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Suzuki Quits U.S. Autos (11/6/12)

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Tags:

  1. automobile sales0:55
  2. American Suzuki0:29, 0:41
  3. Chapter Eleven0:38, 2:30
  4. BMW's1:55
  5. lithium ion battery2:13
  6. John David3:33
  7. John Davis3:49
  8. Johnson Controls2:26
  9. Suzuki motor corporation1:05

Tue, 6 Nov 2012|

A C-Max Hybrid buyer embarks on a mission; Suzuki ending U.S. auto sales, seeks Ch. 11; Olympic swimmer's Nissan ad.

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Automatically Generated Transcript (may not be 100% accurate)

Good to -- you on this Election Day Tuesday I'm Jennifer bond. Lost and PG. Health are leery Fella cat get more mileage out of his -- Max stay tune after these headlines. Lowe's sales litigation costs and unfavorable foreign exchange rates. Have proven too much for American Suzuki. The company announcing late yesterday. That it will stop selling cars in the US as it filed for Chapter Eleven bankruptcy protection and American Suzuki it will continue its motorcycle and marine engine business unit's annual -- auto customer warranties. In his statement the company said quote. While the decision to discontinue. New automobile sales in the US was difficult to make. Today's actions were in applicable under these circumstances. Japanese parent company's Suzuki motor corporation. Is not filing for bankruptcy. Suzuki has about 204 US dealers. Those retailers had sold just over 21000 vehicles after October. That's 5% lower than last year in an overall market that's up 14%. Suzuki reached its US sales -- five years ago topping 100000. He's son has cut its full year net income forecast by 20%. To afford billion dollars. This after anti Japanese protests caused sales in China to tumble. Nissan's net profit rose almost 8% in the July to September period. To about one point three billion dollars. BMW's earnings increase to 14%. In the third quarter. As growth in China helped offset a market downturn in -- Earnings before interest and taxes rose to nearly two point six billion dollars. They want to lithium ion battery maker they want to three systems. Has won court approval to borrow fifty million dollars from Chinese auto parts giant ones young group. Bloomberg says one -- on replaces Johnson Controls. As the lender for you want to threes Chapter Eleven case. Finally. Say we're surprised by this one. Hyundai and Kia had been hit with a federal lawsuit. Filed on behalf of three consumers who -- vehicles whose fuel economy was overstated. This suit was filed in Ohio. It seeks unspecified damages and class action status. On Friday at the auto makers admitted selling some 900000. US vehicles from the when he 11102013. Model years. Within pleaded mileage ratings. Fourth has been touting this -- -- hybrids EPA rating of 47 miles per gallon in the city. 47 on the highway and 47 combined. Well Mary -- cat recently bought one. And after logging more than a thousand miles he was averaging slightly over 37 and PG. So wet for its invitation. He went chief engineer for this -- -- John David tough out what was going online. OK so tell me a little bit about the five who box here. Sure so we have. What we really called coaching tools in the left hand side of the screen because -- mark age. John Davis -- along with me in my C -- passing along tips for the best -- to accelerate. Optimal method for breaking and what he calls -- Paulson glide system. Really sort of coasting technique course every chance we do that we can drive more on -- electric power. And or recapture some energy is needed. And that's another one of our efficient driving techniques from a hybrid perspective. After reviewing onboard displays -- my driving habits Davis decided that my biggest problem speed. With a 120 mile daily commute to work more than half of the round is on the highway. With a legal speed limit of seventy miles per hour. The ability to really use the TV system to its capability is up to 62 miles an hour. What happens is if you drive it speeds say it 75 miles an hour and greater. You can see efficiency loss as much as 1520 area that point 5%. So that's how important speeded. Bottom line his suggestions to improve MPG. Use the C matches cruise control on the highway as much as possible. And accelerate and brake more evenly and some good news he says mileage will rise up to 2%. When my cars -- -- I'm willing to keep trying to reach the promised 47 number but if I never make it well there's always diesel. Thanks Larry and of course will let you know if you reaches that 47 goal. Now if first shift at flash. -- -- in eleven time Olympic not a list for a new ad campaign. Hi I'm Ryan not reminding you to make a powerful first impression. You may not have one -- but you can be gold in the all new Nissan century. And online spots locked he helps to -- UT series centered on the theme did better with center. It all the couple through dating miss -- while promoting key features of their redesigned car. You can check out the comedic episodes and -- -- YouTube channel. Thanks so much for watching your show and just forget to go to the polls and vote we'll see you 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 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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