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A Deal for Suzuki Dealers (11/8/12)

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  1. South Korea3:02
  2. New Jersey2:16
  3. GM4:19
  4. development institute3:29
  5. debit card1:37
  6. Suzuki0:20, 0:35, 0:37
  7. class action status1:13
  8. Honda1:49, 2:30, 2:38
  9. motor corporation0:38

Thu, 8 Nov 2012|

Quick cash for retailers who give up franchises, storm claims 15,000 vehicles, another lawsuit filed over Hyundai-Kia MPG.

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Automatically Generated Transcript (may not be 100% accurate)

It's -- the addition of first shift I'm Jennifer bond. Coming up breaking down a body of steel. We'll tell you more after these headlines. A bankruptcy judge has given American Suzuki interim approval to Barley as much as 45 million dollars. This as the company shuts auto dealerships. And a revamped motorcycle and boat sales. Bloomberg says American Suzuki Japanese parent company Suzuki motor corporation. Will offer dealers cash payments within ten days if they voluntarily. Scrap their franchise agreements. It's an attempt to avoid a long court battles with the auto makers 216. US retailers. He's Suzuki lawyers saying various state laws normally protect dealers. -- auto manufacturers. Tried to force them to shut down. Hyundai and Kia which had admitted to making bogus fuel economy claims. Had been hit with eighth -- US civil suit seeking class action status. The latest case was filed Tuesday in US central district court in Los Angeles on behalf of 23 playing tests. It -- 775. Million dollars to compensate owners. Who's a resale value is has been damaged by -- played it -- -- -- -- years. This suit states that proposed debit card pay outs to buyers of nearly 900000. Hyundai and he have vehicles. Don't make up for the drop in value. And it needs son at Toyota Honda Chrysler and their dealers. Just scrap more than 151000 new vehicles damaged by super storms candy. Need them alone estimates more than 6000 cars and light trucks are quote un saleable because of the storm. That figure includes infinity. Toyota says -- -- thousand Toyota and Lexus vehicles were at the company is port facility in new York New Jersey when the storm hit. And that just under 3000 and then will likely be scrapped. Another 825. Vehicles into you dealer inventory. Were damaged by CNV inking nappy soul. Honda and Acura dealers expect to have to scrap about 3400 vehicles. Plus 500 US built Honda. For export were -- image at the court. Chrysler it's that it's Steelers lost about 750. Vehicles because of the storm. That report is from Bloomberg. Separately Reuters -- and not lost an undisclosed number of new Chevrolet spark the sub compact sedans. The cars had been shipped to the -- from South Korea. I don't makers are using more advanced high strength steel to cars safer and later. And that's posing a challenge for emergency workers. The first. In a way that -- last. They -- stronger steel grade isn't -- more difficult for some first responders. To free that downs from late model cars in an accident. This deal market development institute. Addressing the issue with this video to EMS crews prepare and be equipped to cut through the material. Our scenario is that that sent her -- is as obstructing. Patient removable and that's when the crew for the first time. Will be confronted with -- working away at the advanced high strength steels battery inside the structure of the B pillar. The demonstration. Done on 811. Nissan Altima. Now in its first shift footnote bill is in a strained a super storms -- relief effort. L financial is offering a ninety day payment deferral programs for customers in affected area. They deal applies to the purchase of 2012 and when he thirteen GM and Chrysler vehicles financed by allies. The program ends January 2. If you're on face but check us out at other news.com slash. And don't forget -- like her -- and we'll see you Friday.

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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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