FCA – Page 1098 – I wish I had more to offer

FCA will keep Jeep Wrangler production in Toledo – The Detroit News

Michael Martinez and Melissa Burden, The Detroit News Published 1:48 p.m. ET Sept. 1, 2015 Fiat Chrysler Automobiles NV will keep building the Jeep Wrangler in Toledo (Photo: Detroit News file photo) Fiat Chrysler Automobiles NV will keep building the Jeep Wrangler in Toledo, according to a union representative who was briefed on the automaker’s… Continue reading FCA will keep Jeep Wrangler production in Toledo – The Detroit News

Top Automotive Industry News for Week of December 17 – December 23, 2018

Here is the most important news associated with the automotive industry
identified by the AEA for the week of December 17, 2018 – December 23,
2018.

We hope it helps you stay up to speed on the key developments in our
industry:

-AEA Membership News-

The next AEA Members Reception will be held on Thursday January 24th,
2019 in San Francio. Invitations have been sent to all current AEA
Members. Annual AEA Member Dues renewal will occur on January 2 nd, 2019. If you have any questions, please contact
memberservices@automotiveexecutives.com

-Automotive Manufacturing News–Automotive Manufacturing News-

Carlos Ghosn vows to 'restore my honor' in first remarks since arrest

(autoblog)

Ford's New Truck-like Explorer SUV To Debut Jan. 9 Ahead Of Detroit
Auto Show

(Forbes)

General Motors hints it could negotiate a way to keep one or more
plants open

(CNBC)

German automakers BMW, Daimler stand to benefit the most if China cuts
US auto tariffs

(CNBC)

Ghosn Rearrested, Now Faces 20 Years in Prison

(Forbes)

GM gets thousands of holiday letters about plant closings

(Detroit Free Press)

IIHS Unveils Top Safety Pick Plus Models for 2019

(The Detroit Bureau)

In the Switch to Electric Vehicles, Expect a Few Giants to Crash

(Bloomberg)

Jeep Wrangler plant uses rotisserie to crank out SUVs

(Detroit Free Press)

Nissan to lay off 1,000 Mexican workers, citing market challenges

(autoblog)

Tesla Survived Manufacturing Hell–Now Comes The Hard Part

(Forbes)

UAW scandal sending union's ex-No. 2 in Fiat Chrysler Department to
prison

(Detroit Free Press)

-Automotive Evolution News-

Daimler, BMW Get U.S. Approval for Mobility Company

(The Detroit Bureau)

How electric cars are slowly moving from niche to something 'people
want to buy'

(CNBC)

Laser Vision Upstart Luminar Reveals Self-Driving Tech Alliance With
Audi's AID Unit

(Forbes)

NHTSA Moves to Accelerate Autonomous Vehicle Petitions

(The Detroit Bureau)

Self-driving bill hits dead end in U.S. Senate

(The Detroit News)

The Year Of The Scooter: The Good, The Bad, And The Road Ahead

(Forbes)

Uber's self-driving cars are back on the road, nine months after a
fatal accident

(CNBC)

Zoox Inc. Snags First California Permit To Transport Passengers In
Self-Driving Cars

(NPR)

-Automotive Retail News-

Beating Predictions, 2018 New Car Sales to Surpass 2017 Results

(The Detroit Bureau)

CarMax's stock drops after earnings beat, but used car sales miss

(MarketWatch)

Fed Raises Interest Rate, Lowers Growth Forecast

(Auto Dealer)

Shopping for a new car? Buy before the Fed rate hike affects car loans

(MarketWatch)

Study: Dealers Overspend on Marketing

(Auto Dealer)

U.S. auto sales seen falling 1% in December, say J.D. Power, LMC

(autoblog)

-Automotive Wholesale News-

Car Values at Auction Continue Decline at Year's End

(Vehicle Remarketing)

-Automotive Ownership News-

'Dramatic drops' in gas prices: Less-than-$2 gas is here for many
American motorists

(USA Today)

-Automotive Enthusiast News-

In a blatant attempt to pull at our heart strings, Chevrolet is
offering an in-car Santa tracker

(CNBC)

The most amazing classic car stories of 2018

(FOX News)

-Automotive Servicing News-

Citing Fire Danger Ford Recalls 410,000 Pickups

(Forbes)

Report: 16.7M faulty Takata air bags still on US roads

(The Detroit News)

The Biggest and Smallest Automotive Recalls of 2018

(Car and Driver)

Tesla Model S catches fire in California town: Fire Department

(CNBC)

-General Business & Executive News-

ACV Auctions continues rapid disruption of $100B wholesale automotive
industry

(PR Newswire)

Car rental company Fair raises $385 million in SoftBank-led funding
round

(Reuters)

CU Direct's credit union network leads in auto loan originations

(Automotive News)

The real problem with the American auto industry

(CNN)

U.S. third-quarter growth trimmed; business spending slowing

(Reuters)

-AEA Reminder-

Did we miss something? Let us know via our

. If you have specific important news going public soon that you would like
to share with your fellow AEA Members, submit your

PR Distribution Request >>

Have a great week,

Member Services

memberservices@automotiveexecutives.com

Automotive Executives Association

www.automotiveexecutives.com

New 2019 Lamborghini Huracán previewed ahead of unveiling – Autocar

Lamborghini has pulled the covers off its updated and more powerful Huracán, following a number of preview images posted in the past few days. The new-for-2019 Ferrari 488 rival now adopts the Huracán Evo nameplate, reflecting its changes. The images reveal a number of styling changes designed to offer “aerodynamic superiority”, with a new front bumper bringing enlarged… Continue reading New 2019 Lamborghini Huracán previewed ahead of unveiling – Autocar

Exclusive: Fiat Chrysler nearing U.S. diesel emissions settlement – source

FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at its U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) is nearing a settlement to resolve the U.S. Justice Department’s allegations that the Italian-American automaker used illegal software to allow 104,000 U.S. diesel… Continue reading Exclusive: Fiat Chrysler nearing U.S. diesel emissions settlement – source

Top Automotive Industry News for Week of December 24 – December 30, 2018

Here is the most important news associated with the automotive industry
identified by the AEA for the week of December 24, 2018 – December 30,
2018.

We hope it helps you stay up to speed on the key developments in our
industry:

-AEA Membership News-

-Automotive Manufacturing News–Automotive Manufacturing News-

All the cars discontinued after 2018

(autoblog)

GM's mysterious filing could foreshadow future product that saves jobs

(Detroit Free Press)

GM's year of transformation: More robot cars, fewer traditional jobs

(Detroit Free Press)

Marchionne's death, Jeep Gladiator highlighted change at Fiat Chrysler

(Detroit Free Press)

New Land Rover Defender Coming to US in 2020

(The Detroit Bureau)

No car keys? No problem. Hyundai rolls out fingerprint technology that
makes keys as outdated as a landline

(CNBC)

Tesla expands employee testing of its upgraded Autopilot hardware

(autoblog)

Tesla Names Two New Board Members, Larry Ellison And Kathleen
Wilson-Thompson

(Forbes)

Which Cars Are You Most Excited to See in 2019?

(Car & Driver)

-Automotive Evolution News-

CES Is Apparently Going To Be Everything To Everyone When It Comes To
Mobility

(Forbes)

Daimler Delivers E-Truck to Penske for Testing

(The Detroit Bureau)

Volkswagen Testing New Portable EV Charging Stations

(The Detroit Bureau)

-Automotive Retail News-

5 Ways Auto Finance Will Change in 2019

(Auto Dealer Today)

Auto Sellers Try Out Amazon-Style Ordering

(MSN)

How electric cars are slowly moving from niche to something ‘people
want to buy’

(CNBC)

New-Vehicle Retail Sales Seen Dipping in December

(Auto Finance News)

Photo Finish For December Auto Sales Could Mean A Slight Gain For All
Of 2018

(Forbes)

Tesla Scrambles to Sell Cars Before a Tax Break Fades

(NY Times)

Will dealerships survive the future?

(Automotive News)

Year-End Turmoil Puts New Car Sales to the Test

(The Detroit Bureau)

-Automotive Wholesale News-

Used EV prices are finally heating up — a little

(Automotive News)

-Automotive Enthusiast News-

New owners and new venues for auction companies

(ClassicCars.com)

-General Business & Executive News-

A year of living badly

(Automotive News)

Analyst adds Ferrari, Penske to list of top auto stocks for 2019

(CNBC)

Automotive Minute: Disney’s Mary Poppins partnership is making magic
for Nissan

(BizJournals)

CarGurus Launches New Brand Campaign for 2019

(PR Newswire)

Five Ways 2018 Rewrote The Future of Transportation

(Forbes)

The 10 biggest auto stories of 2018

(autoblog)

The Year in Review: Automotive Winners and Losers

(Car & Driver)

Top auto stories from 2018 – and 3 to watch in ’19

(Detroit Free Press)

-AEA Reminder-

Did we miss something? Let us know via our

. If you have specific important news going public soon that you would like
to share with your fellow AEA Members, submit your

PR Distribution Request >>

Have a great week,

Member Services

memberservices@automotiveexecutives.com

Automotive Executives Association

www.automotiveexecutives.com

FCA Appoints Smiley to Global Purchasing and Supply Chain Chief

January 8, 2019 , Auburn Hills, Mich. – Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) today announced that effective immediately Carl Smiley is appointed to the new role of Chief Purchasing & Supply Chain Officer. Smiley is also named to the company’s Group Executive Council (GEC), the highest operational body within FCA. Smiley… Continue reading FCA Appoints Smiley to Global Purchasing and Supply Chain Chief

Analyst adds Ferrari, Penske to list of top auto stocks for 2019

There is a lot of opportunity in auto dealers, says Consumer Edge analyst
5:08 PM ET Wed, 26 Dec 2018 | 02:48

Brands like Penske and Ferrari could be some of the top auto stocks to buy in the new year, Consumer Edge Research's Jamie Albertine told CNBC on Wednesday.

The automotive research analyst's recommendation follows his November call that higher used-car sales could extend into 2019 “in a major way.”

Carrying a high return on invested capital, or ROIC, Penske Automotive Group has begun moving into the used car retail business, he said. The Bloomfield Hills, Michigan-based company is looking to attract customers seeking value on the used car market, allowing Penske to compete with platforms like Carmax and Carvana, which Albertine said last month has taken advantage of an industry under pressure from tariffs and changing consumer tastes.

“Penske's getting into standalone used sales [with] a lot more force,” he said on CNBC's “Closing Bell,” adding that he has seen a “pivot” among consumers “from new- to late-model used vehicles as the off-lease supply comes back to market.”

Penske shares climbed 2.59 percent on Wednesday amid a marketwide surge, but the stock is down more than 16 percent for the year.

Italian luxury sports car manufacturer Ferrari's stock is another one to watch as the company ramps up production from the 9,000 units it makes annually to north of 14,000 a year, Albertine said. The company is planning to boost car production by as much as 55 percent over the next seven years, he added.

“From a brand perspective, [Ferrari has] one of the most protected customer-loyal brands in the history of luxury, broadly,” he said.

“So, again, focus on quality there, but also some key EBIT margin expansion [and] production expansion, over the … near to medium term,” he said, referring to earnings before interest and taxes, a corporate profitability measure.

Ferrari bounced from a 52-week low Wednesday morning and gained more than 2 percent intraday. The stock is down more than 6 percent from the start of 2018.

Albertine also mentioned General Motors as a stock to watch as the company makes progress in the autonomous vehicle sector with Cruise Automation. Shares of the embattled automaker rose 3.55 percent Wednesday, but have lost over 18 percent for 2018.

U.S. top court declines to take up Fiat Chrysler hacking case

WASHINGTON: The U.S. Supreme Court on Monday declined to hear Fiat Chrysler‘s appeal in a class action lawsuit over allegations that its Jeeps and other trucks are vulnerable to hacking, one of the first legal cases involving automotive cybersecurity risks. The court’s action paves the way for a trial in the litigation centering on the… Continue reading U.S. top court declines to take up Fiat Chrysler hacking case

Top Automotive Industry News for Week of December 31 – January 6, 2019

Here is the most important news associated with the automotive industry
identified by the AEA for the week of December 31, 2018 – January 6, 2019.

We hope it helps you stay up to speed on the key developments in our
industry:

-AEA Membership News-

-Automotive Manufacturing News-

Detroit auto show will kick off year of uncertainty

(Detroit News)

Detroit's final January auto show prepares to go out with a bang

(Detroit News)

FCA Unveiling Heavy Duty Version Of Red-Hot Ram Pickup At North
American Show In Detroit

(Forbes)

GM's New President Will Double Down on Electric, Autonomous

(Automotive Fleet)

Infiniti Aims to Electrify With QX Inspiration Concept

(The Detroit Bureau)

Polestar’s First All-Electric Model Breaks Cover

(The Detroit Bureau)

-Automotive Evolution News-

Car Companies Will Show Off the Latest in Self-Driving Tech at CES

(Barrons)

GM Cruise and DoorDash are partnering on autonomous food deliveries

(CNBC)

Self-Driving Cars Keep Tapping the Brakes

(Bloomberg)

Toyota Aims For Sci-Fi Styling In Its Upgraded, Tech-Heavy Self-Driving
Car

(Forbes)

While we were looking at 3D TVs, CES morphed into an auto show

(Engadget)

Wielding Rocks and Knives, Arizonans Attack Self-Driving Cars

(NY Times)

-Automotive Retail News-

Car payments and loans jump amid surging demand for cars, SUVs

(CNBC)

Edmunds Analysts Predict Auto Finance Deals Will Wane in the New Year

(PR Newswire)

F&I trends to watch in 2019

(Automotive News)

GM, Ford, Toyota sales fall in December, but auto industry posts
surprisingly solid 2018

(USA Today)

Rising Interest Rates Will Drive Auto Sales Down in 2019

(The Detroit Bureau)

Tesla and GM are running up against the EV tax credit limit

(Business Insider)

Tesla cuts prices of electric vehicles: Model 3, Model X, Model S will
be cheaper

(USA Today)

The Year in Auto Sales: Facts, Figures, and the Bestsellers from 2018

(Automobile)

These 6 vehicles were the hottest-selling cars of 2018: Jeep, Toyota,
Tesla make the list

(USA Today)

Trucks, SUVs Pull in December Buyers Giving Industry Big Boost

(The Detroit Bureau)

U.S. Auto Sales Boom Will Finally End In 2019; Surely?

(Forbes)

U.S. sales rise 2.2% in Dec.; SAAR hits 2018 high

(Automotive News)

-Automotive Servicing News-

Ford Recalling Nearly 1 Million Vehicles with Faulty Takata Airbags

(The Detroit Bureau)

Recall Recap: The 5 Biggest Recalls in December

(Cars.com)

-Automotive Ownership News-

The Rise In U.S. Auto Loan Debt Shows No Signs Of Slowing Down

(Forbes)

-General Business & Executive News-

Audi Is Making A Welcome Return To Super Bowl Advertising To Tout New
E-Tron

(Forbes)

California makes it illegal to charge more for car insurance based on
gender

(CNet)

Cars.com sheds 8 percent of workforce

(Chicago Business)

General Motors names long-time insider Mark Reuss as its president

(CNBC)

Healthy Global Auto Sales Growth Looks Doomed In 2019

(Forbes)

Top Auto Industry Stories Of 2018: From A Jailed CEO To The End Of The
World As We Know It

(Forbes)

-AEA Reminder-

Did we miss something? Let us know via our

. If you have specific important news going public soon that you would like
to share with your fellow AEA Members, submit your

PR Distribution Request >>

Have a great week,

Member Services

memberservices@automotiveexecutives.com

Automotive Executives Association

www.automotiveexecutives.com

Why car payments are on the rise as gas prices fall

Auto loans
12:48 PM ET Fri, 4 Jan 2019 | 01:25

While gas prices have been falling, the cost of monthly car payments keeps climbing.

During the third quarter of 2018, the average new car monthly payment accelerated to $530, with the average used car loan payment at $381. According to Experian Automotive data, both figures are at record highs.

The average car loan is now just under $31,000. However, Experian says 20 percent of borrowers are taking out loans of $50,000 or more.

“If you`ve been out of the market for five or six years, then these numbers can be surprising,” Melinda Zabritski, Experian's Director of Automotive Credit told CNBC's “On the Money” in a recent interview. “And they`re certainly not going to go down.”

The richer price tags haven't yet dissuaded consumers. Despite higher payments, larger vehicles including pickup trucks, SUVs and crossovers remain in high demand. Meanwhile, U.S. auto sales are on track to exceed 17 million vehicles for the fourth consecutive year.

Marco Bertorello | AFP | Getty Images
A Jeep logo of Italian-American Fiat Chrysler company is pictured on a car at a car dealer on January 13, 2017 in Turin, northern Italy. The United States on January 12, 2017 charged Fiat Chrysler with using software on its trucks to evade emissions standards on about 104,000 vehicles, an accusation the company immediately denied.

Zabritski told CNBC that those taking out car loans “don`t represent a huge portion of the market, but they are definitely the area we see the most growth. These loan amounts that are over $50,000 and even over $70,000.”

It raises the question of exactly who is borrowing $50,000 or more to buy a new vehicle. According to CNBC's Phil LeBeau, it's ” those with the best credit rating. The super prime and prime credit rating customers. That is one of the fastest growing segments of the auto loan market.”

On the other end, he explained, “those with the poorest credit records, they are pulling back, not borrowing as much.” Loans to that segment of the market have hit their lowest in 11 years, he added.

Meanwhile, Americans seem to be signing up for longer terms to repay those larger vehicle loans.

“The average is just under 70 months, and it's not uncommon for people to take out six-and-a-half and seven-year loans,” LeBeau said.

On the Money airs on CNBC Saturdays at 5:30 am ET, or check listings for air times in local markets.