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Inside this issue
Video: Mercedes, VW and Hyundai CEOs to Headline NADA/J.D. Power Conference in Los Angeles on Nov. 15
VW Chairman Poetsch Engulfed in Diesel Crisis as Probe Widens
GM Calls Bullish 4Q Output, Inventory Appropriate
Toyota Looks to Electric Cars as Stronger Yen Dents Profits
Survey: Republicans Prefer Pickups, Democrats Want SUVs
Motor Trend Picks Car, Truck, SUV of the Year Finalists
Top Stories
Video: Mercedes, VW and Hyundai CEOs to Headline NADA/J.D. Power Conference in Los Angeles on Nov. 15

The focus of the global automotive industry and news media moves to Los Angeles when NADA and J.D. Power kick off week-long auto show events beginning with AutoConference LA on Tuesday, November 15.



The half-day conference, held at The L.A. Hotel Downtown, includes industry speakers and panelists Dietmar Exler, president and CEO of Mercedes-Benz USA; Hinrich Woebcken, CEO of Volkswagen’s North American operations; and David Zuchowski, president and CEO of Hyundai Motor America, and many others.

Held on the eve of press days at the Los Angeles auto show, Auto Conference LA opens with registration at 11 a.m. and concludes with a networking reception from 5 p.m. to 7 p.m. For the complete agenda or to register, visit www.autoconferencela.com.
Source: NADA

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VW Chairman Poetsch Engulfed in Diesel Crisis as Probe Widens

Volkswagen AG Chairman Hans Dieter Poetsch has survived internal purges and scandals for more than a decade at the German carmaker. Now his position at the top of the manufacturer is coming under strain as he becomes directly enmeshed in the diesel-emissions scandal for the first time. German prosecutors said they had enough evidence to name Poetsch as the third suspect in a probe into whether Volkswagen was too slow to inform the market about the cheating. The automaker stood by the executive, who was chief financial officer when the crisis unfolded, saying that management complied with German law and that Poetsch will continue to cooperate with the investigation, while the families controlling Volkswagen said they continue to back Poetsch.
Source: Bloomberg

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GM Calls Bullish 4Q Output, Inventory Appropriate

Light-vehicle inventories of major U.S. automakers hit a record high in October as industry sales have crested, prompting production cuts at many key players except for General Motors. The Detroit automaker is on track to build 13.9% more cars and trucks in the fourth quarter than it did in the same period last year, and executives insist company planners are not overly bullish. GM will build an estimated 941,000 units in the October-December period, compared with 826,500 year-ago, according to WardsAuto data. “Our inventory level is appropriate, given our dealer footprint,” says GM Chief Financial Officer Chuck Stevens.
Source: WardsAuto

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Toyota Looks to Electric Cars as Stronger Yen Dents Profits

The shift by American car buyers toward trucks and sport-utility vehicles has hit earnings

Toyota Motor Corp. gave a strong signal Tuesday that it soon plans to jump on the battery bandwagon and make electric cars despite expressing skeptical views about their range and charging times. News of Toyota’s technology shift came as its latest results, released Tuesday, showed the company’s profits were eroded by a stronger yen and the shift by American car buyers toward trucks and sport-utility vehicles. Toyota’s strategy is getting buffeted by market trends in the U.S., where sales of its eco-friendly flagship Prius hybrid are tanking as cheap gas encourages U.S. consumers to reject gas-electric hybrids.
Source: The Wall Street Journal

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Survey: Republicans Prefer Pickups, Democrats Want SUVs

Americans are divided by more than politics. It isn't just candidates that set them apart, but their choice of vehicles. Two companies have shared research on how Americans’ political affiliation corresponds to how they feel about what they drive. Strategic Vision, which rates vehicle satisfaction, collated information from more than 170,000 vehicle buyers with political affiliation.
Source: Detroit Free Press

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Motor Trend Picks Car, Truck, SUV of the Year Finalists

Motor Trend magazine has announced finalists for its car, truck and SUV of the year as automotive awards season heats up.The finalists for car of the year lean heavily on luxury brands, with a couple of mass-market competitors. Motor Trend will present its awards in Los Angeles Nov. 14.
Source: Detroit Free Press

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Past Articles
       
      Quotable
      "Though electric vehicles have many issues such as its range, and the length of recharging time and battery performance ... we would like to get ourselves ready to commercialize them."

          -- Takahiko Ijichi, Toyota’s executive vice president, The Wall Street Journal, Nov. 8

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