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Inside this issue
After Years of Growth, Automakers Are Cutting U.S. Jobs
GM Stays Committed to Work Force Transformation
Ford Exec Points to 'Great Progress' on Driverless Cars
Geely's Volvo to Go All Electric with New Models from 2019
NADA's Mark Scarpelli and Steven Szakaly to Discuss State of Auto Retailing
Top Stories
After Years of Growth, Automakers Are Cutting U.S. Jobs

After a prolonged recovery that culminated in two years of record sales, the American auto industry is slowing down, with fewer buyers in dealer showrooms and fewer workers on the factory floor. Automakers said this week that sales dropped in June for a sixth consecutive month, falling by 3 percent from a year ago, a trend that analysts do not see letting up anytime soon. And as demand falls, there is less work in the nation’s auto-assembly plants — primarily those that build traditional passenger cars.
Source: The New York Times

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GM Stays Committed to Work Force Transformation

Barra, HR team see strides but job is far from done

Once every quarter, General Motors CEO Mary Barra gathers the automaker's top 12 executives for a two-day retreat away from the office. It's not a meeting to discuss upcoming vehicles, market share or marketing strategies. "All we talk about is how we behave with each other," said John Quattrone, who has attended the sessions for three years as GM's human resources chief. "These are pretty intense, serious sessions," Quattrone told Automotive News. "Mary's belief is if we change our behaviors and we do the right things then the people who work for us will emulate that, and that will drive a culture change down through the organization. I have seen it happen."
Source: Automotive News

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Ford Exec Points to 'Great Progress' on Driverless Cars

Ford is making "great progress" towards its goal of deploying its first fully self-driving car by 2021, says the automaker's top research executive. But don't expect Ford to be first. "We don’t worry too much about where the competitors are," Ken Washington, Ford's vice president of research and advanced engineering and chief technology officer. "What we are worried about is how do we bring this technology to market in a way that’s a fit (for customers). And that’s what we are focused on."
Source: Detroit Free Press

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Geely's Volvo to Go All Electric with New Models from 2019

All Volvo car models launched after 2019 will be electric or hybrids, the Chinese-owned company said on Wednesday, making it the first major traditional automaker to set a date for phasing out vehicles powered solely by the internal combustion engine. The Sweden-based company will continue to produce pure combustion-engine Volvos from models launched before that date, but its move signals the eventual end of nearly a century of Volvos powered solely that way.
Source: Reuters

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July 6: NADA Quarterly Economic Briefing
NADA's Mark Scarpelli and Steven Szakaly to Discuss State of Auto Retailing


Szakaly


Scarpelli

With six months of U.S. auto sales for 2017 in the books, NADA Chief Economist Steven Szakaly and NADA Chairman Mark Scarpelli – during a quarterly economic briefing via conference call – will highlight the current trends impacting both the new- and used-vehicle markets as well as discuss the state of auto retailing—from incentives, inventory levels and financing trends, etc. Szakaly will also provide an outlook for the rest of 2017.

When:
  Thursday, July 6, 2017
Call-in Time:
10:30 a.m. ET

Scarpelli is president of Raymond Chevrolet and Raymond Kia in Antioch, Ill., and co-owner of Ray Chevrolet and Ray Chrysler-Jeep-Dodge-Ram in Fox Lake, Ill.

A Q&A session with the media and industry analysts will follow the briefing. Click here to register. A call-in number and conference ID will be emailed to registrants.
Source: NADA

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Quotable
"There's been a consistent reduction in plant output in the last six months, and what is ahead in the next six months could be pretty startling."

    -- Ron Harbour, an auto manufacturing expert at the consulting firm Oliver Wyman, The New York Times, July 4


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