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Inside this issue
NADA / J.D. Power Automotive Forum: The View from Wall Street
Trump Answers Auto Industry Call for Review of $33 Billion Rules
Volkswagen CEO: U.S. Remains 'Core Market' for Company
Big Tech Reshaping Auto Supply Chain With Latest Deals
Volkswagen CEO Says Not Ruling Out Merger Talks with Fiat Chrysler
We're in an 'Arms Race' for Smart People: Bill Ford
Top Stories
NADA / J.D. Power Automotive Forum: The View from Wall Street

“The View from Wall Street” is among several topics and panel sessions slated for the 2017 Automotive Forum in New York City next month ahead of the auto show. The Wall Street panel speakers are John Murphy, managing director and lead U.S. auto analyst in equity research for Bank of America Merrill Lynch, and Michael Montani, managing director and analyst on Evercore ISI’s consumer research team covering auto dealerships.

Girsky

Murphy

Montani

Stephen Girsky, managing partner of VectoIQ, an independent advisory firm based in New York, will moderate a panel discussion with Murphy and Montani. Girsky served in numerous capacities at General Motors from November 2009 until July 2014.

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. It will be held at the Grand Hyatt New York on April 11, 2017. For the full agenda or to register, visit www.autoforumny.com. Seating is limited, so register today. Attendees will receive access to the auto show during press days starting April 12.
Source: NADA

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Trump Answers Auto Industry Call for Review of $33 Billion Rules

When President Donald Trump visits the Detroit area this week, he’ll come bearing a gift: a first step toward relaxing rules that could cost automakers about $33 billion. Trump will announce as part of a visit to Ypsilanti, Michigan, on Wednesday that his administration will begin re-examining fuel-economy standards set by the Obama administration, according to two people familiar with the plans. He’ll speak with workers and executives at carmakers that have sought to relax the rules, which the Environmental Protection Agency tried to solidify during the final days of Barack Obama’s presidency.
Source: Bloomberg

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Volkswagen CEO: U.S. Remains 'Core Market' for Company

The CEO of German automaker Volkswagen says the United States remains a "core market" for the company despite its diesel emissions scandal and has underlined that it hopes to expand there. Matthias Mueller made the comments Tuesday at the company's annual news and investor conference at its headquarters in Wolfsburg, Germany.
Source: The Associated Press

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Big Tech Reshaping Auto Supply Chain With Latest Deals

Intel Corp. sent a fresh shock wave through the automotive supply chain, becoming the latest tech company to gobble up a specialized car components supplier. The Silicon Valley company’s $15 billion acquisition of Mobileye NV could unsettle established auto makers, but it may be the type of big bet needed to populate roads with self-driving vehicles.
Source: The Wall Street Journal (Subscription required)

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Volkswagen CEO Says Not Ruling Out Merger Talks with Fiat Chrysler

Volkswagen Chief Executive Matthias Mueller said he did not rule out he could hold merger talks with Fiat Chrysler boss Sergio Marchionne, in a marked change of tone by the German carmaker toward its Italian-American peer. "I am not ruling out a conversation," Mueller told journalists after VW's annual results news conference.
Source: Reuters

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We're in an 'Arms Race' for Smart People: Bill Ford

The frenetic race to develop autonomous vehicles features a lot of bold claims, management wooing and screaming headlines. Sleep while your car drives! Come work for us and change the world! Technology secrets stolen! Sounds like déjà vu to Bill Ford, chairman of Ford Motor and great-grandson of Henry Ford.
Source: USA Today

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Past Articles:
 
Quotable
"We are committed to continued gains in fuel efficiency and carbon reduction. At the same time, ignoring consumer preferences and market realities will drive up costs for buyers and threaten future production levels."

    -- Auto industry executives wrote in a letter to President Donald Trump, Bloomberg, March 14

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Automotive Forum -- April 11

 
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