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November 21, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Automakers Await the Trump Effect
GMs Barra on Profits, Market Share, Trump, Technology
OSHA Releases Fall Protection Rule for 112 Million Workers
Volkswagen to Shed 30,000 Jobs, Cutting Costs After Scandal
NADA Economist Says Auto Sales Will Cruise Along
Roger Penske and Helio Castroneves Join Speaker Lineup at NADA Convention
Top Stories
Automakers Await the Trump Effect

Automotive executives at the Los Angeles Auto Show shared a common concern ... that had nothing to do with the new cars being unveiled: the Trump effect. Executives in corner offices from Germany to Detroit are cautiously monitoring President-elect Donald Trump’s emerging administration to see whether it carries through with the Republican’s campaign promises of renegotiating trade deals, imposing hefty tariffs and rolling back government regulations on business and industry.


Dave Zuchowski, CEO of Hyundai Motor America, speaks at AutoConference LA, hosted by NADA and J.D. Power, on Nov. 15, 2016. (Photo: NADA)

 
“The key is whether the candidate Trump ... differs from the president Trump, and I don’t think anybody can answer that question,” Hyundai Motor America President and CEO David Zuchowski told The Detroit News. “There are things he said during the campaign that would be a concern to a lot of countries, including South Korea.”
 
The largest concern for automakers is if Trump does move to end the North American Free Trade Agreement and slap a 10 percent to 35 percent tariff on vehicles and parts made in Mexico that are imported into the U.S. He also has threatened tariffs of up to 45 percent on vehicles exported from China to the U.S.
 
“Clearly if he is targeting NAFTA, and the Korean-U.S. Free Trade Agreement comes into his perusal that would be a concern to us,” Zuchowski said Tuesday during a J.D. Power-National Automobile Dealers Association conference in Los Angeles. “We just don’t know. It’s something we’re watching very, very carefully.”
Source: The Detroit News

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GMs Barra on Profits, Market Share, Trump, Technology

Under CEO Mary Barra, General Motors is on pace for one of its most profitable years ever, even as its U.S. market share continues a decadeslong decline. It's achieving that by holding the line on incentives and cutting back less lucrative fleet deliveries to focus on retail customers. When Barra became CEO nearly three years ago, she found herself amid a ballooning recall crisis during which she implored employees to never forget or repeat GM's errors of the past. Now, Barra is trying to position GM to lead the industry in a future of electric vehicles, car sharing and self-driving technology.
Source: Automotive News

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OSHA Releases Fall Protection Rule for 112 Million Workers

Factories, warehouses and hospitals are among the employers expected to comply with OSHA’s final rule released Nov. 17 for general industry fall protection. The rule, covering an estimated 112 million workers, will take effect Jan. 17, though some compliance deadlines are delayed. Training requirements become mandatory in July 2017 and deadlines to comply with regulations for fixed ladders start in November 2018.
Source: Bloomberg BNA

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Volkswagen to Shed 30,000 Jobs, Cutting Costs After Scandal

Volkswagen announced plans Friday to cut 30,000 jobs in a wide-ranging restructuring of its namesake brand as it tries to recover from a scandal over cars rigged to cheat on diesel emissions tests. The German company said the job cuts, which account to around 5 percent of its global workforce, are part of a long-term plan to improve profitability and shift resources and investment to electric-powered vehicles and digital services. At a news conference at Volkswagen’s headquarters in Wolfsburg, company officials said 23,000 of the job cuts will be in Germany and that the measures will save $4 billion a year from 2020.
Source: The Associated Press

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NADA Economist Says Auto Sales Will Cruise Along

A growing economy and low fuel prices will keep auto sales humming next year, says Steven Szakaly, chief economist for the National Automobile Dealers Association. Szakaly forecast 17.1 million light-vehicle sales in 2017 at a briefing before the Los Angeles Auto Show last week. He expects 2016 volume to finish at 17.4 million, just missing the 2015 record of 17.47 million.
Source: Automotive News


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Roger Penske and Helio Castroneves Join Speaker Lineup at NADA Convention



Motorsports legends Roger Penske, chairman of Penske Corporation, and Helio Castroneves, three-time IndyCar Series winner at the Indianapolis 500 for Team Penske Racing, take the stage on Saturday, January 28, for an intimate conversation with Keith Crain, editor-in chief of Automotive News, during the 2017 NADA Convention and Expo in New Orleans.

“As NADA celebrates its centennial, it’s a wonderful honor for it to salute Roger Penske on 50 years of motorsports along with Helio Castroneves, who is an icon at Indianapolis as well as becoming a participant in an auto dealership,” said Crain, who is also chairman of Crain Communications, Inc. “NADA’s 100th anniversary is a milestone for auto dealers across this nation.”

For the full schedule, click here. To register, click here.
Source: NADA Public Affairs

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Past Articles
       
      Quotable
      "Clearly if he is targeting NAFTA, and the Korean-U.S. Free Trade Agreement comes into his perusal that would be a concern to us. We just don't know. It’s something we're watching very, very carefully."

          -- Hyundai Motor America President and CEO David Zuchowski, commenting on President-elect Donald Trump's potential policy changes, in remarks Tuesday during a NADA/J.D. Power conference in Los Angeles, The Detroit News, Nov. 18.
       
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