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Tuesday, Dec. 15, 2009 RSSSEND TO A FRIENDPRINT
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Top Stories
CEO: GM to Repay Government Loans by End of June
Bill Ford Praises Obama for Auto Bailout
Spyker Said to Lead Saab Bids as Beijing Buys Assets
NADA Convention
NADA Enhances Convention Experience Through Social Media
NADA Offers Dealers an Extra Incentive to Attend Upcoming Convention
NADA Marketplace
Scam Alert: Individuals Are Posing as NADA Insurance Reps.
Follow NADART on Twitter
Top Stories
CEO: GM to Repay Government Loans by End of June

General Motors chairman and CEO says GM plans to repay all of its $6.7 billion in government loans by the end of June. Ed Whitacre Jr. says the company plans to make quarterly installments starting this month with a $1.2 billion payment. He says it could repay sooner but that hasn't been decided. In addition to the loans, GM has received $45.3 billion in aid from the government which was converted into an equity stake.
Source: The Associated Press

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Bill Ford Praises Obama for Auto Bailout

WASHINGTON -- Ford Motor Co. Executive Chairman Bill Ford Jr. said Monday President Barack Obama was right to rescue domestic competitors General Motors and Chrysler. Ford told reporters in Washington that he met briefly with Obama in the Oval Office, and said he praised the $62 billion bailout of GM and Chrysler. "I complimented him on the way he's handled the industry," Ford said, noting that his company supported the GM and Chrysler rescues because they provided stability to suppliers that all three companies use. "Preventing the collapse of the supply base was something that they did swiftly and forcefully, and it worked." Bill Ford said the company is "thrilled with how we're doing. We're gaining market share across the globe," he said. "We're making money now, which is nice after a period of not doing so."
Source: The Detroit News

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Spyker Said to Lead Saab Bids as Beijing Buys Assets

General Motors Co. has adjusted its plan for Saab to focus on selling the Swedish unit, with Spyker Cars NV emerging as a frontrunner, according to people familiar with the situation. Spyker, the Dutch maker of $235,000 sports cars, was negotiating details of an agreement with GM over the weekend in Zurich... GM separately reached a deal to sell some technologies for Saab’s 9-3 and 9-5 models to Beijing Automotive Industry Holding Co., the Chinese company said (Monday).
Source: Bloomberg

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NADA Convention
NADA Enhances Convention Experience Through Social Media

Follow the latest convention developments and interact with attendees, workshop presenters and exhibitors on LinkedIn, Facebook, Twitter and YouTube
To enhance the experience for attendees, NADA—for the first time—has launched a social media campaign using the popular LinkedIn, Facebook, Twitter and YouTube platforms. “By using these social media sites, dealers and exhibitors can get a head start on what to expect at the convention,” says Steve Pitt, NADA vice president of conventions and expositions. “Attendees will receive breaking news announcements. Dealers and their managers will also be able to interact online with instructors before workshops begin and get a jump-start on reviewing exhibitor products and services that can improve their businesses.” To follow convention developments on the social media sites, visit www.nada.org/convention and click on the icons.
Source: NADA Newswire

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NADA Offers Dealers an Extra Incentive to Attend Upcoming Convention

As an added incentive to attend NADA's upcoming Convention & Expo, all dealers and their managers will receive a $200 voucher when they check in at the convention in Orlando. The $200 voucher can be used to purchase any product or service from any exhibitor on the expo floor during the three-day convention, February 13-15, 2010. "During these challenging times, this is our way of showing our support for dealers around the country and the future of their businesses," says Steve Pitt, NADA vice president of conventions and expositions.
Source: NADA Newswire

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NADA Marketplace
Scam Alert: Individuals Are Posing as NADA Insurance Reps.

NADA has learned that individuals from the Dealer Life Group in Florida are approaching dealers and identifying themselves as life insurance salesmen for NADA. NADA Insurance does NOT employ salesmen to call on dealers, and has NOT authorized the Dealer Life Group or anyone else to sell insurance for NADA. Contact Lin Peacock, senior director of NADA Insurance Plans and Programs, at (703) 821-7229 immediately if you are approached by a life insurance salesman who claims to be representing NADA Insurance.
Source: NADA Newswire

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Follow NADART on Twitter

Did you know that NADA Retirement Administrators, Inc. (NADART) is on Twitter? NADART provides its followers with the latest information that will benefit the administration of any type of retirement plan, as well as assist plan participants as they save for their future. Join in on the latest discussions concerning 401(k) and retirement savings plans and follow recent updates involving DOL and IRS regulations, new government initiatives, savings tips, available plan features and industry news by visiting www.Twitter.com/NADART.

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Video Highlights
 

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


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



NADA's 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
 


NADA Chairman: Convention is the 'Must-Attend Event'

Did you know?

All dealers and their managers who attend the NADA convention in Orlando, Feb. 13-15, will receive a $200 voucher at registration for the purchase of any product or service from any exhibitor on the expo floor. During these challenging times, this is NADA's way of demonstrating support for your business future. Register today! For more information or questions, contact expo@nada.org.

Be in the know
at the NADA convention Feb. 13-15.


Holiday savings from Lenovo


Lenovo continues to provide NADA members and their employees with exceptional pricing during the holiday season. Save up to 42 percent on select PC products. Lenovo's systems are designed for the way you work. To take advantage of this offer, visit NADA's PC Purchase Program site (member login required.) This offer expires Dec. 17.


 

Get more from your technology in 2010 with HP

• 5 percent off select desktop, notebook, and workstation purchases over $299
• 10 percent off select desktop, notebook, and workstation purchases over $999
• $1,000 in free solutions, services, and software with every hardware purchase
• 0 percent HP financing -- keep your cash and still update your technology

And, for a limited time, upgrade to free two-day shipping. This offer expires Jan. 31. Terms and conditions apply. To learn more about these and other specials offered to NADA members, visit NADA's PC Purchase Program site (member login required).

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