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August 21, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
China's Great Wall Confirms Interest in Fiat Chrysler
U.S. Did Not Detail Request for Auto Rules of Origin at NAFTA Talks
Shell of Old GM Surfaces in Court Fight Over Ignition Flaw
Embracing the Committed Online Shopper
Automakers, Dealers Shine Spotlight on Eclipse
Top Stories
China's Great Wall Confirms Interest in Fiat Chrysler

China's Great Wall Motor Co. Ltd. is interested in bidding for Fiat Chrysler Automobiles (FCA), a company official said on Monday, confirming reports it is pursuing all or part of the owner of the Jeep and Ram truck brands. "With respect to this case, we currently have an intention to acquire. We are interested in (FCA)," an official at Great Wall Motor's press relations department told Reuters by phone.
Source: Reuters

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U.S. Did Not Detail Request for Auto Rules of Origin at NAFTA Talks

In the opening NAFTA session of talks, the United States did not give precise details of how much it wanted to boost North American content for autos, a source directly familiar with the negotiations said on Saturday. Robert Lighthizer, President Donald Trump's top trade adviser, this week said Washington wanted tougher rules of origin for autos, which determine how much of a vehicle must be built in the three NAFTA nations. He also said the United States was seeking new measures to ensure "substantial U.S. content" for autos. Companies wishing to take advantage of free trade in goods guaranteed by NAFTA must currently meet the 62.5 percent North American content requirement for autos and 60 percent for components.
Source: Reuters

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Shell of Old GM Surfaces in Court Fight Over Ignition Flaw

For eight years, the shell of prebankruptcy General Motors has lingered on in the form of "old G.M." — first as a corporate entity and now as an obscure trust designed to settle debts and claims left over from the company's huge financial collapse. With the help of a $50 billion government bailout in 2009, a reborn G.M. emerged from the bankruptcy process as a healthy company. Meanwhile, old G.M. — officially called Motors Liquidation Company — had the task of selling off factories and other leftover assets to compensate legions of creditors. But just as the business of old G.M. seemed to be winding down, the company has suddenly been thrust into the legal battle over responsibility for the worst safety scandal in the automaker's history.
Source: The New York Times

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Embracing the Committed Online Shopper

With e-commerce putting purchases at everyone's digital fingertips, many consumers prefer to shop at home without spending more time than necessary in a brick-and-mortar retail outlet. More car dealerships are willing to meet those consumers at least halfway by streamlining the digital shopping process. One auto retailer that has embraced the shop-click-buy approach is Raymond Auto Group, which owns Kia, Chevrolet and Chrysler-Jeep-Dodge-Ram stores in Antioch and Fox Lake, Ill.
Source: Automotive News

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Automakers, Dealers Shine Spotlight on Eclipse

Monday's total solar eclipse -- a rare celestial event cutting a huge swath across the United States -- is prompting automakers, dealers and others to celebrate with viewing parties, products and employee appreciation events.
Source: Automotive News

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Quotable
"The digital initiative is about convenience and improving the buying experience."

    -- Mark Scarpelli, president of Raymond Chevrolet and Raymond Kia in Antioch and co-owner with his brother of Ray Chevrolet and Ray Chrysler-Jeep-Dodge-Ram in Fox Lake, commenting on its digital sales process, Automotive News, August 21

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