June 29th, 2012 at 12:00pm
To help combat its losses in Europe, GM’s supervisory board approved a new plan to restructure Opel. Prices for used cars are starting to fall because sales of new cars are picking up this year. Chrysler is optimistic about pickup sales going forward and is considering adding a third shift at its Warren Truck Plant. All that and more, plus a preview of Autoline This Week about the candidates for the 2013 North American Car and Truck of the Year award.
Hello and welcome to Autoline Daily. It’s Friday, Friday, FRIDAY the 29th of June, 2012. I’m Andrew Justus the last of your guest hosts this week and the last host before America’s 236th birthday. Here’s the news.
GM BOARD APPROVES OPEL PLAN
As you all know, General Motors is bleeding money in Europe because its German brand Opel is struggling. To help combat its losses, GM’s supervisory board approved a new plan to restructure the brand. According to the Detroit News, it calls for new investments in Opel and Vauxhall products… 23 new models and 13 new powertrains by 2016, exporting vehicles to emerging markets including China, and reducing development and production costs through alliances. Last year GM lost close to $750 million dollars in Europe.
USED-CAR PRICES DROP
There’s good news if you’re in the market for a used car. WardsAuto reports that prices for used cars are starting to fall because sales of new cars are picking up this year. 60 percent of this year’s sales involve trade-ins which means close to a million used cars will be added to the market. A number of new and refreshed vehicles are about to hit the market which will push used prices down further as well. The National Auto Dealers Association forecasts that used-car prices will drop 3 percent in July.
FORD STREAMLINES LINE-UP
One world, One Ford. The Blue Oval is focusing on its business plan like a sniper on his target. A key part of this strategy involves reducing the number of vehicle platforms in production, something the company is addressing. At a recent press event we interviewed Hau Thai-Tang, Ford’s global vice president of engineering. He commented on the progress they’re making in streamlining the product lineup.
We’ve got more of the latest auto news coming up, but first I want to remind you to kick off your Fourth of July Weekend by celebrating freedom from podcast hosts! Tonight on RoundAbout we’re holding our first-ever, all-fan show where YOU determine the agenda. We’ll be discussing only the stories you submit, so make sure you join us LIVE at 6:30PM Eastern Time and jump in the chat room at Autoline.TV. But, if you can’t be there Live, we’re not leaving you out. Just send your stories and topics to RoundAboutShow@gmail.com.
And now, back to some of the news I want to talk about…
CHRYSLER MAY BOOST RAM PRODUCTION
In an economy that’s been reluctant to add jobs, automobile manufacturing continues to show strength. Chrysler is pondering adding a third shift at its Warren Truck Plant. The company is optimistic about pickup sales going forward and said the decision to add another shift depends on the ability of suppliers to keep up. The plant currently employs over 2,300 people and could add between 800 and 1,000 with another shift.
NISSAN MOVES MORE PRODUCTION TO U.S.
In Canton, Mississippi, Nissan is doing eight things at once. Or so it seems. The Japanese automaker is trying to quell UAW efforts to unionize the plant while at the same time moving production of the Sentra, Xterra, and Frontier pickup to the plant. Adding 1000 jobs in the process. The factory currently builds the Altima, Titan, Armada SUV and N-V commercial van. After the additional hires, the Canton plant will employ 4,500, the company says.
Hey, want to learn what’s happening on the latest episode of Autoline This Week? Stick around because there’s a free sample coming your way!
AUTOLINE THIS WEEK
The topic on Autoline This Week is the North American Car and Truck of the Year Awards. What new vehicles have hit the market in the first half of 2012? Which ones are worth owning and what should be avoided? Well, host John McElroy and his journalist colleagues have the answers. He’s joined in-studio by Mark Phelan from the Detroit Free Press and Paul Eisenstein with TheDetroitBureau.com. Here’s a little taste.
What other new cars and trucks did the trio discuss? Well, you’re going to have to watch to find out, which you can do right now on our website, Autoline.tv.
And just another reminder before I sign off. Autoline Daily is off the air next week. We’ll be kicking back and relaxing because our offices are closed for the 4th of July holiday. Happy birthday ‘Merica!
Anyway, that’s all for today’s program, thanks for stopping by and have a classy 4th of July. I’m Andrew Justus. And we’ll see you July 9th.