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December 12, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Automotive News' Editorial: Don't Quit Trying to Fix Recall System
U.S. Forcing Takata Recall to Speed Up
Ford Leaders on Trump, EPA and the Year Ahead
Preparing for a Ransomware Attack
Michigan Enacts First Law for Testing, Sale of Driverless Cars
NADA Convention Launches Mobile App
Top Stories
Automotive News' Editorial: Don't Quit Trying to Fix Recall System

... Solving the problem will take negotiation and compromise. All parties, including the National Highway Traffic Safety Administration and the National Automobile Dealers Association, must recognize that problems exist with both selling recalled automobiles that have not been repaired and prohibiting their sale altogether. Dealers cannot be expected to absorb the costs of sequestering a portion of their inventory while waiting months or longer for repair parts. That doesn't make sense when consumers can legally continue to drive an identical recalled vehicle.

A solution may be for federal safety regulators to recognize that not all recalls present an immediate threat to safety, and for dealers to acknowledge that some unrepaired recalls are dangerous and should be fixed before sale. Consumers are quick to dismiss real threats to their safety when they are lost amid a miasma of undifferentiated recall notices. Regulators should warn the public when real dangers are discovered but must come up with a new system for when a recall is not a threat to life and limb.
Source: Automotive News

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U.S. Forcing Takata Recall to Speed Up

U.S. auto-safety regulators are forcing automakers to speed up the largest recall in U.S. history, which is replacing defective air bags made by Japanese auto supplier Takata. The National Highway Traffic Safety Administration said Friday that it had issued an order forcing automakers to prioritize speedy acquisition of parts and fixing the vehicles most at risk before moving on to other vehicles.
Source: USA Today

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Ford Leaders on Trump, EPA and the Year Ahead

Joe Hinrichs, Ford Motor Co. president of the Americas; Joy Falotico, Ford Motor Credit Co. CEO; and Stephen Odell, Ford's global marketing, sales and service chief, met with Automotive News' editorial staff earlier this week for a wide-ranging discussion about the business.
Source: Automotive News

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Preparing for a Ransomware Attack

The rise of ransomware has not been overhyped. A recent study reports that approximately 50 percent of U.S. companies were hit with some type of ransomware in the last 12 months. Not only are the attacks on the rise, but every week new ransomware variants appear in the ecosystem. Cryptoransomware — malware that employs strong, ostensibly unbreakable key-based cryptography to hold a victim’s personal files to ransom — has presented particular problems. According to the FBI, a 2016 variant compromised an estimated 100,000 computers a day. In the face of this quickly evolving threat, companies need to develop multifaceted preparedness and recovery plans, a key element of which should be ensuring they have the right insurance coverage in place.
Source: Orrick

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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Michigan Enacts First Law for Testing, Sale of Driverless Cars

Michigan, in a race with Silicon Valley for supremacy in autonomous autos, enacted legislation [on Dec. 9] that it said is the first in the U.S. to establish comprehensive regulations for testing, use and eventual sale of self-driving cars. Governor Rick Snyder signed a law that defines how self-driving cars can be used on public roads in testing and commercial deployment, the Michigan Economic Development Corp. said in a statement. The law allows public road testing of vehicles without steering wheels, gas or brake pedals or any need for human control. It lets auto and tech companies operate driverless ride-sharing services and also lays out rules for how self-driving cars can be sold to the public once the technology has been tested and certified.
Source: Bloomberg

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NADA Convention Launches Mobile App


 

The new NADA100 mobile app for the 2017 NADA Convention and Expo in New Orleans is now available in the App Store and Google Play. Search for NADA100.

Key features include:

  • Real-time alerts;
  • Workshop and event schedules; 
  • The option to download and email workshop handouts;
  • Locate and schedule meetings with exhibitors; and
  • Rating the workshop sessions.

The NADA convention runs from Thursday, Jan. 26, to Sunday, Jan. 29. The advance online registration discount of $75 for NADA member dealers and their managers ends Jan. 20. For more information or to register, visit www.nadaconvention.org.  
Source: NADA Convention & Expo

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Past Articles
       
      Quotable
      "There's still a lot of great new products coming out and a lot of marketing and incentives actively in the marketplace. It's supportive of a healthy industry."

          -- Joe Hinrichs, Ford Motor Co. president of the Americas, Automotive News, Dec. 10
       
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      NADA Convention


      NADA Videos

      Dealers Help Consumers Secure Competitive Financing


      Introducing NADA Academy Plus

      NADA Webinars

      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.

      NADA Chairman's Commentary
      The Next 100 Years of Evolution is Here
       
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