New-Vehicle ‘Sticker Shock’ Expected to Fuel Used Market
April 1, 2019
Higher new-vehicle prices and rising interest rates this year will drive more buyers to used vehicles or hang on to their old cars longer, industry experts believe.   The average new vehicle... READ MORE
Global Factory Activity Weak in March as Clouds Gather
April 1, 2019
LONDON/HONG KONG -- Factory activity remained weak around the world last month, reinforcing worries of a global slowdown as forward-looking indicators pointed to gloomy times ahead, surveys showed... READ MORE
NAM Monday Economic Report: Mortgage Rates Fall
April 1, 2019
The Weekly Toplines   The housing market provided mixed news last week, but lower interest rates should give a boost moving forward. On that note, the average 30-year mortgage rate... READ MORE
Auto Industry Unites to Oppose Trump Import Tariffs
March 29, 2019
MEMA Industry News Editor’s Note: MEMA has taken an active stance against Section 232 tariffs on motor vehicle parts, as noted in our comments in this article. The association has communicated to the... READ MORE
U.S., China Hold ‘Constructive’ Trade Talks in Beijing
March 29, 2019
MEMA Industry News Editor’s Note: In its statement on Dec. 3 regarding the trade negotiations with China, MEMA calls for an agreement that will allow U.S. companies to remain competitive in a global... READ MORE
MEMA Policy Breakfast to Address Threat of Tariffs on Auto Parts
March 29, 2019
MEMA will hold a policy panel discussion, “Tariffs on Autos and Auto Parts: Auto Parts Are Not a Threat to National Security,” on Tuesday, April 9, at the National Press Club in Washington, D.C.... READ MORE
U.S. Auto Sales Expected to Fall Again in March
March 29, 2019
New U.S. light-vehicle sales are projected to fall for the third straight month in March as the industry’s winter chill seeps into spring.   Estimates from four forecasters call for declines... READ MORE
72% of Commercial Drivers Admit to Distracted Driving
March 29, 2019
More than 90 percent of commercial drivers believe that reading a text while behind the wheel of their company vehicle is considered distracted driving, yet nearly half of those drivers say they have... READ MORE
Tenneco Appoints Richard Kwas as Vice President, Investor Relations
March 29, 2019
Tenneco has appointed Richard Kwas as vice president, investor relations. He is anticipated to lead the investor relations team for the new Tenneco company that is expected to emerge later this year... READ MORE
Marx Group and Eisbrenner Public Relations Will Merge to Form Marx Buscemi Eisbrenner Group
March 29, 2019
BLOOMFIELD HILLS, Mich.-- Marx Group, a full-service marketing communications agency and Eisbrenner Public Relations, one of the leading public relations firms in the Midwest, have agreed to merge... READ MORE
U.S. Economy Had Less Momentum Heading Into 2019 as Corporate Profits Stalled
March 29, 2019
WASHINGTON -- The U.S. economy finished the year on a softer note than previously estimated, and new data shows corporate-profit growth stalled, pointing to weak momentum at the start of 2019.... READ MORE
China Floats Cloud Concession to Foreign Tech Firms in U.S. Trade Talks
March 28, 2019
MEMA Industry News Editor’s Note: In its statement on Dec. 3 regarding the trade negotiations with China, MEMA calls for an agreement that will allow U.S. companies to remain competitive in a global... READ MORE
Experian: Aftermarket Sweet Spot to Stabilize Then Grow
March 28, 2019
The aftermarket’s sweet spot will stabilize and then grow for the next several years, according to a 2018 Q4 market trends report from Experian Automotive. The findings were based on vehicles in... READ MORE
VW in Talks to Buy Stake in Ford’s Argo Unit, to Develop Pickup Truck
March 28, 2019
HANOVER -- Volkswagen has signed a deal to develop a pickup truck with U.S. rival Ford and continues discussions about extending its alliance to include autonomous driving and mobility services, the... READ MORE
Registration Opens for 2019 North American Commercial Vehicle Show
March 28, 2019
The organizers of the North American Commercial Vehicle Show, a biennial trucking industry event focused on the needs of fleet owners, managers and decision makers, have announced that online... READ MORE
Daimler, Geely Will Relaunch Smart as China-Based EV Brand
March 28, 2019
The Smart microcar brand will be expanded into the subcompact segment and will build all future models in China for global markets in a joint venture owned by Daimler and Zhejiang Geely Holding Group... READ MORE
Ford to Leave Russian Car Market, Cede Control in Joint Venture
March 28, 2019
MOSCOW -- Ford Motor Co’s Russian joint venture Ford Sollers will close two assembly plants and an engine factory in Russia, exiting the country’s passenger vehicle market, resulting in charges of... READ MORE
Aptiv Leads Autonomous Vehicle Safety, Releases Industry’s Largest Public Dataset for Autonomous Driving
March 28, 2019
DUBLIN -- Aptiv PLC, a global technology company enabling the future of mobility, announced the full release of nuScenes by Aptiv, an open-source autonomous vehicle (AV) dataset. As the first company... READ MORE
German Supplier ZF Agrees to Pay $7 Billion for Wabco
March 28, 2019
Trucking parts supplier Wabco Holdings Inc. today confirmed it would sell itself to German rival ZF Friedrichshafen for more than $7 billion.   The all-cash deal is for $136.50 per share and... READ MORE