shoppers. But it seems a large portion of the population is growing more comfortable with the haggling process: Women. According to the survey results from a survey from Swapalease.com, women are “warming” up to the negotiation process — more so than men, in fact. According to the online survey – which was presented to more than 1,000 drivers across the country — a third of the female responders (33.3 percent) say negotiation “makes it (car buying) a fun process,” compared with only a quarter (25.1 percent) of men respondents. Furthermore, 22.7 percent of men say they “have learned to do it, but really don't like it,” compared with 17.5 percent of women.
Source: Auto Remarketing
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GM, Museum to Restore 3 of 8 Prized 'Vettes Damaged by Sinkhole


Photo credit:  Bob Bubnis/National Corvette Museum for Chevrolet

Museum directors, reversing course, vote to fill hole, citing costs

General Motors and the National Corvette Museum will restore three of eight prized Chevrolet Corvettes damaged in February when they tumbled into a giant sinkhole that developed beneath the floor of the museum in Bowling Green, Ky. Chevrolet said Saturday it will restore a 2009 Corvette ZR1 prototype, nicknamed the Blue Devil, and the 1 millionth Corvette built, a white 1992 convertible. Chevrolet will also fund the restoration of a 1962 Corvette, which the museum will oversee. GM, in a statement Saturday, said it will provide nearly $250,000 in financial support to help the museum recover from the sinkhole. The museum, about an hour's drive north of Nashville, marked its 20th anniversary over the Labor Day holiday weekend.
Source: Automotive News
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Quotable
"We made some pretty significant changes that we think reduce the overall administrative burden on the dealer. And this still allows us to make sure there are proper checks and balances on utilization and spending of warranty money."

   --- Tim Turvey, GM's vice president of North American customer care and aftersales, commenting on the automaker easing the rules on dealership service technicians' work reports, Automotive News, Sept. 1

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