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Inside this issue
NADA Releases New Video on the Economic Benefits of Local Dealers
Toyota Says Automakers Agree to Hire Outside Air-Bag Test Firm
GM Replaces Ignition Keys on New Trucks
Alcoa Targets Auto Industry With New Aluminum Process
Fiat Chrysler Selling 87 Million Shares of Stock
Aston Martin and James Bond Do It Again
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
NADA Releases New Video on the Economic Benefits of Local Dealers

America’s new-car and -truck dealers are the economic backbone of Main Street—providing price competition and well-paying local jobs and building strong communities, says the National Automobile Dealers Association in a new animated video released today as part of its “Get The Facts” initiative.

“Dealers provide more than 1 million jobs nationwide in sales, servicing and management … that average $53,000 per year plus benefits and with room for advancement,” NADA says. “Dealers drive job creation in other businesses as well—from local broadcasting to construction to finance. Adding these jobs and related fields, local dealers are responsible for another million jobs nationwide.”

“Dealers also generate more than 15 percent of state and local taxes nationwide … and pay billions in property, sales and income taxes that fund local schools, police and fire departments,” adds NADA. “These local dealers compete on pricing and financing, and provide extra accountability on warranty and recall issues too—benefiting consumers and local communities everywhere.”

NADA’s “Get The Facts” initiative is designed to inform policymakers, opinion leaders and the media about the numerous benefits of the dealer franchise network through a variety of multimedia resources and videos available at www.nada.org/GetTheFacts.
Source: NADA Public Affairs
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Toyota Says Automakers Agree to Hire Outside Air-Bag Test Firm

Toyota Motor Corp., which is among several automakers recalling vehicles with faulty air bags made by Takata Corp., said other carmakers are embracing its call for an independent evaluation of inflators in the safety systems. Toyota this week had suggested that the companies affected by the recall should hire an independent engineering firm to test the air-bag inflators subject to the recall of at least 8 million vehicles. “It sounds like we’re all in on the idea of hiring our own independent testing firm,” Bob Carter, senior vice president at Toyota’s U.S. operations, said yesterday in an interview in Detroit. The National Highway Traffic Safety Administration has said that air-bag inflators may malfunction if exposed to consistently high humidity, causing the devices to deploy with too much force, breaking apart metal pieces and striking passengers.
Source: Bloomberg

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GM Replaces Ignition Keys on New Trucks

General Motors is replacing ignition keys in its newest trucks because it's possible for the gearshift lever to bump the key out of position. The move isn't a recall, though, so GM doesn't provide a number of vehicles affected. Instead, the issue is outlined in a TSB, or technical service bulletin, that went to dealers last month. Still, any mention of GM and ignition switches or keys stirs memories of the millions of cars and trucks GM recalled earlier this year to replaced potentially deadly switch defects.
Source: Detroit Free Press
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Alcoa Targets Auto Industry With New Aluminum Process

New way of making aluminum sheet aimed at car makers looking to make lighter vehicles

Alcoa Inc. said on Thursday it has developed a new way of making aluminum sheet for the auto industry, the latest big-ticket investment by a metals supplier as car makers look to meet tough new fuel-efficiency standards with lighter vehicles. New York-based Alcoa, the world’s biggest aluminum producer by volume, fellow aluminum maker Novelis Inc., and steelmakers ArcelorMittal and U.S. Steel Corp. have invested billions of dollars in the U.S. this decade in new auto-related technologies, plants and facilities.
Source: The Wall Street Journal
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Fiat Chrysler Selling 87 Million Shares of Stock

Fiat Chrysler Automobiles said Thursday it has launched a public offering of 87 million shares of common stock as the automaker works to raise capital to help it with an ambitious five-year strategic plan. The public offering of shares will give both institutions and independent investors the opportunity to buy a share of stock in the automaker.
Source: Detroit Free Press
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Aston Martin and James Bond Do It Again

Aston Martin may be a small company, but since a silver DB5 with ejector seat and front-mounted machine guns appeared in “Goldfinger” in 1964, it has tacit ownership of one of the most enduring marketing platforms ever, the James Bond film franchise. In 2012′s beautifully crafted five-act play, “Skyfall,” James Bond dumped M’s Jaguar XJ in favor of his trusty DB5 to “get off the grid,” and lure his enemy to the Bond family’s abandoned Highland estate for a fantastic gun battle. Next fall, James Bond will once again drive an Aston Martin, in this case a haute couture design study developed specifically for the upcoming film, “Spectre.”
Source: Forbes
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Quotable

"Dealers drive job creation in other businesses as well—from local broadcasting to construction to finance. Adding these jobs and related fields, local dealers are responsible for another million jobs nationwide."

   
-- NADA says in its new video on the economic benefits of dealers, NADAFrontPage.com, Dec. 5

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