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January 10, 2018 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Mike Stanton Returns to NADA
Toyota and Mazda Select Alabama for New Auto Factory
Ford Lays Out Grand Vision for a Self-Driving Car Future
Nissan-Renault Plans $1 Billion Fund for Auto Tech Startups
Mexican Auto Imports on Increase Despite Trumpís Pushback
Toyota Expands U.S. Takata Air Bag Recall to 600,000 Extra Vehicles
GM Is Getting Ready to Build a Small Cadillac SUV
Hyundai Plans Over-the-Air Updates for Vehicles as Soon as Late 2019
At the Auto Show in Detroit, a Sneak Peek at Whatís New
Top Stories
Mike Stanton Returns to NADA



Michael J. Stanton, Jr., has returned to the National Automobile Dealers Association as senior vice president and chief operating officer.

“I am excited to be back at NADA and have the opportunity to enhance existing relationships and develop new ones to support franchised new-car and -truck dealerships and our industry,” Stanton said.
 
Stanton will work across the organization on strategic and operational issues and the development of new business opportunities. He will oversee the information technology and economics and data analytics departments as well as NADA’s affinity programs.

“Mike is a proven NADA leader who will add bench strength to our team,” said NADA President and CEO Peter Welch. “He has worked many years gaining vast experience and building key relationships and partnerships throughout the automobile industry and beyond.”
 
Prior to rejoining NADA, Stanton was vice president and general manager of J.D. Power’s Vehicle Valuation Practice, formerly the NADA Used Car Guide, which was acquired by J.D. Power in 2015. Before the acquisition, he was vice president and COO of the NADA Used Car Guide. Previously at NADA, he was executive director of industry affairs, and before that was the national sales manager for the NADA Used Car Guide.
Source: NADA

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Toyota and Mazda Select Alabama for New Auto Factory

Alabama edged out North Carolina as the winner in a multi-state contest for a prized Toyota Motor Corp. and Mazda Motor Corp. joint car factory worth $1.6 billion, a person familiar with the negotiations said. It will be Toyota’s 11th assembly plant in the U.S. -- its biggest market -- and the first since 2011.
Source: Bloomberg

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Ford Lays Out Grand Vision for a Self-Driving Car Future

Ford CEO Jim Hackett offered an ambitious vision for the automaker's self-driving vehicle business strategy Tuesday, depicting a future that will be as much as about networks of cars and traffic signals as any particular models. Ford will build these networked systems, he said, as well as the vehicles on the streets of this "City of Tomorrow."
Source: Detroit Free Press

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Nissan-Renault Plans $1 Billion Fund for Auto Tech Startups

The world’s largest automotive alliance will invest as much as $1 billion to fund mobility startups over the next five years as it looks to make inroads with new technology at a time of rapid upheaval for the transportation sector. Carmaking partners Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp. will invest as much as $200 million during the venture capital fund’s first year, the alliance said in a statement Tuesday. The fund, called Alliance Ventures, will finance new developments in electrification, autonomy, connectivity and artificial intelligence.
Source: Bloomberg

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Mexican Auto Imports on Increase Despite Trumpís Pushback

Sales of models produced “South of the Border” hit all-time high in 2017.

Despite a campaign promise by Pres. Donald Trump to curb their import, sales of Mexican-made cars, trucks and crossovers surged to an all-time high in 2017. In all, 2.33 million vehicles were shipped to the U.S. from assembly lines “South of the border,” a 9.4% increase over 2016, according to Mexican auto industry data. That reflects a variety of factors, including the opening of new Mexican assembly plants, including an Audi factory that last year became the sole global source of the carmaker’s popular Q5 crossover-utility vehicle.
Source: The Detroit Bureau

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Toyota Expands U.S. Takata Air Bag Recall to 600,000 Extra Vehicles

Toyota Motor Corp. said on Tuesday it was expanding its safety recall involving Takata Corp. front passenger air bag inflators to cover about 601,300 additional vehicles in the United States. The U.S. National Highway Traffic Safety Administration on Saturday posted a notice from Takata that said the company would recall another 3.3 million inflators for vehicles from automakers including Toyota, Honda Motor Co., BMW AG, Daimler AG, General Motors Co., Tata Motors Jaguar Land Rover unit and Subaru Corp.
Source: Reuters

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GM Is Getting Ready to Build a Small Cadillac SUV

General Motors Co. is gearing up one of its car plants to build a new Cadillac crossover with hopes of reversing the luxury brand’s sales slump in the U.S., according to people familiar with the matter. The automaker has begun building test versions of the Cadillac XT4 at its assembly plant in Kansas City, said the people, who asked not to be named because the company hasn’t yet announced production plans.
Source: Bloomberg

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Hyundai Plans Over-the-Air Updates for Vehicles as Soon as Late 2019

A partnership between Hyundai Motor Co. and Cisco Systems, the computer networking company, has yielded an in-car system capable of delivering over-the-air updates in vehicles produced as soon as late 2019, the companies revealed Tuesday at CES.
Source: Automotive News

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At the Auto Show in Detroit, a Sneak Peek at Whatís New

For die-hard car lovers, few events are more exciting than the annual North American International Auto Show, held in Detroit, the heart of the American automotive industry. This year’s show will be held from Jan. 13 to 28 at the 2.4 million-square-foot Cobo Center in downtown Detroit. The show, which started as the Detroit Auto Show in 1907 and has become one of the largest automobile shows in North America, with about 800,000 visitors expected, encompasses much more than a casual observer might imagine.
Source: The New York Times

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Quotable
"If we move quickly and dramatically shift our thinking ... we can redesign transportation in our cities in ways that not only meet the growing demand, but improve the quality of life for everyone at the same time. It's not a dream."

   -- Ford CEO Jim Hackett commenting on its business strategy, Detroit Free Press, Jan. 9

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