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April 29, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Fiat Chrysler, Google in Partnership Talks
Gen Y More Likely Than Older Drivers to Trust Self-Driving Tech, Study Finds
Retailers Need to See Service as the Hot Money Spot This Year
Some Days, It's Nice to be a Mitsubishi Dealer
Auto Industry Must Do More to Close Gender Gap in Leadership Roles, Report Finds
Fields: Ford Making Long-Range EV to Rival GM, Tesla
Dealers Encouraged to Participate in National Tire Safety Week
Top Stories
Fiat Chrysler, Google in Partnership Talks

Fiat Chrysler and Google's self-driving car project are in advanced talks to form a technical partnership. The talks were confirmed Thursday by a person familiar with the discussions. The person asked not to be named because the discussions are private.
Source: Associated Press

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Gen Y More Likely Than Older Drivers to Trust Self-Driving Tech, Study Finds

Younger drivers are more likely than their older counterparts to trust autonomous technology, a study released today by J.D. Power found. More than half of those born after 1976 say they trust autonomous tech, compared with 41 percent in Generation X (born from 1965-76), 23 percent of baby boomers (born from 1946-64) and 18 percent of the pre-boomer generation (born before 1946), J.D. Power’s annual U.S. Tech Choice Study found.
Source: Automotive News

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Retailers Need to See Service as the Hot Money Spot This Year

Earlier this year, some industry titans warned that new-car sales have peaked and would plateau. OK, so what if they do? Who cares! That’s because “there is a lot of upside in service and parts,” said Lithia Motors Inc. CEO Bryan DeBoer. DeBoer isn’t alone in hailing the promise of service and parts business. The past few years have seen robust annual sales, with the number surpassing 17 million last year. The used-car market is robust, too. All of these cars in circulation need servicing, which means dealerships have a shot at a lot more customer-pay service jobs. Meanwhile, there are millions of new and used cars with open recalls waiting to be fixed. Say hello to more warranty work.
Source: Automotive News

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Some Days, It's Nice to be a Mitsubishi Dealer

Earlier this week it looked like Mitsubishi could become the next automaker to “pull a Volkswagen” and face a possible shellacking by the EPA for cheating. After all, the Japanese automaker admitted this week that it had used improper fuel consumption tests in Japan since 1991. The EPA, California Air Resources Board and the National Highway Traffic Safety Administration want to know: Were U.S. vehicles involved? To the delight of its dealers, who are finally riding some U.S. sales momentum after years of pain, Mitsubishi answered with a definitive “no.”
Source: Automotive News

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Auto Industry Must Do More to Close Gender Gap in Leadership Roles, Report Finds

The auto industry must do more if it wants to close the gender gap in its leadership positions, a report released today found. The survey of 350 C-suite executives in 51 companies, including 50 auto executives, found that although the executives recognize a need to diversify their companies, challenges remain in getting there, including systemic problems and misperceptions about what women want in the workplace. The survey was conducted by EY, a consulting firm.
Source: Automotive News

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Fields: Ford Making Long-Range EV to Rival GM, Tesla

Ford Motor Co. is working on a long-range electric vehicle to rival the 200-mile Tesla Model 3 and General Motors Co. Bolt EV, President and CEO Mark Fields confirmed Thursday. Earlier in the month, Ford’s head of electric vehicles told Automotive News the company was content with its 100-mile range upcoming 2017 Focus Electric, but when asked directly about a 200-mile EV, Fields said Ford wants to be at the top of the segments in which it competes regarding cost, quality and range.
Source: The Detroit News

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Dealers Encouraged to Participate in National Tire Safety Week

The Rubber Manufacturers Association, the national trade association for U.S. tire manufacturers, is hosting National Tire Safety Week from May 29 to June 4, 2016. The campaign is designed to inform motorists about the importance of tire maintenance and safety. New-car dealerships that sell and service tires are encouraged to inform their customers about proper tire care and service. RMA is offering free tire care brochures plus downloadable content, such as logos, tips, banners and other items to assist partners in promoting National Tire Safety Week. NADA is a safety partner. Participation is free and only requires signing up on the RMA website. Sign up today for free “Be Tire Smart” materials. If you have any questions about National Tire Safety Week, send an email to betiresmart@rma.org.
Source: Rubber Manufacturers Association


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          Quotable
          "Our EVs come down to making sure we’re the best or among the leaders in those areas. When you look at some of the competition, clearly that’s something we’re developing for."

              -- Ford CEO Mark Fields, on the automaker's development of a long-range electric vehicle, The Detroit News, April 28

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