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September 15, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Volkswagen Says It Might Not Resume U.S. Sales of Diesel Vehicles
Important Deadline Regarding VW Buyback Program
Sept. 28 Webinar: Revised Wage/Hour Regulations
Ford to Invest $4.5 Billion in Electrified Vehicles by 2020
GM Pledges 100% Renewable Energy Power by 2050
Mitsubishi Motors Continued to Improperly Test Fuel Economy, Says Japan
Top Stories
Volkswagen Says It Might Not Resume U.S. Sales of Diesel Vehicles

Volkswagen AG said on Wednesday it has not decided if it will resume selling diesel vehicles in the United States, even if it were allowed to, in the wake of the automaker's emissions cheating scandal. The German automaker has been barred from selling diesel vehicles in the United States since late 2015 after it acknowledged using "defeat devices" to evade U.S. diesel emissions standards. The company is in talks with U.S. regulators but approval to resume sales of diesel vehicles is not expected before next year at the earliest.
Source: Reuters


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Important Deadline Regarding VW Buyback Program

During a NADA University Online webinar last week that addressed Federal Trade Commission (FTC) concerns with dealer advertising claims related to the VW Buyback Program, the FTC presenters highlighted the upcoming Sept. 16, 2016 deadline for submitting certain claims in connection with that Program.

In particular, the Sept. 16, 2016 deadline applies to “Eligible Sellers,” which are those who:

(1)  Purchased or acquired an eligible vehicle on or before Sept. 18, 2015; and
(2)  Sold or transferred ownership of the vehicle after Sept. 18, 2015 but before June 28, 2016. 

Generally, Eligible Sellers include non-Volkswagen (and non-Audi) dealers who held title to an eligible vehicle or held a bill of sale for an eligible vehicle. An Eligible Seller must identify itself by Sept. 16, 2016 (by registering online at www.VWCourtSettlement.com or submitting an identification form by mail or fax) to receive any benefits. 

PLEASE NOTE: Other individuals who may be eligible for compensation under the Program -- such as owners (including non-VW/Audi dealers), lessees, and certain former lessees -- have until Sept. 1, 2018 to submit claims.

NADA members may access the webinar by clicking here.
Source: NADA Regulatory Affairs

Editor’s note: The foregoing information is offered for informational purposes only and is not intended as legal advice. Consult your attorney for guidance specific to your business operations.

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Sept. 28 Webinar: Revised Wage/Hour Regulations

NADA Regulatory Affairs -- from 1 p.m. to 2 p.m. ET on Wednesday, Sept. 28 -- will present an hour-long webinar, "New Wage/Hour Regulations, Issues and Concerns for Dealerships." Presenters will focus on dealership-specific compliance issues involving the U.S. Department of Labor's recently revised "white collar" overtime exemption rules. The webinar will reference NADA's newly released Dealer Guide to Federal Wage and Hour, Child Labor and Wage Discrimination Compliance. The webinar is free for NADA members. Dealers and their staff can click here to register. For more information, contact NADA Regulatory Affairs at regulatoryaffairs@nada.org.          
Source: NADA

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Ford to Invest $4.5 Billion in Electrified Vehicles by 2020

Ford is committing $4.5 billion to develop more than a dozen new electrified models by 2020, CEO Mark Fields told investors [Wednesday] in Dearborn. The future of smaller cars in the U.S. may depend on the ability to electrify their powertrains and introduce them to ride-sharing fleets where they can generate revenue from fares paid by multiple riders.
Source: Detroit Free Press

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GM Pledges 100% Renewable Energy Power by 2050

General Motors Co. said Wednesday it is committing to power all of its global operations completely by renewable energy by 2050. The Detroit automaker said its goal is to generate or source electrical power for 350 facilities in 59 countries with renewable wind, sun and landfill gas energy during the next three-plus decades. This year, GM expects to have 3.8 percent of electricity use come from renewable resources.
Source: The Detroit News

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Mitsubishi Motors Continued to Improperly Test Fuel Economy, Says Japan

Mitsubishi Motors Corp. continued to improperly test the fuel economy of its vehicles after it admitted to manipulating data to inflate mileage results, Japan’s transport ministry said Thursday. The announcement is a setback for Mitsubishi Motors as it seeks to recover lost credibility with regulators and customers. It admitted in April to manipulating test data on four minicar models—two of which were manufactured for Nissan Motor Co.
Source: The Wall Street Journal

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