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December 9, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Worried Auto Industry Braces for Change Under Trump
Mulally Met with Trump
NIST Issues Cyber Security Guidance Aimed at Small Businesses
VWs Lost, Destroyed Phones Are 'a Bright Red Flag,' FTC Says
Daimler to Become 2016's Biggest Luxury Car Maker: CEO
Top Stories
Worried Auto Industry Braces for Change Under Trump

First the Obama administration bailed out much of the American auto industry, pulling it out of a tailspin. Then it reshaped the business, with regulations and policies intended to increase fuel economy, improve safety and add jobs. Now, under President-elect Donald J. Trump, the industry is bracing for another wholesale makeover. Perhaps no industry could be affected in more ways by the new administration than the auto business.
Source: The New York Times

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Mulally Met with Trump

President-elect Donald Trump met with former Ford Motor Co. CEO Alan Mulally on Thursday afternoon, according to a spokesman for Trump’s transition team. It’s unclear whether Mulally is being considered for a position in Trump’s cabinet or whether the meeting was one of the many Trump has had in recent weeks to gather advice on policy and other issues from business leaders and politicians. Trump spokesman Jason Miller declined to describe the nature of the meeting, though he said “Mr. Mulally is certainly someone who knows a lot about trade issues and the economy and what we need to do get our manufacturing sector going again.”
Source: Automotive News

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NIST Issues Cyber Security Guidance Aimed at Small Businesses

The latest publication from the National Institute of Standards and Technology (NIST), entitled "Small Business Information Security: The Fundamentals," provides guidance on basic cyber security steps businesses should consider to protect themselves and their customers. The report aims to assist small businesses in their efforts to manage information security risks by explaining some of the security issues unique to small businesses, noting that small businesses are particularly vulnerable to cyber security risks and “may even be seen as easy targets to get into bigger businesses through the supply chain or payment portals."
Source: NADA

Editor’s note: NADA will be hosting a webinar on Dec. 14 at 12 p.m. ET with the FBI Cyber Division providing guidance with respect to current cyber threats and what steps dealers should consider to protect themselves and their customers. Click here to register.

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VWs Lost, Destroyed Phones Are 'a Bright Red Flag,' FTC Says

The Federal Trade Commission is seeking to further question Volkswagen AG’s U.S. officials about whether evidence including mobile phones was destroyed amid the probe of diesel vehicles rigged to cheat emissions tests. "In the context of the massive scandal at the center of this case, 23 lost or bricked phones is a bright red flag, especially when they include phones that belonged to important individuals," FTC attorneys said in a court filing Thursday. The agency "should not have to accept VW’s assurance that there is nothing to see and that we should just move along."
Source: Bloomberg

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Daimler to Become 2016's Biggest Luxury Car Maker: CEO

German carmaker Daimler is to become this year's biggest and most profitable luxury car maker, its chief executive said on Thursday. "We will achieve it this year, four years ahead of time," Daimler CEO Dieter Zetsche said at an economic conference in Frankfurt, referring to the company's 2020 target of becoming the world's biggest premium carmaker. Daimler's passenger car unit Mercedes Benz was on track for full-year sales of more than two million cars, Zetsche said, putting it ahead of rivals Audi and BMW.
Source: Reuters

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Past Articles
       
      Quotable
      "Our membership is just perplexed right now. This is all uncharted territory."

          -- Gloria Bergquist, vice president for public affairs for the Alliance of Automobile Manufacturers, commenting on a potential auto industry makeover under President-elect Donald J. Trump, The New York Times, Dec. 8
       
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      Dec. 14 -- Cybersecurity Risks: An FBI Perspective (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.

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