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Inside this issue
April 5 Briefing: NADA to Discuss Auto Sales and Economic Trends
Trump Administration Signals It Would Seek Mostly Modest Changes to NAFTA
Volkswagen Cleared by EPA to Sell Repaired 2015 Diesels
April 6 Webinar: FTC Update on Court-Ordered Buyback of Certain VW and Audi Vehicles
Ford Credit Sees Little to Worry About from Longer Terms
Batteries Included as Hyundai Amps Up Electric Car Ambitions
Top Stories
April 5 Briefing: NADA to Discuss Auto Sales and Economic Trends

During an industry briefing via conference call, NADA Chief Economist Steven Szakaly and NADA Chairman Mark Scarpelli will share their insights on the overall economy, where it’s trending and provide any revisions to NADA’s sales forecast for new cars and light trucks following the first quarter, as well as highlight the key sales indicators and drivers of the retail-auto industry.

When: Wednesday, April 5, 2017
Call-in Time: 11 a.m. ET

Scarpelli is president of Raymond Chevrolet and Raymond Kia in Antioch, Ill., and co-owner of Ray Chevrolet and Ray Chrysler-Jeep-Dodge-Ram in Fox Lake, Ill.

A Q&A session with members of the media and industry will follow the briefing. Click here to register.
Source: NADA

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Trump Administration Signals It Would Seek Mostly Modest Changes to NAFTA

The Trump administration is signaling to Congress it would seek mostly modest changes to the North American Free Trade Agreement in upcoming negotiations with Mexico and Canada, a deal President Donald Trump called a “disaster” during the campaign.
Source: The Wall Street Journal

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Volkswagen Cleared by EPA to Sell Repaired 2015 Diesels

Volkswagen AG will soon do what's been impossible since its emissions crisis began: sell diesel-powered cars in the U.S. The company received approval from the EPA for dealers to sell 2015 model year diesels after updating the vehicles' emissions software, VW Group of America spokeswoman Jeannine Ginivan said.
Source: Bloomberg

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April 6 Webinar: FTC Update on Court-Ordered Buyback of Certain VW and Audi Vehicles

The Federal Trade Commission (FTC) will provide NADA members with an update regarding the Volkswagen and Audi diesel buyback provisions, including new developments since the September 2016 NADA and FTC webinar.

Date:  Thursday, April 6, 2017
Time:
  12 p.m. ET
Presented by:
  Jonathan Cohen and Sangioon "Simon" Han, FTC
Duration:
  60 minutes

The webinar will cover ongoing issues affecting dealers and consumers, and what to expect over the coming months. Details of the now-final 2.0-liter diesel settlement and the proposed 3.0-liter diesel settlement are available at VWCourtSettlement.com. The webinar is open to dealers and their representatives. Click here to register.
Source: NADA and FTC

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Ford Credit Sees Little to Worry About from Longer Terms

Ford Motor Credit Co. doesn’t really like the rise in loan terms to as much as 84 months in the U.S., but the trend probably isn’t so damaging that the auto finance industry needs to clamp down drastically on longer terms. That was the implication of remarks by CFO Marion Harris in a conference call Thursday for analysts and investors. Ford Credit hasn’t relied on longer-term loans to the same extent as the industry as a whole.
Source: Automotive News

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Batteries Included as Hyundai Amps Up Electric Car Ambitions

South Korea's Hyundai Motor Co. is developing its first dedicated architecture for electric vehicles, an executive told Reuters, seeking to catch up with the likes of Tesla in the growing segment with multiple, long-range models. Industry executives also say tough fuel-economy and emissions regulations in the United States, Europe and China are compelling automakers to push fuel-efficient cars even though low oil prices have undercut demand.
Source: Reuters

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Past Articles:
     
 
Quotable
"We want to lead the changes in terms of technology."

    -- Kim Sae-hoon, who oversees technology at Hyundai Motor Co. and affiliate Kia Motors Corp., commenting on its plans to unveil a new hydrogen-powered SUV next year, Bloomberg, March 29

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Automotive Forum -- April 11

 
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April 6: FTC Update on Court-Ordered Buyback of Certain VW and Audi Vehicles (12 p.m. ET)

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