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January 20, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Trump Has Vowed to Slash Regulations. Where He Might Start and the Hurdles He Faces
Another Round of Takata Airbag Recalls Filed by 13 Automakers
California Warns of Break From Washington on Clean-Air Rules
Ex-Chief of VW Holds Firm During Grilling on Emissions Deception
Roger Penske and Helio Castroneves Join Speaker Lineup at NADA Convention
Top Stories
Trump Has Vowed to Slash Regulations. Where He Might Start and the Hurdles He Faces

Donald Trump's ascendance to the White House has raised hopes among U.S. businesses for the most significant rollback of regulations since the Reagan administration. Cutting regulations is not only a key component in Trump's goal of doubling economic growth to 4%, but some economists regard it as potentially the most powerful agent for revving up the sluggish pace of business investment and overall productivity, the single biggest factor in improving the living standards of Americans. Trump has called Dodd-Frank "a very negative force" in the economy. And his Treasury secretary designee, Steven Mnuchin, believes that Dodd-Frank is too complicated and an obstacle to lending, and has pledged to strip back parts of the law and make that priority No. 1 on regulatory reform.
Source: Los Angeles Times

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Another Round of Takata Airbag Recalls Filed by 13 Automakers

More than a dozen automakers this week recalled another 652,000 vehicles with Takata airbag inflators in the U.S. to replace front passenger inflators as the largest callback in the history of the auto industry continues to cascade through the regulatory process. The 13 automakers that posted recalls in the latest U.S. batch are Audi, BMW, Daimler Vans, Ferrari, Jaguar Land Rover, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Subaru, Tesla, McLaren and Karma.
Source: Automotive News

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California Warns of Break From Washington on Clean-Air Rules

California sent a warning shot in a potential showdown with the incoming Trump administration, with the state’s clean-air regulators digging in on mandates for an ever-greater number of electric and fuel-cell cars. The staff of California’s Air Resources Board called national efforts to promote electrification “very modest” after 2025 as it released a more than 660-page report Wednesday on the future of zero-emission vehicles, or ZEVs. If federal emissions standards are substantially changed, the state may revisit whether to keep coordinating with Washington’s policies, they said.
Source: Bloomberg

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Ex-Chief of VW Holds Firm During Grilling on Emissions Deception

Volkswagen’s former chief executive, Martin Winterkorn, yielded no ground on Thursday during a polite grilling by German lawmakers over the carmaker’s diesel-emissions deception, but he astonished them by insisting that he had not heard the term “defeat device” before September 2015, when the scandal broke. Appearing in public for the first time since he resigned over the case, Mr. Winterkorn, who worked at the company for more than 35 years, contended, as he has all along, that he had not been aware of any wrongdoing.
Source: The New York Times

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Roger Penske and Helio Castroneves Join Speaker Lineup at NADA Convention

Advance registration discount for dealers and managers ends Friday, Jan. 20.

Motorsports legends Roger Penske, chairman of Penske Corporation, and Helio Castroneves, three-time Indianapolis 500 winner for Team Penske Racing, will take the stage at the 2017 NADA Convention and Expo in New Orleans on Saturday, Jan. 28. Keith Crain, editor-in chief of Automotive News, will moderate the discussion.



“As NADA celebrates its centennial, it’s a wonderful honor for it to salute Roger Penske on 50 years of motorsports along with Helio Castroneves, who is an icon at Indianapolis as well as becoming a participant in an auto dealership,” Crain said. “NADA’s 100th anniversary is a milestone for auto dealers across this nation.”

Mark Fields, president and CEO of Ford Motor Company, will sit down with 2016 NADA Chairman Jeff Carlson for a fireside chat during the opening general session on Friday, Jan. 27. Other speakers at the NADA convention – which runs from Thursday, January 26, to Sunday, January 29 – include Carlson (Jan. 27) and 2017 NADA Chairman Mark Scarpelli (Jan. 28), New York Times best-selling authors, comedian Jim Gaffigan (Jan. 27) and inspirational speaker Amy Purdy (Sunday, Jan. 29).

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, Jan. 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 Public Affairs

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Past Articles
       
      Quotable
      "Regulatory reform, its potential, is way above either cutting taxes or stimulus spending."

          -- John Cochrane, senior fellow at Stanford's Hoover Institution, commenting on President-elect Donald Trump's plan to cut regulations, Los Angeles Times, Jan. 19

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