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Top Stories
Congressional panel says GMAC has no business plan, suggests break up
NADA asks SBA to improve dealer floorplan initiative
March sales begin like a lion, thanks to Toyota, GM incentives
Fiat may need to convince on Chrysler before auto IPO
NADA: Unjustified expansion of FTC powers could harm dealers, consumers
Toyota recalls show agency did its job, NHTSA's Strickland says
Lexus, a Toyota brand, avoids taint from recalls
NADAFrontPage.com launches new auto technology section
Opinion: Braking bad
Click here for more news from NADAFrontPage.com
Top Stories
Congressional panel says GMAC has no business plan, suggests break up

One idea is to move auto finance back to General Motors
WASHINGTON -- GMAC Inc. still has no business plan even after receiving a $17.2 billion investment from the government, and the Treasury Department has been lax in making sure that the bank repays taxpayers, a congressional panel said (Thursday). (Read more)
Source: Automotive News

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NADA asks SBA to improve dealer floorplan initiative

WASHINGTON -- Joined by commercial lending executives from four major national banks, the National Automobile Dealers Association met with the Small Business Administration on Thursday to discuss ways to make the SBA’s dealer floorplan pilot program work more effectively. (Read more)
Source: NADAFrontPage.com

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March sales begin like a lion, thanks to Toyota, GM incentives

DETROIT -- Fresh Toyota and General Motors incentives boosted the U.S. auto market in early March to the fastest sales pace this year... (Read more)
Source: Automotive News

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Fiat may need to convince on Chrysler before auto IPO

Fiat SpA, the Italian carmaker that helped Chrysler Group LLC emerge from bankruptcy, may wait to turn around the U.S. business before deciding on a share sale or spinoff for its automotive division. (Read more)
Source: Bloomberg

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NADA: Unjustified expansion of FTC powers could harm dealers, consumers

Wall Street and housing bust caused the financial crisis—not auto lending
WASHINGTON -- The National Automobile Dealers Association strongly opposes Congressional efforts to remove the safeguards on the Federal Trade Commission’s rulemaking authority because of the commission’s track record of repeatedly overstepping its authority. (Read more)
Source: NADAFrontPage.com

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Toyota recalls show agency did its job, NHTSA's Strickland says

The U.S. National Highway Traffic Safety Administration has done its job policing auto safety well, and Toyota Motor Corp.’s record recalls show that, the agency’s administrator said. (Read more)
Source: Bloomberg

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Lexus, a Toyota brand, avoids taint from recalls

It has been a rough few months for Toyota because of its three big safety recalls. But the automaker’s luxury division, Lexus, appears to have avoided much of the fallout. (Read more)
Source: The New York Times

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NADAFrontPage.com launches new auto technology section

NADAFrontPage.com has launched a new feature to give visitors all the latest news and developments related to auto technology. (Read more)
Source: NADAFrontPage.com

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Opinion: Braking bad
By Richard A. Schmidt

The Obama administration has said that it may require automakers to install “smart pedals” on all new cars. The trouble, unbelievable as it may seem, is that sudden acceleration is very often caused by drivers who press the gas pedal when they intend to press the brake. (Read more)
Source: The New York Times

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Click here for more news from NADAFrontPage.com

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Quotable
 
"The SBA clearly recognizes the importance of helping the retail auto industry. But significant changes need to be made to the agency's dealer floorplan program to make it work."

   
-- NADA Chairman Ed Tonkin, who participated in a meeting Thursday with NADA representatives and commercial lending executives from four major national banks, met with the SBA to discuss ways to make its dealer floorplan pilot program work more effectively, NADAFrontPage.com, March 12

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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