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January 18, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
New-Car Dealers to Promote Prom-Season Teen Driving Safety at Upcoming NADA Convention
GM to Add or Keep 7,000 US Jobs, Make $1B Factory Investment
Withdrawal from NAFTA Would Cost U.S. Jobs, CAR Study Finds
FTC Publishes Inflation-Adjusted Civil Penalty Amounts
Toyota, Shell Among Giants Betting $10.7 Billion on Hydrogen
Top Stories
New-Car Dealers to Promote Prom-Season Teen Driving Safety at Upcoming NADA Convention

Dealerships can sign up for the new “Senior Promise 2017” program at the Dealers Driving Road Safety booth at the NADA Expo.

Prom and graduation are exciting times for high school seniors. It can also be a dangerous time for teens, with seven of the top 10 deadliest driving days occurring between Memorial Day and Labor Day. To underscore this critical time, the National Foundation for Teen Safe Driving (NFTSD) is launching “Senior Promise 2017” at the National Automobile Dealers Association (NADA) Convention and Expo in New Orleans, which runs from Jan. 26-29, 2017.

“Many new-car dealerships already have great relationships with school and community leaders and are best positioned to participate in this important initiative in their local communities,” says Roy Bavaro, NFTSD executive director. “During the NADA convention, we will be asking dealers who visit the booth to support the initiative by sharing the contest and campaign details with schools and organizations in their local communities."

Campaign items, such as press releases, post cards, posters and web banners, etc., and simple implementation guidelines to raise awareness of Senior Promise 2017 will be available to participating new-car dealerships at no charge. 

For more information or to sign up, visit the Dealers Driving Road Safety exhibit (booth #2608) at the 2017 NADA convention in New Orleans or sign up online at www.NFTSD.org/dealership-application.  
Source: NFTSD/NADA

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GM to Add or Keep 7,000 US Jobs, Make $1B Factory Investment

General Motors plans to invest $1 billion in U.S. factories and add thousands of new white-collar jobs, measures that have been in the works for years but were announced Tuesday after criticism from President-elect Donald Trump. In all, the Detroit automaker said it will create or keep 7,000 jobs in the next few years, including about 2,000 at factories. Another 5,000 new positions will be created at its auto financing arm and to develop advanced technology, electric and autonomous vehicles and information technology.
Source: The Associated Press


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Withdrawal from NAFTA Would Cost U.S. Jobs, CAR Study Finds

President-elect Donald Trump’s vows to renegotiate NAFTA and pursue more protectionist trade policies likely would have a negative effect on the U.S. auto industry, a new study found. The North American Free Trade Agreement has been a net positive for the industry and for the U.S. economy as a whole, supporting high-wage jobs and making North America a more attractive place to do business, the Ann Arbor, Mich., nonprofit Center for Automotive Research found in a new study released this month.
Source: Automotive News

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FTC Publishes Inflation-Adjusted Civil Penalty Amounts

The Federal Trade Commission has adjusted the maximum civil penalty dollar amounts for violations of 16 provisions of law the FTC enforces, as required by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015. The Act directs agencies to implement annual inflation adjustments based on a prescribed formula. The new maximum civil penalty amounts will take effect upon publication in the Federal Register. The maximum civil penalty amount has increased from $40,000 to $40,654 for violations of Sections 5(1) and 5(m)(1)(A) and (B) of the FTC Act.
Source: FTC

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Toyota, Shell Among Giants Betting $10.7 Billion on Hydrogen

Toyota Motor Corp. and four of its biggest car-making peers are joining oil and gas giants including Royal Dutch Shell Plc and Total SA with plans to invest a combined $10.7 billion in hydrogen-related products within five years. In all, 13 energy, transport and industrial companies are forming a hydrogen council to consult with policy makers and highlight its benefits to the public as the world seeks to switch from dirtier energy sources, according to a joint statement issued from Davos, Switzerland. The wager demonstrates that batteries aren’t the only way to reduce pollution from cars, homes and utilities that are contributing to climate change.
Source: Bloomberg

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Past Articles
       
      Quotable
      "Safety is a shared responsibility and starts with a community-wide commitment. This campaign is a call to action for students, parents, guardians and every member of the community to help make this a safe, memorable prom and graduation season."

          -- Roy Bavaro, executive director of the National Foundation for Teen Safe Driving, referring to its new 'Senior Promise 2017' campaign, which will launch at the NADA Convention and Expo in New Orleans, NFTSD, Jan. 18

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