View Mobile Version | View Web Version

SPONSORED BY
 
NADA.org
November 10, 2014 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Inside this issue
Senators Urge Criminal Probe into Takata Air Bags
2015 Fuel Economy Guide Now Available
GM Ordered New Switches Long Before Recall
VW Boosts Profits at Faster Rate than Sales Growth
'Duck Dynasty' Willie Robertson Talks Trucks
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Senators Urge Criminal Probe into Takata Air Bags

Three senators asked the Justice Department on Friday to investigate a report that Japanese air bag manufacturer Takata destroyed evidence and data from test results in 2004 that showed steel inflators cracked in two of the 50 air bags tested — a condition that can lead to air bag failure. Federal investigators asked former employees to come forward. U.S. Sens Richard Blumenthal, D-Conn., and Ed Markey, D-Mass., on Friday called on the U.S. Department of Justice to open a criminal investigation of Takata after The New York Times reported that in 2004, the Japanese company destroyed air bags and data from test results that had raised concerns with engineers.
Source: The New York Times

Related Stories:


Share: LinkedIn Twitter Facebook

[back to top]

2015 Fuel Economy Guide Now Available

By law, dealers must provide the guide upon request

The U.S. Department of Energy and the Environmental Protection Agency have just released their 2015 Fuel Economy Guide. The guide provides detailed fuel economy numbers for MY 2015 light-duty vehicles, along with estimated annual fuel costs and other information for prospective purchasers. Dealers must display a copy of the guide and provide copies to customers upon request.

You can order hard copies of the guide here or use the attached form to order copies by mail. If ordered, hard copies will be mailed, free of charge, this month.

Click here for an EPA/DOE letter detailing how to make the guide available to customers.
Source: NADA Regulatory Affairs
Share: LinkedIn Twitter Facebook

[back to top]

GM Ordered New Switches Long Before Recall

Emails show auto maker placed urgent order for 500,000 replacement switches in December 2013

General Motors Co. ordered a half-million replacement ignition switches to fix Chevrolet Cobalts and other small cars almost two months before it alerted federal safety regulators to the problem, according to emails viewed by The Wall Street Journal. The parts order, not publicly disclosed by GM, and its timing are sure to give fodder to lawyers suing GM and looking to poke holes in a timetable the auto maker gave for its recall of 2.5 million vehicles. The recall concerns a switch issue that is now linked to 30 deaths and has led to heavy criticism of the auto giant's culture and the launch of a Justice Department investigation.
Source: The Wall Street Journal
Share: LinkedIn Twitter Facebook

[back to top]

VW Boosts Profits at Faster Rate than Sales Growth

Volkswagen, Europe's biggest selling car manufacturer, has been criticized for neglecting profits in its dash to increase sales, but its latest financial results pleased investors because profits grew faster than revenues. VW owns the luxury Lamborghini and Bentley brands, and upmarket Audi and Porsche, which all have made huge profits. But it has struggled to make much money from its own namesake brand, and its other down-market subsidiaries Skoda and SEAT. Skodas and SEATs, which produce their own versions of the VW range, aren't available in the U.S. In the third quarter, VW earnings before interest and tax (EBIT) rose 16 percent to 3.23 billion euros ($4.0 billion) compared with the same period last year, outpacing the four percent rate of sales growth.
Source: The Detroit News
Share: LinkedIn Twitter Facebook

[back to top]

'Duck Dynasty' Willie Robertson Talks Trucks

Willie Robertson isn't really known as a car guy, but that didn't stop the Duck Dynasty star from venturing out to Sin City for the big auto parts trade show. Actually, he says he's a truck guy. And for good reason: He came out to promote a "Duck Commander" line of trucks.
Source: USA Today
Share: LinkedIn Twitter Facebook

[back to top]

More Articles
 
Quotable
"[Takata] takes very seriously the accusations made ... and we are cooperating and participating fully with the government investigation now underway."

   
-- Alby Berman, spokesperson for Takata, commenting on the recent air bag recall, The Detroit News, Nov. 7

Sponsored by


NADA Market Beat
October Monthly Sales Up 6% Over Last Year




Chairman's Message
Urge Congress to Rescind Flawed CFPB ‘Guidance’ on Auto Finance
Videos

The Benefits of Price Competition


Mazda Values Dealer Input  


Get the Facts: Why Dealer Franchise Laws?  


Fox News: NADA Study Says Federal Regs on Dealers Cost the Economy More Than $10 Billion


Get the Facts: The Benefits of Franchised Auto Dealers

Sponsored by

NADA Webinars
All webinars will be held at 1 p.m. ET unless otherwise noted.

-- Nov. 12: Drive Profits Using LEDs to Light Your Dealership

-- Dec. 3: Tales from the Other Side: A Regulator Speaks

-- Dec. 10: Total View of Customer Insights Drive Showroom Sales

NADA Foundation News
Bradshaw and Family Support Local Organizations through the NADA Charitable Foundation

 
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 .