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January 9, 2018 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Nick Saban Among Keynote Speakers Slated for NADA Show in Las Vegas
U.S. Regulators Meet with California on Fate of Vehicle Fuel Rules
Detroit Auto Show to Raise Awareness of Auto Industry Careers
The Price Gap Thatís Squeezing the Auto Market
GM Races to Build a Formula for Profitable Electric Cars
New Tax Reform Law Highlighted at NADA Show 2018 Workshops
Top Stories
Nick Saban Among Keynote Speakers Slated for NADA Show in Las Vegas


Saban


Theismann

Nick Saban and Joe Theismann are among the numerous speakers slated for NADA Show 2018 in Las Vegas in March.

Saban, the head football coach at The University of Alabama, is one of five keynote speakers. He is considered one of the greatest coaches of all time adding a sixth national championship win on Jan. 9, 2018. Saban is scheduled to speak at the general session on Friday, March 23.
 
Theismann, a NFL champion quarterback, broadcaster and entrepreneur, is one of four speakers slated for the new Distinguished Speaker Series. His session, “Game Plan for Success,” which draws parallels between winning in football and business, will be held on Saturday, March 24.
 
The NADA Show runs from Thursday, March 22, to Sunday, March 25. Click here to register.
Source: NADA

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U.S. Regulators Meet with California on Fate of Vehicle Fuel Rules

Senior U.S. government officials held talks in recent weeks with California’s Air Resources Board (CARB) to discuss the goal of maintaining one set of national requirements for automakers, a move that will determine the fate of vehicle emissions rules. Automakers want the White House and California to reach agreement on revisions because a legal battle over the rules could result in lengthy uncertainly for the industry. They also want changes in the rules to address lower gas prices and a shift in U.S. consumer preferences to larger, less fuel-efficient vehicles.
Source: Reuters

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Detroit Auto Show to Raise Awareness of Auto Industry Careers

What if you're not necessarily looking for a new car but maybe you'd like a new job? The North American International Auto Show is rolling out a way to showcase strategies for building a career in the auto industry. On Jan. 20-21, the Detroit auto show at Cobo Center will host a new concept called the Future Automotive Career Exposition at the AutoMobili-D section of the show, an exhibit featuring technologies related to self-driving cars. The group includes automakers, suppliers and startups.

The career-related event at the Detroit auto show takes place only during the first two days that the show is open to the public. The career event is a partnership with Michigan Department of Talent and Economic Development, the Michigan Economic Development Corp. and NAIAS.

"The event isn't designed to be a typical job fair," said Dave Murray, communications director at the Michigan Department of Talent and Economic Development. Instead, the goal is to raise awareness about the types of jobs that exist. A series of panels and presentations will feature employers, educators and others who can talk about the skills in demand, opportunities for training, and where these evolving industries are headed, Murray said.
Source: Detroit Free Press

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The Price Gap Thatís Squeezing the Auto Market

The widening difference in prices between new and used cars augurs pain for auto-makers profits in the U.S.

Car-industry profits depend as much on the type of cars sold as on their number. Even a high plateau for car sales could be an inhospitable place for investors. U.S. car sales remain strong by historical standards, but last year slipped 1.8%—the first annual decline since the 2008 recession. A major reason for this downturn, despite the strong economy, is increasingly stiff competition from the secondhand market, which is inundated with cars coming off three-year leases.
Source: The Wall Street Journal

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GM Races to Build a Formula for Profitable Electric Cars

General Motors Co. Chief Executive Mary Barra has made a bold promise to investors that the Detroit automaker will make money selling electric cars by 2021. What Barra has not explained in detail is how GM intends to do what, so far, no major automaker has done. The answer is a big bet on combining proprietary battery technology, a low-cost, flexible vehicle design and high-volume production mainly in China, according to six current and former GM and supplier executives and six industry experts interviewed by Reuters.
Source: Reuters

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NADA Show News
New Tax Reform Law Highlighted at NADA Show 2018 Workshops

The tax reform bill signed into law in December 2017 significantly changes how companies and individuals are taxed at the federal level. Last year, there was also a lot of regulatory changes in other areas that impact dealership operations. At NADA Show 2018, NADA's legal and regulatory educational workshop sessions will address these hot topics for dealerships and provide the information needed to stay up-to-date. Click here for a list the workshops that will touch on these timely topics and reserve your spot today at the NADA Show in Las Vegas in March.
Source: NADA

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Quotable
"Auto manufacturing jobs will be fluid in the next few years."

    -- Michelle Krebs, senior analyst at Autotrader, commenting on the balancing act between shifts in consumer demand resulting in lower sales volumes and automakers adjusting their production schedules, Detroit Free Press, Jan. 7

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