October 26, 2021
National Auto Auction Association SmartBrief
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News & Trends
Tesla becomes first automaker to reach $1T in value
(Joe Raedle/Getty Images)
Tesla's market value spiked above $1 trillion on Monday after car rental company Hertz announced an order of 100,000 vehicles by the end of 2022. Tesla shares shot up 14.9% to $1,045, making it the first automaker to reach a valuation of $1 trillion.
Full Story: CNBC (10/25),  Financial Times (subscription required) (10/25),  Reuters (10/25),  The Wall Street Journal (10/25) 
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Stellantis and Samsung SDI will produce batteries for the automaker's electric vehicles at an undisclosed location that would open in 2025, part of Stellantis' $35 billion plan for electrification. "Our strategy to work with highly recognized partners boosts the speed and agility needed to design and build safe, affordable and sustainable vehicles that match exactly what our customers demand," says Stellantis CEO Carlos Tavares.
Full Story: Detroit Free Press (10/22) 
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GM to add 40,000 EV charging stations
(Mario Tama/Getty Images)
General Motors is following a previous commitment for partnerships to build 60,000 electric-vehicle charging stations with a new commitment to build 40,000 more in the US and Canada. The automaker plans to concentrate the stations in currently underserved urban and rural areas.
Full Story: Reuters (10/26) 
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Panasonic showcased a prototype of its 4680, a lithium-ion battery for electric vehicles that measures 46 millimeters by 80 millimeters (approximately 1.81 by 3.15 inches). According to Panasonic's Kazuo Tadanobu, the company plans to start manufacturing the 4680 batteries next year for customers such as Tesla.
Full Story: InsideEVs (10/25),  Reuters (10/25) 
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Business & Sales Operations
Labor shortages are causing small businesses to cut back their operating hours or limit the services they can offer, such as house cleaning or in-home aid. "This is why I'm up in the middle of the night," says Project Independence CEO Debra Marsteller.
Full Story: Business Insider (tiered subscription model) (10/24) 
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It's important to open up prospects to new ideas while helping them deal with challenges and pain points, even though new ideas occasionally lead to disagreements, writes David Brock. To manage disagreements properly, attempt to foster a collaborative learning environment instead of focusing on who's right and who's wrong, Brock writes.
Full Story: Partners in Excellence Blog (10/22) 
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Off the Block
A Porsche 912 that George Vaccaro acquired in 1967 for a tour of Europe quickly endeared itself, and rather than sell the car at the end of the trip as planned, Vaccaro brought it home to the US, where it served for many years as a daily vehicle. Vaccaro passed on this year and left behind the beloved Porsche, which now seeks a new, maintenance-capable home via auction.
Full Story: Car and Driver (10/24) 
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Changes at AutoNation Auto Auction Orlando
The AutoNation Auto Auction family extends a warm welcome to the new leadership at the Orlando location. With 31 years of experience in the automotive industry, Tim DeBerry is the new general manager at the auction. Robbie Jaramillo assumed the role of assistant general manager with 15 years of experience, and Lee Johnson is the new general sales manager, bringing 30 years of industry experience with him. The team looks forward to what's ahead for the auction.
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America's Auto Auction fights to find a cure
In honor of Breast Cancer Awareness Month, America's Auto Auction locations are joining together to raise funds for a cure for breast cancer. Each sale day, America's Auto Auction Baton Rouge hosts a bake sale where all money collected will be matched by AAA Baton Rouge. AAA Dallas held a Pink Out Sale and donated $5 per car sold, and proceeds were donated to Wigs & Wishes, a non-profit organization restoring hope to women who have lost their hair to chemotherapy.
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It is remarkable how powerful a force simple curiosity can be.
Susan Hill,
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