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Monday, April 30, 2012

DAILY: Monthly sales expected to hold strong, hitting annual pace of 14.4M | CAW ends strike at Chrysler supplier | Chrysler assigning 70 people to new Detroit office

DAILY NEWSLETTER April 30, 2012
 
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APRIL U.S. AUTO SALES
Monthly sales expected to hold strong, hitting annual pace of 14.4 million
Some concerned Q1 sales as good as it gets
image DETROIT (Reuters) -- U.S. auto sales in April are expected to remain on pace with the previous month, continuing the momentum that saw America's appetite for new vehicles drive first-quarter demand to its highest rate in four years.
"April sales ...
>> story  Published: Apr 30 3:49 pm U.S. Eastern time
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Chrysler to restart minivan production after supplier strike ends
image DETROIT -- A strike by a parts supplier that shut down Chrysler Group's Windsor Assembly plant early this morning ended after workers revoted and overwhelmingly approved the contract -- allowing Chrysler to restart minivan production this afternoon.
>> story  Published: Apr 30 12:03 pm U.S. Eastern time / UPDATED: 4/30/12 3:04 pm ET - CAW comment added

Chrysler assigning 70 people to new Detroit office
imageDETROIT (Bloomberg) -- Chrysler Group LLC is leasing offices in downtown Detroit and will assign about 70 people there, CEO Sergio Marchionne said today.
Most of the employees involved have been stationed at the company's suburban Detroit ...
>> story  Published: Apr 30 10:34 am U.S. Eastern time
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    KEITH CRAIN
    Whose rules do you play by?
    image It's pretty simple when you do business in the United States.
    You don't cheat or bribe anyone to increase your company's revenue or profits.
    That simple, straightforward rule works well for most of the Western world.
    But there are plenty of places with totally different rules.
    In some spots, bribery, corruption and necessary payoffs are a part of the daily landscape. All companies must adhere to those rules if they expect to be even modestly successful in those foreign lands.
    But the Foreign Corrupt Practices Act of 1977 prohibits U.S. companies from bribing foreign officials.
    It is an ...
    >> Read the column  Published: Apr 30 12:01 am U.S. Eastern time


    DAVE GUILFORD
    Why does it take so long to close a deal?
    imageIn the space of about six weeks this winter, my wife and I bought two new cars. The reason for this splurge was exactly what industry watchers have predicted: Old, wheezing cars eventually need to be replaced.
    In our case, two vehicles in our household fleet of three (self, wife, daughter) reached the end of the road. The shopping process was pretty painless. We narrowed down our choices online, both in terms of vehicle and price, and wrapped up the deal at the store.
    But there was one problem at both dealerships: It takes an inordinate amount of time to close a car deal. I didn't run a stopwatch, but it seemed to me ...
    >> Read the column  Published: Apr 30 12:01 am U.S. Eastern time

    Blog  
    Jamie LaReau covers auto dealers for Automotive News.
    Why a trade-in might become an offer I can't refuse
    When it comes to trade-ins, make me an offer I can’t refuse. I believe there’s a sweet spot for consumers to sell their cars. ... arrow Read the blog  Published: Apr 30 3:36 pm U.S. Eastern time
    Blog  
    Mike Colias covers General Motors for Automotive News
    GM's Peper brings competitive fire to fleet biz
    Zero to 60 in just under 16 seconds normally is nothing to brag about. Unless you're Ed Peper. GM recently floated a press release touting a 15.58-second acceleration time for its Chevrolet Express 4500 van. The chest-thumping part: That was nearly two seconds faster than Ford's rival fleet van, the E-450, in a recent head-to-head test. ... arrow Read the blog  Published: Apr 30 12:53 pm U.S. Eastern time
    Blog
    Will Mitsubishi's new small car be just a Mirage in U.S.?
    RYAN BEENE: Mitsubishi will launch the Mirage, a new minicar reprising a nameplate unseen in the United States since 2002, in the North American market in the first quarter of 2013. The car will be sold in Canada, but sales in the United States are still “under consideration," a spokesman said. ... arrow Read the blog  Published: Apr 28 8:12 am U.S. Eastern time
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