NADA Headlines - 02/24/2017 (Plain Text Version)

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Trump to CEOs: ‘Real Jobs’ Have to Come Back to U.S.

President Donald Trump met Thursday with his manufacturing board of 24 CEOs from American companies in Washington, including Ford Motor Co. CEO Mark Fields, Dow Chemical Co. CEO Andrew Liveris and Whirlpool CEO Jeff Fettig. Trump spotlighted Ford, Fiat Chrysler Automobiles, General Motors Co., Wal-Mart, Carrier, Amazon and Intel as companies who had moved to bring jobs back to the U.S. since his election, among others.
Source: The Detroit News

Chastened FTC May Foretell Future of CFPB

Congressional Republicans are pointing to the Federal Trade Commission as a potential model for how the Consumer Financial Protection Bureau might function if they successfully curtail its extensive authority and reach.

CFPB employees wondering what that might mean for their six-year-old agency could look to the experience of the FTC in the 1970s, a decade when the commission aggressively pursued consumer protection initiatives.

Congress reacted to that activism with the Federal Trade Commission Improvement Act of 1980, limiting FTC rulemaking and tightening congressional oversight. Amid uncertainty over the bill, the agency twice shut down briefly and its continued existence was in doubt, according to “Federal Trade Commission Privacy Law and Policy,” a 2016 book by Chris Jay Hoofnagle of the University of California at Berkeley.

That ‘70s experience and its lessons are “kind of internal FTC lore,” newly appointed FTC manager Tom Pahl told Bloomberg BNA; he spent more than 10 years at the FTC before a two-year turn at the CFPB in 2013-15. “Most of the people who work there have some familiarity with the story that the agency went too far, Congress almost shut the place down, and you have to be careful.

“It’s become part of the culture to recognize that as powerful as the (regulatory) tools can be, it’s also dangerous if you don’t use them carefully,” said Pahl, who is serving as the acting director of the FTC’s Bureau of Consumer Protection. “The CFPB as an agency doesn’t have that same culture and history.”
Source: Bloomberg BNA [return to top]

Q&A: Carlos Ghosn on ‘Passing the Baton’ as Nissan CEO

The executive said he is leaving his role as chief executive to focus more on overseeing an alliance of auto makers

The Wall Street Journal sat down with Carlos Ghosn, who said Thursday he would give up the chief executive role at Nissan Motor Co. and focus on running the alliance that links Nissan, Renault SA and Mitsubishi Motors Corp. Click here for edited excerpts from the interview.
Source: The Wall Street Journal (Subscription required)
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GM, Tech Industry at Loggerheads Over Self-Driving Cars

Car maker backs state legislation that tech companies say could put them at a disadvantage in autonomous vehicles. GM denies the claim.

When Illinois state Rep. Michael Zalewski crafted state legislation that would allow car makers to operate self-driving taxi services, he leaned heavily on General Motors Co. His bill, introduced Feb. 8, would limit access to the business to companies that make their own vehicles. That means GM would be eligible, but not tech companies like Uber Technologies Inc. that are developing their own self-driving cars and don’t make their own vehicles. GM’s involvement in the legislation underlines a simmering tension between Motor City car makers that have long done it their way, and Silicon Valley tech companies that aim to rewrite the rules of the road.
Source: The Wall Street Journal (Subscription required) [return to top]

2017 NADA Dealership Workforce Study Open for Participation

For participating in the study, dealerships will receive two complimentary reports.

With a retail workforce topping 1 million and the industry poised for growth, dealerships need to focus on hiring and keeping talented employees. The NADA Dealership Workforce Study (DWS) provides one-of-a-kind analysis of dealership pay plans and benefit packages, retention and turnover, employee benefits, work schedules and demographics. It is based on actual payroll data and questionnaire responses submitted by NADA and ATD members. The DWS is open for participation now through April 28, 2017, at

In return for participating in the study, dealerships will receive two complimentary reports: (1) Automotive Retail: National and Regional Trends in Compensation, Benefits and Retention and (2) a custom report, which includes comparisons of the dealership(s) to peers nationally, regionally, by state and brand. All data must be submitted by April 28, 2017. To participate in the study, go to to begin. For questions, email
Source: NADA Dealership Operations
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NADA Video: ADESA Auction Supports Canine Companions

The ADESA auction held during the 2017 NADA Convention and Expo in New Orleans raised more than $94,000 for Canine Companions for Independence on January 28. “It costs more than $50,000 to buy, train and get a dog ready to be of service to a wounded warrior,” said NADA Foundation Chairman Annette Sykora. ADESA auctions over the past six NADA conventions have raised more than $334,400 for the NADA Foundation's Frank E. McCarthy Memorial Fund, in whose name the Canine Companions donation is made. McCarthy was NADA chief executive from 1968 to 2001. Click here to watch the video. To make a donation to the fund, click here or call 703.821.7102.
Source: NADA
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