View Web Version

SPONSORED BY
NADA.org
June 5, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Auto Industry Titans Say They're Still Committed to Cutting Emissions
Automakers Urged to Prepare for NAFTA Changes
Key Senators Want Answers on Takata Recall
Toxic Cleanup Job Awaits Hackett at Ford
Mary Barra Shapes a New GM: Fast, Focused and Decisive
Lentz Says Toyota Is Reorganized and Ready
Down Payments and Loan Terms Are Rising for New Car Shoppers as Vehicles Become More Expensive
Top Stories
Auto Industry Titans Say They're Still Committed to Cutting Emissions

Both Ford and General Motors say U.S. withdrawal from the Paris Agreement does not affect their views on climate change, or their plans to reduce carbon emissions. And some auto industry analysts are skeptical the decision will have that much of an effect on the operations of global car companies, which sell and manufacture automobiles around the world.
Source: CNBC

[back to top]

Automakers Urged to Prepare for NAFTA Changes

A U.S. content requirement may be on negotiating table

The auto industry is expected to be in negotiators' crosshairs as preparations speed up to renegotiate the North American Free Trade Agreement and fulfill President Donald Trump's promise to bring production jobs back to the U.S. U.S. Trade Representative Robert Lighthizer notified Congress in May of the administration's intent to renegotiate the pact, triggering a 90-day consultation period.
Source: Automotive News

[back to top]

Key Senators Want Answers on Takata Recall

Leaders of a U.S. Senate committee overseeing transportation issues want to know the status of a massive recall of Takata air bag inflators that have caused at least 11 deaths in the U.S. In a [June 2] letter to Transportation Secretary Elaine Chao, U.S. Sen. John Thune, R-S.D., who chairs the Senate Commerce, Science and Transportation Committee, and the committee’s ranking Democrat, Sen. Bill Nelson of Florida, asked for details on the repairs since President Donald Trump still has not nominated anyone to head the agency overseeing the recall more than four months since taking office.
Source: Detroit Free Press

[back to top]

Toxic Cleanup Job Awaits Hackett at Ford

CEO must sort out roles in a new setup

Before Ford Motor Co.'s new "change agent" CEO Jim Hackett can move the company forward, he must clean up a toxic corporate culture that had permeated the top of the Glass House until his appointment. Days before former CEO Mark Fields was ousted last month, he was angling to fire his top lieutenant, Joe Hinrichs, to relieve pressure he faced from a skeptical board of directors, sources told Automotive News. Fields' plan backfired, however, when the board decided instead to part ways with him and communications chief Ray Day, after a May 19 meeting.
Source: Automotive News

[back to top]

Mary Barra Shapes a New GM: Fast, Focused and Decisive

Mary Barra has only been chairman and CEO of General Motors for 3½ years, but the company she leads today is vastly different from the one she inherited: more decisive, focused, responsive and responsible. Barra and a team that combines GM lifers and carefully selected newcomers are creating a company that’s more sensitive to its customers and more focused on profits than ever before. Their vision for GM will be in the spotlight Tuesday at the company’s annual meeting in Detroit.
Source: Detroit Free Press

[back to top]

Lentz Says Toyota Is Reorganized and Ready

With new Texas HQ, Lentz reaches major milestone

When Jim Lentz took over as CEO of Toyota Motor North America four years ago, he sat down with global boss Akio Toyoda to get his "marching orders." But he got a surprise as well. "He said you need to develop a plan," Lentz recalled in an interview with Automotive News last week. Lentz responded by explaining a seven-year blueprint that he and his team developed.
Source: Automotive News

[back to top]

Down Payments and Loan Terms Are Rising for New Car Shoppers as Vehicles Become More Expensive

Last month, shoppers spent an average of $3,801 upfront on a new vehicle, a 6.5% increase over a year ago. The trend held steady for used vehicle purchases, with shoppers spending $2,529 on average, up 3.8% from last May. Meanwhile, average monthly payments and loan terms for new car purchases are also on the rise. The average loan term for new vehicles is now $510 per month for 69.1 months, compared with $503 for 68.3 months last year.
Source: Forbes.com

[back to top]

 
Quotable
"New car prices are rising due to increased content but consumers are willing to pay for those increases, which is paramount. Technology features like Apply CarPlay and safety features such as rear back up cameras have gotten consumers to willingly spend more money."

    -- Jessica Caldwell, director of industry analysis at Edmunds, Forbes.com, June 3

Sponsored by

MyDealership.org Videos








NADA Videos

Introducing NADA Academy Plus

Upcoming NADA Webinars

            - June 7 -- Simple Things That Will Raise Your F&I Income (12 pm)

            - June 14 -- Payment Card Industry (PCI) Compliance in Dealerships (12 pm)

            - June 21 -- How to Hold Gross on New Car Sales Today! (12 pm)

            - June 28 -- Ways to Speed Up The F&I Transaction (12 pm)

            NADA members can view past webinars on-demand at no charge at NADA University Online. Members must create an NADA account before viewing.

             
            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.