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February 6, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
FCA's Plan to Add Stores Riles Dealers
Cadillac Retailers in Wait-and-See Over Pinnacle Changes
Toyota Braces for U.S. Trade Tension, Raises Profit Forecast
Keith Crain: NADA Looks Ready for Next Century
Toyota, Suzuki Partnership Makes Sense, Analysts Say
Penske Turns Driver into a Dealer
Registration Now Open for the 2017 Automotive Forum in NYC on April 11
Top Stories
FCA's Plan to Add Stores Riles Dealers

Expansion plans defy advice of location consultants

Fiat Chrysler's plan to add about 380 dealerships to its U.S. network of around 2,500 stores has run into opposition from dealers who say the move is a threat to their existing businesses. Some have complained to state authorities, two citing a proposed FCA store in the New Orleans suburb of Kenner, La., that would be built on a vacant lot hemmed in by a massive swamp on one side and Lake Pontchartrain on another. The problem, local dealers say, is that three existing FCA stores are situated near the accessible sides of the planned Lakeshore of Kenner dealership. One is less than 5 miles away.
Source: Automotive News

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Cadillac Retailers in Wait-and-See Over Pinnacle Changes

Cadillac's dealer council hasn't decided yet whether to endorse Project Pinnacle, brand chief Johan de Nysschen's overhaul of the standards retailers must meet and the way they are paid. That's because council members, along with the rest of Cadillac's dealer body, still are waiting to see the final product before it takes effect April 1. The latest changes, announced at the NADA convention, include opportunities for dealers to earn partial bonuses for coming close to their monthly sales targets, plans to make some payments sooner and the relaxing of some standards. Cadillac also said it has created an appeals process for dealers who are ruled to be short of brand standards.
Source: Automotive News

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Toyota Braces for U.S. Trade Tension, Raises Profit Forecast

Toyota Motor Corp. raised its full-year forecasts -- albeit falling short of analysts’ estimates -- as the carmaker sought to navigate rising protectionism under U.S. President Donald Trump and as the yen’s volatility weighed on prospects for exports of its Prius and Lexus models. Toyota exports more vehicles to the U.S. than its two largest Japanese peers, Nissan Motor Co. and Honda Motor Co.
Source: Bloomberg

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Keith Crain: NADA Looks Ready for Next Century

The National Automobile Dealers Association celebrated its 100th anniversary with a rousing convention and a party that will be remembered for a long time. But for me, the most striking part of the convention was the large number of vendors offering digital or electronic services to dealerships.
Source: Automotive News

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Toyota, Suzuki Partnership Makes Sense, Analysts Say

Rival Japanese automakers Toyota and Suzuki have initiated formal talks on a wide-ranging strategic partnership, and analysts are welcoming an alliance. Executives at the carmakers are exploring the possibility of cooperation in areas such as shared procurement, environmental and safety technologies and in IT.
Source: CNBC

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Penske Turns Driver into a Dealer

Roger Penske and Helio Castroneves have teamed up beyond racing. Penske, the chairman of Penske Automotive Group, and Castroneves, the three-time Indianapolis 500 winner, are co-owners of the New Holland Auto Group in New Holland, Pa. Penske's nephew, Geoff Penske, persuaded Castroneves to become a car dealer last year when they bought the group. "There are only so many opportunities in life and when you have Roger Penske and Geoff on board, well, I am still learning, but I have a lot of respect for car dealers," Castroneves told Automotive News Editor-in-Chief Keith Crain at the NADA convention's closing general session.
Source: Automotive News

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2017 Automotive Forum
Registration Now Open for the 2017 Automotive Forum in NYC on April 11

Forum attendees get exclusive access to the New York International Auto Show during press days.

NEW YORK – Toyota’s Bob Carter, AutoNation’s Mike Jackson and IHS’ Nariman Behravesh are among several industry leaders who have joined the speaker lineup at the 2017 Automotive Forum, which will be held in New York City on Tuesday, April 11.

Carter

Jackson

Behravesh

The full-day forum, Automotive 3.0 – Navigating through Changing Times, is hosted by NADA, J.D. Power and the New York International Auto Show. It will be held at the Grand Hyatt New York.

Registration is now open. The early bird discount rate ends February 28. For the full agenda or to register, visit www.autoforumny.com.
Source: NADA

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Past Articles
       
      Quotable
      "It's difficult to give any impact forecast from Trump’s administration at this point. Toyota will cooperate with its group as it watches the moves from Trump’s administration."

          -- Tetsuya Otake, a Toyota managing officer, said in a briefing in Tokyo on Monday, Bloomberg, Feb. 6

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