March 9, 2007
 

Deadline for Dealer Innovation Award entries is March 12

Training Resources for Your Dealership

NADA Retirement Administrators, Inc. (NADART)

NADA's Buyers Guide


This newsletter contains an advertisement of NADA Products and Services.

For more information on NADA, visit www.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.
 
If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org
 
Questions or comments concerning NADA Headlines content may be directed to help@nada.org

 
Ford, Navistar Reach a Truce About Engines
Honda Sneaks Up on Big Three
GM Aims to Make All-American Chevy Worldwide Success
Chrysler Gets New Bid Prospect
Ford to Give Bonuses to All
NADA's International Affairs Director Gallegos Appointed to Key U.S. Trade Advisory Committee
 

Ford, Navistar Reach a Truce About Engines

Ford Motor Co. and Navistar International Corp. reached an agreement Thursday for Navistar to continue supplying diesel engines to Ford trucks until the two sides can settle a conflict over warranty expenses. Under the agreement, Navistar will ship the 6.4-liter Power Stroke diesel and Ford will pay the higher price demanded by Navistar for the engines. The two sides also agreed to continue talking out of court about resolving their warranty dispute before starting a trial, according to a Navistar news release. The agreement is the latest move in a showdown involving one of Ford's most important vehicles, the F-Series Super Duty pickup. In the early stages of a turnaround plan, Ford cannot afford a misstep with the F-Series, the best-selling line of vehicles in the United States. "We are pleased there will be no further disruptions to the production of F-Series Super Duty," Ford said in a statement.

(Source: Detroit Free Press)

[return to top]

Honda Sneaks Up on Big Three

As volatile gas prices are shifting U.S. consumers' interest to more fuel-efficient models, Honda is the only automaker with a fuel-cell car certified for U.S. retail buyers, and it has leased two hydrogen-powered FCX cars to customers to monitor their performance under real-life conditions. Detroit's automakers are fixating on Toyota Motor Corp. as their biggest threat, but Honda, Japan's No. 2 carmaker, is also gaining on them. Together, Toyota and Honda account for a fourth of U.S. auto sales, and half the vehicles sold here by foreign automakers. While Honda may not be growing as fast as Toyota, which has 15.4 percent of the market, it has expanded steadily. Over the past 10 years, Honda has increased its U.S. market share 50 percent to 9.1 percent. Honda's emphasis on technology positions it to become an even stronger rival in the future. "In many areas, we take Honda more seriously than Toyota, especially when it comes to engine technology," said Bob Lutz, vice chairman of General Motors Corp. "Honda doesn't have the scale of Toyota, but they're also on a very fast track."

(Source: Detroit News)

[return to top]

GM Aims to Make All-American Chevy Worldwide Success

LAUSANNE, Switzerland -- General Motors has an ambitious plan to make its all-American Chevrolet brand a global powerhouse that sells more vehicles outside the United States than at home, and John Middlebrook, GM vice president for global sales, marketing and service, predicts that it's only a matter of time until that happens. If GM manages to hold off Toyota and remain the world's top-selling automaker, it will be largely because of Chevrolet's global growth. The strategy aims to make Chevy a truly global brand like Toyota or Volkswagen, selling stylish and affordable vehicles around the world, GM Vice Chairman Bob Lutz said. The defining attributes of Chevrolet around the world will be good value and expressive styling, the things that made it the dominant brand in the United States for decades, said Wayne Brannon, executive director of Chevrolet Europe.

(Source: Detroit Free Press)

[return to top]

Chrysler Gets New Bid Prospect

A third private equity investor, Centerbridge Partners, has entered the bidding process for the embattled Chrysler Group, the Detroit News has learned. Centerbridge, a relatively new player in the private equity arena, joins Blackstone Group and Cerberus Capital Management as potential buyers for the U.S. division of DaimlerChrysler AG. The firm's automotive expert is Stephen Girsky, the former senior auto analyst with Morgan Stanley who spent 10 months as a special adviser to General Motors Corp. Chairman and CEO Rick Wagoner before leaving GM in June 2006. Zetsche has put no timetable on accepting bids for Chrysler, which was acquired in 1998 by Daimler-Benz AG.

(Source: Detroit News)

[return to top]

Ford to Give Bonuses to All

DEARBORN, Mich. The Ford Motor Company, which had been criticized by union leaders over the prospect of bonuses for management, said on Thursday that all of its employees would receive a "modest" bonus. "Last year, though we fell short of our profit and market-share goals, we made significant improvements in quality and cost savings," Ford’s chief executive, Alan R. Mulally, told employees in an e-mail message Thursday. Workers in management-level positions will receive "higher, but still modest, awards that will proportionately reflect the metrics that were achieved in 2006," Mr. Mulally said. Everyone who worked for Ford at the end of 2006 even the thousands who accepted buyout packages and have left their jobs will get a bonus.

(Source: New York Times)

[return to top]

NADA's International Affairs Director Gallegos Appointed to Key U.S. Trade Advisory Committee

Albert Gallegos, NADA's director of international affairs, has been appointed as an NADA representative to a key trade advisory committee serving the U.S. Secretary of Commerce and U.S. Trade Representative. As a member of the Industry Trade Advisory Committee for Distribution Services, Gallegos will provide input from the auto retail industry on issues related to the distribution of goods and services. "As the U.S. has become more engaged in bilateral trade agreements, this appointment reaffirms NADA's growing engagement in the global economic community," said Gallegos. "It also ensures that dealers are continually updated on public public policy issues affecting the distribution of vehicles in the U.S. and among our trading partners, and that their views are heard," added Gallegos.

(Source: NADA Newswire)

  [return to top]