Volkswagen Says Can Build Up to 15 Million Cars on Electric Car Platform
December 10, 2018
FRANKFURT -- Volkswagen on Dec. 7 said it can build up to 15 million electric cars using its new MEB vehicle platform, revealing the extent of the carmaker’s push to mass produce zero-emission... READ MORE
Cheaper Oil Ripples Through the Global Economy
December 10, 2018
Oil prices posted their worst month in a decade in November and have fallen more than 30 percent from multiyear highs. The dramatic move has prompted investors to try to assess the impact on global... READ MORE
Affordability Worries Put Dealers in a Gloomy Mood
December 10, 2018
DETROIT -- Price pressure, rising interest rates and a shrinking supply of affordable vehicles have U.S. dealers worrying more about business as they look toward 2019.   Dealers’ expectations... READ MORE
Ghosn, Kelly, Nissan Indicted for Under-Reporting Compensation
December 10, 2018
TOKYO -- Tokyo prosecutors have indicted ousted Nissan boss Carlos Ghosn, close aide Greg Kelly and Nissan Motor Co. for allegedly misstating Ghosn’s compensation in the company’s financial filings... READ MORE
NAM Monday Economic Report: Manufacturers Report Continued Solid Growth
December 10, 2018
The Weekly Toplines   According to the Institute for Supply Management® (ISM®), manufacturing activity rebounded strongly in November after falling to a six-month low in October. The... READ MORE
U.S. Companies Feel the Pinch as Tariff Costs Start to Mount
December 7, 2018
MEMA Industry News Editor's Note: MEMA continues to advocate against broad, unilateral, and import-restrictive trade measures proposed by the Trump administration. The association is a member of... READ MORE
Government Report Calls for 20-Year Fix of Interstate Highways
December 7, 2018
While most government and think tank studies on the abysmal condition of U.S. roads are general in nature, a new congressionally mandated report zeroes in on the Interstate Highway System and finds... READ MORE
AACF Applications Increase 90% Following California Wildfires
December 7, 2018
In November, applications for assistance from the Automotive Aftermarket Charitable Foundation (AACF) increased 90 percent in the wake of the unprecedented wildfires in California.   “AACF is... READ MORE
Subprime Auto Lending Hits 11-Year Low
December 7, 2018
Despite an increase in subprime loan volume in the third quarter, auto loans to consumers with the riskiest credit histories hit their lowest overall share of the market in 11 years, according to... READ MORE
Barra Gets Earful from Michigan Congressional Delegation over GM Restructuring Plan
December 7, 2018
WASHINGTON -- General Motors CEO Mary Barra came under harsh criticism from members of Congress from Michigan on Dec. 6 for building a new vehicle in Mexico while planning to end production at five... READ MORE
Automechanika Shanghai Sees 15% Upswing in Attendees
December 7, 2018
The 14th edition of Automechanika Shanghai, which took place Nov. 28 through Dec. 1, has recorded an unprecedented rise in attendees compared to the previous edition, show organizers have reported... READ MORE
Delphi Technologies and Valeo Join the Auto-ISAC
December 7, 2018
MEMA Industry News Editor’s Note: MEMA is a strategic partner of the Automotive Information Sharing and Analysis Center (Auto-ISAC), a non-profit trade association that facilitates the trusted... READ MORE
U.S. Employment Report Seen Calming Fears over Economy
December 7, 2018
WASHINGTON -- U.S. companies likely maintained a solid pace of hiring in November while increasing wages for workers, suggesting the economy remains strong enough for the Federal Reserve to continue... READ MORE
Growth Is Good but Uncertainty Is Climbing Among U.S. Businesses
December 6, 2018
WASHINGTON -- Economic activity continued to increase across much of the U.S. at the end of fall, but uncertainty among businesses appeared to be growing as tariffs and rising interest rates muddied... READ MORE
Waymo’s First Commercial Self-Driving Service Launched in Phoenix
December 6, 2018
Nearly a decade after Google launched its self-driving car project, the company’s efforts to commercialize autonomous technology is finally coming to fruition.   Waymo, the subsidiary spun... READ MORE
Lyft Proceeds with IPO Plans
December 6, 2018
Lyft Inc. is going public.   The ride-hailing firm said today it has confidentially filed a draft registration statement with the Securities and Exchange Commission, a key step by the closely... READ MORE
Body Shop Giants Caliber, Abra Agree to Merge Into a 1,000-Plus Store Collision Chain
December 6, 2018
Two of the four largest North American body shop consolidators agreed to merge in a deal that could have major implications for the $47-billion-a-year collision repair industry.   Caliber... READ MORE
AAPEX 2018 Keeps Attendees Ahead of the Curve in Ever-Changing Automotive Aftermarket
December 6, 2018
LAS VEGAS, Nev. -- With the automotive aftermarket undergoing significant evolution and change, AAPEX 2018 featured the latest new products and innovations, advanced training by industry experts, and... READ MORE
VW Brand Plans ‘Massive Reduction’ in Model Complexity, Engine Variants
December 6, 2018
WOLFSBURG -- Volkswagen Group’s core brand aims to raise its profit margin faster than previously planned despite rising investments for electric vehicles, the automaker said today.   The... READ MORE