Lordstown Motors Faces Uncertain Future UK's Auto Trader Sees Rosy Outlook for Online Sales Ford Hints Next Maverick Pickup

6/14/2021 NAAA SmartBrief

June 10, 2021

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NEWS & TRENDS

Lordstown Motors faces uncertain future Lordstown Motors, a manufacturer of electric trucks, warned of "substantial doubt regarding our ability to continue as a going concern for a period of at least one year" in a fling with the Securities and Exchange Commission. General Motors owns a minority stake in Lordstown, which purchased a former GM plant in northeastern Ohio.

Full Story: CNBC (6/8)

UK's Auto Trader sees rosy outlook for online sales More consumers have been buying cars online, but this trend could be tempered by the ongoing chip shortage, per an assessment by the UK's Auto Trader Group. The company attributes a year of growth, particularly in sales of used cars, to supply constraints and

pandemic lockdowns that favored online shopping. Full Story: Reuters (6/10)

(Chesnot/Getty Images)

Ford hints next Maverick pickup may be electric The next iteration of Ford Motor Co.'s budget Maverick pickup may be all electric, as indicated by a graphic hint from Mike Levine, Ford's North American product communications director. A plug-in Maverick could help Ford's efforts to

expand its line of electric vehicles. Full Story: Tom's Guide (6/9)

Market share, prices down for auto chips despite shortage

Electronics Weekly (UK) (6/10)

An EV-dominant future may not be just around the corner

The Motley Fool (6/10)

BUSINESS & SALES OPERATIONS

Take time to consider what works (and what doesn't) https://www2.smartbrief.com/servlet/encodeServlet?issueid=D420284E-18BC-4B4A-AF0E-BEE3045D45F8&sid=15cdd1a9-53c3-46d0-af32-c630cf7262ad 1/3 6/14/2021 NAAA SmartBrief Sales managers should remember to take time to reconsider strategies and evaluate what might need to be changed to ensure future success, writes Colleen Francis. "This is how top performers continuously produce results,

learn, grow, and evolve as sellers and sales leaders," Francis writes. Full Story: Engage Selling (6/8)

Create sales KPIs your team will get behind Setting key performance indicators for your sales team helps a small-business owner understand where they've been and what's needed to reach their goals, writes Faiza Hughell, senior vice president at RingCentral. Put together a realistic target, select the time periods that are appropriate for your team, and use the right tools to track

and report on performance. Full Story: Entrepreneur (6/9)

REGULATIONS & POLICY

GM seeks a more fexible emissions-reduction path Automakers are falling out of compliance with California emission standards in the 2021 and 2022 model years, but a GM proposal adjusts for that. The automaker is calling for greater fexibility over the 2020-26 period, in which the standards would be met in 2023 and then exceeded over the next three years, bringing overall emissions in the defned period in line

(Bill Pugliano/Getty Images) with the original target. Full Story: Reuters (6/9)

Stellantis' Peugeot fned over diesel allegations Stellantis' Peugeot group has been fned $12 million in France over allegations of fraud relating to its diesel engines. The case echoes similar allegations against Volkswagen and Renault, and Stellantis notes that a French court is

also examining its Citroen and Fiat Chrysler units. Full Story: BNN Bloomberg (Canada) (6/9)

OFF THE BLOCK

Henry Ford II's custom wheels for France Henry Ford II had a highly customized Mustang to drive during his time in France, and now the vehicle is coming up for auction at Barrett-Jackson in Las Vegas. Of particular interest are the 1966 convertible's many unique features, including a modifed K-code V8, quick-ratio power steering, fog lights, dual exhaust and custom steel wheels.

Full Story: The Drive (6/10)

NAAA NEWS

NAAA Convention Concert

https://www2.smartbrief.com/servlet/encodeServlet?issueid=D420284E-18BC-4B4A-AF0E-BEE3045D45F8&sid=15cdd1a9-53c3-46d0-af32-c630cf7262ad 2/3 6/14/2021 NAAA SmartBrief Get ready to enjoy the show this coming September at the NAAA Convention Concert. Can you guess the band? One hint: In 2016, a Jersey City street was renamed after this band. Be on the lookout for our entertainment announcement next week.

Manheim Tampa Honors A Legacy of Giving In honor of Roger Teate, Manheim Tampa hosted a "Girl Talk" fundraiser, a program in which Roger served as a board member. Girl Talk is a mentoring program offering a framework where teenage girls can meet together, fnd their strengths, learn new skills and create a support network. Participants of the fundraiser could buy raffe tickets, grab a hot breakfast and write notes of encouragement to young women in the community.

Fire is fed by fre. The same small fame destroys Two stalks of wheat at once.

Federico Garcia Lorca, poet June is Pride Month

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