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Top Stories
NADA Convention: Only 10 Days Left to Save Money on Advance Registration
Opinion: Closing Dealerships? Be Careful
Mercedes Makes a Big Move; Entire S-Class Could Be Hybrids
Ford Fuses Global Marketing Efforts
GM Board Confronts Questions About Opel
U.S. Taxpayers Unlikely to Recover Auto Investment, Panel Says
Top Stories
NADA Convention: Only 10 Days Left to Save Money on Advance Registration

There are only 10 days remaining to take advantage of the money-saving “early bird” registration rates for the NADA Convention & Exposition in Orlando, Fla. from Feb. 13-15. Fees will increase after Sept. 18, so don’t delay. Did you know a brand new Executive Track of speakers has been slated for the NADA convention? They will cover topics on the economy, financial markets, organizational change and managing the new generation and business growth. It’s another reason for you to “go to know!” Click here to register today.
Source: NADA Newswire

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Opinion: Closing Dealerships? Be Careful
By Keith Crain

Driving through Ohio and Michigan recently, I was stunned to see so many new-car dealerships that were closed, abandoned or selling only used cars. There were too many not to notice in cities large and small. I suppose nothing can be done about the closings that we have seen and will be seeing in the months ahead. As General Motors executes the closing of about 1,350 dealerships across the United States -- and more in Canada -- a lot of communities will be devastated. If there were a competitive event to measure the philanthropy of businesses in America, the local car dealer would always take the top prize. If you go to a Little League or youth hockey game or any other locally organized sporting event, the sponsors always seem to be local auto dealers. But I am convinced that within a few years, many of those empty dealerships will be filled with other brands, some of which may not even exist today. Annual U.S. sales of 10 million cars and trucks are only temporary. It won't take long for the numbers to climb once the nation and the world are out of this recession. As that is happening, we'll see new brands in old places, and that will mean new jobs in America.
Source: Automotive News
 
Editor's Note: Keith Crain is publisher and editorial director of Automotive News.

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Mercedes Makes a Big Move; Entire S-Class Could Be Hybrids

Mercedes-Benz, caught like other automakers in a regulatory squeeze to post higher fuel efficiency, may make the next generation of its flagship S-Class sedans all hybrids, a company official said Monday. It would be the first time an entire conventional model line has been converted to an alternative powertrain. "The modular configuration is so versatile that we're seriously exploring the possibility of equipping the next generation S-Class models entirely with hybrid drivelines," said spokesman Dan Barile. The next generation of the S-Class is due in 2014.
Source: USA TODAY

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Ford Fuses Global Marketing Efforts

Carmaker hopes for big savings by having regions work together
DEARBORN, Mich. -- Ford Motor Co. has saved hundreds of millions of dollars by combining its worldwide design and engineering operations into a single, global product development organization. Now, it wants to do the same thing with marketing. Before, Ford's marketing and public relations organizations in each of these regions would have developed their own campaigns in a vacuum. Now, they are working together to identify common themes and share their best ideas. "Never has that happened before at Ford," [Henry Ford's great-great-granddaughter] Elena Ford told The Detroit News. "It will drive a ton of savings."
Source: The Detroit News

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GM Board Confronts Questions About Opel

General Motors Co. Chief Executive Frederick "Fritz" Henderson won't make a specific recommendation on what to do with the company's Opel unit when he meets with GM directors [today], people familiar with the matter said. The new board ... could ultimately decide to postpone a decision on the German operations until later in September, these people said. While such a move would provide more time to devise a plan for Opel, it could jeopardize billions in financing that Germany is offering in an effort to save jobs, one person involved in the negotiations said.
Source: The Wall Street Journal

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U.S. Taxpayers Unlikely to Recover Auto Investment, Panel Says

U.S. taxpayers are unlikely to recover their $81 billion investment in General Motors Co. and Chrysler Group LLC and were “left in the dark” on specifics of a decision to aid automakers, a congressional panel said. The Treasury Department should consider placing its GM and Chrysler ownership stakes into an independent trust to prevent “political pressure and government interference,” the Congressional Oversight Panel said in a report today. “Even if no direct conflict exists, a trust could prevent the use or appearance of political influence in the government’s ownership,” the panel concluded. The Treasury Department’s “more likely” scenarios show lower recoveries for early aid to GM and Chrysler and a “reasonably high” chance of return of funding “advanced as part of the restructurings, [Treasury Secretary Timothy] Geithner said in the statement.
Source: Bloomberg

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Quotable
 
"If there were a competitive event to measure the philanthropy of businesses in America, the local car dealer would always take the top prize."

    -- Keith Crain, publisher and editorial director of Automotive News, on how dealership closings hurt communities throughout America, Automotive News, Sept. 7
Video Highlights
 

NADA Chairman on Success of 'Clunkers' (Fox Business)


Helping Dealers Left Out of New GM (Fox Business)



Media Coverage: The Tragedy of Dealer Closings (NADA-TV)



NADA's New Buy Now Campaign



No Dent in Demand for Some U.S. Cars (NBC)



NADA on Floorplan Credit Crisis (NADA-TV)


 Senate Testimony on Floorplan Loans (NADA-TV)
 Banks Turning on American Car Dealers? (WTNH)
 NADA Tackles Industry Crisis (NADA-TV) 
 Demise of Dealerships Leaves Big Dent (NBC)
NADA on the Front Lines  (NADA-TV)


Click here for more video reports.
2010 Convention
 
 

Did you know?

As a bonus for attending the NADA convention, you can attend two workshop sessions on Friday afternoon before the convention starts at no extra charge!

Click here for more money saving ideas or visit www.nada.org/convention and click the $$$ Savings icon. And for airline discounts, check out our airfarewatchdog in the money saving section.

Be in the know at the 2010 NADA Convention & Expo in Orlando, Fla., Feb. 13-15.

 
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