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Tuesday, March 2, 2010 RSSSEND TO A FRIENDPRINT
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Top 10 Stories
Senate Panel to Review Toyota Recalls
U.S. Auto Dealers Want EPA Carbon Authority Blocked
Ford Sales Jump 43% to Lead Big 3 Gains; Toyota Reports 8.7% Decline
Store Profits Up in '09; Cost Cuts Help Offset Weak Revenues
Toyota Readies Aggressive U.S. Incentive Offer, Source Says
GM to Recall 1.3M Compacts for Steering Problem
GM Offers Settlement Talks with Rejected Dealers
GM Said to Shake Up Sales Unit, Put Docherty in Marketing Role
Toyota Quality Changes to Focus Sharply on Safety
Hyundai Manages to Raise Both Its Prices and Its Sales
Click Here for More News from NADAFrontPage.com
Top 10 Stories
Senate Panel to Review Toyota Recalls

WASHINGTON -- Toyota Motor Corp. and federal regulators faced more questions from Congress Tuesday over the giant Japanese car company's troubled safety record. "We know something has gone terribly wrong," Senate Commerce Committee Chairman Jay Rockefeller said. (Read more)
Source: The Associated Press

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U.S. Auto Dealers Want EPA Carbon Authority Blocked

Congress should stop the U.S. Environmental Protection Agency from enforcing carbon dioxide limits for new cars and trucks, the National Automobile Dealers Association said. (Read more)
Source: BusinessWeek (Bloomberg)

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Ford Sales Jump 43% to Lead Big 3 Gains; Toyota Reports 8.7% Decline

General Motors Co. sales rose 32 percent last month compared to a year earlier, a rise fueled by stronger fleet, crossover and passenger car sales and an internal decision to stop including slumping sales of castoff brands. (Read more)
Source: The Detroit News

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Store Profits Up in '09; Cost Cuts Help Offset Weak Revenues

The average U.S. dealership's profits rose sharply last year despite lower overall revenues and fewer unit sales industrywide. (Read more)
Source: Automotive News

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Toyota Readies Aggressive U.S. Incentive Offer, Source Says

DETROIT -- Toyota Motor Corp will roll out an aggressive incentive program for U.S. consumers in March, including zero-percent financing for five years and two-year free maintenance, a source briefed on the matter said. (Read more)
Source: Automotive News (Reuters)

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GM to Recall 1.3M Compacts for Steering Problem

DETROIT -- General Motors Co. is recalling 1.3 million Chevrolet and Pontiac compact cars sold in the U.S., Canada and Mexico to fix power steering motors that can fail. (Read more)
Source: The Associated Press

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GM Offers Settlement Talks with Rejected Dealers

WASHINGTON -- General Motors Co. has started to contact rejected dealers with offers to begin settlement discussions to reinstate their franchises. (Read more)
Source: Automotive News

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GM Said to Shake Up Sales Unit, Put Docherty in Marketing Role

General Motors Co. is preparing to announce a reorganization of its sales operations in the second such shake-up since December, three officials familiar with the plan said. (Read more)
Source: Bloomberg

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Toyota Quality Changes to Focus Sharply on Safety

WASHINGTON -- Toyota Motor Corp executives in North America will have more authority over recall decision-making under quality control changes that will also give safety a sharper focus in vehicle design, company officials said on Tuesday. (Read more)
Source: Reuters

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Hyundai Manages to Raise Both Its Prices and Its Sales

LA JOLLA, Calif. -- A funny thing has been happening at Hyundai. The brand known for cheap cars has quietly inched up its sticker prices closer to those of competitors. (Read more)
Source: USA TODAY

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Quotable
 
"Our 172,000 team members and dealers across North America are continuing to go above and beyond to ensure the safety and satisfaction of all of our customers."

   
-- Jim Lentz, president of Toyota Motors Sales U.S.A. Inc., on the Toyota recalls, Automotive News, March 1


"We have some good stories to tell and want to get ahead of things a little quicker in the day." 

    -- GM spokesman Tom Henderson, on GM's decision to announce sales at 9:45 a.m. instead of the traditional 1:45 p.m. announcement -- a move aimed at gaining positive media exposure ahead of rival automakers later today, The Detroit News, March 2

Video Highlights
 

Tonkin: 'Dealers Will Be There'


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NADA Comes Through in a Tough Year (NADA-TV) 


NADA's Trucks for Haiti Campaign Off to Strong Start
 (NADA-TV)

2010 Convention
 

CLICK HERE for Comprehensive Convention News Coverage at NADAFrontPage.com.


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