News by Brand
Home>Topics>>Tata Nano: U.S. bound (10/15/12)

Tata Nano: U.S. bound (10/15/12)

Get Adobe Flash Player to see this content.
+

Tags:

  1. jaguar1:08
  2. United States0:28
  3. Peter Brady1:31
  4. Toyota Lexus2:40
  5. GM3:37
  6. Automotive News0:34
  7. Japan earthquake2:20
  8. Tata Group0:32
  9. loyalty rate3:00

Mon, 15 Oct 2012|

Target for American version of world’s cheapest car is $10,000; Volvo to idle plant; Snyder: Honda, Toyota comeback obstacle

+

Automatically Generated Transcript (may not be 100% accurate)

Welcome back -- Monday edition I first checked and Jennifer bond. Coming up what Torino and Honda are surrendering to finish 33. -- Snyder has that report after these headlines. Yeah. She. Does not content and now it's coming to the United States. So says her time Todd Todd chief of India's Tata Group. He tells Automotive News that a car touted as the world's cheapest. Is being re designed for I think you wax. And he says it will be far more sophisticated. Than the current model. It sold for about 2500 dollars went and made its debut in India three years ago. Target price for the US -- under 101000 dollars. And while rival is expected in three years. Contact says it's too early to talk about eight distribution channel. The company owns jaguar and Land Rover. -- cost the US cheap but those brands says there have been no discussions about selling the nano through his dealer network. Chrysler group is making its natural gas powered ram pick up available through retail buyers. At first that truck was only useful to -- But dealership network chief Peter Brady tells Bloomberg. That all of dealers were able to order the -- when he 500 heavy duty CNG pick up starting last month. Rights -- CEO Sergio -- unique has argued that natural gas engines. A more viable -- electric cars and plug in hybrid. And of -- low will stop production at its main plant in Sweden for a week later this month. The reason soft demand in -- To -- and Honda customers keep coming back. But our -- -- says once he isn't everything. Jennifer this year Toyota Motor sales and American Honda are doing a terrific job of winning back volume they lost last year. After the production was crippled by the Japan earthquake. They can -- -- extremely loyal customers for the comeback. But there's trouble on the horizon. They're old customers are very loyal but new customers. Harder to find. Let's look at some fascinating data on loyalty and conquest rates from Edmunds dot com for Toyota Lexus. And Honda Acura. And compare 2008. With the first nine months this year. Now for years Toyota and Honda led the pack on both loyalty. Defined as what existing customers buy next and conquest defined as what new customers had before. Third does loyalty rate hasn't budged both years 62%. Honda -- even improve four points since 2008. To 61%. But look at conquest rates for years ago 61%. Of Toyota's sales -- conquests now. 47%. Less than half. Same thing at Honda before 61% of customers came from outside now also 47%. So who are Toyota and Honda conquest and molest these days in a word. Detroit. Just four years ago Toyota got 40% of its customers from GM Ford or Chrysler. Now less than a quarter and -- Detroit conquest rate from 34%. Down to 22%. Bottom line Toyota and Honda customers are extremely loyal but it's harder for both automakers to win customers away from other brands. And bats a new limits on their long term growth potential. Jennifer. Thanks Jesse. Finally a first shift footnotes. If you can't find a better car I. Former Chrysler boss Lee Iacocca. Turns 88 today. That is -- show -- more back we'll have her afternoon update on odd -- now we'll see you Tuesday.

Related Videos:

  1. Toyota Plans Pay Overhaul (1/27/15)

    Tue, 27 Jan 2015

    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 news.com 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.

  2. Import Dealers' D.C. Agenda (1/26/15)

    Mon, 26 Jan 2015

    CFPB, trade issues on new leader's priority list; the Gen-Y workplace; Toyota sales projection; big hopes for Buick, GMC.

  3. Ford's Growth Message (1/23/15)

    Fri, 23 Jan 2015

    Ford exec on what's next after product launches; J.D. Power's annual franchise health report; fate of the buy-sell boom.

  4. AutoNation's Quest to Click (1/23/15)

    Fri, 23 Jan 2015

    Jackson: Buyers 'not as delighted' as should be with auto retail; big role for big stores; diversity drive; Toyota-Tesla fuel flap.

Advertising