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Inside this issue
Automakers Get a Break on CAFE Penalties
U.S. Third-Quarter Economic Growth Raised to 3.5%
Hyundai Motor America Chief Executive Dave Zuchowski Exits
Ford Recalls 8,000 2017 Super Duty Trucks for Fuel Strap Reinforcement
General Motors and 4 Other Great Value Stocks for 2017
NADA Convention Launches Mobile App
Top Stories
Automakers Get a Break on CAFE Penalties

In response to a petition from groups representing auto manufacturers, the National Highway Traffic Safety Administration is postponing a steep increase in penalties for noncompliance with corporate average fuel-economy standards. That increase, which was due to be applied to 2015 model-year vehicles, will now take effect beginning with 2019 models. The agency said the delay reflects “the reality that manufacturers design their products far in advance.”

Separately, the agency granted automakers’ request for a formal rule-making process to clear up discrepancies between greenhouse-gas standards overseen by the EPA and the fuel-economy standards administered by NHTSA.
Source: Automotive News

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U.S. Third-Quarter Economic Growth Raised to 3.5%

Gross domestic product increased at a 3.5 percent annual rate instead of the previously reported 3.2 percent pace, the Commerce Department said in its third GDP estimate on Thursday. Growth was the strongest since the third quarter of 2014 and followed the second quarter's anemic 1.4 percent pace.

Consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased at a 3.0 percent rate in the third quarter and not the 2.8 percent pace reported last month. That was still a slowdown from the second quarter's robust 4.3 percent pace.
Source: Reuters

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Hyundai Motor America Chief Executive Dave Zuchowski Exits

Hyundai Motor Co.’s top U.S. sales executive is leaving the company after the Korean auto maker failed to meet expectations in the world’s most profitable auto market. Dave Zuchowski headed the car company’s American unit for nearly three years and U.S. market share was flat over that period. The departure comes as Hyundai launches a new “Genesis” luxury brand and races to add more sport-utility models to its lineup to better meet consumer tastes.

Mr. Zuchowski has been praised by dealers for trying to help the company become more responsive to U.S. market trends. As fuel prices have fallen, buyers have flocked to heavier pickups and sport-utility vehicles—not a traditional strong suit for Hyundai.
Source: WSJ

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Ford Recalls 8,000 2017 Super Duty Trucks for Fuel Strap Reinforcement

Ford Motor Co. is recalling over 8,000 2017 Super Duty trucks that do not contain a proper fuel tank strap reinforcement. Separately, it’s recalling about 1,300 2016 Ford Taurus sedans, 2016-17 Flex crossovers, 2017 Explorers and Police Interceptor Utilities and 2016-17 Lincoln MKT crossovers with leaky turbocharger oil supply tubes. Ford said it is not aware of any fires, accidents or injuries related to either issue.
Source: Automotive News

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General Motors and 4 Other Great Value Stocks for 2017

The U.S. auto industry has been experiencing a bull run for the last few years. 2016 sales are expected to be around 17.5 million, in line with the figure recorded in the previous year. The trend is likely to continue into 2017. The National Automobile Dealers Association ("NADA") expects U.S. auto sales to be healthy in 2017, albeit slower on a year-over-year basis. New car and light truck sales are expected to reach 17.1 million units next year, as per NADA estimates.

Moreover, the regulation related to fuel economy easing is likely to benefit the sector. Rising employment levels and personal income, low fuel prices and easy availability of credit are some of the factors that have been driving auto sales. Moreover, the high average age of cars on U.S. roads continue to boost replacement demand.
Source: NASDAQ

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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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      “We urge NHTSA to act as quickly as possible to complete these steps. Every year that automakers have to comply with two differing sets of rules, it creates unnecessary hurdles for manufacturers.”

       
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