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NADA

NADA Advocates to Consider Dealerships as Essential Business

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Last week, representatives for the National Automobile Dealers Association (NADA) and Alliance for Automotive Innovation jointly petitioned President Donald J. Trump to designate automotive repairs, maintenance and sales facilities as essential business during the coronavirus pandemic. The mode would ensure that dealerships would remain open while many businesses nationwide – and worldwide, for that matter […]
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tariffs

Trump Threatens 25% Hike on Tariffs for China

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Just two months after deciding to hold off on implementing tariffs on China, the Trump administration has announced plans to place them on $200 billion worth of Chinese goods, including cars and auto parts. For now, Japan and the European Union are immune from auto tariffs while negotiations are being made; however, the existing tariffs […]
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tariffs

Trump Administration Puts Chinese Tariffs on Hold

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Back in September of 2018, Paul A. Eisenstein of NBC News reported that U.S. President Donald Trump’s plan to implement tariffs automobiles and auto parts imported from China would potentially cause the loss of over 700,000 jobs as well as a significant drop in car sales and a massive blow to the country’s GDP. This […]
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Daimler

Daimler Profit Projections Lowered with Escalating Trade Tariffs

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Mercedes Benz’s parent company, Daimler, has reported that the escalating trade war between the United States and China is the reason they have cut its profit forecast. This statement comes after the announcement that each country will implement new tariffs beginning on July 6. These include the U.S.’s 25% tariffs on $50 billion worth of […]
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auto sales

Tumultuous Auto Sales Forecast for Remainder of 2018

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After a seven-year run of consecutive annual auto sales increases in the United States, the final sales figures for 2017 showed a regression of 1.8 percent. And at the end of 2017, forecasters predicted that automotive sales would continue to slip throughout 2018. Yet, throughout the first five months of 2018, many carmakers are at […]
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Trump Administration

17 States, Lead by California, Sue Trump Administration Over EPA...

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WASHINGTON – In a much anticipated backlash to recent EPA rules reversals, 17 states, including California, are now suing the Trump administration over recent actions by the EPA to reverse Obama-Era rules that would have required automakers to produce car fleets that averaged over 50 miles per gallon by 2025. This action has set the […]
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Newscast

Brooke Skinner Ricketts: How the digital age has changed the Four...

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On today's CBT Newscast for Monday, November 20th, 2017: How the digital age has changed the Four P’s of marketing When it comes to marketing, industries...
Donald Trump

OEM Headlines: Honda to invest big in two U.S. plants

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Forbes says the Trump administration’s move to roll back existing federal fuel efficiency targets of 54.5 miles per gallon for model year 2022-2025 cars and light trucks, would be a terrible deal for American drivers.  The move is endorsed by U.S. auto dealers and auto manufacturers. It would cost the economy $800 billion dollars and […]
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