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Inside this issue
VW, Ford, GM, Toyota Dominate North American Car and Truck of the Year Short List
Last Chance to Register for Today's NADA Webinar: 'Maximize Aftermarket Profit'
New Dealership Valuation Guide Now Available
GM Hires Cybersecurity Chief to Help in Vehicle Development
GM Says China Sales This Year to Top 3.1 Million
California Targets Zero Emission Vehicles as Brown Signs New Laws
Audi, Chevy, Lincoln Plan Bigger Marketing Outlays to Support '15 Launches
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
VW, Ford, GM, Toyota Dominate North American Car and Truck of the Year Short List

Volkswagen Group of America has four vehicles in the running for North American Car and Truck of the Year awards. The 10 cars and 12 trucks on the 57-member jury's short list also include three each from Ford Motor Co., General Motors and Toyota Motor Sales U.S.A. The list of nominees will be reduced to three cars and three trucks in December, with a winner from each category revealed in January at the Detroit auto show.
Source: Automotive News
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Last Chance to Register for Today's NADA Webinar: 'Maximize Aftermarket Profit'

NADA University Online will host the webinar "Maximize Aftermarket Profit" today, Sept. 24 at 1 p.m. ET. The free webinar will teach participants what steps to take to set up a successful aftermarket department. For more information and to register, click here.
Source: NADA University Online
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New Dealership Valuation Guide Now Available

A Dealer Guide to Dealership Valuation is now available at NADA University Online. Written for NADA by Diane Anderson Murphy and Adam Sanders of the Moss Adams Valuation Services Group, the Driven Management Guide explains the process of valuing car and truck dealerships in a variety of contexts—buy-sell transactions, estate and gift tax settings, ownership succession planning and shareholder buy-in or buy-out. The guide discusses the main standards of value as well as the primary appraisal organizations and the due diligence process for dealership valuation. It explains how to estimate cash flow and dealership value. Other topics addressed include special valuation considerations and the relevance of IRS Revenue Ruling 59-60. The guide also offers strategies to maximize dealership value. The publication will help dealers understand this complex subject and enable them to assist professional appraisers in estimating dealership value. Sign in to www.nadauniversity.com and search BM15 to access the new guide.
Source: NADA Dealer Operations
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GM Hires Cybersecurity Chief to Help in Vehicle Development

New role created amid technological improvements in the auto sector

General Motors Co. named its first product cybersecurity chief in response to the rising levels of technological complexity in its automobiles. Jeffrey Massimilla was appointed this month to the job at the Detroit auto maker following a review of the company's product-development procedures, GM executive vice president of global product development Mark Reuss said on Tuesday. Mr. Massimilla previously was a GM engineering group manager in charge of the auto maker's infotainment systems.
Source: The Wall Street Journal
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GM Says China Sales This Year to Top 3.1 Million

General Motors Co. expects its sales in China this year to top 3.1 million vehicles and sees no impact on business from an anti-monopoly probe of the industry, the president of the automaker's China unit said Wednesday. Sales growth for GM and its Chinese partners should be slightly ahead of total market growth which is forecast at 8 to 10 percent, Matt Tsien told reporters. GM and other global automakers are looking to China, the world's biggest auto market by number of vehicles sold, to drive revenues and are investing heavily to appeal to Chinese tastes.
Source: Associated Press
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California Targets Zero Emission Vehicles as Brown Signs New Laws

California Gov. Jerry Brown has a moonshot goal for the world's eighth-largest economy as he seeks to lead the global fight against climate change: 1.5 million zero-emission cars on state roads in the next decade. With a month-end deadline approaching, Brown has signed 11 bills related to global warming. The laws add 15,000 permits for clean-air vehicles to use car-pool lanes, give rebates to low-income residents to buy cleaner automobiles, require cities and counties to speed up permits for residential solar-panel installations and require the state to devise a plan to fight short-lived pollutants such as methane.
Source: Bloomberg
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Audi, Chevy, Lincoln Plan Bigger Marketing Outlays to Support '15 Launches

Several major auto brands will boost their marketing budgets next year to support busy model launch schedules, a group of executives said at the Automotive News Marketing Seminar Tuesday. Audi, Chevrolet and Lincoln officials said bigger marketing outlays are planned for next year.
Source: Automotive News
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Quotable

"We're building the brand, we're growing the brand, we've got new products to launch. We're a challenger. We have to be smarter and scrappier than the next guy."

   
-- Matt VanDyke, director of Global Lincoln, commenting on the automaker's plan to increase its marketing budget in 2015 to support new model launches, Automotive News, Sept. 23 

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