View Mobile Version | View Web Version

SPONSORED BY
 
NADA.org
March 4, 2015 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training

Inside this issue
DOL Changes FMLA Definition of Spouse
U.S. Sales Rise 5.3% as Wintry Weather Takes Toll
Weather Delays VW Shipments as Honda Production Gets Back on Track
Toyota Promotes U.S., Europe Execs in Wide-Reaching Management Shuffle
Fiat Chrysler May Sell Larger Stake in Ferrari IPO
Auto Makers Gear Up to Take On the Challenge From Google and Apple
Honey, We Shrank the SUV and Europe Loves It
Click here for more auto industry news at NADAFrontPage.com. .
Top Stories
DOL Changes FMLA Definition of Spouse

The U.S. Department of Labor (DOL) has revised the definition of spouse under the federal Family and Medical Leave Act (FMLA).  Effective March 27, 2015, an eligible employee seeking to take unpaid, job-protected leave to care for a spouse with a serious health condition (and certain other close family members related by marriage) for exigency leave related to a spouse’s military service, or for military caregiver leave, may claim a legal same-sex, common law, or foreign-celebrated marriage (if potentially valid under any state law).  Validity of the marriage is based on the law of the place of celebration, not the law where the employee resides or the employer is located.  

The new DOL rule seems to suggest that eligible employees seeking FMLA leave need only allege the existence of a spousal relationship and that the employer may not require proof or documentation of such marriage.  Moreover, the employer is presumed to know the marriage laws of all U.S. jurisdictions. 

Dealers should revise their leave policies to accommodate the new definitions, should educate employees about the changes and their potential impact on FMLA leave requests, and to administer the FMLA rules equally with respect to all eligible employees. Additional information on the DOL’s final rule is available here

Questions?  Please contact NADA Regulatory Affairs at 703.821.7040 or regulatoryaffairs@nada.org.
Source: NADA Regulatory Affairs
Share: LinkedIn Twitter Facebook

[back to top]

U.S. Sales Rise 5.3% as Wintry Weather Takes Toll

Toyota, Subaru among rare big gainers; Ford, VW fall

Toyota and Subaru joined a handful of smaller automakers in posting double-digit U.S. sales increases for February as severe winter weather crimped demand more than analysts had forecast. Most companies posted modest gains as the overall industry rose 5.3 percent. While last month’s pace trailed January’s hot start, the industry has taken solid early strides towards its sixth year of sales advances since the recession. The seasonally adjusted annual sales rate of 16.24 million was lower than estimates as recent as late last week, when analysts said record cold and snow in many states had done little to keep consumers away from showrooms.
Source: Automotive News

Related Story:


Share: LinkedIn Twitter Facebook

[back to top]

Weather Delays VW Shipments as Honda Production Gets Back on Track

As Honda production affected by West Coast ports labor disputes returns to normal, Volkswagen’s East Coast shipments have been delayed. Frigid temperatures and heavy snowfall have been slowing operations at the automaker’s Davisville, R.I., port since January, said Mark Boucher, senior manager of port operations and metrics. The slowdown has not affected production at VW’s Chattanooga plant, and the automaker has not gone off-site or shifted vehicles to other ports. Meanwhile, because a tentative agreement has been reached in the labor dispute at the West Coast ports, starting today, all of Honda’s North American operations will be on a full manufacturing schedule, said Chris Abbruzzese, corporate affairs and communications spokesman.
Source: Automotive News
Share: LinkedIn Twitter Facebook

[back to top]

Toyota Promotes U.S., Europe Execs in Wide-Reaching Management Shuffle

Moves continue diversity push at world's largest automaker

Toyota Motor Corp. will elevate U.S. executive Julie Hamp and add Europe boss Didier Leroy to its board in a wide shuffle aiming to inject more diversity into the world’s biggest automaker. The overhaul also consolidates power in North America under regional CEO Jim Lentz, who will also assume oversight of the region’s sprawling manufacturing operations. At the headquarters in Japan, President Akio Toyoda promoted Leroy, currently the carmaker’s CEO for Europe, to executive vice president and appointed him to the board.
Source: Automotive News

Related Story:


Share: LinkedIn Twitter Facebook

[back to top]

Fiat Chrysler May Sell Larger Stake in Ferrari IPO

By boosting the number of shares Fiat Chrysler sells during a Ferrari IPO, the automaker can meet investor demand and raise more capital to fund its five-year plan.

Fiat Chrysler Automobiles CEO Sergio Marchionne said [Tuesday] in Geneva that the automaker may sell more than 10% of Ferrari when it spins off the luxury sports car manufacturer later this year. Marchionne said there is "excessive demand" for Ferrari shares for an initial public offering when he spoke to reporters at the Geneva auto show. "In an ideal world, I would like to limit it to 10% because that is in line with what we announced," Marchionne said at an industry event. "If it turns out that there isn't enough liquidity with that stake, we might have to increase it."
Source: Detroit Free Press
Share: LinkedIn Twitter Facebook

[back to top]

Auto Makers Gear Up to Take On the Challenge From Google and Apple

Industry’s old school moves to introduce technology to rival Silicon-Valley competitors

For those wondering whether old-school auto makers are up to the threat posed by emerging competitors Google Inc. and Apple Inc., look no further than Audi AG ’s R8. On the first day of the Geneva Motor Show, Europe’s annual lovefest for the automobile, German luxury car maker Audi rolled out a souped-up electric sports car called the R8 that demonstrates why auto executives think they can withstand an onslaught by Silicon Valley that threatens to upend the 129-year-old industry.
Source: The Wall Street Journal
Share: LinkedIn Twitter Facebook

[back to top]

Honey, We Shrank the SUV and Europe Loves It

In Europe, SUV now stands for: Shrinking Utility Vehicle.

An array of small sport utility vehicles is going on display this week at the Geneva International Motor Show. Automakers are piling into the segment as one of the best hopes for growth in a still-weak European market. Consumers like the higher seating, easier entry and perceived greater freight-carrying capacity. Auto makers like the fact that they can build an SUV body on the same mechanical platforms and modules they use for compact cars, saving money on development costs. The key in Europe has turned out to be putting the vehicles on platforms originally built for compact or small mid-sized cars.
Source: Associated Press
Share: LinkedIn Twitter Facebook

[back to top]

More Articles
 
Quotable

"The underlying fundamentals supporting growth in 2015 remain solid. In spite of the recent rebound, fuel prices remain low and continue to provide a significant boost to consumer disposable income."

   
-- Yong Yang, Ford's chief economist for the Americas, commenting on February auto sales in the U.S., Automotive News, March 3

Sponsored by


NADA Market Beat
2014 Light-Vehicle Sales Highest Since 2006
Chairman's Message
Commentary: Another NADA Convention for the Ages
Videos

NADA Convention: Jeb Bush


NADA Convention: 2015 TIME Dealer of the Year


Get the Facts: Warranty Work, Safety Recalls and Service


Get the Facts: Local Economic Benefits of the Dealer Franchise System    


Get the Facts: The Benefits of Price Competition  


Get the Facts: Why Dealer Franchise Laws?  


Get the Facts: The Benefits of Franchised Auto Dealers

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

-- March 4: Branding, Content, and Website Presence ROI

-- March 25: Content: Shoppers Are Begging You For It!

NADA Foundation News
University of Portland Receives Grant from the NADA Foundation

ADESA Auction Raises $40,000 for Veterans’ Canine Companions

  
 
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 .