plus 4, NAFA's Pacific Southwest Chapter Holds Annual Meeting at Los Angeles ... - Newswiretoday.com |
- NAFA's Pacific Southwest Chapter Holds Annual Meeting at Los Angeles ... - Newswiretoday.com
- Should You Ignore an Auto Recall? - MSN Money
- Business / In Brief - Maui News
- Business Outlook: Consumers Are Opening Their Wallets Again - BusinessWeek
- Ending Fuse Confusion - WTOP Radio
NAFA's Pacific Southwest Chapter Holds Annual Meeting at Los Angeles ... - Newswiretoday.com Posted: 03 Dec 2009 02:28 PM PST NAFA's Pacific Southwest Chapter will hold its annual meeting at the Los Angeles Auto Show on Tuesday, December 8, 2009. The luncheon meeting, held at the Los Angeles Convention Center, features presentations by OEM representatives who will provide a brief overview of their latest models and advancements in vehicle technology, as well as plans for new products. After the presentations, attendees will be free to tour the floors of the Auto Show on their own. Meeting registration is scheduled 10:30 am to 11:30 am, followed by lunch from noon to 1:30 pm. Admission is $50 per person and includes a ticket to the Auto Show. Walk-ins are welcome; however, Auto Show tickets and meals may not be available to walk-ins based on commitments made in advance with the convention center. Attendees should park in the West Hall Parking off 11th Street, between Figueroa and Cherry Street. Parking is $12. The LA Auto Show ticket may be picked up between 10:30 am and 11:30 am at the West Hall Entrance Information Desk located to the left of the main ticket booths. Attendees arriving after 11:30 am must purchase an Auto Show ticket to proceed up the escalators. Due to security protocol, the Los Angeles Convention Center will not allow anyone up to the meeting rooms without an Auto Show ticket. Once you have your ticket, attendees should proceed up the escalators to Meeting Room 511. The NAFA registration table will be outside Meeting Room 511 with representatives to process your payment to attend the lunch meeting. The Los Angeles Auto Show (laautoshow.com) features more than 30 world and North American product debuts, including the U.S. production version of Chevrolet's fuel-efficient Cruze sedan. It is an OICA sanctioned international exhibition that is also endorsed by the Greater Los Angeles New Car Dealers Association. This year's event runs from December 4-13, 2009. NAFA's Pacific Southwest Chapter encompasses Southern California from San Louis Obispo and south to the border of Mexico, the State of Hawaii, and the Las Vegas, Nevada area. Membership consists of professionals from all aspects of fleet management including municipalities, corporate, State Police, manufacturers, remarketer's, lessor's, etc.
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Should You Ignore an Auto Recall? - MSN Money Posted: 03 Dec 2009 02:07 PM PST One of the largest recalls on record, 3.8 million Toyota and Lexus brand cars were called into dealers to replace rubber floor mats that would shift position and jam the gas pedal, causing unintended and rapid acceleration. Over the past two decades, from defective Firestone tires on the first-generation Ford Explorer to Toyota's current troubles with slipping floor mats, major oversights in the automobile research and design process have caused carmakers to recall millions of vehicles worldwide. This can leave car owners anxious, confused and infuriated. Yet, even as federal law has pushed manufacturers to swiftly address auto defects, a surprising number of consumers still ignore recall notices, even though the free repairs can rectify potentially disastrous design flaws. It's true: One in every four car owners fails to bring their auto in for recall work, according to the National Highway Traffic Safety Administration, which collects consumer complaints, coordinates recalls with manufacturers and monitors results. And that's just for cars. In recalls of child safety seats, only half of the owners respond to the campaigns. And for tires — one of the more safety-sensitive components on a car — the recall response rate dips below 30 percent. Whether it's procrastination, indifference or plain oversight, safety and consumer experts say that gap is leaving owners and passengers at risk. "It's imperative that the public take recalls seriously and bring cars in for repairs," says Eric Bolton, a NHTSA spokesman. "It's a potentially life- and limb-saving issue for you, your family or even other motorists." Watch Video: Toyota Recalls 3.8 Million Vehicles Better Cars, but Not Perfect Even so, problems still get past even the most stringent quality-control experts and can affect both the most complex of systems and the simplest, taken-for-granted components. Take the recent recall by Toyota of 3.8 million Toyota and Lexus brand cars. The rubber floor mats in certain models can shift position and jam the gas pedal, causing unintended and rapid acceleration. Read: 2009 J.D. Power Initial Quality Study There's an easy interim fix for this problem. Toyota and NHTSA recommend that affected owners simply remove the mats as the investigation continues. But for many recalls, publicity is less widespread and the fixes more complicated, which spotlights the need for consumers to stay abreast of the issues that might affect their particular model vehicle, unless they want to bear the full brunt of a costly design-related repair on their own. Automakers use state auto registration data to track owners and then notify them by mail about a recall. But Clarence Ditlow, executive director of the Center for Auto Safety in Washington, D.C., says that some owners inevitably fall through the reporting cracks, especially if they own older model vehicles that have traded hands. Recall data suggest that 20 percent of owners who don't have repairs performed say they never received notice, Ditlow says. Exhaust Notes: Toyota Recalls 110,000 Tundra Pickups Stay Informed, Stay Safe Carfax, a company that provides in-depth vehicle reports for a fee, now offers a free recall check on its Web site. Owners can enter their 17-character vehicle identification number — the VIN that's displayed on every car's upper dashboard — and find out immediately if it has a recall defect. Discuss: Have you ever received a recall notice? Did you address it or ignore it? However, your dealer should be a consumer's first line of defense when it comes to recalls, according to Auto Safety's Ditlow. Owners should make a point of inquiring about new or ongoing issues when they bring their machines in for scheduled maintenance. The same goes for asking what's new in the technical service bulletins, or TSBs, which manufacturers issue to dealers and technicians, alerting them to potential problems with models and offering repair solutions. This content has passed through fivefilters.org. |
Business / In Brief - Maui News Posted: 03 Dec 2009 12:34 PM PST Late car payments in Hawaii on rise HONOLULU - Hawaii car owners are falling further behind on their loan payments. The credit reporting agency TransUnion says the state's third-quarter auto delinquency rate stood at 1.18 percent. That's up 59.5 percent from 0.74 percent in the third quarter of 2008. The delinquency rate is the rate at which payments fell behind 60 days or more. Hawaii ranked fifth nationally out of 50 states and Washington, D.C. The state was 22nd a year ago. The national delinquency rate last quarter was 0.81 percent, slightly up from 0.80 percent in the third quarter of last year. Hawaii economist Paul Brewbaker the states with the greatest toxicity in credit delinquency already have burned through most of their credit problems, and Hawaii is in kind of a ''catch-up situation.'' ***** State DLNR offering lands for lease HONOLULU - The state Department of Land and Natural Resources is looking to raise money by leasing industrial and commercial lands. The department said Wednesday that revenues will fund repair and maintenance of state parks, trails and small-boat harbors. Department Director Laura Thielen says the renewed focus to issue long-term leases on vacant or soon-to-become vacant state lands is fundamental to the agency's Recreational Renaissance plan. Oahu listings include two parcels totaling 105 acres in east Kapolei, six vacant industrial-zoned lots in the Waipahu Mill Town Business Park and a 110-acre parcel located within the Campbell Industrial Park. There is also 13.7 acres of currently limited industrial zoned properties situated in Waiakea on the Big Island. This content has passed through fivefilters.org. |
Business Outlook: Consumers Are Opening Their Wallets Again - BusinessWeek Posted: 03 Dec 2009 01:53 PM PST Despite weak labor markets, heavy debt, and low confidence, U.S. households have already begun to spend, especially on servicesBrowse Issues
American consumers have always been a resilient bunch in the face of adversity, but last year was just too much to handle. They can be excused for bailing out amid $4 gasoline, plummeting home prices, and fears of another Great Depression. A year later, however, households are once again doing what they do best. They are spending—cautiously, but with enough punch to keep the economy moving forward. The road ahead for consumers will be hard, yet the recent upturn in their spending is both encouraging and surprising. Outlays adjusted for inflation and excluding autos grew at a 2.6% annual rate from May through October. That's not too shabby considering weak labor markets, bombed-out household balance sheets, and damaged confidence. Plus, given solid gains in both September and October, non-auto outlays are on track to rise faster this quarter than they did last quarter. The momentum is most evident in spending for services, which account for two-thirds of all consumer outlays. Over the past three months, inflation-adjusted spending on everything from housing to health care to recreation has grown at the fastest pace in more than two years. As a result, despite the sharp drop-off in car sales as the cash-for-clunkers program ended, overall consumer spending this quarter is set to contribute positively to economic growth for the second quarter in a row, something that seemed doubtful only a couple of months ago. The key factor accounting for the resilience: Job losses are diminishing, allowing income from wages and salaries to stabilize, while non-wage earnings from rents, assets, and small proprietorships have grown. The government's October report on personal income included significant upward revisions from April through September. The numbers now show overall income rose at a 3.3% annual rate in the second quarter and 1.3% in the third, up sharply from the originally reported 0.6% and -0.5%, respectively, including a sizable upward refiguring of labor income. The healthier picture of households also includes greater savings. Over the past three months, consumers saved an average of 4.3% of their aftertax income, more than a percentage point higher than previous data had shown and up from a record low 1% a year and a half ago. At the same time, the stock market rally and the stabilization in home prices suggests that households have now regained about a third of the $14 trillion in net worth they had lost since the third quarter of 2007. These trends show that, despite still-heavy debt, consumers are making at least slow progress in repairing their financial positions. Moveover, balance-sheet repair is not preventing consumers from contributing to the recovery. In fact, the pickup in non-auto spending in recent months has occurred even as the volume of household revolving credit has shrunk at about a 10% annual rate. Consumer spending will stay on track only with help from the job markets, and the recent trend in weekly jobless claims looks hopeful. New claims dipped to 466,000 on Nov. 21, the fewest in more than a year and a level, if sustained, that is consistent with stronger payrolls. The rapid shrinkage in claims is also consistent with the pattern seen in strong economic recoveries, according to economists at JPMorgan Chase (JPM). They note that the fall in claims is tracking the pace of decline seen in the strong rebounds following the 1973-74 and 1981-82 recessions, compared with the much more gradual decreases after the 1990-91 and 2001 recessions. One ingredient still missing from a better consumer outlook is stronger faith in the future. That will depend on more jobs. With October unemployment at 10.2%, consumer confidence in November, while off its record low, remains close to its nadir in the 1990-91 recession. For now, though, the data show that working families are already feeling better about lifting their spending, and that could be welcome news for retailers this holiday season. Cooper is BusinessWeek's senior editor and senior economist and writes the influential Business Outlook column. This content has passed through fivefilters.org. |
Ending Fuse Confusion - WTOP Radio Posted: 03 Dec 2009 11:37 AM PST A Better Tire GasIt makes up 78.084 percent of earth's atmosphere and is vital to our survival, nitrogen is also great for your tires. Nitrogen in tires has a couple of notable advantages over plain air. First, nitrogen doesn't leak out of tires as fast as regular air. That's because nitrogen molecules are larger than oxygen molecules. Oxygen makes up 20.9 percent of our atmosphere, and therefore in theory, makes up 20.9 percent of what you pump into your tires from your air pump. Oxygen molecules actually move between the molecules of the rubber in tires, nitrogen is a great choice. Nitrogen's bigger molecules stay in tires longer so pressure remains more constant for a longer time. This means less topping off, longer tire wear and better fuel economy. Slower pressure drop is a huge advantage, but the bigger issue behind the switch to nitrogen is water and oil. You wouldn't know it, but when you pump air into your tires, you're also buying water and oil. Usually that elicits a response that implies, "You're nuts, that's not even possible." Not only is it possible, but some water and some oil is guaranteed. To inflate tires, the air has to be compressed by an air compressor. Air compressors have two major problems, they're lubricated with oil, and they heat the air. As compressors wear, some lubricating oil leaks past internal seals and mixes with the air, then as the heated air cools, humidity in the air condenses into water. So inflating tires also means adding small but damaging amounts of oil and water at the same time. Unfortunately, if the compressor you're using has seen a lot of service, you may get a lot of water or oil, or both. Of course oil, and water don't mix, but oil and rubber sure do, and oil degrades rubber. Over time, this degradation causes leaks and in some extreme cases, tire failure. Then there's the water issue, you can't put air in your tires without getting some water. That water damages everything metal and electronic inside the tire. Long ago, that wasn't much of an issue, but tires have changed, wheels have changed, and electronics have entered the picture. Water that makes its way into tires causes the wheels to corrode. It isn't unusual to find wheels so badly damaged by corrosion they need to be replaced or repaired after only a few years of service. Now there's a new complication, electronic sensors. Federal law now requires cars to have Tire Pressure Monitoring Systems (TPMS). These systems use electronic pressure sensors mounted inside each tire. The sensors are extremely reliable and durable, but they are also sophisticated and don't like to be bathed in nasty, oily water from poorly maintained air compressors. They are also expensive to replace. Here is where nitrogen has a clear advantage, as nitrogen is completely dry, and has no oil in it to damage tires, wheels or TPMS sensors. Nitrogen is not a miracle, but it is beneficial, inexpensive, and something I use and recommend. Look for green valve stem caps that signify that tires are "filled-with-nitrogen." (Copyright 2008 by WTOP. All Rights Reserved.) Posted by: | 07/01/08 12 Comments | PermaLink This content has passed through fivefilters.org. |
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