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Chrysler and Dealers Team Up to Build Playground in New Orleans
NADA Convention to Feature Former U.S. Presidents
NADA Convention Opens at Critical Time for Industry
Tough Times, Tougher Dealers: Saving Your Dealership's Assets
NADA Study Finds Double Regulating Fuel Economy by States Harmful to Struggling Auto Industry
NADA, SBA and NAMAD Launch Campaign on Dealer Eligibility for SBA Guaranteed Loans
Understanding the TALF
Top Stories
Chrysler and Dealers Team Up to Build Playground in New Orleans

NEW ORLEANS – Before the sun set Thursday, the more than 500 children who come to The Knowledge Garden Child Development Center in New Orleans got a great new place to play. The new playground, which was fully assembled from scratch in less than eight hours, was built with the help of more than 200 volunteers from The Chrysler Foundation, Orleans Dodge in New Orleans, Riverland Chrysler in LaPlace, La., Operation REACH, organizers from KaBOOM! and residents of the local community. Throughout the day, volunteers hauled 53,500 sq. ft. of mulch and mixed about 20,000 pounds of concrete and assembled brightly colored playground equipment to bring the new play area to life. Planning for the playground began at a design day event held in November. Local children and community leaders met with organizers from KaBOOM! and Chrysler to design their “dream” playground. The children's drawings were used to create the final playground design. “The playground will provide a safe, clean place for the children of the neighborhood to play,” said Operation REACH CEO Dr. Kyshun Webster. The project is the 24th playground to be built across the country by KaBOOM!, The Chrysler Foundation, and Chrysler, Jeep and Dodge dealers.
Source:  Chrysler LLC

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NADA Convention to Feature Former U.S. Presidents

NADA has assembled a lineup of leading political figures, industry and inspirational speakers—including former U.S. presidents George H.W. Bush and Bill Clinton—to deliver remarks at its 92nd annual Convention & Exposition in New Orleans Jan. 24-27. “This year’s lineup is one of the most impressive in NADA’s history,” said Convention Chairman and auto dealer Jeff Carlson. “In line with NADA’s convention theme of ‘Committed to Community,’ former U.S. presidents George H.W. Bush and Bill Clinton join us in highlighting nationwide efforts to give back to the New Orleans community.” Last year, the NADA Charitable Foundation made a $400,000 contribution to the Brees Dream Foundation—founded by New Orleans Saints quarterback Drew Brees and wife, Brittany—to help rebuild the athletic fields at the largest public high school in New Orleans. Ford Motor Co. President and CEO Alan Mulally spoke during the General Assembly on Saturday, following NADA Chairman Annette Sykora. Incoming NADA Chairman John McEleney will outline his priorities Monday, Jan. 26 for the coming year.
Source: NADA Newswire

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NADA Convention Opens at Critical Time for Industry

NEW ORLEANS – Thousands of dealers are arriving in New Orleans to attend NADA’s 92nd Convention and Exposition. “Considering the challenges facing the auto industry, many of us believe this is the most important convention ever,” says NADA Chairman Annette Sykora.

More than 20 automaker-dealer franchise meetings have been scheduled. Rick Wagoner, General Motors chairman and CEO; Jim Lentz, president of Toyota Motor Sales USA; Jim Press, Chrysler vice chairman and president; and Alan Mulally, president and CEO of Ford Motor Co., are all planning to attend. Mulally delivered the industry keynote address on Saturday. Also on Saturday, outgoing NADA Chairman Annette Sykora discussed challenges the industry faced in 2008.

The convention, which runs Jan. 24-27 at the Morial Convention Center, is offering more than 40 workshops designed to tackle today’s tough economic issues head-on, such as maintaining dealer profitability, improving cash flow, surviving the credit crunch and driving customers back to dealerships.

For the first time ever at a NADA convention, two former U.S. presidents will take center stage. Former Presidents George H.W. Bush and Bill Clinton will deliver remarks during the general session on Monday. Also on Monday, incoming NADA Chairman John McEleney will outline his priorities for the coming year of economic uncertainty.

Archie Manning, former quarterback of the New Orleans Saints and the NFL’s Most Valuable Player in 1978, spoke Saturday and Christopher Gardner, the inspiration for the movie “The Pursuit of Happyness” will present a motivational talk on Sunday.
Source:  NADA Newswire

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Tough Times, Tougher Dealers: Saving Your Dealership's Assets

In response to the challenges facing dealers during uncertain times, NADA is offering a workshop on dealership survival, Tough Times, Tougher Dealers: Saving Your Dealership’s Assets, at the 2009 NADA Convention & Exposition in New Orleans. Hundreds of dealers have already participated in virtual seminars presented on the topic in December and January.

The first virtual seminar, held Dec. 18, drew more than 250 participants and lasted more than an hour, followed by a lively and informative Q&A session. Participants were not identified by name or dealership, which resulted in candid discussion. More than 150 people participated in the second session, held Jan. 13.

The convention workshop, presented by Michael Charapp, Esq. of Charapp & Weiss, LLP and Bradley Nicklin, CPA of Beers + Cutler, will discuss the tough issues facing dealers today. It is intended to help dealers and managers understand the steps required to protect their dealerships’ assets during tough economic times.

In Tough Times, participants will learn valuable information on cash management, expense control and franchise rights issues. They will also learn how to deal with bankruptcy—both at the manufacturer and dealership level—as well as franchise terminations, brand terminations and the legal ramifications of reducing a workforce. Additionally, the speakers will present other practical considerations for surviving the tough environment, both legally and financially.

Tough Times, Tougher Dealers: Saving Your Dealership’s Assets will be held Saturday, Jan. 24 at 11 a.m. and Monday, Jan. 26 at 8:30 a.m. in rooms 208–209 of the Ernest N. Morial Convention Center in New Orleans. Dealers, managers and other dealership personnel attending the NADA convention are encouraged to attend one of the two sessions. The workshop will offer up-to-date economic information and peer interaction, as well as Q&A for all participants.

For more information on this and other workshops at the NADA convention, visit www.nada.org/convention or call NADA Management Education at (800) 252-NADA, ext. 2.
Source: NADA Newswire

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NADA Study Finds Double Regulating Fuel Economy by States Harmful to Struggling Auto Industry

Industry Needs Single National Standard, Not Patchwork of State Regulations
WASHINGTON — A comprehensive analysis released today by the National Automobile Dealers Association (NADA) on a California Air Resources Board’s (CARB) rule that would allow individual states to regulate  fuel economy standards finds numerous unintended consequences that will cause economic harm and provide little or no environmental benefit over the proposed federal standards. “With new national fuel economy standards expected to be finalized by the Obama administration by April 1, complying with the additional state standards would create a regulatory patchwork that would undermine the national fuel economy program at a time when the auto industry needs regulatory certainty and stability,” says David Regan, NADA vice president of legislative affairs. “Separate and apart from the stringency of standards set by the federal government or California, the establishment of 13 state-based fuel economy regimes would cause irreparable harm to an already struggling automobile industry.” Regan added that a major slump in auto sales forced 900 dealerships to close their doors in 2008 and put the domestic automakers in the difficult position of needing billions in bridge loans from the federal government to prevent bankruptcy.  GM and Chrysler have already received $17.4 billion in loans. Ford has yet to ask for assistance.  “It makes no sense for the federal government to aid the auto industry with one hand, and then burden it with a duplicative rule that regulates fuel economy completely differently than the federal government,” Regan continued. Click here for the report, "Patchwork Proven: Why A Single National Fuel Economy Standard Is Better for America Than A Patchwork of State Regulations."
Source:  NADA Newswire

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NADA, SBA and NAMAD Launch Campaign on Dealer Eligibility for SBA Guaranteed Loans

NADA, the National Association of Minority Automobile Dealers (NAMAD), and the Small Business Administration (SBA) have developed a joint Motor Vehicle Dealer Loan Guaranty Campaign to inform small new-car and -truck dealers about their eligibility for SBA 7(a) guaranteed loans. Small dealers who’ve been affected by recent economic conditions may benefit from the program. The SBA guarantees loans made by local lenders for small business applicants who cannot obtain credit on a conventional basis. SBA staff will be available at NADA’s Federal Regulatory Outreach Pavilion at the NADA Convention to answer dealers’ questions about the program. Questions may also be directed to the NADA Hotline at (888) 672-5147 between 8:30 a.m. and 4:30 p.m. EST, Monday through Friday. When calling, mention that you are seeking assistance in applying for or obtaining a SBA-guaranteed loan. Click here for the campaign fact sheet.
Source:  NADA Newswire

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Understanding the TALF

A new Web page on nada.org explains in greater detail what the Federal Reserve Board's Term Asset-Backed Securities Loan Facility (TALF) program means to dealers and how they will benefit from the action taken on Dec. 19 to include securities backed by dealer floorplan loans as a qualifying asset class. The information is helpful in explaining this action to dealers and the media. Click here for "Understanding the TALF."
Source:  NADA Newswire

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Click here to see why New Orleans is still America's premier convention city.



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NADA Convention 2009
 
  
Convention Workshops Keyed to Today’s Economy

Now more than ever, dealers need to meet, talk and learn how to survive in tough times. In that spirit, workshops planned for NADA’s upcoming convention in New Orleans will focus on recession-proof business operations. NADA Headlines will spotlight three convention workshops each week.

(1) Seven Powerful Principles to Reshape Your Strengths in Service

(2) How to Instantly get High Survey Scores, High Customer Retention, and Outstanding Product

(3) Blueprint for Hiring Top Performers

Powerful Principles speaker Ted Ings of Auto University will identify principles for strengthening service and delivering a superior customer experience. Participants will learn timely, easy-to-implement processes, best management practices and real-world solutions for boosting service profits under all retail conditions.

Survey Scores speaker Jeff Cowan of Jeff Cowan’s Pro Talk, Inc. will teach dealership personnel how to build rapport and establish long-lasting relationships with customers. Attendees will learn what product benefits interest customers most, when and how to present these benefits to them and what type of close works best.

Blueprint speaker Ricky Wolfe of EFG Companies will cover the behavioral traits of top performers in the retail automotive industry and outline a 7-step system to identify, recruit, hire and retain top performers.

Register onsite for the 2009 NADA Convention & Exposition.

Video Highlights
 
 
'NBC Nightly News with Brian Williams' reports: "Demise of a local car dealership leaves a big dent."



NADA's New Orleans Project: Lusher Charter School
NADA's Return to New Orleans


Click here for more NADA-TV reports.

 
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NADA For more information on NADA, visit www.nada.org or contact NADA, 8400 Westpark Drive, McLean, VA 22102. This email may contain an advertisement of NADA products and services. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org. Questions or comments concerning NADA Headlines content may be directed to media@nada.org.