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Inside this issue
Mercedes, VW and Hyundai CEOs Slated for NADA/J.D. Power Conference in Los Angeles on Nov. 15
Important Deadline Regarding VW Buyback Program
U.S. Congressional Panel to Hold Fuel Rules Hearing
VW's Year on the Edge and How the Carmaker Is Clawing Back
Sept. 28 Webinar: Revised Wage/Hour Regulations
Top Stories
Mercedes, VW and Hyundai CEOs Slated for NADA/J.D. Power Conference in Los Angeles on Nov. 15

NADA to unveil a new study on the future of U.S. franchised new-car dealerships from build-to-order cars and autonomous vehicles to the car-buying process.

The focus of the global automotive industry and news media will shift to Los Angeles when the National Automobile Dealers Association and J.D. Power kick off week-long auto show events beginning with AutoConference LA on Tuesday, November 15.



The half-day conference, held at The L.A. Hotel Downtown, includes industry speakers and panelists Dietmar Exler, president and CEO of Mercedes-Benz USA; Hinrich Woebcken, CEO of Volkswagen’s North American operations; and David Zuchowski, president and CEO of Hyundai Motor America, and others.

A new NADA study, which will be presented by auto industry consultant Glenn Mercer, will provide a perspective on what new-car dealerships might look like in 2025. It examines the potential rise of build-to-order cars, which could reduce on-site dealership inventories; the potential for mass adoption of autonomous vehicles, which could require new skills and equipment in dealer repair/service bays; and the new-car buying process, which continues to evolve to better align with consumer needs.

Held on the eve of press days at the Los Angeles auto show, Auto Conference LA opens with registration at 11 a.m. and concludes with a networking reception from 5 p.m. to 7 p.m. For the complete agenda or to register, visit www.autoconferencela.com.
Source: NADA

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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 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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U.S. Congressional Panel to Hold Fuel Rules Hearing

A congressional panel will hold a hearing on Sept. 22 to look at the fate of U.S. fuel efficiency rules through 2025 amid growing concerns from automakers. An auto trade group representing General Motors Co., Ford Motor Co., Toyota Motor Corp., Daimler AG and Volkswagen AG has said with lower gasoline prices it would be difficult to meet the requirements. Sales of less fuel-efficient trucks and SUVs have risen as gas prices have fallen. U.S. regulators must decide by 2018 on whether the 2022 through 2025 model year requirements are feasible or should be changed. The U.S. House Energy and Commerce Committee is holding a hearing Thursday that will include testimony from U.S. regulators and auto trade groups.
Source: Reuters

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VW's Year on the Edge and How the Carmaker Is Clawing Back

A year ago, Volkswagen AG plunged into the worst crisis in its history after revelations it flouted environmental regulations by rigging millions of diesel cars to cheat on emissions tests. The allegations cast the company as putting profit before public health, and the fallout was harsh and swift. After days of turmoil, including an awkward video apology, Chief Executive Officer Martin Winterkorn stepped down in disgrace. The value of Europe’s largest carmaker dropped by as much as $32.6 billion, as criminal and regulatory investigations were opened around the globe.
Source: Bloomberg


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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 the 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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Past Articles

         
       
      Quotable
      "A crisis can lead to the abyss, but it can also be a turning point. At Volkswagen, the crisis opened doors for a real change of direction."

          -- VW CEO Martin Winterkorn told about 20,000 employees gathered at its main factory in Wolfsburg, Germany, this week, Bloomberg, Sept. 16

       
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