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Reinventing TrueCar (6/25/12)

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  1. General Motors1:18
  2. market place3:36
  3. next generation1:00, 1:51
  4. BMW0:20, 0:43, 0:51
  5. Fremont California2:34
  6. ion batteries1:02
  7. Chevrolet Tahoe1:28
  8. Tesla Motors2:28
  9. New York1:57

Mon, 25 Jun 2012|

Under fire, website makes changes - and dealer numbers are climbing back; a Toyota-BMW green team?; GM's Texas three step.


Automatically Generated Transcript (may not be 100% accurate)

Hope you enjoyed your weekend at that time. Later we speak with true cars married nominee but first let's -- making news. What you know reportedly plans to step by BMW. With hybrid trying to train systems and hydrogen fuel cell technology. The agreement with deep in a green card tiny apple forged last December. They deal recorded Monday by Japan's Nikkei business daily in over the weekend by Germany's der Spiegel magazine. You had a president accurately -- and BMW CEO Norbert right over -- made an announcement this week in the case that. Late last year that companies that BMW with the plight we yoga with small displacement clean diesel engines. In return -- would work with BMW. To produce next generation lithium ion batteries for hybrid. That's probably news now. Leo this says that starting next me Yaris compact cars destined for North America. Willie Mae and hand rather that Japan. General Motors plans to add a third shift of about 800 workers. And at Arlington Texas a public and early next year. That factory builds the Chevrolet Tahoe and suburban. GMC Yukon and Cadillac Escalade SUV. Employees on the plant's current two shifts are frequently been forced to work overtime since the end at 2009. In order to keep up with the man. Also GM officially launching production. Of next generation and and it's kind of want to pension plan in Buffalo, New York. The 2.5 leader and two liter Turbo engines will power that when he thirteen Chevy Malibu and Cadillac eighteen yet. -- son says its joint venture in China Dong -- motor. Will build a 785. Million dollar factory in the north eastern part of that country. Finally. And -- rock would you please take this car to Chicago -- -- Tesla Motors began delivery is of a model ascent and Friday from its factory in Fremont California. A corporate metamorphosis. That's quite true cars -- Domenici says his company had undergone. We've reached a point where the dealers recognize the fact that we are trying to develop a bit of sustainable ecosystem with the dealers helping them. Give customers a good experience and have a satisfied customer lost have been profitable. Late last year the auto shopping website came under fire from dealers and regulators. After touting deep discounts for consumers. -- -- told visitors to its website today participating dealer would guarantee a specific price that was a little factory invoice. Downey says now this fight for first to discount below sticker prices. He also says when the company Brazilians TV advertising. And then message will be less about the deal. I think you're gonna see an advertising enticing campaign that. Just talk about the advantage of knowing a fair price the market place. But also that you know the relationship with the dealer and that that partnership you develop as a customer with a dealership is an important piece of the -- while. Down -- me if former top Nissan executive. Senate changes are bringing dealers back into that true car full. We peaked at about 5500 dealers back in December of 2011. We dropped as low as about 3500 dealers back can now march April this year and now one check your backup -- about 4300 dealers and climbing literally every single thing. In addition to other changes -- cars new operating model. In line with its online shopping competitors such as cars dot com and Edmonds dot com. Downing the stock -- offices last week. That and our show you can find us on Twitter at first underscored shift wealthiest soon.

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    It's Tuesday and you're watching first step I'm Ursula is a rally. Coming up how Nissan is putting ladies first in Japan. Now Jennifer Vaughn is in the newsroom at your headlines. Things are Islam. Twit you know is changing the way it pays factory workers in Japan and then keep financial daily reports that the new system will focus on performance instead of seniority. The auto makers labor union has been told the plan. Toyota hopes to roll it out to about 60% of its workers in January. 1 goal attracting young talents. Here now are some more detail on billionaire George Soros says plans to invest in car dealerships. Two sources who heard a representatives speak any private dinner in San Francisco this weekend tell Automotive News. That Soros Fund Management is prepared to invest as much as one billion dollars in the business. The representatives said Soros has no intention of running car dealerships. The fund's goal would be to keep the current management in place and help with that capital strategies. The firm is set to be talking with several interested parties. The latest telling you for confirmed deaths are linked to defective at General Motors ignition switches its fifteen. The deadline for filing claims is this Saturday. Kenneth Feinberg the victim's compensation attorney hired by GM to a suspect claims. Exposed to be reviewing Perry class well into a sprained. Check back. Finally the hair raising power in performance of the AMG GT. That's what Mercedes will be touting in its approval added this Sunday. The latest tape and the tortoise vs hare fable. Made its debut on the Ellen DeGeneres show yesterday. Why create TV buzz now. Burst in any marketing VP drew Slavin says half the purpose of AC global ad. Is getting people involved in the discussion before the game. What is the what what you write toilet like mail for Allison can you explain what Internet as. I mean. What is I three anyway Allison BMW unveiled its commercial on The Today Show earlier yesterday. You can watch if not ears of Super Bowl ads at auto slash super ads Ers flown back to you. Thanks Jennifer and he said he plans to put more females to work in Japan by doubling the number of sales woman took 14100 but 2018. And funny thirteen the auto maker began designing Japanese dealerships for mothers. By putting many cars on the show floor and offering nursing rooms and play areas for children. On Friday the auto maker said it will triple its ladies first dealerships. To 300 in the coming fiscal year and aims to have 700 by 2018. According to Bloomberg. And we'll stay with Nissan for a first shipped back to. Yeah. One million that's the number of vehicles automaker has exported from United States. This vehicle was manufactured in sneer at Tennessee and will be sold in South Korea. Nissan has been building cars in the U lasts for 31 years. It's two US plants now export vehicles to 68 global markets. To have achieved more million units of exports. Proved so we're making it attractive. I'm globally competitive products. And that's our show for today thanks for tuning in.