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March 13, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Trump Expected to Announce Vehicle Emissions Rules Review
U.S. Auto Recalls Hit Record High 53.2 Million in 2016
Volkswagen Apologizes, Pleads Guilty to Fraud
GM Isn't Done Pruning
Keith Crain: A New Powerhouse Emerges
VW Reveals New Product, Sales Strategies for U.S.
California to Give Green Light to Truly Driverless Cars
Top Stories
Trump Expected to Announce Vehicle Emissions Rules Review

U.S. President Donald Trump is expected announce a restart of a review of vehicle fuel efficiency rules sought by the auto industry at an event on Wednesday with the chief executives of U.S. automakers, according to two sources briefed on the matter. Trump is expected to visit Ypsilanti, Michigan, a Detroit suburb, to tout his administration's decision to revive a review of the feasibility of the 2022 through 2025 vehicle emissions rules, after the Obama administration moved in its final days to lock in the rules.
Source: Reuters

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U.S. Auto Recalls Hit Record High 53.2 Million in 2016

The U.S. Transportation Department said automakers recalled a record high 53.2 million vehicles in 2016 in the United States in part because of a massive expansion in callback to replace Takata Corp. air bag inflators.
Source: Reuters

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Volkswagen Apologizes, Pleads Guilty to Fraud

The investigation, along with its cover-up, has forced Volkswagen to agree to civil settlements worth about $17 billion for U.S. consumers and dealers who own the automaker's diesel vehicles

U.S. District Judge Sean Cox on Friday accepted a guilty plea from Volkswagen after an executive for the automaker admitted to three federal charges in connection with its diesel emissions scandal.
Source: Detroit Free Press

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GM Isn't Done Pruning

International markets and North American cars could be targets

After pulling the trigger on a sale of its European operations, General Motors signaled that it's willing to cut off more vestigial corners of its business in a decidedly unsentimental drive to improve its profit margins and stock price. CEO Mary Barra made clear last week that the Opel deal is not the end of the automaker's effort to pare its portfolio, though other moves under consideration are unlikely to have the sweeping impact of effectively abandoning one of the world's largest and most mature markets.
Source: Automotive News

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Keith Crain: A New Powerhouse Emerges

Few folks took notice of Carlos Tavares when Carlos Ghosn sent him to Nashville to run the entire Western Hemisphere for Nissan Motor Co. Tavares did well enough to be recalled to France to help Ghosn. But they had a falling out and Tavares found himself unemployed. It didn't take long, though, for the automotive ugly duckling of Europe, PSA, to snatch up Tavares as CEO. What he did to turn around PSA, a combination of a few struggling brands, was nothing short of remarkable. He transformed PSA into a powerhouse and the icing on the cake was the planned purchase of General Motors' European assets.
Source: Automotive News

Keith Crain is editor-in-chief of Automotive News.

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VW Reveals New Product, Sales Strategies for U.S.

Volkswagen, the German automaker known mostly in the U.S. as a small-car company that sold diesels, is going to transform itself into a family-friendly SUV-oriented brand, VW’s top U.S. official tells reporters [in Geneva]. Hinrich Woebcken, CEO-North American Region, also confirms VW no longer will sell diesel-powered vehicles in the U.S. and will focus instead on becoming a leading player in battery electric vehicles beginning in 2020.
Source: WardsAuto

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California to Give Green Light to Truly Driverless Cars

Cars with no steering wheel, no pedals and nobody at all inside could be driving themselves on California roads by the end of the year, under proposed new rules that would give a powerful boost to the technology from the nation’s most populous state.
Source: The Associated Press

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Past Articles:
 
Quotable
"Our overall philosophy is that every country, every market segment has to earn its cost of capital."

   
-- General Motors CEO Mary Barra, commenting on future efforts to pare its portfolio, Automotive News, March 13

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Automotive Forum -- April 11

 
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