View Web Version

SPONSORED BY
 
NADA.org
December 6, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Auto Group Tries to Block EPA from Finalizing Vehicle Rules
Ford Sells $2.8 Billion in Auto Debt to Boost Tech Spending
Toyota to Expand Hybrid System Development to Further Cut Emissions
Barra Named to Trump Panel on U.S. Economy, Jobs
CPO Sales Move Closer to Another Record
Top Stories
Auto Group Tries to Block EPA from Finalizing Vehicle Rules

A major auto trade group is making a last-ditch effort to block the U.S. Environmental Protection Agency from finalizing tough fuel economy standards through the 2025 model year. The Alliance of Automobile Manufacturers, a trade group representing General Motors Co, Toyota Motor Corp , Ford Motor Co, Volkswagen AG and Daimler AG, late Monday urged congressional negotiators to include language in a short-term budget resolution that would bar the Obama administration from finalizing the rules before it leaves office next month.
Source: Reuters


Related article:


[back to top]

Ford Sells $2.8 Billion in Auto Debt to Boost Tech Spending

Investors piled into Ford Motor Co.’s first automotive borrowing in almost four years, allowing the company to slash interest rates on a $2.8 billion debt sale as it boosts spending on self-driving cars, mobility services and electrified vehicles. The automaker sold 10-year and 30-year notes Monday, according to data compiled by Bloomberg. Investors put in about $8.7 billion of orders for the bonds, said a person familiar with the matter, letting Ford sell more than the $2 billion it initially anticipated.
Source: Bloomberg

[back to top]

Toyota to Expand Hybrid System Development to Further Cut Emissions

Toyota Motor Corp. said on Tuesday it will expand the development of its gasoline-hybrid technology over the next five years to speed up the introduction of lower-emission engines in the face of stricter global emissions standards. The announcement was the latest by the Japanese firm aimed at making cars "greener" as global automakers face tighter regulations in China, the United States and other regions that will require more environment-friendly cars in the coming years. Toyota is also stepping up the development of longer-range battery-electric cars, in a shift from an earlier strategy of promoting hydrogen fuel-cell technology as the future of zero-emission vehicles.
Source: Reuters

[back to top]

Barra Named to Trump Panel on U.S. Economy, Jobs

President-elect Donald Trump appointed General Motors CEO Mary Barra to a panel of 16 prominent business leaders that will advise him on job creation and economic matters. Barra will join the CEOs of JPMorgan Chase, Walt Disney Co., Wal-Mart Stores, Boeing and other companies on Trump’s Strategic and Policy Forum. The group will have its first meeting in February at the White House.
Source: Automotive News

[back to top]

CPO Sales Move Closer to Another Record

After two months of decline, certified pre-owned sales climbed 10 percent year-over-year in November, with dealers selling 202,501 CPO units, according to Autodata Corp. That puts the year-to-date sales total at 2.41 million units through 11 months and less than 144,000 units shy of the record 2.55 million vehicles sold in full-year 2015. With year-to-date sales up 3.6 percent, the CPO market — barring an epic year-over-year collapse in December — is all but certain to reach its sixth straight year of best-ever sales.
Source: Auto Remarketing

[back to top]

Past Articles
       
      Quotable
      "EPA's sudden and controversial move to propose auto regulations eight months early -- even after Congress warned agencies about taking such steps while political appointees were packing their bags -- calls out for congressional action to pause this rulemaking until a thoughtful policy review can occur."

          -- Gloria Bergquist, a spokeswoman for the Alliance of Automobile Manufacturers, Reuters, Dec. 5
       
       
      Sponsored by

      NADA Convention


      NADA Videos

      NADA Produces Five-Part Video Series on Flood Relief Efforts in Baton Rouge


      NADA Chairman Delivers Remarks to Automotive Press Association in Detroit


      NADA Testifies at Congressional Hearing on Fuel Economy Rules


      NADA100 Video: Don Wassel Works in Auto Retailing for 53 Years


      Introducing NADA Academy Plus

      NADA Webinars

      Dec. 7: A Profit-Focused Gameplan for Better Auction Purchases (12 p.m. ET)

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

      NADA Chairman's Commentary
      The Next 100 Years of Evolution is Here
       
      Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
      NADA For more info, visit nada.org. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. This email may contain an advertisement of NADA products and services. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org. To unsubscribe from future editions of NADA Headlines, click here or contact NADA, 8400 Westpark Drive, Tysons, VA 22102.