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Top Stories
GM Plans to Reinstate 661 Dealers to Shore Up Sales
Whitacre Wants More Sales -- NOW!
Toyota Chief Sees U.S. Sales Recovery Ahead
Sales Are Climbing Slowly, But Transaction Prices Surge
Consumer Credit Posts First Rise in a Year
Toyota Disputes Critic Who Blames Electronics
GMAC's Carpenter Hears Dealers' Concerns
Opinion: Why It's So Hard for Toyota to Find Out What's Wrong
Click Here for More News from NADAFrontPage.com
Top Stories
GM Plans to Reinstate 661 Dealers to Shore Up Sales

General Motors Co. plans to reinstate 661 dealers and may enter arbitration with as many as 400 outlets as the biggest U.S. automaker attempts to stem declines in domestic market share. (Read more)
Source: Bloomberg

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Whitacre Wants More Sales -- NOW!

CEO's moves aimed at a quick spurt in GM volume
DETROIT -- If you're puzzled by the serial reorganizations of General Motors Co.'s sales and marketing staffs, here's the simple explanation: Ed Whitacre wants to sell more cars -- NOW. (Read more)
Source: Automotive News

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Toyota Chief Sees U.S. Sales Recovery Ahead

Toyota Motor Corp's president said on Monday he believed that sales in North America could recover in March after a sharp decline last month when the automaker suspended sales of some recalled models. (Read more)
Source: Reuters

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Sales Are Climbing Slowly, But Transaction Prices Surge

U.S. sales are still sputtering along at about two-thirds of pre-recession levels. And unemployment is pain-fully high at about 10 percent. So that means customers are paying less for vehicles, right? Wrong. (Read more)
Source: Automotive News

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Consumer Credit Posts First Rise in a Year

Total U.S. consumer credit rose $4.96 billion in January, its first rise in a year and the largest for any month since mid-2008, Federal Reserve data showed on Friday. (Read more)
Source: Reuters

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Toyota Disputes Critic Who Blames Electronics

NEW YORK — Toyota Motor Corp. plans to try to undercut suggestions that its electronics systems caused the sudden acceleration problems that led to the recall of more than 8 million vehicles. (Read more)
Source: The Associated Press

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GMAC's Carpenter Hears Dealers' Concerns

Since Michael Carpenter became CEO of GMAC Financial Services in November, he has been listening to dealers to fine-tune GMAC's business model. (Read more)
Source: Automotive News

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Opinion: Why It's So Hard for Toyota to Find Out What's Wrong
By Frank Ahrens

I won't lie to you: I was not a good engineering student. That's one of the reasons I went into journalism. But I managed to acquire a bachelor of sciences in mechanical engineering, and the recent Toyota hearings on Capitol Hill brought back a lot of memories. Specifically, memories about how engineers figure out why mechanical things fail. (Read more)
Source: The Washington Post

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Click Here for More News from NADAFrontPage.com

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Quotable
 

"We are eager to restore relationships with our dealers and get back to doing what we do best -- selling cars and taking care of customers."

   
-- Mark Reuss, president of GM North America, which is in the process of contacting 661 dealers targeted for shutdown to offer their franchises back, The Washington Post, March 6


"We appreciate the good faith effort that GM is showing and hope that this carries forward in its continuing settlement and arbitration discussions with the remaining wind-down dealers."

   
-- Ed Tonkin, NADA chairman, on GM's plan to reinstate dealers, CNNMoney.com, March 5


"There were false economics in terminating that many dealers. If they restore what they’ve lost and put back into business dealers that were financially viable, then they will gain sales."

   
-- Maryann Keller, president of Maryann Keller & Associates in Stamford, Conn., says GM's dealer reinstatement plan "is a good thing," Bloomberg, March 6


 "You're talking almost 40,000 people going back to work, potentially."

   
-- U.S. Rep. Steve LaTourette, R-Ohio, who helped establish the arbitration process for terminated dealers, on GM's plan to reinstate 661 dealers, The New York Times, March 6

Video Highlights
 

Profile: New NADA Chairman Ed Tonkin


NADA Launches New Online Magazine 

2010 Convention
 

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



Save Up to $150 Instantly

NADA members are eligible for special pricing and discounts on a wide range of HP business products. Now through March 31, members can save up to $150 on select HP Photosmart and HP Officejet printers. To learn more about these and other HP specials, visit NADA's PC Purchase Program site (member log in required).


 
Savings from Lenovo

NADA members can save an additional 5% now on ThinkPad X100e, Edge and SL410 series laptops through March 31 with the eCoupon USXMARCHSAVINGS at checkout. For discounts on other Lenovo products, visit NADA's PC Purchase Program site (member log in required).

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