View Web Version

SPONSORED BY
NADA.org
August 25, 2017 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Volkswagen, Fiat Discussing Joint Production of Light-Utility Vehicles
Fiat Chrysler Says Will Always Evaluate Deal Inquiries
Daimler Considers Restructuring with Three Separate Entities, Report Says
Wells Fargo Cedes U.S. Auto-Lending Crown to Ally Amid Car Glut
VW Manager Told CEO about U.S. 'Cheating' in July 2015
Telemarketer Fees to Access the FTC’s Do Not Call Registry to Rise Slightly in FY 2018
Top Stories
Volkswagen, Fiat Discussing Joint Production of Light-Utility Vehicles

Cooperation could include jointly building future versions of VW’s Caddy van and Amarok midsize pickup truck

Volkswagen  AG  and Fiat Chrysler Automobiles NV have held talks over joint production of some light-utility vehicles, according to people familiar with the situation. The talks are in very early stages, the sources said.
Source: The Wall Street Journal

[back to top]

Fiat Chrysler Says Will Always Evaluate Deal Inquiries

Fiat Chrysler said on Friday it would evaluate any inquiries about potential transactions, but did not have anything to add to its previous comments on reported interest from China’s Great Wall Motor in its Jeep brand.
Source: Reuters

[back to top]

Daimler Considers Restructuring with Three Separate Entities, Report Says

Mercedes-Benz cars and vans, Mercedes-Benz trucks and buses and Mercedes-Benz financial services would be separated, [Germany's Manager Magazin reported] adding that new mobility services such as ride-hailing would be added to the financial services arm.
Source: Reuters

[back to top]

Wells Fargo Cedes U.S. Auto-Lending Crown to Ally Amid Car Glut

Wells Fargo & Co. just ended its 3 1/2 year reign as the king of U.S. auto lending. The bank’s decision months ago to pull back from making new loans cleared the way for Ally Financial Inc. to become the industry’s biggest source of funding, according to filings the firms submitted this month to the Federal Reserve.
Source: Bloomberg

[back to top]

VW Manager Told CEO about U.S. 'Cheating' in July 2015

A former senior quality manager at Volkswagen has told investigators he informed then-CEO Martin Winterkorn on July 27, 2015, that the carmaker had “cheated” during emissions tests in the United States, German media reported on Friday.
Source: Reuters

[back to top]

Telemarketer Fees to Access the FTC’s Do Not Call Registry to Rise Slightly in FY 2018

The Federal Trade Commission has announced FY 2018 fees for telemarketers accessing phone numbers on the National Do Not Call Registry. The annual fees will increase slightly from FY 2017, and are set forth in a Federal Register notice.

All telemarketers calling consumers in the United States are required to download the numbers on the Do Not Call Registry to ensure they do not call consumers who have registered their phone numbers. The first five area codes are free, and organizations that are exempt from the Do Not Call rules, such as some charitable organizations, may obtain the entire list for free. Telemarketers must subscribe each year for access to the Registry numbers.

The FY 2018 Registry access fees will increase slightly based on a reevaluation, as required by the Do Not Call Registry Fee Extension Act of 2007. Under the Act’s provisions, in FY 2018 telemarketers will pay $62 for yearly access to Registry phone numbers in a single area code (an increase of $1 from FY 2017), up to a maximum charge of $17,021 for all area codes nationwide (up from $16,714 in FY 2017). The fee for accessing an additional area code for a half year will increase to $31.
Source: FTC

[back to top]

 
Quotable
"The vehicle fleet is still getting older every single year, in spite of our record sales. So you’ve got a significantly larger population of vehicles that require service and are coming in for service pretty regularly."

    -- NADA Chief Economist Steven Szakaly, commenting on revenue growth at dealerships from vehicle repairs and replacement parts, Bloomberg, August 25

Sponsored by

MyDealership.org Videos




 
NADA Videos

Introducing NADA Academy Plus

Upcoming NADA Webinars
Sept. 13 -- 2017 Dealership Technology Trends (12 pm)

Sept. 20 -- Reducing Compliance Risks in F&I Department (12 pm)

Sept. 27 -- Top 7 Action Tips to Improve Dealership Sales (12 pm)

NADA members can view past webinars on-demand at no charge at NADA University Online. Members must create an NADA account before viewing.

Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
NADA For more info, visit nada.org. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. This email may contain an advertisement of NADA products and services. Questions or comments concerning NADA Headlines content may be directed to publicaffairs@nada.org. To unsubscribe from future editions of NADA Headlines, click here or contact NADA, 8400 Westpark Drive, Tysons, VA 22102.