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Inside this issue
For Jeep's Chinese Suitor, It's 'Complicated'
Ford, Chinese Partner Look at Possible Electric Car Venture
A Korean Pickup? Hyundai Moves Forward with Plans for a Truck
Asbury CEO Monaghan Will Retire; COO Hult Moves Up
Studies Find Automated Safety Systems Preventing Car Crashes
Cincinnati Auto Dealers Attend U.S. SBA Roundtable on Regulatory Reform
NADA100 Celebration Continues with Employee Appreciation Event
Top Stories
For Jeep's Chinese Suitor, It's 'Complicated'

Investors have been pouring money into FCA shares, however, hoping that [Fiat Chrysler boss Sergio] Marchionne's luck is about to change in the form of a Chinese suitor. Great Wall Motor, the country's largest SUV maker, confirmed in a regulatory filing that it is interested in Fiat Chrysler, but said it had not held formal talks with the company.
Source: CNBC

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Ford, Chinese Partner Look at Possible Electric Car Venture

Ford Motor Co. and a Chinese automaker said Tuesday they are looking into setting up a joint venture to develop and manufacture electric cars in China. Ford's potential venture with Anhui Zotye Automobile Co. adds to the global auto industry's rising activity in electric vehicles for China, which passed the United States last year as the biggest market for them.
Source: The Associated Press

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A Korean Pickup? Hyundai Moves Forward with Plans for a Truck

Hyundai is getting into the pickup game. The Korean automaker's executives in the U.S. have received the OK to develop a pickup truck. While a final decision has not yet been made on building the truck or when it might hit showrooms, the greenlight from Hyundai's leaders in South Korea is a strong indication we will see a Hyundai pickup in the next several years.
Source: CNBC

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Asbury CEO Monaghan Will Retire; COO Hult Moves Up

Asbury Automotive Group Inc. CEO Craig Monaghan will step down Jan. 1 after nine years leading the public dealership group. COO David Hult will replace him, the company said Tuesday. Monaghan, 60, will become vice chairman of the board until the company's 2018 annual meeting of stockholders. Asbury Automotive Group, of Duluth, Ga., ranks No. 7 on Automotive News' list of the top 150 dealership groups based in the U.S. with retail sales of 102,360 new vehicles in 2016. It operates 79 dealerships across the U.S.
Source: Automotive News

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Studies Find Automated Safety Systems Preventing Car Crashes

Researchers say safety systems to prevent cars from drifting into another lane or that warn drivers of vehicles in their blind spots are beginning to live up to their potential to significantly reduce crashes. Two studies released Wednesday by the Insurance Institute for Highway Safety found that vehicles with lane-keeping and blind-spot monitoring systems had lower crash rates than the same vehicles without the systems. Some lane-keeping systems even nudge vehicles back into their lanes for drivers.
Source: The Associated Press

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Cincinnati Auto Dealers Attend U.S. SBA Roundtable on Regulatory Reform

The U.S. Small Business Administration’s Office of Advocacy hosted a Regional Regulatory Reform Roundtable in Cincinnati on August 1 that attracted dozens of small businesses and their representatives who were eager to discuss federal regulations that burden small business.

Congressman Steve Chabot (R-Ohio), chair of the House Small Business Committee, kicked off the meeting by detailing congressional efforts to ease regulatory burdens on small businesses, including access to capital, tax reform, removing trade barriers, and government contracting. He stated that regulatory reform was the No. 1 issue he hears about from small businesses in his district.

A representative from the Cincinnati Automobile Dealers Association stated his industry was impacted by 61 federal regulations at a cost of $162,000 per dealership each year. He cited the Occupational Safety and Health Administration’s new recordkeeping and reporting requirements as particularly bothersome since it requires auto dealers, for the first time, to report injury and illness records despite the fact that illness and injury rates in the industry have been steadily declining for years.

Representatives from the trucking industry complained about the Federal Motor Carrier Safety Administration’s Safety Measurement System program, which they said was inconsistent, unfairly impacted small truckers, and was leading to vicarious liability lawsuits against freight brokers. 

As the discussion developed, common themes arose, such as rising health care costs, paperwork burdens imposed by federal agencies and burdensome financial regulations that were impeding small business financing.
Source: U.S. SBA / NADA

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NADA100 Celebration Continues with Employee Appreciation Event



TYSONS, Va. – Continuing its historic 100-year celebration working on behalf of its dealer members, NADA held an employee appreciation picnic on August 22, 2017. It was the same date exactly 100 years ago when NADA was incorporated as a trade association in Chicago in 1917.

“Auto dealers across America are represented by the finest group of people that make up NADA,” said 2017 NADA Chairman Mark Scarpelli, whose term as chairman coincides with NADA’s 100th anniversary. “They are devoted, loyal and genuinely care about dealers.”

NADA employees and the NADA leadership celebrated with live music, a BBQ-style picnic and received commemorative coins, NADA100 Convention Magazine, Automotive News’ special edition, t-shirts and caps.

“I’m so proud to be part of the NADA team,” added Scarpelli, who attended the employee event with NADA Vice Chairman Wes Lutz and NADA President/CEO Peter Welch. “I can tell every new-car dealer in America that we are represented on all fronts by the best and brightest, and our interests and concerns heard on Capitol Hill and in the regulatory arena.”

In addition to the NADA100 Convention in New Orleans this past January, NADA has been celebrating its centennial all year long with documentary videos, press releases, digital media outreach, speeches, meetings and other events.
Source: NADA

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Quotable
"I think the upside for Fiat Chrysler is tremendous. It's a question of how much they would pay."

    -- Bill Russo, managing director at Gao Feng Advisory, commenting on Great Wall Motor's interest in acquiring Fiat Chrysler, CNBC, August 23

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