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January 12, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Mark Fields Joins NADA Convention Speaker Lineup in New Orleans
NADA President Says Automaker Pricing ‘Schemes’ Fuel Consumer Distrust
Trump Leans on GM to Follow Ford, Fiat Chrysler U.S. Investments
Truck Sales Could Grow Under Trump, Ford's Hinrichs Says
Fiat Chrysler CEO Says Good Chance Hitting 2018 Targets
Volkswagen Faces Reforms, Oversight for Three Years under U.S. Settlement
U.S. Transportation Nominee Chao Hits No Roadblocks in Confirmation Hearing
Top Stories
Mark Fields Joins NADA Convention Speaker Lineup in New Orleans


Mark Fields, president and CEO of Ford Motor Company, will sit down with NADA Chairman Jeff Carlson for a fireside chat during the opening general session of the 2017 NADA Convention and Expo in New Orleans on Friday, January 27. Other speakers at the NADA convention – which runs from Thursday, January 26, to Sunday, January 29 – include Carlson and NADA Vice Chairman Mark Scarpelli, motorsports legends Roger Penske and Helio Castroneves, New York Times best-selling authors, comedian Jim Gaffigan and inspirational speaker Amy Purdy.

NADA, founded in 1917, will kick off yearlong events commemorating its 100-year anniversary with NADA 100 Carnival, which will be held at Mardi Gras World on Thursday, January 26. The Carnival will feature top New Orleans cuisine and musical entertainment from Foreigner, Cowboy Mouth and jazz favorites. For more information or to register, visit www.nadaconvention.org.   
Source: NADA

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NADA President Says Automaker Pricing ‘Schemes’ Fuel Consumer Distrust

Some automaker incentive programs cause undesirable pricing discrepancies in the marketplace and fuel consumer distrust of car dealers, Peter Welch, president of the National Automobile Dealers Assn., tells an audience that includes several auto executives. “In a world where customers crave fairness and transparency in price, why do some manufacturers still deploy unfair marketing strategies that produce huge variations in price between various customers?” he says in a speech held [in Detroit] in conjunction with the North American International Auto Show...

Welch names pricing culprits (without calling out any particular automaker) as unfair stair-step incentive programs, indiscriminate price tag coupons, “and other schemes that are too complicated, not consumer friendly and that are not available to all dealers regardless of their size or location.” It leads to multi-tier pricing that “has always, and will always, cause our customers to be skeptical of what dealers tell them. Simply put, these types of programs are trust killers.”
Source: WardsAuto

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Trump Leans on GM to Follow Ford, Fiat Chrysler U.S. Investments

President-elect Donald Trump nudged General Motors Co., the largest U.S. automaker, to follow its biggest peers by investing in domestic auto plants and adding jobs. Less than two minutes into his first formal press conference after the November election, Trump highlighted Ford Motor Co.’s plans to cancel a $1.6 billion factory in Mexico and expand an existing plant in Michigan. Fiat Chrysler Automobiles NV committed $1 billion toward building three new Jeeps in the U.S. and enabling a Michigan facility to build a Ram pickup now produced in Mexico. “I hope that General Motors will be following and I think they will be,” Trump said Wednesday at Trump Tower in Manhattan. “I think a lot of people will be following. I think a lot of industries are going to be coming back.”
Source: Bloomberg

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Truck Sales Could Grow Under Trump, Ford's Hinrichs Says

Joe Hinrichs, Ford Motor Co.’s president of the Americas, suggested that pro-growth policies from President-elect Donald Trump could help lead to more truck sales, even as the overall U.S. market plateaus. U.S. sales of Ford’s venerable F-Series totaled 820,000 units in 2016, its best sales year since 2005, and “there could be more,” Hinrichs said Wednesday at the Automotive News World Congress.
Source: Automotive News

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Fiat Chrysler CEO Says Good Chance Hitting 2018 Targets

Fiat Chrysler Automobiles Chief Executive Sergio Marchionne told Wall Street analysts on Wednesday that the company's chances of hitting 2018 financial targets are "significantly greater than 50 percent," according to a person present at the meeting. Fiat Chrysler had no comment on the remarks made by Marchionne at the analyst meeting.
Source: Reuters

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Volkswagen Faces Reforms, Oversight for Three Years under U.S. Settlement

Volkswagen AG, as part of a $4.3 billion settlement with U.S. regulators, on Wednesday agreed to sweeping reforms, new audits and oversight by an independent monitor for three years to resolve diesel emissions cheating investigations. Under the settlement of charges it installed secret software in U.S. vehicles to allow them to emit up to 40 times legally allowable pollution, the German automaker agreed to change the way it operates in the United States and other countries.
Source: Reuters

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U.S. Transportation Nominee Chao Hits No Roadblocks in Confirmation Hearing

Donald Trump's choice to run the U.S. Transportation Department, Elaine Chao, defended the president-elect's $1 trillion infrastructure plan as a "bold vision" on Wednesday in an overwhelmingly friendly Senate confirmation hearing. While there is criticism of Chao, in particular on environmental issues, there is no significant opposition to her nomination and she is expected to be confirmed.
Source: Reuters

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Past Articles
       
      Quotable
      "In a world where customers crave fairness and transparency in price, why do some manufacturers still deploy unfair marketing strategies that produce huge variations in price between various customers?"

          -- NADA President and CEO Peter Welch, in remarks Tuesday at Automotive News World Congress, WardsAuto, Jan. 11

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