Politics Diess warns U.S. tariffs could cost VW up to $2.8 billion, report says President Trump has said he will impose tariffs on cars imported from the European Union if U.S. talks with the bloc do not yield a new trade deal. The move could cost VW up to $2.8 billion. Regulation & Safety Nine crossovers score high in new IIHS pedestrian avoidance test The institute will include pedestrian crash prevention ratings as part of the criteria for the 2020 Top Safety Pick awards. Mobility Report Apple sheds light on safety of its AV program The company's decision to issue an assessment voluntarily may signal its intentions to present a more public and consumer-friendly face for its autonomous-vehicle program. Executives Audi to cut management jobs, engine types to reduce costs "One thing is clear, our cost base is too high," CEO Bram Schot told a German newspaper. Earnings Is Tesla a cult? Sonic's Dyke wonders as BMW takes hit One of the largest U.S. auto dealers just had a rough quarter selling BMWs, and a top executive said Tesla played a major role. Carlos Ghosn Scandal Nissan downgraded on weak profit outlook after Ghosn arrest Nissan's credit rating was lowered for the first time in a decade by S&P to A- from A. The outlook on the long-term debt score is stable, the rating firm said. Executives GM appoints marketing veteran to lead Maven Sigal Cordeiro replaces Julia Steyn, who unexpectedly left GM last month as vice president of Maven and GM urban mobility. Mobility Report Lyft plans to file for IPO next week, reports say Lyft now expects to be valued at between $20 billion and $25 billion in its IPO, Reuters reported. Sources told Reuters the plans were still subject to change and market conditions. PM NEWSCAST When 'robo' meets cop • Job cuts at Sonic, Audi • U.S. halts Calif. talks • Renaming Detroit's Cobo See all PM Newscasts AM Newscast Ghosn lawyer blames Nissan • Ford cutbacks in Brazil • Tesla to lease Model 3? • Brisk demand for new Rolls See all First Shift Opinion Dealers need to be ready for anything Elaine Chao: A speedier path for innovation More Opinion stories » FIXED OPS JOURNAL Other industries raid dealerships for talented shop veterans Ex-tech says he left auto retail for more control, less politics Virginia dealership group trains nonviolent inmates to become its service techs Most dealerships still fumble sales-to-service handoff More Fixed Ops Journal stories » Can car companies ever win on Wall Street? BLOGS Is Honda's U.K. plant closure the beginning of a Japanese Brexit? Tesla introduces 'Dog Mode' to keep pets cool inside the car A GM investment in Rivian would send the wrong messages Will Jaguar replace XE, XF sedans with a single EV? More Blogs » Cars & Concepts Bentley revs up Bentayga with Speed variant Mazda's Moro: New crossovers could give U.S. sales big boost Will Jaguar replace XE, XF sedans with a single EV? Could Harley-Davidson end up on all fours? More Cars & Concepts stories » Access F&I Auto lenders take varied approaches to technology investments How to break the F&I stereotype Training strength lies in the details Ally's core business is driving optimism More Access F&I stories » Best Practices Fla. store puts service parts near its techs At Niello Buy Center, it pays to buy only Dealership group teaches life skills Sponsored Content Provided By Ally VIDEO: Take action to create a welcoming workplace More Best Practices stories » Weekend Drive Why Ford's Hinrichs is bullish on USMCA Ford's global operations boss Joe Hinrichs says North America must maintain a strong auto industry to take on China and the European Union. Plus, Hinrichs discusses capacity calls, avoiding surprises and Canadian memories. Listen to Weekend Drive as a podcast See all Weekend Drive Used Cars TradeRev rollout dings KAR earnings The company plans to expand TradeRev to 175 markets by the end of the year but needs more boots on the ground for the rollout. Suppliers BorgWarner creates new company after acquiring specialty car shops BorgWarner acquired the assets of Rinehart Motion Systems LLC and AM Racing Inc., merged the operations of each and created Cascadia Motion LLC. Retail Would-be Tesla customers grouse as deposit refunds take months Seventeen people interviewed for this report described months of effort to get Tesla to refund their deposits. Manufacturing Trump on EU: 'If we don’t make the deal, we’ll do the tariffs' President Donald Trump told reporters that trade talks are ongoing and European Union representatives are tough negotiators. Detroit Auto Show So long, 'Cobo': Detroit auto show venue to get new name A bank has purchased the naming rights of Cobo Center in a 22-year deal that will change the brand of the city's convention center. Regulation & Safety Nissan recalls 86,265 Muranos in U.S. for braking issue The valves within the 2009 Murano's ABS hydraulic control units may react with brake fluids containing specific corrosion preventative additives. Dealers Sonic Automotive cut 6% of corporate staff in quarter Sonic Automotive, preparing for a tough year ahead, said interest rate hikes in 2019 could erode profits. Executives German prosecutors start penalty proceedings against Daimler in diesel probe Investigators are examining whether Daimler executives have neglected their legal duties, the prosecutors' office said.   Executives Tesla's new general counsel quits after two months Dane Butswinkas, who represented Elon Musk in his legal battle with the SEC last fall, will return full time to his legal practice. Retail Tesla plans Model 3 leases to boost demand, report says An email stated that employees will be able to lease a Model 3 within the next two weeks, Electrek reported. 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