View Web Version

SPONSORED BY
NADA.org
February 8, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
GM Aims SUVs at Shrinking Margin After Record Annual Profit
Ford Reveals New Aluminum-Sided Expedition SUV
Fiat Chrysler Readies Another Hot-Rod SUV as Boom Seen Lasting
Video: GM CFO: 'Couldn't Be More Pleased' with Record-Breaking Earnings Results
Volvo Throws Down the Gauntlet to Luxury Rivals
VW Launches U.S. Electric Vehicle Infrastructure Unit
Study: Consumers Ready to Buy EVs If Product Right
Chicago Auto Show: What's on Tap
Top Stories
GM Aims SUVs at Shrinking Margin After Record Annual Profit

Swelling inventories, rising incentives and a flat U.S. auto market are stoking skepticism General Motors Co. can match or exceed last year’s record results. GM is counting on new versions of the GMC Terrain and Chevrolet Equinox and Traverse sport utility vehicles to help maintain or exceed the $12.5 billion in adjusted earnings before interest and taxes reported Tuesday. Those introductions may be needed to shore up its shrinking North American profit margin, as cars like the Chevrolet Cruze crowd dealer lots. Chief Executive Officer Mary Barra has laid off or dismissed workers making slow-sellers including the Cruze and Camaro sports car to begin the year.
Source: Bloomberg

[back to top]

Ford Reveals New Aluminum-Sided Expedition SUV

Ford Motor Co.'s biggest SUV is dropping some weight. Ford says the 2018 Expedition is 300 pounds lighter than the previous model thanks to a new aluminum body and a high-strength steel frame. It's the second Ford vehicle to get the aluminum treatment, after the F-Series pickup.
Source: The Associated Press

[back to top]

Fiat Chrysler Readies Another Hot-Rod SUV as Boom Seen Lasting

For consumers torn between a sport utility vehicle and a muscle car, Fiat Chrysler Automobiles NV has a new 475-horsepower solution. At this week’s Chicago Auto Show, the automaker will bill the Dodge Durango SRT as the world’s most powerful three-row SUV, with a zero-to-60 miles per hour time of 4.4 seconds. The Durango SRT will join a hot-rod version of the Jeep Grand Cherokee SUV already sold under the Street & Racing Technology line.
Source: Bloomberg

[back to top]

Video: GM CFO: 'Couldn't Be More Pleased' with Record-Breaking Earnings Results

General Motors Chief Financial Officer Chuck Stevens told CNBC on Tuesday that the company "couldn't be more pleased" with its record-breaking earnings report. "[A] solid fourth quarter really capped a great year," Stevens said on "Squawk Box," adding that GM hit "records across the board from a financial performance standpoint."
Source: CNBC

[back to top]

Volvo Throws Down the Gauntlet to Luxury Rivals

Swedish auto maker’s CEO says demand is so high that tight supply could limit sales

Volvo Car Corp., wheezing just a few years ago, is roaring back under its new Chinese management, forecasting record sales and scrambling to meet surging U.S. demand as it challenges German domination of the global premium car market.
Source: The Wall Street Journal (Subscription required.)

[back to top]

VW Launches U.S. Electric Vehicle Infrastructure Unit

Volkswagen Group of America on Tuesday announced a U.S. subsidiary that will manage $2 billion in investments in zero emission vehicle infrastructure and awareness programs over a decade as part of a court settlement over its excess diesel emissions. The world's largest automaker by sales said the unit plans to install more than 500 charging stations nationwide, including more than 300 stations in 15 metro areas, and to develop a high-speed, cross-country network consisting of more than 200 stations.
Source: Reuters

[back to top]

Study: Consumers Ready to Buy EVs If Product Right

Range-anxiety no longer may be the deal-breaker most believe it is when it comes to selling electric vehicles to the masses. Give consumers more options and they will come, concludes McKinsey & Co. A just-released study by the consulting firm, based largely on market research in the U.S., Germany and Norway, suggests a large cross-section of consumers routinely gives purchasing an EV serious consideration until late in the buying process, ultimately opting for a conventionally powered vehicle because they can’t find an EV that precisely meets their needs.
Source: WardsAuto

[back to top]

Chicago Auto Show: What's on Tap

The Chicago Auto Show -- one of the largest in terms of attendance -- has in recent years become a showcase for freshened and special-edition vehicles. Such entries are expected to dominate the headlines again this year. Most of the focus will be on special trim packages and limited-run production models. After a press preview on Thursday, Feb. 9, and Friday, Feb. 10, the show opens to the public on Saturday, Feb. 11.
Source: Automotive News

[back to top]

Past Articles
       
      Quotable
      "[W]hat we find here is between a third and a half of consumers are actually considering electrics when they go into the purchase funnel, which is a lot higher than we ever expected."

          -- Russell Hensley, a partner at McKinsey & Co., commenting on its new study of EV shoppers, WardsAuto, Feb. 8

      Sponsored by

      Automotive Forum -- April 11

       
      MyDealership.org Videos








      NADA Videos

      Introducing NADA Academy Plus

      NADA Webinars
      NADA members can view past webinars on-demand at no charge at NADA University Online. Members must create an NADA account before viewing.
      NADA Chairman's Commentary
      The Year at a Glance: A Final Message From Your 2016 Chairman
      Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
      NADA For more info, visit nada.org. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. This email may contain an advertisement of NADA products and services. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org. To unsubscribe from future editions of NADA Headlines, click here or contact NADA, 8400 Westpark Drive, Tysons, VA 22102.