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July 28, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Aviation Experts Urge Caution on Releasing Self-Driving Cars
GM, Aiming for Strong 2016 Finish, to Hike Truck Output
Ford's 2Q Earnings Fall 9 Percent to $2 Billion
Profits Climb As Fiat Chrysler Fends Off Legal Inquiries Over Sales Reporting
Toyota Lags Behind VW in Global Sales as Prius Stumbles in U.S.
Chevy Bolt EV to Ship to Dealers in Fourth Quarter
Register for the NADA Convention by September 9 and Save $100
Top Stories
Aviation Experts Urge Caution on Releasing Self-Driving Cars

Dangers cited in rushing new technologies to market without proper training

Aviation-safety experts have advice for the car industry as it moves to autonomous-driving vehicles: Proceed slowly and make sure drivers realize the limits of the technology. As airline pilots became increasingly reliant on automation over the years, the focus shifted to simplified cockpit displays and enhanced crew training. Many high-end cars now offer sophisticated cruise-control and collision-avoidance systems that can maneuver in traffic and on highways without driver commands. From automatic braking to steering assist, manufacturers rely on them as marketing tools. But several accidents involving Tesla Motors Inc. cars with such technology, including a fatal accident in Florida, have federal highway-safety regulators investigating the company’s onboard automation. Some aviation safety experts warn that existing automotive controls shouldn’t be considered mature autopilot systems.
Source: The Wall Street Journal

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GM, Aiming for Strong 2016 Finish, to Hike Truck Output

Batey cites tight inventories, strong momentum for pickups, SUVs

General Motors will boost production of pickups and SUVs in time for the traditionally brisk fall truck market, a top GM executive said [Wednesday]. GM North America President Alan Batey said the automaker has been scrambling to make enough Chevrolet Silverados and GMC Sierras, and acknowledged that the tight supplies have probably cost GM some sales. “We wish we had a little bit more inventory right now,” Batey told reporters during a roundtable interview. “We’ve got a slightly better production plan in the second half than the first half.”
Source: Automotive News

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Ford's 2Q Earnings Fall 9 Percent to $2 Billion

Ford Motor Co. on Thursday reported second-quarter earnings of $2 billion, down 9 percent from the same period a year ago. “While we’re still having a strong quarter ... it is not what (analysts) had expected,” Chief Financial Officer Bob Shanks said. Shanks said Ford expects to have a “very weak” third quarter because of a changeover for the new aluminum Super Duty, and expects a weaker second half overall. It said its full-year guidance of “as good or better” than the $10.8 billion it made last year is “at risk,” but they still expect to reach that goal.
Source: The Detroit News

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Profits Climb As Fiat Chrysler Fends Off Legal Inquiries Over Sales Reporting

Fiat Chrysler Automobiles reported a healthy bump in second-quarter earnings and raised its profit forecast, but its stock is not responding as the company has admitted to sloppy sales reporting and its CEO continues to flirt with vague pronouncements about possible alliance partners. FCA reported net profit was $321 million euros ($352 million), up 25% from a year earlier.
Source: Forbes.com

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Toyota Lags Behind VW in Global Sales as Prius Stumbles in U.S.

Toyota Motor Corp. lagged behind Volkswagen AG by global deliveries in the first half of the year, as demand for the newly redesigned Prius hybrid slumped in a U.S. market dominated by trucks and sport utility vehicles. Despite introducing a new-look sedan model featuring improved mileage and a higher-tech interior, U.S. deliveries of Toyota’s Prius hybrid line plunged 25 percent in the first half of the year. That held Toyota back from regaining its global sales lead after suffering a series of production disruptions in the first quarter. Volkswagen is threatening Toyota’s four-year reign as the world’s largest automaker even as it deals with the rising price tag for having installed cheating software in about 11 million vehicles worldwide.
Source: Bloomberg

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Chevy Bolt EV to Ship to Dealers in Fourth Quarter

The 2017 Chevrolet Bolt EV, a pure-electric vehicle with a 200-mile-plus range, will begin shipping to dealers in the fourth quarter, General Motors Co. North America President Alan Batey said Wednesday. Batey told reporters that the car — expected to be priced around $30,000 after a federal tax rebate — will sell below the average sales price of a vehicle sold in the U.S. The Bolt EV will be out well before the Tesla Model 3, which Batey said gives them an opportunity for some 18 months of real world experience over the rival. The Tesla Model 3 is slated to go on sale around the end of next year for about $35,000. Earlier this year, some 300,000 people put down $1,000 deposits for the Model 3.
Source: The Detroit News

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Register for the NADA Convention by September 9 and Save $100

The discounted registration rate for NADA members and managers includes admission to NADA 100 Carnival.

Online registration and hotel selection for the 2017 NADA Convention and Expo in New Orleans is now open. NADA members and their managers who register by September 9 will receive a $100 discount.



NADA, founded in 1917, will kick off yearlong events commemorating its 100-year anniversary with NADA 100 Carnival in New Orleans. The exclusive event for NADA members, international affiliates and guests will be held at Mardi Gras World on Thursday, January 26. The Carnival will feature cuisine from top New Orleans restaurants, as well as musical entertainment from Foreigner, Cowboy Mouth and jazz favorites. The NADA member and manager registration fee includes admission to the NADA 100 Carnival.

Convention speakers include comedian Jim Gaffigan, NADA Chairman Jeff Carlson, inspirational speaker Amy Purdy and NADA Vice Chairman Mark Scarpelli. A fifth speaker will be announced in the coming weeks. The four-day NADA Convention, which runs from January 26 to 29, includes dealer franchise meetings, workshops, an exhibitor showcase and numerous networking events. Click here to register.
Source: NADA

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Past Articles
 
Quotable

"It's quite ridiculous we would give somebody such a complex vehicle without training." It is a mistake "to assume that the general public is going to be able to jump in and understand what [the] limitations are."

    -- Former commercial pilot Shawn Pruchnicki, who teaches air safety at Ohio State University, applying the lessons learned in aviation to autonomous-driving cars, The Wall Street Journal, July 27 

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