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Top Stories
GM May Restore 'Hundreds' of Dealerships, Whitacre Says
GM to Scale Back Presence at NADA Convention
Ford Making 'Tremendous Progress' With Turnaround, Mulally Says
Spyker to Make New Offer for Saab
Getting Ready for the Recovery--the 2010 NADA Convention and Expo
NADA Convention & Expo
National Time Magazine 'Dealer of the Year' to be Named at NADA Convention in Orlando
NADA University Set to Launch at Convention in February
NADA Offers Dealers $200 Voucher as an Extra Incentive for Attending Convention
NADA Enhances Convention Experience Through Social Media
Top Stories
GM May Restore 'Hundreds' of Dealerships, Whitacre Says

CEO says outcome of arbitration process shouldn't risk future
General Motors Co. Chairman and CEO Edward Whitacre Jr. said Wednesday he expects "hundreds" of dealers could be reinstated during dealer arbitration hearings. But he said he doesn't think the process is a risk to GM's future. He conceded GM probably "made some mistakes" in how it selected dealers for closure. "It was a pretty arbitrary cutoff point, but you have to do it that way," Whitacre said. "It probably caught some good ones and probably missed a bad one or two." The possibility of a few hundred dealers being reinstated is significant, an industry analyst said. "That would signify GM wasn't terribly forthright in the criteria they used in determining which ones they closed to begin with," said auto analyst Aaron Bragman of IHS Global Insight. "If it could stand up in court, it wouldn't be an issue."
Source: The Detroit News

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GM to Scale Back Presence at NADA Convention

WASHINGTON -- General Motors Co., which battled the National Automobile Dealers Association to a draw on dealer-reinstatement legislation, is dramatically scaling back its participation at the NADA convention in Orlando next month. GM will not have an exhibit on the show floor for the first time in years, GM spokeswoman Ryndee Carney said in an interview Wednesday. She said GM's diminished participation had nothing to do with NADA's role in getting a new law passed that gives rejected dealerships the right to seek reinstatement through neutral arbitration. Rather, GM already has given dealers an unusual amount of product and marketing information in briefings during the summer and fall, she said. In one set of briefings that went above and beyond what GM normally gives its dealers, executives went on a nine-city tour last fall in which they discussed new products, programs and sales tactics, the spokeswoman said.

"Actually, we're pleased that GM and all of the other auto manufacturers are participating in the NADA convention," NADA spokesman David Hyatt said. "Despite unprecedented challenges and tough economic realities, GM has still decided to participate in the convention in a number of ways." Hyatt added: “These events provide GM multiple opportunities to interact with its dealers, meet with NADA leadership and present its vision of GM's future.” In Washington this fall, NADA joined forces with other dealer groups to propose that GM and Chrysler Group offer neutral arbitration to rejected dealerships and also provide cash compensation. In the end, after lobbying by NADA and other dealer groups, President Barack Obama signed legislation last month that would give rejected GM and Chrysler dealerships access to neutral arbitration under criteria more favorable to dealers than that envisioned by automakers.
Source: Automotive News

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Ford Making 'Tremendous Progress' With Turnaround, Mulally Says

Ford Motor Co. Chief Executive Officer Alan Mulally said investments in the company’s car lineup and efforts to pay back debt are helping the automaker make “tremendous progress” in its turnaround effort. “During this worst recession, we chose to increase our investment in new vehicles that people want and value,” he said in an interview from the Consumer Electronics Show in Las Vegas. “Now we are delivering on that product promise, and we’re actually paying the loans back and improving our balance sheet.” Ford also is banking on bringing more technology into its cars. It’s using CES as a showcase for plans to put social networking, Web browsing and iPod-style thumb controls in 80 percent of models by 2015.
Source: Bloomberg

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Spyker to Make New Offer for Saab

AMSTERDAM -- Spyker NV will make a new offer for General Motors Co.'s Swedish Saab brand (today), the Dutch sports-car maker's chief executive said. He declined to say how Spyker plans to finance its offer, but said he is confident the new offer will be accepted. However, GM CEO Ed Whitacre told reporters Wednesday that a deal to save Saab is unlikely and that the company expects to begin shutting the Swedish car maker down by the week's end. "We said, 'Just show up with the money and you can have it,' and they haven't shown up with the money," Mr. Whitacre said.
Source: The Wall Street Journal

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Getting Ready for the Recovery--the 2010 NADA Convention and Expo

With so much going on in the industry, it is incumbent upon dealers to stay informed and network with each other to determine how to proceed in the year ahead. The best place to do this is the 2010 NADA Convention & Expo in Orlando Florida. NADA, however, is more than just a good place to learn how to better run your dealership; it is also simply the best place in the world for auto dealers to network and share ideas, as well as find business partners and vendors that can help grow their businesses. Sure you could skip this year’s show and save a few bucks, but what will it cost you in the long run?
Source: Dealer Marketing Magazine

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NADA Convention & Expo
National Time Magazine 'Dealer of the Year' to be Named at NADA Convention in Orlando

NEW YORK -- Forty-five new-car dealers from around the country have been nominated for the national Time Magazine Dealer of the Year Award. The award is presented by Time Magazine in partnership with Goodyear. This is the 41st annual Time award recognizing dealers who exhibit exceptional business performance combined with distinguished community service. It will be presented during the opening session of the NADA Convention & Expo in Orlando on Saturday, Feb 13. A panel of faculty members from the University of Michigan’s Graduate School of Business Administration will select the winner. Click here for the list of nominees.
Source: NADA Newswire

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NADA University Set to Launch at Convention in February

NADA University, an unprecedented online education and cutting-edge resource for NADA and ATD dealer members to enhance their business performance, will launch at the NADA Convention & Expo in Orlando, Feb. 13-15. Demos and access credentials will be provided on site at the NADA University booth (#1801) and the NADA University studio. The launch will include substantial training and free services for members. LightSpeed VT, a global leader in interactive-based training systems focused on the auto industry, will deliver NADA University to users in both online and classroom-based solutions. NADA University encompasses four "Automotive Centers of Excellence," which are the NADA/ATD Academy, Learning Hub, 20 Group and Resource Toolbox. Click here for more details.
Source: NADA Newswire

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NADA Offers Dealers $200 Voucher as an Extra Incentive for Attending 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 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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Quotable
 
"It was a pretty arbitrary cutoff point, but you have to do it that way. It probably caught some good ones and probably missed a bad one or two."

   
-- Ed Whitacre, GM chairman, said Wednesday he expects "hundreds" of dealers could be reinstated during arbitration hearings, adding that GM probably "made some mistakes" in how it selected dealers for closure, The Detroit News, Jan. 6


"... we're pleased that GM and all of the other auto manufacturers are participating in the NADA convention. Despite unprecedented challenges and tough economic realities, GM has ... decided to participate in the convention in a number of ways."

   
-- David Hyatt, NADA vice president of public affairs, responding to the news that GM is scaling back its participation at the NADA convention, Automotive News, Jan. 6

2010 Convention
 


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

Did you know?

NADA Convention Pre-Registration Ends in 8 Days!

Register today! For more information, contact expo@nada.org.

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


 

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