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Sales Headed for a 'Cliff'? (11/30/12)

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  1. auto show0:58
  2. Jeff Gordon0:26
  3. tax credits2:02
  4. Las Vegas0:33
  5. Tesla Motors1:48
  6. Wells Fargo2:54
  7. lithium ion batteries1:38
  8. Economic indicators2:43
  9. New polling4:10

Fri, 30 Nov 2012|

Will political fight put the brakes on sales?; SS a halo hope for Chevrolet; Fusion takes green honors; Chrysler museum's fate.


Automatically Generated Transcript (may not be 100% accurate)

Hello I'm -- -- with pink Friday addition of first shift. It's the end of the month and that means in November's sales preview -- -- -- his report after today's headlines. -- think a little bit little a closer look at what the Chevrolet SS really does. NASCAR driver Jeff Gordon on hand and as -- marked its return. To their rear wheel drive -- business Thursday in Las Vegas. That when he fourteen production at as goes on sale in the third or fourth quarter of next year. Excluding police cars checking hasn't sold a rare tracks again in the US in nearly two decades. North America president mark Roy says he expects the car to build excitement around the brand and meantime at the LA auto show introducing. It. -- showing off a mid cycle changes to this Saturday. That car I get expensive interior and exterior upgrade. The -- few things named green car of the year at the show. -- car. Can plug in hybrid for changed. -- says production of its karma plug in is on hold. This as the company awaits a sale of the -- 23 systems plant in Michigan and may car's lithium ion batteries. He went to three's at that -- -- to be sold at auction next week as story is from Bloomberg. Tesla Motors is raising the base praise of the all electric model I asked by 2500 dollars. The new price. 59900. That's before that -- 500 dollar federal tax credits. And though Walter. CNN suburban Detroit will close to the public years and this follows years of financial challenges. In museum is on the crimson headquarters campus. Automaker plans to bind the museums and that's first several million dollars this site will be -- in his first special exhibitions. November US auto sales are out Monday. Are adjusting Snyder -- underlying strength and two wild cards. Jennifer November selling rate could be as good as September's maybe the best since early 2008. Economic indicators are looking better pent up demand is strong most forecasters are upbeat. Toyota sees -- selling rate of fourteen point eight to fifteen point two million the same for Wells Fargo. True car fifteen point two Barclays fifteen point three. You see that's spread in the forecast. Well we have two wild cards one is positive but the other is. Congress and the -- Let's start with hurricane sandy. The big storm that hit the East Coast up maybe a quarter million off -- October sales very well know most buyers who couldn't get to dealerships in October Woodson returned. But replacement autos. Are people whose cars washed away already in the showrooms now most of them don't have the settlement checks yet those are December sales. But there's also losses at dealerships. And imports call it a 100000 units. Maybe dealers and auto makers don't have insurance checks yet either but the salt so vehicles are complete write offs. Those are November sales that's the upside. Then there's congress and it's self imposed booby trap. Without a deal by year -- taxes will skyrocket in federal spending will plunge perhaps triggering a new recession. Now most grownups want stand flat footed in front of runaway Mack truck. -- this is congress. New polling shows two thirds of us expect congressman to act like spoiled children in negotiations. Yeah me too. Bottom line. Americans don't think politicians and avoid a fiscal meltdown. So despite the improving economy and pent up demand. Congress could make selling cars a bit tougher. Jennifer. Thanks Jesse. Finally Subaru adding a milestone sale to its November results. This week the company sold its six million vehicle in the U last after more than four decades of cells that model. 813. -- to be -- track sold as Subaru of Georgetown. In Georgetown taxes. And thanks so much for watching first -- joint town war back and other news now later on have a great weekend.

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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.