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Wednesday, Sept. 30, 2009 RSSSEND TO A FRIENDPRINT
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Top Stories
Rep. Hoyer to Facilitate Meeting Between Car Makers, Dealers
Key Lawmaker Supports Appeal Process for Rejected Dealers
Toyota Plans Biggest Recall as Mats May Jam Pedals
GM's Trial Program Selling Cars on eBay Set to End
Pickup Sales Fall in Another Blow to Automakers
Top Stories
Rep. Hoyer to Facilitate Meeting Between Car Makers, Dealers

WASHINGTON -- U.S. House Majority Leader Steny Hoyer (D., Md.) will host a meeting [today] between auto dealers and representatives of General Motors Co. and Chrysler Group LLC aimed at reaching an "equitable agreement" for the thousands of dealers forced to close when the two car makers declared bankruptcy. The meeting will be the first formal sit-down between the dealers and the two car companies. Dealers have been pushing for greater compensation from the car makers. The fact that Rep. Hoyer, the No. 2 House Democrat, is hosting the meeting is significant. It is rare for congressional leadership to wade into a business dispute.
Source: Dow Jones Newswires

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Key Lawmaker Supports Appeal Process for Rejected Dealers

WASHINGTON -- A top lawmaker called on General Motors Co. and Chrysler Group to create an appeals process for rejected dealers that “has credibility to those appealing” the closing of their stores. House Majority Leader Steny Hoyer, the No. 2 Democrat in the House, boosted a key plank in the dealer groups’ proposal the day before they are to open settlement talks with GM and Chrysler. Hoyer’s comments, as well as his statement that he intends to attend [today's] meeting, suggest the Democratic leadership is giving credibility to some key points in the dealer groups’ proposal. “We want to see an appeals process that is legitimate -- legitimate in the sense that it has credibility to those appealing as well as to those making determinations.” Hoyer also said he was “very concerned” that state laws protecting dealers from arbitrary corporate treatment were eclipsed by U.S. bankruptcy law while GM and Chrysler were in Bankruptcy Court earlier this year. Four dealer groups led by the National Automobile Dealers Association have called for rejected dealers to be allowed to appeal for reinstatement to an arbitration panel that applies state franchise laws.
Source: Automotive News
 

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Toyota Plans Biggest Recall as Mats May Jam Pedals

Toyota Motor Corp. plans its biggest U.S. recall because of a defect that may cause floor mats to jam down the accelerator pedal on vehicles including the top-selling Camry and certain Lexus models. The vehicles affected by the recommendation are Toyota’s 2007-2010 Camry sedans, 2005-2010 Avalon sedans, 2004-2009 Prius hybrids, 2005-2010 Tacoma pickups, 2007-2010 Tundra pickups and Lexus’s 2007-2010 ES 350 and 2006-2010 IS 250 and IS 350 sedans.
Source: Bloomberg

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GM's Trial Program Selling Cars on eBay Set to End

DETROIT -- General Motors Co. said Tuesday that it is concluding its partnership with eBay Inc. in which the automaker used the auction site to sell new cars through California dealerships, as it shifts focus to broader, national marketing programs. GM and eBay said the program was slated to end Sept. 30, and was not canceled for lack of participation. GM and eBay did not say how many cars were sold based on the program.
Source: The Associated Press

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Pickup Sales Fall in Another Blow to Automakers

Sales of pickups have declined sharply this year, more than the drop in overall vehicle sales, which are at their lowest in 25 years. Some of the decline can be attributed to the slowdown in home construction and the impact on contractors, who were among the most reliable buyers of pickups. But the biggest drop-off has been in consumers who bought pickups for personal use.
Source: The New York Times

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Quotable
 
"Many of us feel that the dealers were treated relatively without any kind of process -- due process or other process -- to determine whether or not they were the ones that should in fact be closed."

   
-- House Majority Leader Steny Hoyer, D-Md., told reporters at a Washington briefing on Tuesday, Automotive News, Sept. 29


"GM and Chrysler have so far been stringing this process out. But decision day is here."

   
-- Rep. Chris Van Hollen, D-Md., assistant to House Speaker Nancy Pelosi, who will attend today's meeting on dealer rights, Automotive News, Sept. 29

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.
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