When It Comes to Bad Urban Traffic, Los Angeles Leads the World
February 21, 2017
Sure, Los Angeles has been a U.S. symbol of bad traffic for decades, but it turns out the city’s freeways and streets are so clogged that it was also the global leader in urban congestion in 2016.... READ MORE
WHITE HOUSE WATCH
February 21, 2017
Welcome to “White House Watch,” a just-the-facts look at Trump Administration decisions and actions that affect members of MEMA and its four divisions (AASA, HDMA, MERA, OESA). This valuable news... READ MORE
Advance Auto Parts Misses 4Q Profit Forecasts
February 21, 2017
ROANOKE, Va. -- Advance Auto Parts Inc. today reported fourth-quarter profit of $62.4 million.   The Roanoke, Va.-based company said it had profit of 84 cents per share. Earnings, adjusted for... READ MORE
Shell and Toyota Partner on California Fueling Stations for Hydrogen Cars
February 21, 2017
Royal Dutch Shell Plc will build seven fueling stations for hydrogen cars in California through a partnership with Toyota Motor Corp., laying down their latest bet on the demise of the internal-... READ MORE
PSA Chief Woos Opel Workers with Vow to Keep Jobs, Brands
February 21, 2017
PSA Group Chief Executive Officer Carlos Tavares sought to ease tensions over the proposed acquisition of General Motors Co.’s European business by assuring workers that he’ll protect jobs and revive... READ MORE
Navistar’s Board of Directors Elects Troy A. Clarke as Chairman
February 21, 2017
LISLE, Ill. -- Navistar International Corp. announced that immediately following the company’s annual shareholder meeting held on February 14, 2017, its board of directors elected President and CEO... READ MORE
Meritor Earns Diamond Supplier Award from Navistar
February 21, 2017
TROY, Mich. -- Meritor Inc. announced that it was among 34 suppliers to earn Navistar’s Diamond Supplier Award, which recognizes the top 2 percent of Navistar’s supply chain. Recipients are selected... READ MORE
The Next Financial Crisis Might Be in Your Driveway
February 21, 2017
Lured by low interest rates, low gas prices, and a crop of seductive vehicles that are faster, smarter, and more efficient than ever before, American drivers are increasingly riding in style. Don’t... READ MORE
Recent Improvements Suggest that Manufacturers Are Beginning to Recover
February 21, 2017
Manufacturing production expanded for the fourth consecutive month. Output in the sector was up 0.2 percent in January, extending the 0.2 percent gain seen in December. The recent improvements... READ MORE
Waymo Cries Foul Over Self-Drive Legislation
February 20, 2017
MEMA Industry News Editor’s Note: The MEMA study, A Roadmap to Safer Driving Through Advanced Driver Assistance Systems, conducted by The Boston Consulting Group (BCG), demonstrates that if ADAS... READ MORE
OE Suppliers’ Mood Turning Up, Survey Finds
February 20, 2017
Now that the emotional 2016 presidential election is behind them, North American original equipment suppliers say their business outlook is improving for the first time since the second quarter of... READ MORE
Distracted Driving Defies Global Enforcement Efforts
February 20, 2017
Distracted driving, responsible for thousands of deaths annually worldwide, might not disappear unless every vehicle on the road is fully autonomous.   Simply put, it is very difficult to... READ MORE
Commentary: AV Scenarios – A Game for All People in the Auto Aftermarket
February 20, 2017
Following up on his Jan. 30 editorial on Augmented and Virtual Reality, Schwartz Advisors Managing Partner Derek Kaufman outlines in the guest commentary a few very plausible scenarios for... READ MORE
The Really New GM: Ready to Quit Europe
February 20, 2017
DETROIT -- After nearly two decades of losses in Europe, General Motors appears ready to all but abandon the continent in order to seek bigger payoffs with investments in autonomous vehicles and the... READ MORE
Automakers Offer Massive Rebates to Move Surplus of SUVs
February 20, 2017
Sport utility vehicles, overtaking sedans as the new American family car, have been so hot that automakers raced to supply the market. With inventory now piling up, profit-sapping rebates are on the... READ MORE
FTC Looks for Abuses in Auto Lenders’ Use of Kill Switches
February 20, 2017
A U.S. regulator is looking at whether auto finance companies that use sophisticated technology like ignition kill switches are illegally harassing subprime borrowers that have fallen behind on their... READ MORE
Energy Companies Face Crude Reality: Better to Leave It in the Ground
February 20, 2017
A new era of low crude prices and stricter regulations on climate change is pushing energy companies and resource-rich governments to confront the possibility that some fossil-fuel resources will... READ MORE
Ford’s Dozing Engineers Side with Google in Full Autonomy Push
February 17, 2017
As Ford Motor Co. has been developing self-driving cars, the U.S. automaker has started noticing a problem during test drives: Engineers monitoring the robot rides are dozing off.   Company... READ MORE
Blackstone, Carlyle Consider $2 Billion Sale of Service King
February 17, 2017
The private equity owners of auto repair-center operator Service King Paint & Body LLC are considering a sale of the company, people with knowledge of the matter said.   Service King’s... READ MORE