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GM-Peugeot: Progress (10/22/12)

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  1. Lincoln2:24
  2. General Motors0:18
  3. auto show0:53
  4. back to school0:13
  5. vice president2:23
  6. GM0:28, 1:02, 1:05
  7. Sao Paolo0:52
  8. Korea Development Bank1:07
  9. North Carolina2:08
  10. Florida3:01

Mon, 22 Oct 2012|

GM CEO expects update by Oct. 31; Chrysler seeks to make Jeeps in China; Hendrick, AutoNation dealer universities

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Automatically Generated Transcript (may not be 100% accurate)

And they Monday edition of first shift I'm Jennifer bond. Later on other dealers go back to school but first daily headlines. General Motors CEO Dan Akerson says. His company is making progress on its alliance with printed PSA -- shows that throw line. GM has set an October 31 deadline for an agreement on product development and the supply of vehicles and power trains. Said Akerson. It's just say we'll have something to comment publicly on by that date. He also noted that the deadline allows for a postponement. Akerson spoke to Bloomberg in Brazil before the Sao Paolo auto show. Inpatient meanwhile GE and it may be looking to gain complete control of it felt Korean unit. GM now owns 77%. Did GM Korea. That Korea Development Bank owns 17%. And that they CEO says GM international chief Tim Lee has been an informal offer to buy the bank's -- No comment from GN. This state run bank has the power to Vito GM's decision ends. GM curry builds about 25% of all Chevrolet is sold globally. And it cheap production and it may be returning to China. He Chrysler Asia boss Mike Manley telling Bloomberg. That Fiat is in very detailed conversations. With Chinese partner -- show automobile group about making jeeps. Jeep sales have doubled in China this year. Some of the nation's biggest dealership groups are putting employees. They're -- coaching for sure and six that. And Hendrick automotive group is one event. Next with headquarters in Charlotte, North Carolina. Is Hendrick university. Before the school's founding in 1999. Employee turnover rate with that 53%. Now 30%. University of vice president John Lincoln says well trained employees. Are simply going to perform batter. But more importantly he says the tour really comes into play when there's a trying situation. Today this school offers more than twenty courses on topics such as sales techniques and financial services. The nation's sixth largest retail group which operates 84 stores. Spend more than one point five million dollars a year to run the school. All employees can attend. Now about 700 miles away in Fort Lauderdale, Florida is other nations headquarters. Where most of its class is -- general manager university program are held. The largest dealership chain in the US requires every general manager hired or promoted there. To go after the yearlong program. The goal to teach managers how to six feet in the AutoNation world use it systems and processes. AutoNation COO -- Ernie says. It's very difficult for someone out why the organization. Economy and NB -- I did then if they have good car scale. To read more of these stories check today's print issue of Automotive News. Now -- first shift facts 24 hour. That's that many dates apply on October 1 the lowest in the industry. Following mini Hyundai. Kia Audi and BMW. That is next time for now. We'll -- you back here tomorrow.

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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 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.

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