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Top Stories
About 600 Car Dealers Try to Get Businesses Back
Toyota Recalls 2.3 Million Vehicles to Fix Gas Pedals
Former GM Canada Dealers in Class Action Vs Company, Law Firm
VW Dealers Feel Charged Up
Top Stories
About 600 Car Dealers Try to Get Businesses Back

Michael Wolf is taking a big gamble that he can convince an arbitrator to give him back his Chrysler-Jeep dealership. He's among about 600 car dealers nationwide who have signed up to appeal decisions by General Motors Co. or Chrysler Group LLC to revoke their franchise agreements and shut them down. Wolf and his wife have owned Wolf Motor Car Co. for 22 years in Plymouth, Wis. ... The arbitration association says its people will consider a dealership's profitability, the manufacturer's business plan, the dealership's economic viability, and whether the dealer met objectives outlined by the automaker. India Johnson, an arbitration association senior vice president who is in charge of the hearings, said she expects 700 to 800 dealers to seek binding arbitration before the deadline.
Source: The Associated Press

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Toyota Recalls 2.3 Million Vehicles to Fix Gas Pedals

Toyota Motor Corp. will recall about 2.3 million vehicles in the U.S. to fix sticking accelerator pedals, following its biggest-ever recall in the country last year for a similar danger. The automaker, which said in November it would notify owners of 4.2 million Toyota and Lexus vehicles of a defect that may cause floor mats to jam the pedal, said in a statement yesterday that about 1.7 million autos are subject to both voluntary recalls. “Our investigation indicates that there is a possibility that certain accelerator pedal mechanisms may, in rare instances, mechanically stick in a partially depressed position or return slowly to the idle position,” Irv Miller, group vice president for U.S. sales, said in the statement.
Source: Bloomberg

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Former GM Canada Dealers in Class Action Vs Company, Law Firm

A group of former car dealers has launched a class-action lawsuit against General Motors Co. in Ontario, claiming that its Canadian unit breached franchise laws when it obtained agreements from the dealers it chose to eliminate from its dealership network as part of its 2009 bailout. The suit seeks ... damages on behalf of 215 Canadian GM auto dealers terminated in connection with the bailout, according to a statement by law firm Sotos LLP, which is representing the lead plaintiff.
Source: Dow Jones Newswires

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VW Dealers Feel Charged Up

HERNDON, Va. -- Volkswagen dealers who didn't believe the automaker had much of a future in the United States have changed their minds after seeing the company's growth plans, an official says. (Stefan Jacoby, Volkswagen Group of America's president) said dealers who were little motivated and skeptical about the automaker's U.S. outlook in the past are seeing things differently. "Dealer satisfaction is the highest in 10 years," Mr. Jacoby said earlier this month to journalists at VW's American headquarters outside Washington, D.C. Volkswagen ... plans to double U.S. sales in two to three years to up to 450,000 vehicles. By 2018, the auto company wants to sell 1 million VWs and Audis in the U.S.
Source: Chattanooga Times Free Press (Chattanooga, Tenn.)

Editor's Note: Stefan Jacoby will deliver a keynote address during the opening session of NADA's 93rd annual Convention & Expo on Saturday, Feb. 13. For more information or to register, visit www.nada.org/convention.

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Quotable
 
"I think many dealers have a very good chance of getting their dealerships back."

   
-- Alan Spitzer, head of the Spitzer Auto Group with dealerships in Ohio, Pennsylvania and Florida, has filed for 10 separate arbitrations for seven closed Chrysler dealerships and three GM dealerships, The Detroit News, Jan. 22
2010 Convention
 


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

Advance Registration Deadline Extended to Jan. 27

To provide dealers and their managers with more time to sign up for the convention, the advance registration deadline — which includes a $50-$75 savings — has been extended to Wednesday, Jan. 27. If you have not yet registered, now is the time. Click here to r
egister today.

CLICK HERE FOR MORE CONVENTION STORIES.




REGULATORY UPDATES


 

Get More from Your Technology in 2010 with HP

• 5% off select desktop, notebook and workstation purchases over $299; and 10% off purchases over $999
• $1,000 in free solutions, services and software with every hardware purchase
• 0% HP financing available

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



Savings from Lenovo

NADA members and staff can save up to 35% on Lenovo notebooks and 10% on select ThinkPad laptops, such as the new Lenovo ThinkPad Edge. To learn more about these specials, visit NADA's PC Purchase Program site (member log in required).

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