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Aftermarket Outlook Offers Hope, Says AASA’s Paul McCarthy
June 12, 2020
In a webinar hosted last month by the Automotive Aftermarket Suppliers Association (AASA), AASA President and COO Paul McCarthy gave insight into the current state of the industry in a COVID-19... READ MORE
Renault Chairman Says Nationalization of Automaker “Isn't on the Table”
June 12, 2020
Renault Chairman Jean-Dominique Senard said that the company is not interested in receiving more investment from the French government. "I have nothing against the state, I'm just saying... READ MORE
Fiat Chrysler Wins Jeep Trade Case Against Mahindra
June 12, 2020
The International Trade Commission upheld an administrative law judge's decision that an off-road vehicle from Mahindra & Mahindra Ltd., copies the look of the Jeep Wrangler. The ITC’s ruling... READ MORE
Carriers’ Outlook Continues to Improve, but Concern for Rates Remains
June 12, 2020
In a survey created by CCJ to evaluate the impact of the coronavirus on motor carriers, freight volumes for most carriers in May went down between 11 and 50 percent. However, 62 percent of... READ MORE
Fed Sees Interest Rates Near Zero Through 2022
June 11, 2020
Federal Reserve Chairman Jerome Powell stated in a video press conference on June 10 that the central bank is committed to doing whatever it takes to protect the U.S. economy from the impact of... READ MORE
Amazon to Reportedly Face Antitrust Charges in EU Over its Treatment of Third-Party Sellers
June 11, 2020
The European Union is set to file antitrust charges against Amazon over its treatment of third-party sellers. European Competition Commissioner Margrethe Vestager launched a probe on Amazon in... READ MORE
Toyota Vows to Remain Profitable as Pandemic Hits Auto Industry
June 11, 2020
Toyota Motor Corp. CEO Akio Toyoda told shareholders that the company will stay profitable through the COVID-19 financial crisis. “We are different today from what we were during the... READ MORE
Ford, GM, and VW Say Production and New Vehicles are Back on Track
June 11, 2020
Ford, General Motors, and Volkswagen stated on June 10 that production is back on track in North America. All three automakers are continuing to push developments in electric and autonomous... READ MORE
Ford Recalls More Than Two Million Vehicles for Potentially Faulty Door Latches
June 11, 2020
Ford will recall 2.15 million vehicles in the U.S., which includes several vehicles from model years 2011-2015, due to potential issues with latches that were repaired during recalls in 2015 and... READ MORE
German Government Agrees on National Hydrogen Strategy
June 11, 2020
The German government, in its continuing effort to decrease greenhouse gas emissions, will put 9 billion euros ($10.2 billion) into hydrogen production. Read more here: https://www.ttnews.... READ MORE
Class 8 Sales in May Fall to Lowest Point Since 2011
June 11, 2020
Class 8 truck sales hit its lowest since February 2011, with 9,165 units sold in May. The total number of sales represents a 62.5 decrease from May 2019, when 24,424 units were sold. Read... READ MORE
Trump Threatens New EU, China Tariffs Over Lobster During Maine Trip
June 10, 2020
Visiting a roundtable event in Maine on June 5, President Donald Trump threatened to impose tariffs on cars produced in the European Union as well as some more Chinese goods if tariffs on U.S.... READ MORE
Total U.S. Aftermarket Forecast to Decline 8.8 Percent but Expected to Rebound in 2021
June 10, 2020
According to the Joint Channel Forecast Model created by AASA and the Auto Care Association, the impact of the coronavirus pandemic will cause aftermarket sales to decline 8.8 percent this year.... READ MORE
Honda Resumes Most Production After Cyberattack
June 10, 2020
After Honda was hit by a massive outside cyberattack last weekend, the company will be reopening some of its facilities in Ohio. Read more here: https://www.autonews.com/manufacturing/honda-... READ MORE
Tesla Cuts German Factory's Water Use in Nod to Local Concerns
June 10, 2020
In a response to environmental concerns over Tesla’s use of water, the company’s new construction plans will significantly reduce water consumption, among other changes, as it builds its first... READ MORE
GM’s Barra Sees U.S. Transition to Electric Vehicles Taking Decades
June 10, 2020
General Motors CEO Mary Barra stated on Bloomberg Television that it will take a while for electric vehicles to make up most cars on U.S. roads. She said in a hypothetical proposal that 20 years... READ MORE
Ford, VW to Make About 8M Commercial Vehicles
June 10, 2020
Ford Motor Co. and Volkswagen Group will make up to eight million commercial vans and pickup trucks, according to a press statement released June 10. Read more here: https://www.autonews.com... READ MORE
FMCSA Extends, Modifies HOS Emergency Declaration
June 10, 2020
The Federal Motor Carrier Safety Administration stated June 8 that it made modifications to its emergency declaration for motor carriers providing direct assistance related to coronavirus relief.... READ MORE
Trump Executive Order Aims to Speed Permits for Infrastructure
June 9, 2020
In an executive order signed by President Donald Trump on June 4, the Secretary of Transportation is instructed to move forward with approved highway infrastructure project construction by... READ MORE