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NADA Automotive News Final Edition Recap November 27, 2018

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Washington DC November 26, 2018: The NADA online report said:

  • Two of the biggest stories at this week’s Los Angeles auto show will be the no-shows: Nissan’s Carlos Ghosn and GM’s Mary Barra. An event that was primed to be a coming-out party for a Jeep pickup and all-new SUVs from Honda and Hyundai will be abuzz about Nissan’s shocking ouster of its longtime leader and General Motors’ announcement that it’s closing seven plants, eliminating more than 14,000 jobs and dropping several unpopular sedans.
    Source: Full Story - Bloomberg

  • What’s good for America hasn’t been so good for General Motors Co. With gasoline prices falling and new electric cars beckoning, consumers are abandoning the conventional sedans that have defined the U.S. auto industry since the days of Henry Ford. Scarred by a financial crisis a decade ago, GM is moving unusually fast this time to reckon with the new reality, and Wall Street is applauding the move.
    Source: Full Story - Bloomberg

  • President Donald Trump will consider cutting all subsidies to General Motors after the company announced plans to slash productions at several American plants, he said Tuesday. "We are now looking at cutting all @GM subsidies, including.... for electric cars," the president wrote in a pair of tweets.
    Source: Null Story - CNBC

  • The biggest buzzword in the automotive world these days isn't cars, trucks or autos. It's mobility. Self-driving and electric cars are just the start. It includes everything from scooters to "smart" parking meters that can help drivers find empty spaces. At the Los Angeles Auto Show the focus is on all the technology not only being poured into vehicles, but all things that go with them. And the new models will reflect a lot of the new tech on the horizon.
    Source: Full Story - USA TODAY