The Week in Review - The Week of November 23, 2016

Things in Washington, D.C. have sprung into high gear with most of the town focusing on the incoming Trump Administration. Conversations include who will be serving in the president’s cabinet, who will fill out the rest of his senior staff, and of course, who will be Secretary of State. Republicans all around the city are updating their resumes. Transition landing teams are in place inside the federal agencies and conversations have begun between President Obama’s staff and President-Elect Trump’s staff on the transition of power.

Even up on Capitol Hill, where they are trying to wrap up the business of the 114th Congress, meetings have started on how the Republican-controlled House and Senate can work with the new administration. There appears to be a long list of items on the “to do” list and plans to pack the first 100 days with legislation that can land early in the year on the President’s desk for his signature. Throughout it all AIADA will be speaking up on your behalf, the international nameplate dealer.

Now, here is what You Auto Know.

Can Congressional Republicans and Trump Stay Friends?

House Republicans about to unanimously nominate Speaker Paul D. Ryan for another term as their standard-bearer recently got a not-so-subtle signal of who’d really united their party:

Red “Make America Great Again” hats were waiting on every seat.

The prominence of President-elect Donald Trump’s much-maligned campaign slogan was a clear departure from the image the party had projected before Nov. 8, when Ryan was staring down an insurgence for his refusal to campaign for Trump, and Senate Majority Leader Mitch McConnell and dozens among the rank-and-file were so exasperated by their nominee that they refused to even utter his name.

But it’s still unclear whether Trump can forge the relationship he will need with Congress to push through an ambitious, and vague, policy agenda — or whether he even wants to. He will also need to keep a lid on the divisions within the party.

Trump’s interactions with Congress have, until now, been so limited that it is impossible to know how he will relate to the institution after he is sworn in.

He is a wild card, a blank slate.

In his favor are signs that Republicans are eager to present a unified front as they prepare to control all three branches of government for the first time in a decade. One notable gesture: The person who made sure those hats were placed on every seat was Cathy McMorris Rodgers.

To read more form Roll Call, please click HERE.

Donald Trump Is Choosing His Cabinet. Here’s the Latest List.

President-elect Donald J. Trump is meeting this week with more candidates for administration jobs and is debating who should be his secretary of state. On Thursday, Mr. Trump announced his pick for defense secretary.

These are Mr. Trump’s selections so far. Times reporters have also compiled possibilities for other posts, using information from the Trump transition team, lawmakers, lobbyists and Washington experts.

Bottom of Form

Defense Secretary – Requires Senate confirmation

The incoming secretary will shape the fight against the Islamic State while overseeing a military that is struggling to put in place two Obama-era initiatives: integrating women into combat roles and allowing transgender people to serve openly. Both could be rolled back.

James N. Mattis Mr. Trump announced at a rally on Thursday that he had selected General Mattis, who led a Marine division to Baghdad during the 2003 invasion of Iraq and led the United States Central Command from 2010 to 2013. General Mattis, now retired, has been a critic of the Obama administration.

Treasury Secretary – Requires Senate confirmation

The secretary will be responsible for government borrowing in financial markets, assisting in any rewrite of the tax code and overseeing the Internal Revenue Service. The Treasury Department also carries out or lifts financial sanctions against foreign enemies — which are key to President Obama’s Iran deal and rapprochement with Cuba.

Steven Mnuchin Mr. Trump has selected Mr. Mnuchin, who served as his campaign finance chairman. The former Goldman Sachs executive has deep roots in Hollywood and no government experience.

Transportation Secretary – Requires Senate confirmation

The next Transportation secretary will oversee Mr. Trump’s campaign pledge to increase infrastructure funding to rebuild America's roads, bridges, airports, and transit systems.

Elaine L. Chao Mr. Trump has selected Ms. Chao, the former Labor secretary under President George W. Bush. Ms. Chao, who is married to Senate Majority Leader Mitch McConnell, has been a fixture of the Republican establishment in Washington.

To see more on Trump’s Cabinet picks form The New York Times, please click HERE.

Pence Details Trump’s Ambitious Agenda for First 100 Days

Vice President-elect Mike Pence says the incoming Trump administration will obliterate gridlock by immediately tackling aggressive healthcare, immigration and tax reforms.

“I think the only thing that will surprise [voters] is that Washington, D.C. is going to get an awful lot done in a short period of time,” Pence told The Wall Street Journal Thursday after introducing President-elect Donald Trump at a rally in Cincinnati.

Pence said Trump is eager to curb illegal immigration, repeal and replace ObamaCare, fill a vacancy on the Supreme Court and strengthen the military during his first 100 days as president.

The Indiana governor revealed that working with Congress to “move fundamental tax reform," meanwhile, would dominate the tail-end of Trump’s initial 200 days as president.

To read more from The Hill, please click HERE.

In Trade News

Understanding the Trump Trade Agenda (The Wall Street Journal)

Republicans Aim to Coax Trump Toward House Trade Tax Plan (Reuters)

Trump Picks for Treasury and Commerce Want to Boost Economy through Tax and Trade Reform (CNBC)

In Auto News

November’s Auto Sales Rebound, Keep 2016 on Record Track (AIADA’s Market Watch)

Automakers With the Highest Consumer Satisfaction Rankings (Autoblog)

Toyota and Volkswagen in Fierce Battle for World’s Largest Automaker Title (Forbes)

Friday Funny

One of the most light-hearted days for an incoming freshman Member of Congress is the Capitol Hill Room Draw. This week the incoming 115th Congress had their day to draw. Good luck charms, good luck staff, and even the Usain Bolt lightning pose were used to try and draw the coveted number one slot.

Read more about the room draw and watch the video from Roll Call by clicking HERE.

The Week in Review: Week of November 14, 2016

It’s been a busy week in Washington, D.C. (well, and New York City, too).  The 45th Presidential Transition Team, operating out of D.C. and New York, is now in place and the job of filling Cabinet positions and White House senior staff has kicked into high gear. It’s just the beginning and there is much speculation about who will get what job in the Trump Administration, but announcements are already coming out – a sure sign that the peaceful transition from the 44th President to the 45th President is under way – democracy in action.

Congress also came back into session this week for the 114th Congress Lame Duck Session. The focus will be on funding the federal government for Fiscal Year 2017. House and Senate leaders, along with Administration officials, have been negotiating to put together another Continuing Resolution (CR) – the current CR expires December 9th.  The current strategy is to put together a bill that funds the government to some point in March. This would allow President-Elect Trump to get his team in place and make his requests for the budget known to Congress. Additionally, organizing for the 115th Congress began and leadership elections were held for Senate Republicans, Senate Democrats, and House Republicans. House Democrats postponed their elections till the week of November 30th.

Want even more information? On Tuesday, AIADA hosted a special Post-Election AutoTalk webinar, sponsored by AIADA Affinity Partner CNA National, to brief dealers on what the 2016 election results will mean for their businesses in the coming weeks and months. During the webinar, AIADA’s Vice President of Government Relations, Rachel Robinson, summarized the results of the election, explaining how a lame duck session of Congress will likely play out before the end of the year and what issues the 115th Congress will likely focus on when it gavels in this January, how issues like trade and the regulatory environment will be impacted by new leadership in Washington, and what to expect from the presidential transition in the coming weeks. If you missed it, listen to a recording of this special AutoTalk webinar by clicking HERE.

The Week in Review will be on break next Friday giving thanks. Now, here’s What You Auto Know.

House Passes Bill Targeting ‘Midnight’ Obama Regs

The House on Thursday passed legislation that would allow Congress to overturn in a single vote any regulations finalized in the last days of the Obama administration.

Despite Democratic opposition, the Midnight Rule Relief Act passed largely along party lines, by a 240-179 vote. The bill would amend the Congressional Review Act to allow Congress to overturn many rules all at once by way of a resolution.

Rep. Bob Goodlatte (R-Va.) urged his colleagues on the floor Thursday morning to pass the legislation and tell the American people that lawmakers heard them on Election Day loud and clear.

“The American people have said no to the continuance of the Obama administration’s policies,” he said.

“This bill guarantees that Congress can prevent any and all last-minute defiance of the people’s will by midnight regulations that stubbornly seem to entrench the last pieces of the administration's bipartisan agenda.”

House Republicans are doing everything in their power to keep the Obama administration from enacting any new rules in its final days.

To read more from The Hill, please click HERE.

Donald Trump Is Choosing His Cabinet. Here’s the Latest Shortlist.

Current and former officeholders have been filtering in and out of Trump Tower this week as Donald J. Trump’s transition team works to assemble leaders of the new administration. Here are some possibilities for the cabinet and other key posts, compiled by reporters for The New York Times, using information from the Trump transition team, lawmakers, lobbyists and Washington experts.

C.I.A. Director

Mr. Trump takes over at a time of diverse and complex threats to American security. The new C.I.A. director will have to decide whether to undo a C.I.A. “modernization” plan put in place this year by Director John O. Brennan, and how to proceed if the president-elect orders a resumption of harsh interrogation tactics — which critics have described as torture — for terrorism suspects.

Mike Pompeo, Representative of Kansas and a former Army officer, has been selected. Mr. Pompeo is a member of the House Intelligence Committee and was a sharp critic of Hillary Clinton during the congressional investigation into the 2012 attack on the American diplomatic compound in Benghazi, Libya.

Attorney General

The nation's top law enforcement official will have the authority for carrying out Mr. Trump's “law and order” platform, including his threat to “jail” Hillary Clinton. The nominee can change how civil rights laws are enforced.

Jeff Sessions, Senator of Alabama, has been selected by Mr. Trump. Mr. Sessions is a strong proponent of strict immigration enforcement, reduced spending and tough-on-crime measures. His nomination for a federal judgeship in 1986 was rejected because of racially charged comments and actions, which are very likely to become an issue as he faces another set of Senate confirmation hearings.

National Security Adviser

The national security adviser, although not a member of the cabinet, is a critical gatekeeper for policy proposals from the State Department, the Pentagon and other agencies, a function that takes on more importance given Mr. Trump's lack of experience in elective office.

Michael T. Flynn, a retired Army lieutenant general and former director of the Defense Intelligence Agency has been selected. General Flynn has been outspoken about his view of the threat posed by Islamist militancy and was an ardent supporter of Mr. Trump during the campaign.

To read more from the New York Times, please click HERE.

The Kaminsky Column: Now What? 

Enough time has passed since Election Day that dealers have, for the most part, caught their breaths. Some of us were thrilled by the results, some of us weren’t, but I feel confident in saying that most of us were caught by surprise. And we weren’t alone. Nearly every poll, pundit, and prognosticator had picked democrat Hillary Clinton as the 45th president of the United States. Washington outsider Donald Trump’s victory left his supporters cheering, and his detractors scratching their heads.

In politics, true surprises happen rarely. And when they do, the aftermath is felt for a long time. As the media and pollsters are looking back, scrambling to explain how they were so wrong with their predictions, dealers are looking ahead – to what a Trump presidency will mean for our businesses.

For many, a Trump administration offers new hope that small businesses like ours might see some relief from overreaching regulatory agencies like the CFPB, NLRB, and EPA. So far, Trump’s comments seem to support our optimism, but a great deal will depend on the team he builds around him and the cooperation he is able to engender from the Republican-led, 115th  Congress.

To read more from AIADA Chairman Kaminsky, please click HERE.

In Trade News

Trump Transition Memo: Trade Reform Begins Day 1 (CNN)

Trump Digs in for Major U.S. Trade Reset with the World (CNBC)

What Is Lost by Burying the Trans-Pacific Partnership? (The New York Times)

In Auto News

Subaru SUV Concept Foreshadows Upcoming Family Hauler  (Detroit Free Press)

U.S. Dealerships Face Evolution, Not Revolution, Expert Says (Automotive News)

U.S. News Announces the 2017 Best Vehicle Brands (U.S. News &World Report)

Friday Funny

We hope these make you laugh! Click HERE to see some of the best Vice President Joe Biden memes.

The Week in Review: The Week of October 31, 2016

With the presidential campaign in the final stretch, both candidates continue to hold rallies in battleground states around the country. It all comes down to this Tuesday, Election Day, so please remember to get out and vote. Afterwards snap a selfie with your “I voted” sticker and tweet it out under the hashtag #DealersVote. Let’s make sure our industry’s voice is heard!

Need to find your polling location? Click HERE.

After the election, please make plans to join AIADA on Tuesday, November 15th for a special AutoTalk webinar focusing on a review of the election results and what they mean for automobile dealers and the industry. For more information and to register for the webinar, please click HERE. “The Week in Review” will be missing from your inbox on Friday, November 11th but we will return the following week with a report on the first week of the Congressional Lame Duck session and the Organizing Conferences of the 115th Congress.

Now... This... is What You Auto Know...

International nameplate auto dealerships nationally employ Americans with a payroll of how much?

A) $400 Million

B) $14 Billion

C) $23 Billion

D) $32 Billion

E) None of the Above

Leave your answer in the comments section below and click HERE to see What You Auto Know.

Portrait of a Trump West Wing

Electing a president really means electing a whole brain trust, and one of the great mysteries of a possible Trump administration is just who he might get to serve in it. With much of the Washington establishment and Republican policy veterans keeping their distance, he'd have to rely on outsiders, newcomers and a small set of longtime loyalists. So who would it be? Here, for the sake of argument, we took a stab at one possible lineup. Trump has always run his business as a family shop—and his political campaign has been no different, with his adult children and Trump Organization employees playing key roles that usually get filled by professional operatives. In a Trump White House, loyalty to the businessman and willingness to buck the norm would likely continue to count more than traditional credentials or experience. Below are sketches of a dozen of Trump’s closest aides and advisers, and the roles they would be poised to play if things go Trump's way on Tuesday.

To read more from Politico, please click HERE.

Portrait of a Clinton West Wing

With Hillary Clinton leading the polls, the behind-the-scenes jockeying has already begun over just who would earn a spot in her circle of closest aides. With 24 years in national politics under her belt, Clinton has a deep bench to draw on if she wants to; this year, the key to Hillary Clinton’s campaign team was how she balanced those longtime loyalists with some new blood. So what would her kitchen cabinet look like if she wins on Tuesday? Whoever gets the nod will be shaping the administration of a historic presidency—but also heading into almost unimaginable friction in Washington even before Clinton takes the oath of office in January. It's fair to expect Clinton will stick to her campaign formula as she shapes her West Wing: a mix of inner circle aides that have served Clinton for decades, as well as skilled operatives who more recently proved themselves during perhaps the most grueling campaign in American history. Here, for the sake of argument, we've assembled a speculative lineup of 12 of Clinton’s most trusted aides and advisers, and the roles they might—might! —play in her administration.

To read more from Politico, please click HERE.

Senate Forecast Remains Cloudy With One Week to Go Until Election Day

With a week to go until Election Day, the outlook for the Senate remains uncomfortably cloudy.

About half of the 11 races that have been watched at some point over the last year are still too-close-to-call. But Republicans remain on the defensive, and Democrats have many routes to gaining the four seats they need to take control of the Senate.

The presidential contest remains an important cloud hanging over the fight for the Senate.

The re-emergence of Hillary Clinton’s email issue puts the former secretary of state on the defensive and gives ammunition to GOP House and Senate candidates. Clinton still has a clear advantage in the presidential contest, but FBI Director James Comey’s recent letters (one to Congress and the other to FBI employees) add some near-term uncertainty to the overall political environment.

To read more from The Washington Post, please click HERE.

House Picture Murky as GOP Aims to Limit Losses

Democrats are poised to gain seats in the House of Representatives this year, but with well over a dozen competitive races still viewed as tossups just one week before Election Day, the extent of that gain -- and whether Republicans can stem the bleeding and keep a strong grip on their majority -- remains uncertain.

Democrats for months have hoped to nationalize races, tying Republicans down the ballot to Donald Trump and hoping a big loss by Trump could flip a significant number of seats. They saw gains early in October when Republican polling in swing districts fell after the release of the “Access Hollywood” recording in which Trump boasted about making unwanted sexual advances on women -- something that prompted more than a dozen Republicans to withdraw their support for the party’s nominee.

But GOP insiders say their polling in swing districts has stabilized, and they feel energized by the news Friday that the FBI is looking into emails that could be related to its previously close investigation of Hillary Clinton’s private server. Democrats have expressed outrage at FBI Director James Comey for releasing the limited and vague information about the probe, and even some Republicans have suggested it was improper to do so. But Republicans say it’s given them an opportunity to play offense during the final week in the campaign.

 For more from Real Clear Politics, please click HERE.

In Trade News

Not Dead Yet—TPP Free Trade Deal Could Pass in Lame Duck Congress, US Trade Rep Says (CNBC)

Obama Makes a Long-Shot Bid for TPP Trade Deal (The Wall Street Journal)

Free Trade’s Bleak Outlook (Bloomberg)

In Auto News

Toyota Camry to Get Sleeker, Sportier for 2018 (Automotive News)

Auto Sales Dip in October (AIADA News)

Moving Target: Dealer Welcomes Newcomers to Town (Automotive News)

Friday Funny: a round-up of some of the best political ads

"Angie"

"Sweet Old Lady"

Diapers

 

 

#WednesdayWisdom: Pop Quiz!

International nameplate auto dealerships nationally employ Americans with a payroll of how much?

A) $400 Million

B) $14 Billion

C) $23 Billion

D) $32 Billion

E) None of the Above

Leave your answer in the comments section below and click HERE to see What You Auto Know.

 

The Week in Review: The Week of October 22, 2016

There are ten days until this election is over. Are you prepared? Deadlines to register to vote have expired or are rapidly approaching so make sure your voice is heard. Click HERE to see your state’s voter registration deadline. Traveling on November 8th? Click HERE to request an absentee ballot from your Supervisor of Elections Office. Plan on voting between now and  Election Day? Let us know by sharing your photos and tagging @AIADA_News with the hashtag, #dealersvote!”

Now…THIS…is What You Auto Know Now…

In 2015, how many countries received American-made vehicles from international automakers?

A) 64

B) 110

C) 140

D) None of the above

Leave your answer in the comments section and then click HERE to see What You Auto Know Now.

Clinton, Trump Rooted in Battlegrounds Ohio, Pennsylvania, Virginia with Time Expiring

… The race for the White House has, like in most modern-day presidential cycles, come down to which candidate will win the battleground states -- or those in which voters could swing either way.

With early voting already underway in several states, and with Election Day just 17 days away, Clinton leads Trump by 6 percentage points, according to the RealClearPolitics averaging of national polls.

As of Saturday, more than 5.3 million early votes have been cast, far ahead of the pace at this time in 2012.

Balloting is underway in 34 out of 37 early-voting states, both in person and by mail.

More than 46 million people are expected to vote before Election Day -- or as much as 40 percent of all votes cast.

For the complete article from Fox News, please click HERE.

What to Watch in the Fight for Control of the Senate

Republicans fare fighting for their majority while defending more seats in Democrat-leaning states.

Control of the Senate is on the ballot in November, with Republicans fighting to hold their majority while defending far more seats in Democratic-leaning states. A look at the Senate landscape:

Current party breakdown

54 Republicans, 44 Democrats, two independents who caucus with the Democrats.

Seats on the ballot

24 Republican-held seats, 10 Democratic-held seats.

To hold the majority, Democrats need a net gain of four seats if Hillary Clinton wins the presidency, as the vice president would break ties; five seats if Republican Donald Trump is elected president. The last time the Senate was tied 50-50 was in the first year of President George W. Bush’s presidency with Vice President Dick Cheney breaking any ties.

To read more from Fortune, please click HERE.

6 Reasons You’re Seeing the Political Ads You’re Seeing

With just two weeks to go until Election Day, Americans can’t turn on the television without being inundated with political ads.

But behind those ads lies a complicated strategy game, what Republican operative Brian O. Walsh likes to think of as three-dimensional chess.

The movement of ad reservations signals a lot about which House and Senate races are most competitive and which party has the upper hand. Democrats are currently trying to expand the House playing field by putting money into newly competitive districts. Congressional Leadership Fund, the super PAC tied to House GOP leadership, is reserving time in second-tier races as an insurance policy against a Democratic wave.

Party committees are also pulling out of races. In Florida and Ohio, for example, the Democratic Senatorial Campaign Committee has cut its reservations in Senate races that look like steeper climbs than once thought for Democrats.

For more from Roll Call, please click HERE.

In Trade News

Conservative Leader Says Next President Can't Abandon Free Trade (The Hill)

Clinton Team Sweated Over her Trade Stance, Emails Show (Politico)

Rejecting TPP Deal Would Hinder US to Advance Objectives in Asia Pacific (Sputnik News)

In Auto News

Why Toyota Won’t Make a Prius SUV (USA Today)

Consumer Reports Releases Annual Reliability Rankings (Bloomberg)

Judge Approves $15B Volkswagen Settlement (Detroit Free Press)

Friday Funny

Now through the Election, we will be showcasing a weekly round-up of some of the best political ads.

Please Re-Elect Gerald

Publicity Hound

@RalstonReports Picks: Favorite/Worst Mailer of the Year

#WednesdayWisdom: Pop Quiz!

In 2015, how many countries received American-made vehicles from international automakers?

A) 64

B) 110

C) 140

D) None of the above

Leave your answer in the comments section and then click HERE to see What You Auto Know Now. 

The Week in Review: The Week of October 17, 2016

As an election like no other enters the final stretch, the third and final presidential debate was held Wednesday night in Las Vegas. Democratic nominee Hillary Clinton and Republican nominee Donald Trump agreed prior to the debate to a "no handshake" policy, which fit the tone that had been set in the previous no-holds barred debates. This was the most substantive of the three debates and each candidate was challenged to delve into detail on various issues before the American people which will confront the next President.

You Auto Know, You Need to Vote! Deadlines to register to vote have expired or are rapidly approaching so make sure your voice is heard. Click HERE to see your state’s voter registration deadline. Traveling on November 8th? Click HERE to request an absentee ballot from your Supervisor of Elections Office.

Now THIS is What You Auto Know…

In 2015, international automakers in the U.S. directly employed how many Americans?

A) 52,050

B) 98,000

C) 113,900

D) 126,500

E) None of the Above

Leave your answer in the comment section below, and click HERE to see What You Auto Know.

Fight for Congress Puts Auto Agenda in Play

In the coming years, lawmakers on Capitol Hill will weigh in on the midterm evaluation of the Obama administration's signature 2025 fuel economy regulations and whether auto safety regulations need new fundamental changes to ensure the safe deployment of autonomous vehicles.

Together, those two issues represent billions of dollars in industry spending over the next decade, underscoring the stakes for the industry when the mix of red and blue on Capitol Hill is decided on Nov. 8.

"We are at a really consequential time in terms of policy," said Mitch Bainwol, CEO of the Alliance of Automobile Manufacturers trade group, whose members include the Detroit 3, Toyota, Daimler, BMW and Volkswagen. "The next year or two or three will be really important for us, and it will be atypically important. These are not going to be ordinary years."

To read more from Automotive News, please click HERE.

Is the Consumer Financial Protection Bureau Constitutional? The D.C. Circuit Says No. Here’s Why.

The Consumer Financial Protection Bureau (CFPB) was created in 2010 by the Dodd-Frank Act to help reform Wall Street practices. But last week the D.C. Circuit Court of Appeals ruled that the CFPB was unconstitutional. The case provides a new episode for a long-running series we might (if we wanted to have the worst Netflix show ever) call “The Constitutional Politics of Bureaucratic Structure.” The basic plot conflict: Who gets to fire federal officials? The court’s answer: the president.

The story starts, as usual, with the Constitution. Article II begins by declaring that “the executive power shall be vested in a president …” The “executive power” is undefined, but most agree it must include power over personnel. James Wilson told the Constitutional Convention “the only powers he conceived strictly Executive were those of executing the laws, and appointing officers …”

Now, to appoint these officers requires Senate confirmation. But what about removals? Alexander Hamilton originally thought Senate permission would be needed there, too. But the very first Congress decided otherwise and gave the president sole control over firing department heads. James Madison argued this would ensure that “those who are employed in the execution of the law will be in their proper situation” — dependent on the president, and thus ultimately on the voters.

To read more from the Washington Post, please click HERE.

Ryan Suggests Tax Overhaul Is First Priority of GOP Agenda

House Speaker Paul D. Ryan on Friday revealed that a tax overhaul would likely be the first legislative item on the House Republicans' "Better Way" agenda to move in the 115th Congress and suggested he'd use the budget reconciliation process to advance it.

"I really want to get tax reform running as quickly as possible," the speaker said during an event with college Republicans in Madison, Wisconsin.

Asked about his priorities for the next legislative session, Ryan produced his Better Way pamphlet and discussed how House Republicans in 2017 would get right to work on growing the economy.

“First thing out of the gate is a budget that gets tax reform, that gets this debt and deficit under control and gets our military what they need," the Wisconsin Republican said. "Then we've got to go work on regulations. I want to work on poverty and welfare. I want to work on the rest of this agenda, effectively."

To read more from Roll Call, please click HERE.

In Trade News

Froman: Pacific Trade Pact Crucial for U.S. Global Leadership (Boston Herald)

Poll Shows Overwhelming Support for Free Trade, but Opposition to TPP (Business Insider)

Ron Johnson: U.S. Could Be Hurt by Shunning Trade Deal with TPP Countries (Wisconsin State Journal)

In Auto News

Why Honda Went to Detroit in October to Reveal the CR-V (Detroit Free Press)

JLR Has Its Eyes on Virtual Reality (Automotive News)

Toyota's Move to Texas Goes Far Beyond Moving Employees (Detroit Free Press)

 Friday Funny

 

#WednesdayWisdom: Pop Quiz!

In 2015, international automakers in the U.S. directly employed how many Americans?

A) 52,050

B) 98,000

C) 113,900

D)126,500

E) None of the Above

Leave your answer in the comment section below, and click HERE to see What You Auto Know.

The Week in Review: The Week of October 10, 2016

Twenty-four days remain until this unprecedented election comes to an end. As the election takes a more intense and personal turn, media attention and focus on the presidential contest will only increase. This means that congressional incumbents and challengers will have an even tougher time gaining voters’ attention. One reporter made this observation about the historic nature of this election: “Four weeks to go, but I'll be writing about the 2016 election, in some way, shape or form, for the rest of my professional life. I'm 38.” Deadlines to register to vote have expired or are rapidly approaching so make sure your voice is heard. Click HERE to see your state’s voter registration deadline. Traveling on November 8th? Click HERE to request an absentee ballot from your Supervisor of Elections Office.

Now…This is what You Auto Know Now…

In 2015, how many American manufacturing facilities did international automakers operate?

A) 10

B) 17

C) 29

D) 36

E) None of the above

Leave your answer in the comments section below and click HERE for What You Auto Know Now.

CFPB Survives Legal Attack as Court Trims Director’s Power 

The Consumer Financial Protection Bureau survived a constitutional challenge and will remain in business, though a federal appeals court took away power from its director and tossed out a $109 million penalty against a mortgage company.

The long-awaited decision was a blow to the agency, which was created in the wake of the financial crisis to regulate mortgages, credit cards and other products directed at consumers. Ever since, it’s been the subject of almost constant criticism from Republicans and the industry, most recently when it scored its highest-profile victory to date, penalizing Wells Fargo & Co. for opening accounts without clients’ knowledge.

The appellate court found the CFPB to be “unconstitutionally structured” because the autonomy vested in Director Richard Cordray -- who could only be fired by the president and for cause -- was a “gross departure from settled historical practice.”

But the three-judge panel rejected calls to dismantle the agency, instead voiding the for-cause provision and making the director removable by the president at any time and for any reason.

To read more from Bloomberg, please click HERE.

The Senate: How the Challengers Rank 

How bad can it get for the GOP?

That’s the question party strategists are asking themselves this week after the revelation last Friday of a video in which Donald Trump bragged about sexually assaulting women. Already, former Trump supporters like Sens. Kelly Ayotte of New Hampshire and Rob Portman of Ohio, and Rep. Joe Heck of Nevada have decided to no longer back their own party’s presidential nominee. Other Republicans may not be far behind.

The truth is we won’t know until the end of the week, when post-debate polls come in, what the full extent of the damage is (if there’s much damage at all).

But we do have a strong sense now, with less than a month before Election Day, which nonincumbent Senate candidates are running strong races — and which ones aren’t. Even amid a tumultuous political climate, the individual candidates can matter a great deal.

A reminder: We did not rank the challengers in order of which seats are most likely to switch party control. This is an independent assessment of the nonincumbent candidates, regardless of whether we expect them to win. Factors like fundraising, biography, and presence on the campaign trail are part of the analysis.

The list is also mostly populated by Democrats, because so many Republican incumbents are running.

To see the complete list from Roll Call, please click HERE.

Could the House Really Flip? 

House Democrats are thinking the once unthinkable: They have a real shot at winning the lower chamber next month.

Such a shift would require a robust wave, as the Democrats would need to steal at least 30 seats from the largest Republican majority in decades.

But the implosion of Donald Trump's presidential bid — and the Republican civil war sparked by his incendiary campaign — has left Democrats with fresh new hopes that the GOP nominee will doom the Republicans down ballot and return the Speaker's gavel to Rep. Nancy Pelosi (D-Calif.) after six years in the minority wilderness.

On Wednesday, Democrats blasted out their first bit of evidence in the form of an internal poll finding that Stephanie Murphy, a Florida Democrat, has taken a 2-point lead over Rep. John Mica (Fla.), a 12-term Republican who has endorsed Trump.

To read more from The Hill, please click HERE.

In Trade News

John Kasich: Refusing to Ratify TPP Risks America’s Role as the World Leader (The Washington Post)

Clinton Raved About Trans-Pacific Partnership Before She Rejected It (Politico)

Trans-Pacific Partnership strengthens Our Economy, National Security (The Tennessean)

In Auto News

Yark Subaru Named Best Dealership to Work For (Automotive News)

BMW, Hyundai Top J.D. Power Tech-Experience Study (Detroit News)

Toyota: HQ, Scion Transitions Going Well (Ward’s Auto)

Friday Funny

Donald and Hillary - I've Had The Time of My Life

#WednesdayWisdom: Pop Quiz!

In 2015, how many American manufacturing facilities did international automakers operate?

A) 10

B) 17

C) 29

D) 36

E) None of the above

Leave your answer in the comments section below and click HERE for What You Auto Know Now.