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Inside this issue
NHTSA Expands Air Bag Alert to 7.8M Vehicles
GM, Ford Could Post Strong 3Q Profits this Week
Engineers, Execs Discuss New Challenges Facing Car Biz
Auto Sales in U.S. Have a Tough Road Ahead
Ford Closing Last Ex-Visteon Plant, Will Lay Off 257
Register for Upcoming NADA Webinar: 'OSHA's Repeal of Dealer Recordkeeping Exemptions'
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
NHTSA Expands Air Bag Alert to 7.8M Vehicles

The National Highway Traffic Safety Administration said late Tuesday it was expanding its alert of faulty air bags that could explode or expel shrapnel to 7.8 million vehicles from 10 major automakers. NHTSA said it was adding Ford Motor Co.; Chrysler Group LLC; Mitsubishi Motor Co.; and Subaru, a unit of Fuji Heavy Industries, to the recall.
Source: The Detroit News

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GM, Ford Could Post Strong 3Q Profits this Week

GM reports third-quarter earnings on Thursday and Ford reports its results on Friday. Fiat Chrysler Automobile is to report Nov. 5.

This is earnings week for General Motors and Ford and expectations are high, with a few precautions. GM reports third-quarter earnings on Thursday and Ford reports its results on Friday. Fiat Chrysler Automobile is to report Nov. 5. GM is expected to do slightly better than the July-September period of 2013, mainly because it sold 2.45 million vehicles worldwide in the period, its best-third quarter since 1980. That means that total revenue should be up significantly from a $38.1 billion a year ago. Last month Ford warned investors that its record number of launches this year is cutting into profit margins in North America and losses will be greater than anticipated in Europe at $1.2 billion. Losses are also forecast for South America. The pre-tax profit target for the year was reduced to $6 billion from previous estimates of $7 billion to $8 billion. Still, Ford is expected to show strong profits for the quarter.
Source: Detroit Free Press
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Engineers, Execs Discuss New Challenges Facing Car Biz

The automotive industry has always prided itself on developing new technologies and standards to make vehicles more efficient, powerful and safer. But in recent years the focus has shifted from implementing new parts to evolving current technologies to create relevant and satisfying “customer experiences,” according to industry officials. “The challenge, now, is defining what are we going to do with this technology,” said Marios Zenios, Chrysler Group LLC vice president of global software quality, during the SAE 2014 Convergence conference Tuesday at Cobo Center. “How are we going to create consumer experiences?”
Source: The Detroit News
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Auto Sales in U.S. Have a Tough Road Ahead

Having enjoyed a roaring comeback from the depths of the global financial crisis, the auto industry is shifting back into cruise control. Though European auto sales appear to have staged a mini comeback in September (up 6 percent), growth has slowed more dramatically in China than anyone expected (up just 3 percent). With the bottom falling out of Russian demand, India stuck in neutral and South America dipping again, automakers are facing renewed pressure to make up for that weakness with sales in the U.S. market.

The burning question: Can the U.S. market sustain the growth automakers need to keep rolling along? According to forecasts by J.D. Power, AutoNation Chief Executive Officer Mike Jackson and others, there's nothing to worry about: Sales in the U.S. will rise to nearly 17 million units next year. The case for optimism is pretty straightforward: Car sales and transaction prices have been growing relentlessly since 2010, as new fuel-saving and infotainment technologies coax buyers out of older cars into pricier rides. With gas prices likely to remain low for the foreseeable future, consumers are likely to continue upgrading to higher-margin trucks and SUVs, too. Despite these trends, the potential for a slowing in U.S. auto demand cannot be ignored: The U.S. never had sustained sales above the level of 16.5 million units per year.
Source: The Detroit News
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Ford Closing Last Ex-Visteon Plant, Will Lay Off 257

The last of the employees at Ford Motor Co.'s Automotive Components Holdings will be permanently laid off in December, according to a notice filed with the state. The closure of the climate control systems plant on Sheldon Road in Plymouth will affect 257 employees, including 166 hourly and 91 salaried staffers. The plant is the last of the Automotive Components Holdings businesses to be sold by Ford. According to the Worker Adjustment and Retraining Notification filed with the state Oct. 8, the plan will close between Dec. 8 and 23.
Source: The Detroit News

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Register for Upcoming NADA Webinar: 'OSHA's Repeal of Dealer Recordkeeping Exemptions'

NADA University Online will host the webinar "OSHA's Repeal of Dealer Recordkeeping Exemptions" on Oct. 29 at 1 p.m. ET. The free webinar will discuss how to prepare for upcoming Occupational Safety and Health Administration (OSHA) dealership compliance deadlines; complete the OSHA Form 300 Log and Form 300A; and better understand how to report workplace fatalities, amputations, inpatient hospitalizations, and eye loss to OSHA. The 30-minute webinar will be presented by Dave Schmidt, director, office of statistical analysis, Occupational Safety and Health Administration and moderated by Lauren Bailey, manager of state law and regulatory initiatives for NADA.

For more information and to register, click here.
Source: NADA University Online
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