Category: Auto News Today

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Dow Jones Rallies As Tesla Surges 10{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} On Deliveries; Chinese EV Stocks Mixed

The Dow Jones Industrial Average briefly rallied 125 points Monday, as the stock market rally looked to kick off 2022 on a positive note. Tesla stock surged 10{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} on blowout deliveries. Chinese EV leaders Li Auto, Nio and Xpeng Motors also reported strong deliveries over the weekend.




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Among the Dow Jones leaders, Apple (AAPL) rose 1.7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday, while Microsoft (MSFT) moved down 0.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} in today’s stock market. Also among the Dow 30, Home Depot (HD) continues to rebound from support, while Nike (NKE) aimed to retake a key level.

Electric-vehicle leader Tesla (TSLA) traded up 10{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday. Its rival, Rivian (RIVN), was down over 2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. Lucid Group (LCID) climbed around 2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. And Chinese EV leaders Li Auto (LI), Nio (NIO) and Xpeng Motors (XPEV) were sharply mixed Monday morning after their December sales reports over the weekend.

Among Monday’s top stocks to buy and watch, Applied Materials (AMAT), Datadog (DDOG), Fortinet (FTNT), Huntsman (HUN) and Icon (ICLR) are in or near new buy zones.

Icon, Microsoft and Tesla are IBD Leaderboard stocks. Datadog is an IPO Leader. Fortinet was featured in last week’s Stocks Near A Buy Zone column. Applied Materials is an IBD SwingTrader stocks. Huntsman was Wednesday’s IBD Stock Of The Day.

Dow Jones Today

After the stock market open Monday, the Dow Jones Industrial Average rose 0.15{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, while S&P 500 moved up 0.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. The Nasdaq rose 0.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} in morning trade.

Among exchange traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) gained 0.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday, while the SPDR S&P 500 ETF (SPY) traded up 0.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. Chip stocks were strong performers Monday morning, and the iShares Semiconductor ETF (SOXX) rose 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. Chip giant Taiwan Semiconductor (TSM) rose about 4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

Elsewhere, the 10-year Treasury yield ticked up to near 1.59{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday morning, following a fall to near 1.51{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Friday.

Benchmarks in Frankfurt and Paris rose more than 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} near midday in light, post-holiday trade. Markets in London, Tokyo and Shanghai remained closed on holiday.

Stock Market ETF Strategy And How To Invest

Stock Market Rally

The stock market closed out 2021 with mild, weak action on Friday. That extended the tech-heavy Nasdaq composite’s losing streak to four sessions. The Dow Jones Industrial Average and S&P 500 fell for a second straight day.

Despite the weakness, the market outlook remains in a “confirmed uptrend.” This gives investors a green light to buy top-rated growth stocks breaking out past correct buy points.

Friday’s The Big Picture commented: “Investors should show prudence going into the new year, but there is reason for optimism. History shows that when the S&P 500 gains 20{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} or more in a calendar year it averages a gain of 7.7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} the next, according to Dow Jones market data. In addition, the median return in the following year is a gain of 10.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}.”

For daily stock market commentary, check out IBD’s The Big Picture.

IBD’s 2022 Stock Market Forecast

Dow Jones Stocks To Watch: Home Depot, Nike

Home Depot stock advanced 1.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Friday, nearing a record high. Home Depot was the No.1 Dow Jones performer in 2021, up 56.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} for the year. (The No. 2 Dow Jones stock was Microsoft with a 51.2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} advance.) HD shares were up 0.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

Dow Jones retail leader Nike is tracing a new flat base that has a buy point at 179.20, according to IBD MarketSmith chart analysis. Shares fell further below their 50-day line during Friday’s 0.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} decline, as they fight to decisively move above that resistance. Nike shares gained 0.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

Four Top Growth Stocks To Watch In The Current Stock Market Rally

Stocks To Buy And Watch: Applied Materials, Datadog, Fortinet

IBD SwingTrader stock Applied Materials retreated back below a 159.10 buy point in a flat base during Friday’s 0.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} loss. The initial breakout occurred in weak volume, but remains in play. Look for a volume increase of at least 40{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} if and when the stock retakes its buy point.  The 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} buy area runs up to 167.06. Applied shares were up 1.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

IPO Leader Datadog is approaching a cup base’s 199.78 buy point. Meanwhile, resistance around the 186 price level could provide an early entry for aggressive investors. Shares lost 0.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Friday, as they pull back to their key 50-day moving average. DDOG shares gained 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

Cybersecurity leader Fortinet remains in the 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} buy area above a 355.45 buy point in a consolidation despite Friday’s 0.1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} loss. The buy area tops out at 373.22. Bullishly, the stock’s relative strength line hit a new high on the breakout day, confirming the stock as a market leader. The RS line measures a stock’s price performance vs. the S&P 500. Fortinet shares were up 0.3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

IBD Leaderboard stock Icon is still in buy range past a 301.82 buy point in a consolidation, according to IBD MarketSmith chart analysis, in the wake of the Dec. 22 breakout move. The 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} buy area runs to 316.91. Per Leaderboard commentary, Icon also cleared resistance around 290, which served as an early entry. The stock was up 0.3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} early Monday.

Wednesday’s IBD Stock Of The Day, Huntsman, remains in buy range past a 34.57 flat-base entry following Friday’s 0.35{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} gain. The 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} buy range goes up to 36.30. HUN stock shows an 89 out of a perfect 99 IBD Composite Rating, according to the IBD Stock Checkup. Huntsman stock rose 1.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

Join IBD experts as they analyze leading stocks in the current stock market rally on IBD Live

EV Stocks: Li Auto, Nio, Xpeng, Lucid Motors, Rivian

Over the weekend, Chinese EV leaders Li Auto, Nio and Xpeng Motors reported their December deliveries.

Li Auto delivered 14,087 Li One hybrid SUVs in December, up 130{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} year over year. Q4 deliveries reached 35,221, above its 30,000-32,000 target and Q3’s 25,116. The stock dropped nearly 1{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

LI stock continues to work on a new base, after triggering the 7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}-8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} loss-cutting sell rule below a cup-with-handle base’s 34.93 buy point in early December. Shares surged above their 50-day moving average last week, which is bullish price action as the stock looks to build the right side of a new base.

Nio delivered 10,489 vehicles, up 49.7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} year over year, but down slightly from November’s 10,878. NIO stock rose about 2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday. Shares closed Friday about 53{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} off their 52-week high and sharply below their 50- and 200-day moving averages.

Xpeng deliveries surged 181{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} to 16,000 vehicles last month, a new record after November’s 15,613. Shares moved down over 2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

XPEV stock activated a round-trip sell signal from a 48.08 buy point during early December’s sharp sell-off. Xpeng shares surpassed resistance around the key 50-day moving average Thursday, jumping 10{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}. There is no valid buy point yet, but Thursday’s action was a step in the right direction.

Among U.S.-based EV stocks, Lucid Motors shares climbed around 2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday, looking to recover from Friday’s 1.8{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} decline. LCID stock remains extended past a 28.49 buy point in a cup-with-handle base, but huge gains have faded. Shares are setting up for another try to retake the 50-day line, which would be a positive for the stock’s consolidation.

Recent initial public offering Rivian was down over 2{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday, on pace to add to Friday’s 0.3{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} gain. RIVN shares closed Friday about 42{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} off their post-IPO highs. Continue to wait for an IPO base to form before considering a purchase. Recent sharp losses are a significant setback in the stock’s basing process and there is no new buy point in sight.

Five Best Dow Jones Stocks To Watch Now

Tesla Stock

Tesla stock surged 10{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday, looking to snap a four-day losing streak. On Sunday, Tesla deliveries totaled 308,600 deliveries in Q4. That included 296,850 Model 3 and Y vehicles and 11,750 Model S and X luxury EVs. For the full year, Tesla said annual vehicle deliveries surged 97{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} in 2021, delivering 936,172 vehicles.

Early Monday, Tesla shares rose above 1,119.10 buy point. The buy point is based on a combination of factors — the stock is rebounding from 50-day support and cutting back above a downward sloping trendline. The 10{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} buy area will top out at 1,162.46.

There is also an alternative buy point, based on a short handle, at 1,119.10. That buy zone extends to 1,175,06.

Shares traded as high as 1,243.49 on Nov. 4, but the stock ended Friday about 15{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} off its 52-week high.

Dow Jones Leaders: Apple, Microsoft

Among Dow Jones stocks, Apple stock ended Friday down 0.35{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, but remains about 16{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} above a 153.27 buy point out of a cup-with-handle base, according to IBD MarketSmith chart analysis, and close to the 20{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}-25{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} profit-taking level. AAPL shares rose 1.7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday.

Software leader Microsoft decisively regained its 50-day line in recent weeks, as the top Dow Jones stock approaches a flat base’s 349.77 buy point with an early entry at 343.89. Shares moved down 0.4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} Monday, adding to Friday’s 0.6{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} decline.

Be sure to follow Scott Lehtonen on Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.

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Aptiv’s tech makeover being tested by Silicon Valley’s push into autos

The car’s brain

Aptiv has two big business enterprise segments: a person centered on hardware and electronics, another on software program. The former is one thing like the anxious process of the vehicle — wires that transmit power and alerts by way of the auto like synapses firing off impulses. The latter is like its mind, enabling semi-autonomous driving or creating a digital interface for motorists.

CEO Kevin Clark, who returned to the automotive field just after stints in health care and personal equity, has remade the company considering the fact that he took the prime job in 2015. He sheared off slow-advancement firms and done a string of very well-timed acquisitions: telematics to review motor vehicle info, application to help around-the-air updates and automatic-driving startups. This culminated with the spinoff of its motor and transmission company in 2017 and a new name for the remaining corporation, which was previously regarded as Delphi Automotive Plc.

Clark’s specials proved prescient, location Aptiv apart from peers however debating the long term of the combustion motor. He and CFO Joe Massaro revamped the corporation in the eyes of Wall Road, sending the stock rate soaring.  

Aptiv shares closed at $162 on Thursday, approximately seven occasions its 2011 IPO rate. It trades at 36 periods blended forward earnings, a various that rivals some of the splashiest tech organizations and is almost triple the common of its marketplace friends. Its rebirth as an enabler of electrical, autonomous cars helped it accomplished this prosperous valuation even as gross sales and financial gain are only modestly much better than when it went general public. Though Aptiv’s application profits has grown, it has yet to near the gap from sluggish-expanding corporations it offered off.

The company’s name for deft execution has been accompanied by a cutthroat office culture, fifty percent a dozen previous personnel say, far more reminiscent of the management team’s personal fairness roots than of their laid-again Silicon Valley competitors in autonomous driving.

Beneath Clark’s tenure, when a division was at threat of missing expansion targets, executives armed by themselves with proposals for value cuts, and braced for a dressing down, according to a few previous executives. Quite a few people today who failed to appease Clark and Massaro in these types of meetings had been terminated, the previous executives explained.  One particular staffer stored a blood-pressure machine in his office for health-related reasons that turned a working joke about workplace anxiety, according to two previous workforce.

“They ended up just quite great at implementing pressure” to folks to supply success, a single former government claimed of Clark and Massaro. The point was to weed out anybody from the company’s legacy society, where “everybody was nice to every person, and not normally targeted on the base line.’’

Previous employees’ descriptions of  Clark and Massaro are  “not an accurate depiction of our leadership or organization culture,” explained Sarah McKinney, an Aptiv spokeswoman.

Even their sharpest critics concede the two executives have been outstanding at molding Aptiv to fulfill emerging developments. And as motor vehicles become extra complicated, only a pick few will be in a position to deliver the software and components motor vehicle firms will need, Clark explained.

“The reality is, there are really number of suppliers who have the capacity to do that right now,” Clark reported in an job interview this month.

Clark said his current spruce-up of Aptiv was only attainable since of groundwork laid by his predecessor, Rodney O’Neal. Delphi, spun off from GM in 1999 as a maker of steering wheels and brakes, was seeking to arise from individual bankruptcy in 2009 when its critical consumer collapsed underneath the bodyweight of the money disaster. It may possibly have been liquidated had been it not for O’Neal, who confident the federal governing administration, GM, and collectors that it experienced a upcoming in electrical, related cars and trucks.

To make this feasible, O’Neal experienced carried out unpleasant cuts: He culled Delphi’s product or service strains from 119 to 33, closed far more than 70 websites, replaced its unionized U.S. workforce with less expensive abroad labor and gutted the pensions of white-collar staff members. He also moved its headquarters overseas from Troy, Michigan, in a tax-inversion that saved the organization hundreds of thousands and thousands of bucks.

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Year in Review (Part 4) December 31, 2021

Looking Back:

Cars.comAlex Vetter, CEO of Cars.com discusses strong earnings report for Q1
Last Thursday, Cars.com, a leading digital marketplace and solutions provider for the automotive industry, released its financial results for Q1 2021. From the beginning of January to the end of March, Cars.com reported revenue earnings of $153.3 million, up $5.2 million, or 4{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} year-over-year, from this time last year, when the threat of COVID-19 was at one of its highest points. To further discuss Cars.com’s Q1 results, is the CEO Alex Vetter. Watch the complete segment here.

KerriganErin Kerrigan on what’s happening in the buy-sell market today
What does the incredible year of buy/sell activity we’ve seen mean for the OEMs? On today’s show, we’re joined by Erin Kerrigan, Founder and Managing Director of Kerrigan Advisors to walk us through what’s happening in the buy-sell market today. They expected 2021 to be the year of the megadeal and Kerrigan thinks 2022 will continue that trend. The Larry H. Miller transaction with Asbury valued at $3.2 billion is a new record. She says what’s interesting about that deal is how strong the evaluation it is. It’s the sense of confidence that the industry will be able to continue at this level of profitability. Watch the complete segment here.

Asbury CEO David Hult and George Karolis of The Presidio Group discuss the company’s exceptional M&A activity
Mergers and acquisitions in retail automotive reached astounding levels in 2020, and the market shows no signs of slowing down. One of the biggest acquisitions in recent memory, was by Asbury Automotive Group which acquired several luxury Park Place dealerships. This deal added 12 franchises and a reported 1.7 billion dollars in annual revenue for Asbury. On today’s show, we’re pleased to welcome David Hult, president and CEO of Asbury Automotive Group and George Karolis, president of The Presidio Group to discuss this unprecedented activity in the M&A market. Watch the complete segment here.

Gole

How to improve your car dealership’s online retailing strategy – Lissette Gole, Head of Auto Retail at Google
Despite the industry’s inventory and chip uncertainty, retail automotive has continued to shift and evolve online. Today’s successful dealerships are offering the entire vehicle purchase process through your mobile device. On today’s show, we’re pleased to welcome back Lissette Gole who is the Head of Automotive Retail at Google. Her nearly 20-year career has been dedicated to the automotive industry, so on today’s show, she’ll take us through today’s top trends and ways you can improve your online retailing. Watch the complete segment here.

Allyson WitherspoonAllyson Witherspoon, CMO of Nissan USA, on launching 10 new models and marketing in 2021
Today on CBT News, host Jim Fitzpatrick is joined by Allyson Witherspoon. Vice President and Chief Marketing Officer of Nissan USA. Witherspoon joins the show to discuss the latest automotive marketing trends, as well as future plans for Nissan. Witherspoon begins the interview by looking back at the lessons learned from 2020. She says that 2020 brought “huge and unprecedented changes.” Nissan is a corporate sponsor of the NCAA March Madness Basketball Tournament, which was unfortunately canceled as the virus began to spread throughout the country. Watch the complete segment here.

CMA’s Liza Borches explains the value of a top-notch customer experience
Carter Myers Automotive has roots dating back to 1902 as a hardware, machinery, and mill supply business that built and sold horseless carriages. Today, more than a century later, the family business has evolved and expanded to what we know today, including 17 franchises in 15 dealerships across Virginia. President and CEO, Liza Borches is the fourth generation of the Myers family and she joins us today to take a deeper dive into the CMA customer experience. Watch the complete segment here.

Mike JacksonMike Jackson talks about AutoNation’s record-breaking quarter and how AN sources used cars
On this special edition of CBT News, Jim Fitzpatrick sits down with Mike Jackson, CEO of AutoNation to discuss the company’s six straight record-breaking quarters and his proudest moments at the helm of AutoNation.This past September, AutoNation announced that former FCA CEO Mike Manley will be joining the country’s number one dealer group as Director and CEO, upon Jackson’s official retirement on November 1. Jackson has held the CEO role for more than two decades, aside from two short instances where Carl Liebert (March 2019—July 2019) and Cheryl Miller (July 2019—April 2020) occupied the position. Watch the complete segment here.

AIADAAIADA Pres. Cody Lusk on keeping the auto industry a level playing field and free of excessive Gov. influence
More than half of all U.S. dealership jobs are created by international nameplate automobile dealers, according to the American International Automobile Dealers Association. The Association recently released their 2021 Economic Impact Report and joining today to discuss its findings, is Cody Lusk, President of AIADA. We’ll also get into what’s making headlines today and what the association has planned for the remainder of the year. Watch the complete segment here.

WalserNADA Chairman Paul Walser on inventory shortages and what to expect at the 2022 NADA Show
In the first quarter of 2021, automotive dealers dealt with several looming challenges, but as Paul Walser became Chairman of NADA he revealed his top priorities aimed at improving the franchise system. We now stand in the final quarter of 2021 and want to take a look at the past year of retail automotive from Paul’s lens. He joins us now to discuss the current state of retail automotive, where NADA stands on the priorities today, and we’ll also get into the NADA show happening in March. Watch the complete segment here.

diamondsIs your car dealership utilizing its ‘acres of diamonds?’
On the latest episode of Mind Your Own Business, host Jonathan Dawson, founder of Sellchology Sales Training, discusses “acres of diamonds.” The concept of acres of diamonds is the idea that everything you need, is often right below the surface in your own backyard. Many of the challenges or growth opportunities you are faced with are usually beneath the surface. Dawson encourages you to think about the areas of the dealership that need to grow, and think about how that expansion can be made possible? These areas could be systems, processes, or creative resources. Ask yourself, what are some areas you can improve in? Watch the complete segment here.

News & Opinion:

warrantyBest practices when submitting warranty claims
In 2019, automakers across the world had to spend about 2.5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of the product revenue, totaling more than $49 billion, covering warranty expenses. This cost only shows the warranty that was covered with the understanding that many more were denied. In your dealership, it’s essential that you take proper steps to ensure a good workflow when turning in a claim. To help you, we put together four of the best practices when submitting warranty claims. Read more

loyalty programsHow to use loyalty programs effectively
In selling products, dealerships have an incredible opportunity to acquire new customers and retain existing ones. But, according to Polk, the sad truth is that less than 30{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} of owners are loyal to a dealership. For a dealership, an average defection rate of 70{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} should be a great motivator to improve loyalty. And in such a competitive market, dealerships often need to use ad campaigns, loyalty programs, promotions, and various other marketing techniques to generate more revenue. Read more

Did you enjoy today’s automotive newscast? Please share your thoughts, comments, or questions regarding this topic by submitting a letter to the editor here, or connect with us at newsroom@cbtnews.com.

Be sure to follow us on Facebook and Twitter to stay up to date or catch-up on all of our podcasts on demand.

While you’re here, don’t forget to subscribe to our email newsletter for all the latest auto industry news from CBT News.

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GM Oshawa Assembly is alive again

The initially Silverados constructed in Oshawa achieved dealer lots this thirty day period.

The automaker on Dec. 23 explained on Twitter that the truck bearing vehicle identification amount (VIN) 001 was on its way to Paillé Chevrolet-Buick-GMC in Berthierville, Que., winner of the rights to obtain the initially Oshawa-built  Silverado.

Bell could not say what portion of the plant’s output would be destined for Canadian sellers but stated that around time, GM will aim to build each individual Silverado sold in Canada in Oshawa.

The a person-12 months turnaround for Oshawa’s retooling was amid the fastest in GM heritage, Bell mentioned. A great deal of the automaker’s retooling staff, which usually spends months on-web site upgrading a plant, was based in the United States, and could not enter Canada due to the fact of COVID-19 limitations. As a outcome, GM lose a selection of a lot more classic methods.

“We weren’t equipped to get individuals across the border, and so the staff had to be very nimble and innovative,” Bell reported.

The group leveraged the new virtual norm in place of cross-border journey and used the microchip lack to its benefit. When the CAMI Assembly Plant in Ingersoll, Ont., was idled mainly because of the offer shortages, for occasion, GM put some of the plant’s staff to perform on the retrofits in Oshawa.

Ultimately, personnel mounted a lot more than 1,100 new robots, 500 kilometres of electrical wiring and 3.1 kilometres of conveyance.

‘BEGINNING OF SOMETHING’

The plant’s new generation crew reflects present day strides towards a additional assorted producing sector. 50 percent of the 1,200 new hires at the plant are women of all ages.

The end result is a direct consequence of the choosing team’s work to dispel the longstanding stigma about women of all ages in manufacturing roles, Bell reported. To advertise inclusivity, GM altered its career advertisements and rooted out bias in its education application that favoured physicality about good quality.

“With the devices, the engineering that we have, even building weighty-duty vehicles, it is not about brute strength, it’s seriously about performing that career right and carrying out it with a wonderful interest to element,” Bell stated.

As the new hires attain working experience, he mentioned, GM will be ready to attract from the pool of feminine expertise to improve illustration within just its administration. Now, women of all ages make up about 23 per cent of GM’s global workforce and about 20 for each cent of its executives, in accordance to the company’s 2020 sustainability report.

“Hopefully, this is the commencing of anything for the extended haul in all of our production facilities,” Bell reported.

Oshawa will operate on a solitary shift by way of this thirty day period just before ramping up to two shifts in early 2022. GM has crammed most of the 1,800 positions accessible at the plant and is in the final levels of training staff on the next shift.

‘CLEAN CANVAS’

Most are new to the five-million-sq.-foot (465,000-sq.-metre) plant, nevertheless all over 500 of the 2,300 employees who have been laid off when Oshawa shut in late 2019 retained their remember legal rights.

Unifor was transitioning the plant’s workforce when the retooling and restart had been announced, claimed union President Jerry Dias. Starting with a relatively “clean canvas” allow Unifor and the firm get the job done with each other on hiring a varied workforce, Dias explained.

A calendar year following that process began, when the to start with pickup rolled off the line, the quantity of youthful workers established a palpably expectant atmosphere, he reported.

“It’s not really normally that you commence a position and you believe, ‘Boy, I’m heading to be listed here for a long, long, very long time,’ ” Dias mentioned.

The city of Oshawa may perhaps no extended determine completely as an auto town, but Mayor Dan Carter stated the “psychological factor” of the plant’s reopening has reenergized the group. The restart of manufacturing suggests the town of 170,000 will proceed to maintain a prominent placement in the field, he mentioned.

“It will be various than it was 30, 40 or 50 a long time ago, but I imagine it will participate in an critical role,” Carter claimed.

Together with the work at Oshawa Assembly, components suppliers in the spot have been equipped to ramp again up, returning 1000’s of careers, Dias explained. It also broadcasts a crystal clear signal further than Oshawa.

“It’s showing … the declare of the demise of our auto industry was untimely, to say the least,” he claimed.

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Sanjiv Bhasin | Auto stocks to buy: 5 must-buy stocks in auto sector now: Sanjiv Bhasin

“This is the time to place your revenue the place your mouth is. I would undoubtedly be searching at a ton of the banks, industrials and outperformance from below onwards for India is on the playing cards in 2022. Equities will outperform all asset lessons at least for the upcoming two many years,” claims Sanjiv Bhasin, Director, IIFL Securities.

Heading into 2022 right after a 30{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} up transfer in the Nifty, are triggers however positioned for a far better go in advance?
You explained 30{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} up but you have not found a 7{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} slide which has been very, really hurting in the previous one particular thirty day period. This is the lull before the storm. The FTSE and the Dow Jones are hitting new highs as the range of Omicron variant infected hit new highs but the quantities are slipping pretty sharply also. In India, in the next two months, we will see significant figures but this could be the end of the pandemic and it may well direct to an endemic stage. So I am exceptionally bullish searching at new highs just before the Price range. This is the time to place your cash the place your mouth is. I would definitely be hunting at a large amount of the banking institutions, industrials and outperformance from right here onwards for India is on the cards in 2022.

Ought to just one reduce return anticipations even while the direction may possibly be larger?
We are in the most effective of the bull marketplace, the likes of which we have in no way witnessed.I think the next three yrs will be a bull market. Of program, a single simply cannot have the tempo which we saw previous 12 months and there will be bouts of profit scheduling or income chasing and other alpha but a person has to be stock precise and 1 of our particulars would be the financial institutions. They have been hit for no cause. Weaker sectors like energy, metal, cement have all outperformed. So NPAs are at a document very low and are likely to be there. Price tag of funds is the lowest and the arrival of retail investing can be a set off.



The next sector would be autos which have been strike by the chip scarcity. We are not looking at the index offering 30{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809}, 20{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} from below it’s possible on the playing cards but I would say that equities are in a really sweet spot for the following two-a few several years. Do not undermine a very little bit of tapering or inflation going high due to the fact that is a sign of progress. Equities will outperform all asset lessons at least for the next two years.

In the scenario of the vehicle sector, we are observing disruption with the EV forays. Now Bajaj Automobile is getting into EVs as effectively and location up a new plant at Pune. Wherever do you stand in the two-wheeler space right now?
That will be a element we are not heading to see the ICE go absent and simply because of a pretty strong retail comeback, 2022 will mark the comeback of the retail two wheeler current market since there are elections, a minimal price of money and a fantastic output on the farmer entrance. It will all outcome in getting. Hero Moto has invested in Ather. Ather is an unlisted inventory but it has more income than even Ola on the scooter entrance. Bajaj Vehicle is obtaining into it. So EV is a very attention-grabbing place and 2022 will belong to that.

I would counsel two OEMs which will be critical – one would be

which will cater to equally the EV and the ICE and the second a person would be Amara Raja. It is acquiring into a pretty huge foray with a Norwegian corporation which is the sector chief as significantly as batteries and EVs go. Lithium ion battery is a duopoly of Amara Raja and Exide. So I am really thrilled about Amara Raja. I imagine that could be a large outperformer.

We favor TVS, Bajaj Vehicle and Hero in that order and this is the time for obtaining these shares mainly because as soon as their income start out to pick up thanks to weddings, the farmer starting up to invest, we will see the two-wheelers choose off perfectly. So TVS, Bajaj and Hero in that get but the best picks are Amara Raja and Motherson Sumi.

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Nutson’s Weekly Auto News Wrap-up December 20-25, 2021


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Auto CENTRAL CHICAGO – December 26, 2021 Each and every Sunday Larry Nutson, The Chicago Automobile Dude and Government Producer, with ready support from senior editor Thom Cannell from The Vehicle Channel Michigan Bureau, compile The Car Channel’s “just take” on this earlier week’s automotive information, condensed into easy to digest information Nuggets.

Master Far more: Complete variations of present day information nuggets together with 1000’s of pages of relevant information and opinions, info stored in a million page library released and indexed on The Automobile Channel during the previous 25 yrs. Complete data can be identified by copying a daring headline and then inserting into any Web-site Lookup Box.

Nutson’s Automotive News Wrap-up – 7 days Ending December 25, 2021 Below are the earlier week’s vital, suitable, semi-magic formula, or snappy automotive information, opinions and insider back stories introduced as
expertly crafted straightforward-to-digest news nuggets.

CAFE Lives! * Final vehicle emissions rules comprehensive by the Environmental Safety Company are extra stringent than those at first proposed and set in position underneath previous President Barack Obama. Environmental and community wellbeing groups are placing pressure on President Biden to impose the strongest rule possible, which includes eliminating added incentives and credits that make it simpler for automakers to fulfill the requirements. Less than the last rule, the emissions reduction targets for 2023 to 2026 enhance in stringency from 5{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} to 10{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} in each and every product calendar year to achieve a fuel-economic system fleetwide average of 40 mpg in 2026, in comparison with 38 mpg below an August proposal. The regulations depict the most stringent federal greenhouse fuel emissions requirements to date and occur following a long time of reduce benchmarks put in position by former President Donald Trump. These polices place the fleetwide focus on at 32 mpg.

* Nonetheless, take note this. There is a evident loophole on the textbooks that has been amongst the single biggest contributors to greenhouse fuel emissions in the US around the past 30 years. Whilst the facts are a bit specialized, the upshot is the Biden administration is presenting nevertheless a further policy as a victory in the battle towards local climate change when it is a marginal enhancement at greatest and fails to suitable just one of the most obtrusive coverage troubles that has designed local weather adjust worse. Each individual new motor vehicle customer ought to study this: Listed here

Charger Eiquette* In a current report Wards Intelligence factors out that demand time may be replacing assortment panic as the top rated issue for BEV obtain intenders, modern consumer surveys point out. On typical, industry insiders believe by 2025, BEVs need to recharge to 80{cfdf3f5372635aeb15fd3e2aecc7cb5d7150695e02bd72e0a44f1581164ad809} ability in just 10-20 minutes, while here as well the sights are relatively divergent across the sector. About one-fifth to a person-third of BEVs available in 2025 are anticipated to have greater-voltage 800-900 volt battery packs that make it possible for for quickly charging, say the bulk of respondents in a study by Wards.

* Investment decision carries on in EVs. The US DoE reports in addition to electric powered auto battery vegetation that are already in operation in the United States, 13 further plants have been introduced and are predicted to be operational in just the subsequent 5 decades. Of the 13 vegetation that are prepared, eight are joint ventures among automakers and battery brands. Numerous of these new crops will be positioned in the Southeast or Midwest.

* From the Detroit Free of charge Push we read through a lot more than 1,000 buyers who assumed they’d get a new all-electric powered Ford Mustang Mach-E this year and qualify for the $7,500 tax credit history might be in for an uncomfortable shock. Ford Motor Co. alerted its dealers to desired seatbelt repair involving specific 2021-22 design 12 months Mach-Es, triggering a hold on any undelivered new autos. Shoppers can even now implement for the federal tax credit rating, it just could shift to calendar yr 2022 for some buyers. The credit is utilized to the calendar year a car or truck is shipped, not requested.

* Typical Motors reopened the Corvette plant in Bowling Green, Kentucky that was shut in the wake of tornado hurt. Substantial-pace winds moreover a hearth on the roof from the tornado that roared as a result of the area compelled the plant to close for a 7 days. Experiences vary on the amount of destroyed Corvettes, but additional than 100 cars have been weakened past repair and will be scrapped.

* Automotive News studies that GM has delayed output of the Chevrolet Bolt EV right up until February. GM also has suspended sale of the Bolt EV. The automaker in August widened its recall of the Bolt to additional than 140,000 autos to switch battery modules soon after a collection of fires. The National Highway Traffic Basic safety Administration has an ongoing investigation into the battery fires.

* A Quotewizard.com research says your car’s make and model is an essential issue in identifying what you pay for vehicle insurance coverage. The Tesla Model 3 is the most high-priced well-known car to insure. The Jeep Cherokee and Subaru Forester are the cheapest well-liked cars and trucks to insure. Have appear at the facts In this article

* Automakers are progressively turning to way of living events to arrive at new buyers. Previously in December at 2021 Artwork Basel Miami, BMW, Lamborghini, Lexus, Lincoln, Lucid and Mercedes-Benz all have been existing in South Beach with motor vehicle displays. BMW chose Art Basel fairly than an automobile clearly show to reveal the Principle XM, the to start with electrified M design.

* At the forthcoming CES 2022 in Las Vegas, Nevada, on January 5-8, 2022 Stellantis shows will consist of Citroën Ami city EV, Citroën long run mobility notion, 2022 Jeep Grand Cherokee 4xe outfitted with Uconnect 5 in-car or truck-engineering program, DS Cars Formulation E race motor vehicle, Fiat New 500 and a Chrysler Airflow notion vehicle.

* Automotive News reports Basic Motors and Waymo are the hottest businesses to terminate CES strategies above COVID-19-similar problems. GM CEO Mary Barra had been scheduled to give a keynote speech at the yearly convention on Jan. 5, for the duration of which the corporation would have proven its electric powered Silverado pickup for the very first time. Barra will still make the speech and presentation more than the online, a spokesman stated. Waymo experienced planned to screen its new Course 8 Freightliner Cascadia truck for the 1st time. Designed with redundant autonomous methods in collaboration with Daimler Vans, the system is a lynchpin of Waymo’s emphasis on self-driving trucking. Twitter, T-Mobile, Amazon and Meta (Fb) said they would not participate mainly because of health and fitness worries. Technology-focused media outlets these kinds of as TechCrunch and The Verge have also withdrawn.

* Dodge declared a new Direct Relationship overall performance areas lineup, pieces catalog and technical hotline. Immediate Link is the Dodge brand’s unique resource of factory-backed overall performance parts, that will include things like: New “Tuner” and “Stage” kits that can strengthen the Dodge Challenger SRT Hellcat Redeye and Challenger SRT Hellcat up to 885 horsepower and 750-additionally horsepower, respectively 14 new functionality kits for the output Dodge Challenger 13 new race-prepared kits and 4 graphics deals for the Dodge Challenger Mopar Drag Pak. The new Immediate Connection elements catalog, is offered for obtain at Dodge.com/dodge-muscle.

* Tesla is below pressure from U.S. basic safety regulators since it will allow video clip video games to be performed on heart infotainment screens even though cars are transferring. In response Tesla has agreed to cease permitting the video games to be performed with its “Passenger Enjoy” feature. A software update sent out about the online will lockout the aspect.

* Ford is recalling almost 185,000 F-150 comprehensive-dimension pickups. The 2021 and 2022 design-yr vans have driveshaft challenges that could trigger it to fracture. The situation only has an effect on specified F-150 Crew Taxi 4×4 pickups.

* Autoweek stories two-time CART winner and previous F1 racer Alex Zanardi carries on to recuperate from a close to-deadly handbike crash in which he was struck by a auto whilst racing in Italy in June, 2020. His loved ones is joyful to report that at the very least now he has been capable to transfer from a rehabilitation clinic to his house. Spouse Daniela gave an update on Zanardi’s situation that was released currently on a BMW Group web page. Zanardi, who was a 15-time winner in Indy vehicles, is a BMW Team Ambassador.

* Shunji Tanaka, a key designer of the iconic Mazda Miata, has died. He was 75. Tanaka led the exterior and inside structure of the Mazda MX-5 Miata, a lightweight Japanese roadster influenced by postwar-period British sporting activities cars and trucks. The vehicle went on sale in the U.S. in May well 1989 with a commencing price of $13,800 and a 1.6-liter 4-cylinder motor with 116 hp.

Satisfied Xmas!

Remain harmless. Be Well.