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At a Glance...
Top Stories
Dealers May Split on Industry Loans
Big Three Pare Back Fed Loan Request
NHTSA Reminds Ford Vehicle Owners of Cruise Control Recall
For Now, Honda Will Skip Electric Vehicles
GM Plans Compact, Multi-Purpose Vehicle
Chrysler May Offer 9 New Vehicles in 2010
NADA Update
NADA Insurance Adds New Benefit for Members: Life Insurance for Dealership Employees
NADA Convention: 'Full Speed Ahead' to New Orleans in January
Sign Up Today to Become a Green Checkup Dealer
Did You Miss the First Virtual Seminar on the Red Flags Rule?
Registration Open for Pre-Convention Charity Golf Tournament
NADA Virtual Seminar Archives Now Available
STAR Answers Dealers Questions about Dealership Data Security
Save up to 42% on Select ThinkPad Notebooks
Top Stories
Dealers May Split on Industry Loans

WASHINGTON -- Auto dealers, a potent collective lobbying force in past industry battles here, will decide individually whether to support low-interest government loans to automakers and suppliers. The National Automobile Dealers Association is not taking a position on whether the federal government should fund $25 billion or more in direct industry loans, NADA leaders said [Tuesday}. “We represent all dealers,” said David Regan, the association’s vice president of legislative affairs. NADA members likely will have different opinions on whether government loans would be in their economic interest, he said. NADA’s neutrality does not mean dealers won’t join the lobbying fight. General Motors is encouraging its dealers to contact lawmakers in support of loan funding for fuel-efficient vehicle production, company spokesman Greg Martin said.
Source:  Automotive News (Subscription required.)

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Big Three Pare Back Fed Loan Request

Amid mounting hurdles and facing time crunch, Congress focuses on $25B, one-year program
WASHINGTON -- Auto officials and Michigan legislators decided late Tuesday to drop efforts to seek $50 billion in low-cost direct loans over three years, saying they were more confident of winning passage as a result. After two days of meetings and conference calls, leading Democrats and Republicans expressed optimism that the loan program will be included in a bill to continue funding the government into next year. "The full $25 billion is likely to be included," said U.S. Rep. Fred Upton (R-St. Joseph) a key figure in the efforts. House Speaker Nancy Pelosi said Tuesday that Democrats hoped to win approval of a package of government loans to help the auto industry but hadn't decided on an amount. "This is a very, very important industry to our country," Pelosi said. "It's about jobs, jobs, jobs."
Source:  The Detroit News

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NHTSA Reminds Ford Vehicle Owners of Cruise Control Recall

WASHINGTON -- The government is urging owners of 5 million recalled Ford vehicles to bring them to dealerships to repair a cruise control switch system that has been tied to engine fires. The National Highway Traffic Safety Administration on Tuesday issued a second consumer advisory to owners of certain unrepaired Ford, Lincoln and Mercury sport utility vehicles, pickup trucks, vans and passenger cars who have not responded to previous recalls. A similar warning was issued in February but officials said the rate of the vehicles being repaired has declined. Dealers have installed a fused wiring harness into the speed control electrical system as part of the recall, and the government said replacement parts are available. Owners can take their vehicle to a dealer to have the cruise control deactivated until the parts arrive.
Source:  Associated Press

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For Now, Honda Will Skip Electric Vehicles

TOKYO — One name is conspicuously absent from the electric vehicle hoopla: Honda. And R&D chief Masaaki Kato says that is for good reason. Honda Motor Co. has no plans to produce electric vehicles. The battery technology is not ready, he says. "Nowadays, the most advanced batteries are lithium ion batteries. But even though the size is getting smaller, the density of the energy is still too poor for cars," Kato said. For the foreseeable future, electric cars will be limited to short-distance city runabouts. By 2015, they will account for less than 1 percent of the market in developed countries, Kato said.
Source:  Automotive News (Subscription required.)

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GM Plans Compact, Multi-Purpose Vehicle

Automaker looks at European trend toward developing minivans and SUVs on a smaller scale
General Motors Corp. is thinking of offering a Chevrolet-badged compact minivan-SUV in Europe to target one of the fastest-growing segments. The U.S. automaker will reveal a concept version at the Paris car show next month to gauge the reaction of the press and public. Called the Orlando, the show car is built on the underpinnings of the new Chevrolet Cruze compact sedan but can transport seven. GM has been reluctant in the past to bring small vehicles it sells in Europe, Asia and Latin America to the U.S. market. But officials are not excluding the possibility after seeing big shifts in the United States, where demand for small vehicles has risen sharply.
Source:  The Detroit News

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Chrysler May Offer 9 New Vehicles in 2010

Chrysler executives are talking about a "product renaissance" in 2010 when the company plans to launch seven, eight, or, perhaps nine new vehicles. Jim Press, a Chrysler president and vice chairman, will mark his first anniversary with the Auburn Hills automaker ... in a speech to the Automotive Press Association in Detroit and he's expected to talk about how the struggling No. 3 U.S. automaker is doing with its efforts to remake itself as a private company. "For our company, we're going to have a product renaissance in 2010 ... just as the market is coming back," Press said, according to video that captured a speech in San Francisco last week. "We're not on the ropes," he added. "We're not worried."
Source:  Detroit Free Press

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NADA Update
NADA Insurance Adds New Benefit for Members: Life Insurance for Dealership Employees

To help NADA members keep and attract a high quality staff, NADA Insurance has created a new life insurance plan for dealership employees. The plan has a basic group option at a flat 0.21 cents per thousand ranging in coverage from $10,000, $25,000, $50,000 to $100,000. All full-time employees at the dealership must participate in the group plan to receive the highly-competitive rates. The second option is a voluntary employee life plan, starting at $150,000 of coverage to a maximum of $500,000. “This is a very effective way to build on your dealership’s employee benefits package and help employees protect their families and assets,” says Lin Peacock, vice president of NADA Insurance. For more detailed information on the employee life plans or to apply, go to www.nadainsurance.com or call (888) 461-6232.

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NADA Convention: 'Full Speed Ahead' to New Orleans in January

New Orleans Hospitality Industry Coming Back Strong after Gustav
NEW ORLEANS – New Orleans city officials say that damage caused by Hurricane Gustav this week is "minor and easily repairable." A statement issued by the New Orleans Convention and Visitors Bureau (CVB) reported little to no disruption in meetings, conventions and special events scheduled over the next two weeks. The Convention Center, New Orleans Superdome and major hotels suffered only minor damage such as window breaks. There is no mid-range or long-term impact of any kind, the CVB reported.

"We're pleased to hear that the city of New Orleans and the surrounding areas are making such progress,” says Steve Pitt, NADA vice president of conventions and expositions. "Residents and workers from across the region already have begun returning to their homes and businesses. And for us, it’s full speed ahead for the NADA convention’s return to New Orleans in January."

The NADA convention will return to New Orleans in about five months. The convention dates are Jan. 24-27. Registration is open. Several hotels already have sold out. Registration fees and hotel rates have remained unchanged, and discounted airfare is available. More than 700 exhibitors, 150 dealer workshops, a heavy-weight lineup of speakers and an additional half-day of workshops, including "Lifeline to Profit$" (offered both Friday and Tuesday) are scheduled. Since Katrina, more than $1 billion has been spent on hotel renovations and 913 restaurants are open.
Source:  NADA Newswire

For more updates, click here to go directly to the New Orleans CVB Web site.

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Sign Up Today to Become a Green Checkup Dealer

NADA is urging its members to offer free Green Checkups at their dealerships during the month of September. The Green Checkup focuses on the things that have the greatest effect on fuel economy, such as oil and air filters, engine performance, tire pressure and emission controls. Participating dealers can refer to the Green Checkup Guidelines, which provide the estimated tech hours to perform a Green Checkup.

Already, dealers in 45 states have signed up to become Green Checkup Dealers. (Click here to sign up to become a Green Checkup Dealer.) Dealers may decide to provide the Green Checkup along with inspections of child passenger safety seats that are also offered at many dealerships in September. “While customers wait in line to have their child safety seats inspected, we will offer them the option of having the Green Checkup,” says Annette Sykora, NADA chairman.

Although NADA is promoting Green Checkup Month in September, the program is designed for dealers to offer checkups as part of their routine service year-round.

To help dealers raise public awareness of how the auto industry is increasing fuel economy through innovation and new technologies, NADA created the Toolkit “A New Car is a Green Car.” The toolkit is designed to highlight how easy it is to be green. It includes tips on hosting green driving events, participating in the Green Checkup program and case studies that offer “greenprints” for success.

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Did You Miss the First Virtual Seminar on the Red Flags Rule?

If you weren’t among the 500 individuals and several dealer association groups who logged on this past week for our first virtual seminar on complying with the new FTC Red Flags Rule, you have another chance: The seminar will be repeated on Tuesday, Sept. 23, 2008 from 1-3 p.m. EST.

Like the first one, the seminar will be presented live and online, inviting participation by attendees. Questions are encouraged, which will be answered by presenters, Bert Rasmussen, author of A Dealer Guide to the FTC Red Flags and Address Discrepancy Rules: Protecting Against Identity Theft, and Paul Metrey, NADA director of regulatory affairs. The seminar will address what you need to do by Nov. 1, 2008 to comply with the Red Flags Rule, such as:

  • Preliminary risk assessment
  • Construction of a written Identity Theft Prevention Program
  • Knowing the indicators of identity theft (Red Flags) and how to detect and respond to them
  • Training requirements
  • Service provider oversight
  • Involvement of a dealership’s board of directors

Dealers, general managers, CFOs, controllers, finance managers, sales managers, IT managers and outside compliance professionals are encouraged to participate. The fee is $199 per computer connection.

To register online, visit www.nada.org/seminars or call (800) 248-6232, Ext. 7061. To order A Dealer Guide to the FTC Red Flags and Address Discrepancy Rules: Protecting Against Identity Theft, visit www.nada.org/RedFlags.

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Registration Open for Pre-Convention Charity Golf Tournament

Registration for the "Dealers for Charity" golf tournament in New Orleans is now open. The tournament, hosted by ACECO, NADA’s hole-in-one insurance program, is slated for Friday, Jan. 23, 2009. All proceeds will benefit the Brees Dream Foundation, a charitable organization founded by New Orleans Saints quarterback Drew Brees. The shotgun scramble tournament will be held at the Pete Dye-designed TPC Louisiana, the only PGA TOUR golf course in the state. Fees for the event are $300 per person. Participation is limited to the first 144 NADA members who register. Visit www.ACECOinsurance.com and click on the "Dealers for Charity" logo to register.

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NADA Virtual Seminar Archives Now Available

The complete audio and video content of 19 NADA Management Education virtual seminars from the past year is now available. Each seminar archive contains the original presentation from 2007 or 2008, and can be accessed for up to six months. The cost of each seminar is $99.

Archived virtual seminars are available for the following topics:

  • Variable operations
  • Fixed operations
  • F&I
  • Legal issues
  • Business management
  • Trucks

For a complete list of archived seminars or to place your order, visit www.nada.org/seminars or call (800) 252-6232, Ext. 2.

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STAR Answers Dealers Questions about Dealership Data Security

 

Standards for Technology in Automotive Retail (STAR) has developed new guidelines to help dealers evaluate their Dealership Data Security. Visit STAR's Dealer Infrastructure Guidelines (DIG) publication. for more information. To find out "How Often Should a Dealership Back Up Data?" click here.

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Save up to 42% on Select ThinkPad Notebooks

  

NADA members can save three ways:

  • Instant savings with discounted Web pricing;
  • Save even more with your NADA discount; and
  • Enter eCoupon USXLABORDAY at checkout.

Visit www.nada.org/Technology/PCpurchaseprogram (member log-in required), then click www.lenovo.com/shop/deals/nada or call (800) 426-7235, Option 1, Ext. 4838 to take advantage of these savings. Enter eCoupon USXLABORDAY at checkout. Free ground shipping is available on all Web orders.

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Featured Video
 
 
NADA-TV Reports on the Launch of the 'Green Checkup' Campaign. Pictured above is NADA Chairman Annette Sykora with Colorado Gov. Bill Ritter at a news conference in Denver.


More Video Highlights

Quotable
 
"This is a very, very important industry to our country. It's about jobs, jobs, jobs."

   
-- House speaker Nancy Pelosi referring to government-backed auto loans, The Detroit News, Sept. 10


"Nowadays, the most advanced batteries are lithium ion batteries. But even though the size is getting smaller, the density of the energy is still too poor for cars."

   
-- Honda R&D chief Masaaki Kato announcing that the automaker will skip electric vehicles for now, Automotive News, Sept. 8


"For our company, we're going to have a product renaissance in 2010 ... just as the market is coming back. We're not on the ropes. We're not worried."

   
-- Chrysler president and vice chairman Jim Press, Detroit Free Press, Sept. 10
Video Highlights
 
  
Registration for the NADA convention in New Orleans Jan. 24-27 is now open. Click here to see just how much progress New Orleans has made since Katrina.


NADA's New Orleans Project: Lusher Charter School
NADA's Return to New Orleans
NADA and 'SeeMore's Playhouse' Promote Child Passenger Safety Month in September


Click here for more NADA-TV reports.

 
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