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Inside this issue
Space Limited for Upcoming NADA/J.D. Power Automotive Forum in NYC
Buffett, Soros Increase General Motors Stake
U.S. Judge Says He Could Narrow GM's Bankruptcy Defense in Recall Cases
Ford Hires John Casesa as Head of Global Strategy
North American Light-Vehicle Production Hits 12-Year High in January
Auto Makers Fall Behind in Anti-Hacking Efforts, Executives in Several Industries Say
Museum Holds Treasure Trove of Automotive History
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
Space Limited for Upcoming NADA/J.D. Power Automotive Forum in NYC

Industry speakers include NADA’s Bill Fox, J.D. Power’s John Humphrey, Cadillac’s Johan de Nysschen, Subaru’s Tom Doll, Nissan’s Fred Diaz, Lexus’ Mark Templin and IHS’ Nariman Behravesh and others.

The NADA/J.D. Power Automotive Forum, which will be held next month in New York City, includes a fireside chat with Warren Buffett, chairman and CEO of Berkshire Hathaway, and Larry Van Tuyl, CEO of the Van Tuyl Group. The panel session will be moderated by Becky Quick, co-anchor of CNBC’s “Squawk Box.”



Berkshire Hathaway announced last October that it will acquire the dealership group. It's the nation’s largest privately-owned auto dealership group, which ranks fifth among all U.S. auto dealership groups. The new company will be named Berkshire Hathaway Automotive.

The 6th annual Automotive Forum, hosted by the New York International Auto Show, will be held on Tuesday, March 31, at the Grand Hyatt. The full-day event provides insight into the global auto industry from several perspectives—retailing, manufacturing, economic, marketing and technology.

Other speakers include NADA’s Bill Fox and Peter Welch, J.D. Power’s John Humphrey, Cadillac’s Johan de Nysschen, Subaru’s Tom Doll, Nissan’s Fred Diaz, Lexus’ Mark Templin and IHS’ Nariman Behravesh and many others.

The Automotive Forum precedes press days at the auto show, which provides excitement and anticipation of what car buyers expect to see and what dealers expect to sell today and in the future. For more information and updates, click here
Source: NADA

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Buffett, Soros Increase General Motors Stake

Billionaire investors Warren Buffett and George Soros both boosted their stakes in General Motors Co. as the auto maker contends with pressure from Wall Street on how it will reward its shareholders in the future. Mr. Buffett’s Berkshire Hathaway Inc. increased its holdings in GM during the fourth quarter by 1 million shares to 41 million, according to a federal filing Tuesday. Soros Fund Management, meanwhile, boosted its GM position during the fourth quarter by 728,938 shares to 4.9 million. The fund makes investments for Mr. Soros and his family.
Source: The Wall Street Journal

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U.S. Judge Says He Could Narrow GM's Bankruptcy Defense in Recall Cases

A federal judge said if General Motors is found to have violated car owners' constitutional rights by hiding ignition-switch defects during its bankruptcy, he would consider narrowing the legal protections afforded the company under its 2009 bankruptcy sale. Judge Robert Gerber, at a hearing [Tuesday] in U.S. Bankruptcy Court in Manhattan, provided his views for the first time on a fight between GM and plaintiffs who demand billions of dollars for the loss of car value stemming from last year's massive recall.
Source: Reuters
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Ford Hires John Casesa as Head of Global Strategy

Ford Motor Co. on Tuesday said John Casesa, a former auto analyst and investment banker, will fill a newly-created position of vice president of global strategy. Casesa will report directly to CEO Mark Fields as the most senior leader and corporate officer overseeing global strategy and business development and will lead a team "focused on enhancing existing business strategies and identifying and evaluating new opportunities for profitable growth," Ford said. He will start March 1.
Source: The Detroit News

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North American Light-Vehicle Production Hits 12-Year High in January

North American automakers built 1,326,636 light vehicles in January 2015, rising 2.7% above 2014 to a 12-year high for the month. Several manufacturers recorded best-ever January results. Subaru posted a 16.7% gain to 26,814 units. Honda built 157,642 light vehicles, up 8.8%. Toyota boosted production 15.9% to 159,837 vehicles. Ford’s LV production dipped 12.1% to 194,579 units.
Source: WardsAuto
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Auto Makers Fall Behind in Anti-Hacking Efforts, Executives in Several Industries Say

Auto makers are behind in efforts to protect vehicles from hackers and need to start filling their ranks with more savvy software engineers to guard against cyberattacks and misuse of customers’ personal information, executives from several industries said Tuesday. Car companies are “quite a few years behind” other industries in developing security standards as their vehicles increasingly employ wireless technologies and tap into roadside infrastructure such as stoplights, said Brett Hillhouse, an International Business Machines Corp. executive who’s worked with auto makers and large parts suppliers on software and data systems, during a panel discussion in Livonia, Mich.
Source: The Wall Street Journal
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Museum Holds Treasure Trove of Automotive History

Behind the brick walls of a nondescript building in Chesterfield Township [Mich.], a treasure trove of automotive history awaits. Shiny cars in candy-colored shades of reds, blues, greens and yellows sit side by side, row after row inside this oversized garage. Some date back more than 100 years. For a just few hours each week, the public gets a glimpse inside the 45,000-square-foot building that's home to 91 cars, including a sought-after Tucker Torpedo, one of only 51 ever made.
Source: Detroit Free Press
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Quotable

"John knows business and the auto industry inside and out. His deep experience and relationships will help guide and shape our global strategies — particularly as we challenge today's business model and push to innovate to make us even stronger tomorrow."

   
-- Ford CEO Mark Fields, commenting on the recent hire of John Casesa as vice president of global strategy, The Detroit News, Feb. 18

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