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May 31, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Signs of a Buy-Sell Slowdown
Are Japanís Automakers Too U.S.-Dependent?
Takata Rules Out Bankruptcy in Seeking Buyer Funding
Recall Battle Shifts to States
VW Goal: 1 Million Electrified Vehicles by 2025
Suzuki Blames Lack of Resources for Using Wrong Mileage Tests
Toyota's Texas Headquarters Begins to Rise
Top Stories
Signs of a Buy-Sell Slowdown

Advisers say luxury is losing some of its luster

Dealership buy-sell activity could plateau this year after several years of strong growth, experts say. "We expect it to be a strong year, but not up significantly from last year," Alan Haig, president of Haig Partners, a dealership buy-sell advisory firm in Fort Lauderdale, Fla., told Automotive News. The slowdown in part reflects publicly owned retailers' opting for stock buybacks over acquisitions, given their low stock prices. Also, buyers' searing lust for luxury brands in recent years finally is cooling.
Source: Automotive News

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Are Japanís Automakers Too U.S.-Dependent?

Automakers seek to rebalance global footprint

Nissan Motor Co. is cashing in on a booming North America. But its huge profits are suddenly a big concern. CEO Carlos Ghosn certainly appreciates all the extra car sales. But they are making Nissan too dependent on the U.S. at a time when demand seems to be plateauing. Nissan, he says, needs to rebalance its global footprint to tap other profit centers. And Nissan is hardly the most lopsided Japanese player when it comes to leaning on America.
Source: Automotive News

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Takata Rules Out Bankruptcy in Seeking Buyer Funding

Takata Corp. has ruled out using bankruptcy as a way of mitigating liabilities from its record air-bag recalls and is instead seeking buyers that could take a controlling stake and carry the company through its safety crisis, a person with knowledge of the restructuring process. Lazard Ltd., Takata’s financial adviser, will meet manufacturers as well as financial firms with the aim to find buyers by the fall, according to the person, who asked not to be named because the discussions are private. Takata’s plan is to remain listed and maintain its core seat-belt, air-bag and steering-wheel businesses, while selling off non-core operations, the person said.Takata spokeswoman Akiko Watanabe declined to comment.
Source: The Detroit News

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Recall Battle Shifts to States

Dealers push for clarity, compensation from manufacturers

In the tug of war between manufacturers and dealers over the burgeoning volume of recalled vehicles, dealers are applying some muscle at the state level. State dealer associations are going to their legislatures seeking -- and getting -- new protections they say dealers need to cope with the burden of unrepaired vehicles on their lots, especially as the Takata airbag recalls expand.
Source: Automotive News

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VW Goal: 1 Million Electrified Vehicles by 2025

Volkswagen Group expects it will have to sell about 1 million battery electric and plug-in hybrid vehicles a year worldwide by 2025 to fulfill increasingly strict carbon dioxide emission limits in major markets. "It's simple -- the CO2 legislation in the various regions will mean every OEM is compelled to offer e-mobility," said Thomas Lieber, VW brand's head of complete vehicle development for electrified cars. The 1 million figure is extrapolated upward to meet CO2 targets that VW Group expects to have in 2025, he said, "for example through draft legislation in China."
Source: Automotive News

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Suzuki Blames Lack of Resources for Using Wrong Mileage Tests

Suzuki Motor Corp on Tuesday blamed a lack of resources for failing to use correct tests in Japan to calculate vehicle mileage, and reiterated its employees did not intend to manipulate fuel economy data for better readings. The company also said its domestic minivehicle sales slumped 18 percent in May from the previous year, likely due to the testing issue which affected 2.14 million vehicles, slightly more than the previously stated 2.10 million. Japanese automakers have been under increased scrutiny for how they calculate mileage after Mitsubishi Motor Corp said it had misrepresented fuel economy readings.
Source: Reuters


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Toyota's Texas Headquarters Begins to Rise

At temporary offices, workers put chairs and tables to the test

The glass is up on two buildings at Toyota's half-built North American corporate campus. One parking structure is about to come online, and a new crew of builders soon will move inside the structures to prepare them for the thousands of workers moving in next year. In temporary offices nearby, four brands of office furniture are being tested by employees who have set up shop, with balloons flying over desktops announcing new arrivals ready for onboarding. Toyota's Plano plot is beginning to look like a world-class corporate campus as it emerges from the dusty construction site just north of Dallas in anticipation of a migration of employees from the old headquarters in Southern California and from offices in Kentucky and New York.
Source: Automotive News

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          "We expect it to be a strong year, but not up significantly from last year."

              -- Alan Haig, president of Haig Partners, commenting on dealership buy-sell activity in 2016, Automotive News, May 30

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