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Inside this issue
NADA to Issue New-Vehicle Sales Forecast for 2015
Need a Hotel Room at the NADA Convention?
Takata Loses $342 Million as Air Bag Investigation Widens
Delphi Turns Over GM Recall Evidence in Deal with Plaintiffs
Ferrari to Pay Fiat Chrysler $2.8 Billion in Spin-Off
Ford Expanding Ways to Find New Talent, CEO Fields Says
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
NADA to Issue New-Vehicle Sales Forecast for 2015

Ahead of the NADA / J.D. Power Western Automotive Conference in Los Angeles and press days at the Los Angeles Auto Show, NADA Chief Economist Steven Szakaly will provide a new-vehicle sales forecast for 2015 and identify the key economic factors that will shape automotive retailing next year. For 2014, NADA predicted sales of 16.4 million new cars and light trucks, a 5.8 percent increase from last year. Szakaly will also provide a year-in-review for 2014. A Q&A session with members of the media will follow the press briefing. The conference call will be held at 12:30 p.m. EST / 9:30 a.m. PST on Monday, November 17. To register, visit www.nada.org/forecast2015.
Source: NADA Public Affairs
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Need a Hotel Room at the NADA Convention?

Attendee registration for the 2015 NADA Convention & Expo in San Francisco next January is up 16 percent compared to a year ago. As a result, hotel availability in NADA’s block of discounted rooms from Thursday, Jan. 22, to Sunday, Jan. 25, is “extremely” limited.

If you’re still planning to attend the convention and need to book a hotel room, here are a couple of options:

  • After completing registration at www.nadaconvention.org, enter your arrival and departure dates during the hotel selection process. If a room is available, book it. If no rooms are available, click here for another booking option.

  • Make a partial reservation. Hotel rooms for Saturday are currently sold out citywide through NADA’s booking agent, but Thursday and Friday may still be available. Separate reservations for Saturday can be booked directly by checking various hotel websites for availability.

  • Call the Housing and Registration Service Center at 800.974.3084 for assistance at a later date because room availability can often change from cancellations.

The NADA convention will be held at the Moscone Center. Keynote speakers include former Florida Governor Jeb Bush and NADA Chairman Forrest McConnell on Friday, Jan. 23; Jay Leno and NADA Vice Chairman Bill Fox on Saturday, Jan. 24; and inspirational speaker Beck Weathers on Sunday, Jan. 25. Click here for the speaker bios.

Dealers can also meet face-to-face with manufacturer executives at franchise meetings, attend workshops and network with industry colleagues. For more information, visit www.nadaconvention.org.
Source: NADA Convention & Expo

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Takata Loses $342 Million as Air Bag Investigation Widens

Takata, the Japanese air bag supplier at the center of a federal safety investigation of exploding air bags linked to 7.8 million recalled vehicles in the U.S. and four deaths, lost $341.7 million in the six months ended Sept. 30, the company reported [Thursday]. The loss contrasts with a $6.8 million profit in the year earlier period. The company faces a Nov. 24 deadline to produce extensive documents to the National Highway Traffic Safety Administration about when and how it learned that some of its air bags could detonate with excessive force and injure or kill drivers or their passengers. Next Thursday the Senate Commerce Committee will holding a hearing on Takata's air bag recalls as well as the government's recall process.
Source: Detroit Free Press

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Delphi Turns Over GM Recall Evidence in Deal with Plaintiffs

Delphi Automotive agreed to give thousands of documents to lawyers suing General Motors over faulty ignition switches and to let the lawyers speak with its employees in exchange for being dropped as a defendant. Two of the lawyers, Jere Beasley and Lance Cooper, said Delphi officials recently met with them and signed the deal in order to avoid a potentially prolonged discovery process in court. Delphi manufactured the ignition switches at a factory in Mexico, but much of its role in the matter remains unclear beyond emails that GM turned over to congressional investigators.
Source: Automotive News

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Ferrari to Pay Fiat Chrysler $2.8 Billion in Spin-Off

Ferrari will pay Fiat Chrysler $2.8 billion before the luxury sports car maker is spun off into a separate company next year, helping CEO Sergio Marchionne fund an agressive five-year expansion plan

Fiat Chrysler said [Thursday] it expects to receive a payment of $2.8 billion from Ferrari as it spins the luxury brand off into a separate company. That payment will help Fiat Chrysler pay down some of its debt and could be used to fund Fiat Chrysler CEO Sergio Marchionne's aggressive five-year strategic plan. Marchionne's goal is to to dramatically increase the automaker's global sales from 4.4 million in 2013 to 7 million vehicles worldwide in 2018. The company announced its plan to spin off Ferrari into a separate company on Oct. 29 and plans to complete the transaction next year.
Source: Detroit Free Press
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Ford Expanding Ways to Find New Talent, CEO Fields Says

Positive workplace important to retain employees, Fields says at Top Workplace event

Ford has been on a hiring spree that shows no signs of letting up, requiring the automaker to expand the way it approaches recruitment and hiring of employees in a competitive industry, CEO Mark Fields said. Equally important is retaining that talent which makes a positive work culture crucial, Fields said at the Detroit Free Press 2014 Top Workplaces awards breakfast that honored the area's best places to work. Fields was the keynote speaker for the event that attracted almost 500 people. "Creating a great place to work is one of the biggest challenges for us all, regardless of our industry," said Fields who oversees 180,000 employees around the world.
Source: Detroit Free Press

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Quotable
"Ford is hiring at our fastest pace in modern history."

   
-- Ford CEO Mark Fields, discussing how the automaker is expanding the way it approaches the recruitment and hiring of employees, Detroit Free Press, Nov. 12

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