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Wednesday, March 17, 2010 RSSSEND TO A FRIENDPRINT
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Top 10 Stories
GM Won't Seek GMAC Reunion
Many GM Dealers Still Don't Know Whether They're Staying Open
Honda to Recall 412,000 U.S. Odysseys, Elements for Brakes
Senate Passes $17.6 Billion Jobs Bill
Fed Signals Optimism Over U.S. Economy
BMW Sees Significant Rise in 2010 Pretax Profit
Porsche Profit Slumps 83%, Debt Falls
GM to Maintain Hydrogen Push as Plug-In Volt Readied for Sale
Facebook Friend Helps Car Dealer Get Answers
Toyota's Chief Returns to His Blog
Click Here for More News from NADAFrontPage.com
Top 10 Stories
GM Won't Seek GMAC Reunion

General Motors Co. won't try to regain control of former finance arm GMAC Financial Services, an idea the auto maker had considered as a way to bolster sales and make itself more attractive to potential investors, two people familiar with the matter said. (Read more)
Source: The Wall Street Journal

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Many GM Dealers Still Don't Know Whether They're Staying Open

Despite weeks of anticipation since General Motors Co. announced it would keep hundreds of dealers targeted for closure, it is still not clear which showrooms will be granted a reprieve. (Read more)
Source: The Los Angeles Times

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Honda to Recall 412,000 U.S. Odysseys, Elements for Brakes

DETROIT -- Honda Motor Co will recall about 412,000 vehicles in the United States to address the risk that brake pedals may feel soft and slip closer to the floor over time. (Read more)
Source: Reuters

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Senate Passes $17.6 Billion Jobs Bill

The Senate passed Wednesday by a vote of 68-29, a $17.6 billion bill (H.R. 2847) that includes billions in tax cuts aimed at encouraging businesses to hire new workers, clearing the measure for President Obama's signature. (Read more)
Source: The Hill

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Fed Signals Optimism Over U.S. Economy

The U.S. Federal Reserve gave a slightly more upbeat outlook for the country’s economy on Tuesday, but said interest rates would remain close to zero for an "extended period." (Read more)
Source: The Financial Times

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BMW Sees Significant Rise in 2010 Pretax Profit

MUNICH -- BMW, the world's biggest premium carmaker, expects a significant rise in pretax profit this year driven by new models like its 5-Series and better results from its motorbikes, autos and financial businesses. (Read more)
Source: Reuters

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Porsche Profit Slumps 83%, Debt Falls

FRANKFURT -- Porsche Automobil Holding SE on Wednesday reported an 83% drop in net profit for its fiscal first half and stuck to its forecast of a full-year loss, but it cut its net debt largely due to the proceeds from an investment in its core sports-car operations by Volkswagen AG. (Read more)
Source: The Wall Street Journal

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GM to Maintain Hydrogen Push as Plug-In Volt Readied for Sale

General Motors Co. aims to commercialize autos fueled by hydrogen even as the largest U.S. carmaker prepares to begin selling the battery-powered Chevrolet Volt plug-in vehicle late this year. (Read more)
Source: Bloomberg

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Facebook Friend Helps Car Dealer Get Answers

Messages back and forth on Facebook last week between Mark Reuss, the new president of General Motors North America, and Marhofer Chevrolet sales manager Chris Moorhead played a role in clearing up confusion about the future of Summit County's oldest Chevrolet franchise. (Read more)
Source: The Akron Beacon Journal

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Toyota's Chief Returns to His Blog

TOKYO -- Akio Toyoda, the head of Toyota, is blogging again. In a post titled “Together with our customers and car fans,” Mr. Toyoda — who goes by the name “Morizo” on Toyota’s Gazoo e-commerce and networking site in Japan — offered yet another apology for his company’s recalls involving 8.5 million vehicles worldwide. (Read more)
Source: The New York Times

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Click Here for More News from NADAFrontPage.com

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Quotable
 
"Dude, you're in."

   
-- Mark Reuss, president of General Motors North America, in an instant message response on Facebook to Chris Moorhead, sales manager of Marhofer Chevrolet in Stow, Ohio, about the dealership's reinstatement offer, The Akron Beacon Journal, March 15

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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