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March 10, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Study Warns of Higher Consumer Prices, Job Losses Under Current MPG Rules
Trump's EPA Chief Says He's Addressing a Rule That Automakers Oppose 'Very Soon'
Foreign-Car Dealers Urge Congress to Reject Border Tax
Volkswagen Set to Plead Guilty on Friday in Emissions Case
BMW’s Struggles in the U.S. Hit Overall Earnings
Ford’s Hinrichs and Toyota’s Carter Slated for NADA / J.D. Power Automotive Forum
NHTSA Says to Check for Recalls with Daylight Saving
Top Stories
Study Warns of Higher Consumer Prices, Job Losses Under Current MPG Rules

As President Donald Trump weighs easing U.S. fuel-economy rules, an automaker-funded study offered support based on looming cost increases for consumers and a short-term drop in industry employment. U.S. consumers may pay an average premium of more than $1,800 per vehicle by 2025 due to tougher fuel economy and emissions targets, according to the Indiana University study, which was conducted over 18 months and funded by the Alliance of Automobile Manufacturers. Employment losses will peak at about 150,000 in 2021, as consumers will shy away from buying costlier cars and trucks, said John Graham, a co-author of the study.
Source: Bloomberg/Automotive News

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Trump's EPA Chief Says He's Addressing a Rule That Automakers Oppose 'Very Soon'

Environmental Protection Agency chief Scott Pruitt said Thursday he expects an announcement rolling back fuel economy rules "very soon." Automakers have expressed concern about the rules set during the Obama administration, which would have pushed auto fuel economy standards to 54.5 mpg by 2025. Some companies have said the Corporate Average Fuel Economy, or CAFE, standard would boost regulatory compliance costs. Pruitt, who has pledged to roll back what he deems burdensome regulations, told CNBC that American automakers wanted to evaluate those standards. He said he believes the rule-making process was rushed.
Source: CNBC

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Foreign-Car Dealers Urge Congress to Reject Border Tax

About 250 foreign-car dealers from around the country spread out across Capitol Hill on Thursday to meet with lawmakers and urge them to reject a House Republican plan for a new tax on imports. Members of the American International Automobile Dealers Association, which represents 9,500 franchises, told members of Congress that the border-adjustment tax would hurt sales. They point to a study by the Center for Automotive Research that the tax could lead to a 5.6 percent increase in prices in the overall market, or an estimated average of $1,970 per vehicle.
Source: The Detroit News

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Volkswagen Set to Plead Guilty on Friday in Emissions Case

Volkswagen AG is set to plead guilty on Friday to three felony counts in the Justice Department's diesel emissions investigation, as the German automaker seeks to move past its cheating scandal. As part of a plea agreement with U.S. prosecutors announced in January, the company agreed to sweeping reforms, new audits and oversight by an independent monitor for three years after it admitting to installing secret software in vehicles to enable it to beat emissions tests over a six-year period.
Source: Reuters

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BMW’s Struggles in the U.S. Hit Overall Earnings

The self-proclaimed ultimate driving machine has hit a pothole in the world’s most important luxury market. BMW AG’s U.S. operation helped fuel the German auto maker’s rise, but it is now struggling to keep pace in the cutthroat American market. The company, whose BMW brand reported its first U.S. sales decline in seven years, needs a jump start so it can fund a spate of ambitious technology products.

New SUVs from smaller luxury competitors, including Jaguar and Land Rover, have added pressure on BMW at the same time some of its hallmark vehicles—including the 5-Series—need to be refreshed. Brian Allan, senior director of Galpin Motors, a Los Angeles dealership that sells brands such as Lincoln, Volvo and Jaguar, said it doubled its sales of Jaguar vehicles in 2016, with sales of the F-Pace SUV accounting for 30% of the increase. Sales of Volvo vehicles rose 50% at the dealership in 2016, driven almost exclusively by the XC90 SUV.
Source: The Wall Street Journal (Subscription required)

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Ford’s Hinrichs and Toyota’s Carter Slated for NADA / J.D. Power Automotive Forum


Hinrichs


Carter

Joe Hinrichs, executive vice president and president, The Americas, Ford Motor Company, will sit down for a fireside chat with Jason Stein, publisher of Automotive News. Bob Carter, senior vice president of automotive operations for Toyota Motor Sales, U.S.A., will discuss “Mobility for the Next 50 Years: Cars, Technology, Safety and Mobility Solutions for Everyone,” followed by a Q&A session with Finbarr O’Neill, president of J.D. Power.

Hinrichs and Carter are among several speakers and panel sessions scheduled at the 2017 Automotive Forum at the Grand Hyatt New York on April 11. The full-day forum, “Automotive 3.0 – Navigating through Changing Times,” is hosted by NADA, J.D. Power and the New York International Auto Show.

For the full agenda or to register, visit www.autoforumny.com. Attendees will receive exclusive access to the auto show during press days starting on April 12.
Source: NADA

Related article:


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NHTSA Says to Check for Recalls with Daylight Saving

It’s that time of year again – daylight saving time – when we check our smoke alarms and set our clocks forward to spring ahead. Why not protect yourself and your loved ones against possible vehicle safety defects, too? This weekend the National Highway Traffic Safety Administration (NHTSA) is recommending consumers use the daylight saving time schedule to take a simple safety step and check their VIN to see if their vehicle is under a recall.

Consumers can use NHTSA’s free VIN Look-up Tool on NHTSA.gov to see if their vehicle manufacturer or NHTSA has determined that there is a defect in their vehicle. If consumers are new to the process, they can also watch this step-by-step video on how to check their VIN and find out more about how recalls work.

NHTSA also wants to give you the chance to be part of the safety conversation. Join the agency this weekend, on March 12, 2017 from 1-4 p.m. ET, for our Daylight Saving Time Tweet Up. Get answers to your questions and give your input on Twitter, using the hashtag #CheckforRecalls, and tag @NHTSAgov. 
Source: NHTSA

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Past Articles:

 
Quotable
"Our findings don't call into question the need for regulation but we found that the federal requirements need to be fine-tuned. Due to unexpectedly low gas prices and tepid demand for electric and hybrid vehicles, the standards will have greater economic impact than envisioned when they were developed."

    -- John Graham, a co-author of an Indiana University study on fuel-economy rules and the impact on vehicle cost and employment, Bloomberg/Automotive News, March 9

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Automotive Forum -- April 11

 
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