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January 10, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Wall Street Journal Opinion: Firing Richard Cordray
Auto Industry Execs React to Specter of Donald Trump
Toyota Highlights U.S. Investment Plan in Wake of Trump Criticism
High-Level VW Executives Could Face U.S. Charges, Report Says
Deceased Vehicles Come Alive at Detroit Auto Show: Jeep Wagoneer, Ford Bronco
Bolt, Pacifica, Ridgeline Named Car, Utility and Truck of the Year
Top Stories
Wall Street Journal Opinion: Firing Richard Cordray

Trump will have ample cause to fire the rogue financial regulator.

Donald Trump has experience firing subordinates, sometimes even without television cameras around, and we’re nominating his next candidate: Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), whose lawless and unprofessional agency deserves a dose of political accountability.
Source: The Wall Street Journal

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Auto Industry Execs React to Specter of Donald Trump

President-elect Donald Trump - and his prolific Twitter finger - is the talk of this year's North American International Auto Show. Throughout his presidential campaign, and after the election, Trump criticized automakers for moving U.S. production to Mexico, often through tweets. He has threatened a 35-percent tariff on Mexican-made vehicles that are exported to the U.S. Such a tariff could wreak havoc on the industry, since every major automaker produces vehicles in Mexico. Here's how auto industry executives have reacted to Trump at the auto show ...
Source: The Associated Press

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Toyota Highlights U.S. Investment Plan in Wake of Trump Criticism

President Akio Toyoda said company will plow billions of dollars into America in next few years

Toyota Motor Corp. has intensified efforts to highlight its contribution to the U.S. economy, in the wake of criticism from President-elect Donald Trump , saying that it will plow billions of dollars into the country over the next few years.
Source: The Wall Street Journal

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High-Level VW Executives Could Face U.S. Charges, Report Says

Complaint says executive management was made aware of cheating devices

U.S. prosecutors are planning to charge high-level Volkswagen executives based in Germany over the automaker’s diesel-cheating scandal, a person familiar with the matter told Bloomberg, after the FBI arrested a manager in the U.S. for allegedly misleading regulators. VW's executive management was informed about the "existence, purpose and characteristics" of an emissions cheating device in July 2015, and chose not to disclose it to U.S. regulators, a court filing on Monday showed.
Source: Automotive News

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Deceased Vehicles Come Alive at Detroit Auto Show: Jeep Wagoneer, Ford Bronco

Automakers are reviving hefty sport-utility vehicles and trucks that hearken back to a bygone era when vehicles like the Jeep Wagoneer and Ford Bronco were synonymous with big engines, living large, and when gasoline was no obstacle to affordable driving. Bringing back some famous vehicles known for their fuel thirst may reflect a bid to capitalize on the Trump era, with an energy policy expected to bolster oil production and fuel economy regulations possibly loosening.
Source: USA Today

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Bolt, Pacifica, Ridgeline Named Car, Utility and Truck of the Year

The 2017 Chevrolet Bolt electric car, Honda Ridgeline pickup and Chrysler Pacifica minivan, respectively, were named North American Car, Truck and Utility Vehicle of the year at the North American International Auto Show Monday in Detroit. The three vehicles demonstrate how the push for increased efficiency and connectivity is changing every kind of vehicle.
Source: Detroit Free Press

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Past Articles
       
      Quotable
      " ... Mr. Trump should fire Mr. Cordray for cause, and the President-elect has a menu of reasons. Take a CFPB auto-loan campaign, which involved guessing the race of a borrower by his last name, and then suing banks that seemed to offer better deals to people the government assumed are white. A House Financial Services Committee report detailed how Mr. Cordray and senior officers knew their statistical method was 'prone to significant error' but hid that reality from the public."

          -- Opinion, The Wall Street Journal, Jan. 9

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