View Web Version

SPONSORED BY
 
NADA.org
May 20, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
In CFPB Talks, Nissan's Captive 'Dedicated to Protecting' Consumers' Right to Negotiate Rate
U.S. Auto Sales to Fall 5.7% in May, LMC and Power Say
VW Preps New Strategy to Become 'Mobility Provider'
Daimler to Set Aside $560 Million to Cover Airbag Recall
Fiat Chrysler to Build Parts Distribution Center in Virginia
Energy Group Presses U.S. to Speed Autonomous Car Deployment
Top Stories
In CFPB Talks, Nissan's Captive 'Dedicated to Protecting' Consumers' Right to Negotiate Rate

It’s been more than three months since the Consumer Financial Protection Bureau settled with Toyota Motor Credit Corp. for potentially discriminatory auto lending. The bureau settled with America Honda Finance Corp. in July. But the CFPB isn’t going anywhere. It still has an open investigation with a captive: Nissan Motor Acceptance Corp., which told me last week that it is still in discussions with the CFPB.
Source: Automotive News

[back to top]

U.S. Auto Sales to Fall 5.7% in May, LMC and Power Say

The days of lofty year-over-year increases in monthly U.S. auto sales may be reaching an end, industry consultants J.D. Power and LMC Automotive said on Thursday. May U.S. new vehicle sales will slide 5.7 percent from the same month a year earlier, in part because of two fewer selling days this year. The seasonally adjusted annualized rate will slip to 17.4 million vehicles from 17.71 million in May 2015. In April, the seasonally adjusted annualized rate for sales was 17.42 million vehicles as well.
Source: Reuters

Share: LinkedIn Twitter Facebook

[back to top]

VW Preps New Strategy to Become 'Mobility Provider'

CEO to unveil 2025 blueprint in June

Volkswagen will announce a new strategy in mid-June, CEO Matthias Mueller said, according to excerpts of a speech seen by Reuters on Friday. The embattled company has been working on a new strategy for its core automobile business that it hopes will boost profitability once it emerges from an emissions test-rigging scandal which plunged the automaker into a 4.1 billion euro operating loss for 2015.
Source: Reuters

Share: LinkedIn Twitter Facebook

[back to top]

Daimler to Set Aside $560 Million to Cover Airbag Recall

Daimler AG said it would set aside around 500 million euros ($560 million) this year for the recall of some of its vehicles, which contain airbags made by Takata Corp. Earlier this month the National Highway Traffic Safety Administration disclosed an extension of the Takata airbag recall, which will take place in the period May 2016 to December 2019 in several stages. Daimler said that it was not aware of any cases of defect, but that it would make precautionary recalls in the U.S. and Canada.
Source: Reuters

Share: LinkedIn Twitter Facebook

[back to top]

Fiat Chrysler to Build Parts Distribution Center in Virginia

Auto maker to invest $12.2 million in Winchester facility to repair and customize its vehicles

Fiat Chrysler Automobiles NV is investing $12.2 million to build a new distribution center in Virginia amid growing demand for parts used by its dealerships to both repair and customize its vehicles. The 400,000-square-foot Mopar distribution center, located in Winchester, will employ about 70 people and ship more than 9.2 million parts and other items annually. This will be the 22nd center Fiat Chrysler has in operation in North America. It will primarily supply more than 200 dealers in the mid-Atlantic region after it opens sometime in the fourth quarter.
Source: The Wall Street Journal

Related Story:


Share: LinkedIn Twitter Facebook

[back to top]

Energy Group Presses U.S. to Speed Autonomous Car Deployment

A group of business executives and retired U.S. military officials today called for the removal of regulatory barriers and a national policy to trump state rules to foster autonomous car deployment. The proposals were outlined in a series of policy recommendations released by the Energy Security Leadership Council, a group co-chaired by FedEx CEO Frederick Smith and retired Gen. James Conway, the 34th commandant of the U.S. Marine Corps. The council is a project of Securing America’s Future Energy, or SAFE, an influential group of business and former military officials seeking to reduce U.S. dependence on foreign oil.
Source: Automotive News

Share: LinkedIn Twitter Facebook

[back to top]

More Articles
           
          Quotable
          "We are dedicated to protecting our customers’ right to choose financing options that fit their specific needs and that allow them to negotiate the best rates possible. We continually work to ensure our policies, practices and outreach are fair for all our customers."

              -- Nissan Motor Acceptance, on discussions with the CFPB on auto lending, Automotive News, May 18

          Sponsored by

          Save the Date


          NADA Chairman's Column
          To Drive or Not to Drive: On Recalls, That is the Only Question – and Only Because of Parts
          Videos -- 2016 NADA Convention

           NADA 2016: Sunday


           NADA 2016: Saturday


           NADA 2016: Friday


           NADA 2016: Three Square Food Bank

          NADA Webinars
          All webinars are held at 1 p.m. ET unless otherwise noted.

          May 25: How Social Media and Online Reviews Complete the SEO Puzzle 

          June 1: Revolutionize Time Management for Service Managers

          June 8: Predicting Success: Data Driven Hiring for Automotive Teams 

          June 15: Employer Branding: Drive More Applicants to Your Dealership 

          June 22: How Hiring Millennials Will Help You Compete in the Future

          NADA members can view past webinars on-demand at no charge at NADA University Online. Member must create an NADA account before viewing.

           
          Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
          NADA For more information on NADA, visit www.nada.org or contact NADA, 8400 Westpark Drive, McLean, VA 22102. This email may contain an advertisement of NADA products and services. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org .