Reminder: The deadline for submitting articles for the next issue of the Newsline is Friday, March 5. You can submit your articles at the Union Hall or e-mail them to newsline2250@centurytel.net.
•Here are some comments from Van Marketing Manager Andrew Reyntjes about the positives he sees going forward:
o We have some better incentives targeted at over aged inventory that will hopefully get dealers looking to turn and replace their inventory.
o The seasonality of our segment means that we are likely to have increased volumes in coming months (but remember that our objectives will be higher too).
o There is built up demand for vehicles as business owners have been stretching the life of their existing vehicles due to economic conditions.
o We already have 400+ orders in the order bank for Diesel Vans since pricing was announced a few days ago (SOP is May 24th),
o We had some large profitable Commercial Fleet orders placed last week and this week (e.g 1500 Direct TV, 900 Sears, and a couple of thousand for Penske and U-Haul etc).
o Our schedule is pretty much full through May.
• Toyota said it’s providing $250 million for workers who will lose their jobs when a former joint-venture auto- assembly plant in California closes next month. The money is for bonuses to salaried and hourly workers who keep building vehicles through April 1, when Toyota’s production contract with the New United Motor Manufacturing Inc. venture ends, the automaker said today in a statement. The plant has 4,700 employees, said Lance Tomasu, a spokesman for the factory. In case you’re wondering, that’s $53,191 each if divided equally.
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