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Top Stories
Feds Take More Steps to Meet Clunker Payment Deadline
Top Senator Urges GM, Chrysler to Negotiate with Closing Dealers
Sylva Car Dealer Wonders Why He's Being Closed
Filing Deadline Approaches for Rejected Dealers in Chrysler Bankruptcy
NADA Convention: Only 2 Days Left to Save Money on Advance Registration
Top Stories
Feds Take More Steps to Meet Clunker Payment Deadline

Transportation Secretary Ray LaHood answers questions on Wednesday during NADA's 34th annual Washington Conference.

WASHINGTON -- Transportation Secretary Ray LaHood said [Wednesday] his department will make extra efforts to pay all cash-for-clunkers claims on time by Sept. 30 ... The Transportation Department has paid or approved 565,690 applications for $2.38 billion as of [Wednesday], the agency said in a statement. “We're going to give the benefit of the doubt to every application,” he said to applause from the National Automobile Dealers Association's annual Washington conference. “We want to pay these people.” LaHood drew praise from ... a number of ... dealers. “This guy's done a helluva job,” said John Pohanka, chairman of the Pohanka Automotive Group in Marlow Heights, Md.
Source: Automotive News

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Top Senator Urges GM, Chrysler to Negotiate with Closing Dealers

WASHINGTON -- A key Senate leader urged General Motors Co. and Chrysler Group LLC to negotiate a compromise with groups representing more than 2,000 closing dealerships. Sen. Richard Durbin of Illinois, the No. 2 Democrat in the Senate, sent letters to GM president and CEO Fritz Henderson and Chrysler CEO Sergio Marchionne Monday urging them to reach a deal on the dealership issue "at the negotiating table." "While I have not foreclosed the option of supporting a legislative solution to address these concerns, I believe very strongly that these issues can and should be resolved outside the legislative process," Durbin said in the letters. We urged the companies to "work cooperatively to resolve the concerns the dealers have raised." The dealer closings sparked outrage in Congress and at a number of hearings. Rep. Heath Shuler, D-N.C., held a hearing Wednesday in the Small Business Committee on the impact on rural communities of dealer closings. Rep. Bobby Bright, D-Ala., called the closings "unconscionable."
Source: The Detroit News

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Sylva Car Dealer Wonders Why He's Being Closed

WASHINGTON -- Daniel Allison doesn't see the logic in General Motors' plan to close his Chevrolet dealership in Sylva, His business continues to be successful, he doesn't cost the company anything, his closing would require GM car owners to travel many miles to get service, and his demise would leave the Ford outlet as the only remaining dealership in the area. Allison, whose family business dates to 1935, brought his frustration to Congress on [Wednesday] during a hearing called by Rep. Heath Shuler, , on how rural communities are affected by car dealership closings. Shuler said he had hoped to have officials from the auto companies testify at the hearings, but none were available. He plans to follow up with the companies regarding the issues raised at Wednesday's hearing before the Small Business Subcommittee on Rural Development, Entrepreneurship and Trade. Shuler is one of 271 House co-sponsors of legislation that would force GM and Chrysler to reinstate franchise agreements with any dealership that requested it.
Source: The Citizen-Times (Asheville, N.C.)

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Filing Deadline Approaches for Rejected Dealers in Chrysler Bankruptcy

Rejected Chrysler dealers are reminded that they have until Sept. 28 to file proofs of claims with the U.S. Bankruptcy Court. For information from NADA regarding the filing of claims, click here. Examples of the types of claims dealers may file are provided in the attached document.
Source: NADA Newswire

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NADA Convention: Only 2 Days Left to Save Money on Advance Registration

There are only two 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 Friday, 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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Quotable
 
"We're going to give the benefit of the doubt to every application. We want to pay these people."   

    -- Transportation Secretary Ray LaHood, responding to questions Wednesday about outstanding "cash-for-clunkers" reimbursement claims, Automotive News, Sept. 16

Video Highlights
 

Crisis Timeline: NADA in High Gear (NADA-TV)


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



NADA's New Buy Now Campaign


 Senate Testimony on Floorplan Loans (NADA-TV) 
 NADA Tackles Industry Crisis (NADA-TV) 
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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