View Web Version

SPONSORED BY
 
NADA.org
November 2, 2015 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Nissan Raises Full-Year Profit Forecast to Record $4.4 Billion
In Changing Times, Honda's Hachigo Says He's Open to Partnerships
GM's 'Told Ya So' Small Pickups
Mitsubishi Plans to Add Small Crossover in U.S.
Audi's Third-Quarter Profitability Drops as Recall Costs Loom
Dealers Group Helps Clear the Air, Train Techs
Top Stories
Nissan Raises Full-Year Profit Forecast to Record $4.4 Billion

Auto maker bullish because of solid sales in the U.S. despite some emerging-market declines

Nissan Motor Co. said Monday that solid U.S. sales would offset any slowdown in emerging markets, including China, and underlined the point by raising its full-year profit forecast to a record level. Nissan lifted its net profit outlook for the year through March 2016 by 10%, to 535 billion yen ($4.4 billion), a 17% increase from a year earlier. Sales are running at the fastest pace in 15 years in the U.S., but they have slowed in China, the world’s biggest auto market, after the stock market plunged. In many other emerging countries, where demand has already been weak, an expected interest-rate increase by the U.S. Federal Reserve is casting a further shadow.
Source: The Wall Street Journal

Related Story:


Share: LinkedIn Twitter Facebook

[back to top]

In Changing Times, Honda's Hachigo Says He's Open to Partnerships

Honda Motor Co. is famed for its fierce independence. But CEO Takahiro Hachigo, who took office in June, is more willing to join hands with rivals and is charting the new course for good reason. Costs for new environmental and safety technologies are skyrocketing. And Hachigo has sworn off chasing the high sales volumes that could help offset such r&d spending. The shift in attitudes begins with an unlikely ally in General Motors, which is partnering with Honda on fuel cell technology for 2020. But Honda is also open to collaborating with Google, Apple or even other Japanese automakers, if it's a win-win.
Source: Automotive News
Share: LinkedIn Twitter Facebook

[back to top]

GM's 'Told Ya So' Small Pickups

Sales are conquested, not cannibalized

Two years ago, General Motors' Mark Reuss relaxed on a lounge seat at the Los Angeles Auto Show, a few yards away from the new Chevrolet Colorado pickup that he'd unveiled hours earlier. Reuss chuckled when asked about GM's gamble on smaller pickups, a category Ford and Ram had left for dead. Could he recall a time when one of the Detroit 3's pickup strategies had diverged so sharply from rivals'? "No. It's wild," Reuss said, beaming. "This is going to be exciting to watch." Now, one year after the Colorado and sibling GMC Canyon hit U.S. showrooms, Reuss has 95,000 more reasons to smile.
Source: Automotive News

Related Story:


Share: LinkedIn Twitter Facebook

[back to top]

Mitsubishi Plans to Add Small Crossover in U.S.

CEO predicts double-digit 2016 sales growth

Mitsubishi Motors Corp., aiming to continue its double-digit sales growth in the U.S., plans to add a five-seat small crossover/SUV to its lineup. The offering will slot between the midsize Outlander and compact Outlander Sport crossovers, Mitsubishi CEO Osamu Masuko said in an interview ahead of the Tokyo Motor Show. The new entry will begin production in autumn 2017, with the U.S. and Europe as its main markets, he said.
Source: Automotive News
Share: LinkedIn Twitter Facebook

[back to top]

Audi's Third-Quarter Profitability Drops as Recall Costs Loom

Audi’s third-quarter profit margin scraped the bottom of its target corridor, increasing the pressure on the brand to boost earnings as a costly recall of rigged diesel engines looms. Operating profit narrowed to 8 percent of sales from 9.2 percent in the second quarter, the Ingolstadt, Germany-based luxury unit of Volkswagen AG said Monday. That’s significantly less than Mercedes, which reaped a 10.5 percent profit margin in the third quarter, and marks the lower limit of Audi’s target of 8 percent to 10 percent.
Source: Bloomberg
Share: LinkedIn Twitter Facebook

[back to top]

Dealers Group Helps Clear the Air, Train Techs

The Colorado Automobile Dealers Association has created an innovative way to get some of the worst polluting vehicles off the roads -- and fund scholarships for service technician training at the same time. The association's nonprofit Clear the Air Foundation accepts donations of old, air-polluting vehicles from dealers and consumers. It then sells the vehicles to scrappers and uses the proceeds to fund the scholarships. As of early October, 1,758 cars and trucks had been recycled and the foundation -- which was created in 2007 and began accepting vehicles in March 2011 -- had approved 20 scholarships of $2,500 each. Nine of those scholarships have been awarded, said George Billings, Clear the Air Foundation's director.
Source: Automotive News
Share: LinkedIn Twitter Facebook

[back to top]

More Article
 
Quotable
"The SUV market is growing, and we're enjoying good business at the moment."

   -- Mitsubishi CEO Osamu Masuko, on the automaker's plan to add a small crossover to its U.S. lineup, Automotive News, Nov. 2

Sponsored by

Chairman's Message
Commentary: Grassroots Advocacy – Getting Involved Makes a Difference
Videos

Register Today for the 2016 NADA Convention in Las Vegas


Dealer Financing Benefits Car Buyers


NADA University Online: The Next Generation 
  


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. 4: Big Data - Big Future

Nov. 18: A Hot Market – Dealership Mergers and Acquisitions

NADA members can view past webinars on-demand at no charge at NADA University Online. Member must create NADA account before viewing.

NADA Foundation News
NADA Foundation Presents Grants to Wesley College

NADA Foundation Presents Grants to Wheeling Jesuit University

 
 
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 .