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Top Stories
NADA Statement in Response to Chrysler's Announcement to Reinstate Dealerships
GM to Pay $1 Billion Toward Loan
Economy in U.S. Preserves Biggest Gain in Six Years
Recalls Triple as Electronics Run Cars, Swamp U.S. Regulators
Toyota Creates Team for U.S. Quality and Recalls
Geely Chairman Travels to Sweden to Finalize Volvo Deal
Spyker Aims to Increase Saab Output 18 Percent
Click Here for More News from NADAFrontPage.com
NADA-ATD Marketplace
NADA University's Dealer Management Seminars Begin in April
Last Day to Save on Advance Registration for the ATD Convention
Top Stories
NADA Statement in Response to Chrysler's Announcement to Reinstate Dealerships

WASHINGTON -- The following is a statement by Ed Tonkin, chairman of the National Automobile Dealers Association (NADA):

“The announcement by Chrysler today of its intent to reinstate 50 dealers is a move in the right direction. This, coupled with previous contracts or Letters of Intent awarded to 36 other closed dealerships, brings the total to 86 dealerships that could be reinstated. NADA views this as a good faith effort, and hopes that this carries forward in Chrysler’s continuing settlement and arbitration discussions with the other terminated dealers.”
Source: NADAFrontPage.com

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GM to Pay $1 Billion Toward Loan

DETROIT -- General Motors Co. expects to make a $1 billion loan repayment to the U.S. Treasury on Wednesday as part of its plan to repay the government ahead of schedule, a person familiar with the plan said. (Read more)
Source: The Wall Street Journal

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Economy in U.S. Preserves Biggest Gain in Six Years

The U.S. economy expanded at a 5.6 percent annual rate in the fourth quarter of 2009, and corporate profits climbed, setting the stage for gains in employment that may broaden and preserve the expansion. (Read more)
Source: Bloomberg

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Recalls Triple as Electronics Run Cars, Swamp U.S. Regulators

U.S. vehicle recalls related to electronic systems have tripled and investigations quadrupled in the past 30 years following a surge in the use of computers to control functions such as acceleration. (Read more)
Source: Bloomberg

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Toyota Creates Team for U.S. Quality and Recalls
Toyota's North America production and engineering company said today it has formed a Quality Task Force to help restore Toyota's quality reputation. (Read more)
Source: Automotive News

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Geely Chairman Travels to Sweden to Finalize Volvo Deal

The chairman of China's Zhejiang Geely Holding Group Co. traveled to Sweden Friday to finalize his company's acquisition of Ford Motor Co.'s Volvo car unit, a landmark deal for China's burgeoning car industry that also poses serious challenges for Geely. (Read more)
Source: The Wall Street Journal

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Spyker Aims to Increase Saab Output 18 Percent

Spyker Cars said its newly acquired Saab unit expects to increase its output by about 18 percent this year, as it takes on the challenge of bringing an automaker many times its size back to profitability. (Read more)
Source: Reuters

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Click Here for More News from NADAFrontPage.com

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NADA-ATD Marketplace
NADA University's Dealer Management Seminars Begin in April

McLEAN, Va. -- NADA University has announced that four on-site, week-long management seminars focused on fixed operations and financial management will begin in April. (Read more)
Source: NADAFrontPage.com

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Last Day to Save on Advance Registration for the ATD Convention

Advance registration for ATD Convention & Expo in Orlando, Fla., ends Friday, March 26. Don't miss the opportunity to book now and save. Online registration and housing is available at www.atd.org/convention.
Source: ATD

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Quotable
 
"NADA views this as a good faith effort, and hopes that this carries forward in Chrysler’s continuing settlement and arbitration discussions with the other terminated dealers."

   
-- NADA Chairman Ed Tonkin in response to Chrysler's announcement to reinstate dealers, NADAFrontPage.com, March 26 


Dealers Urged to Take Floorplan Survey

NADA remains focused on expanding the availability of financing for dealers to purchase vehicle inventory. All dealers are strongly encouraged to take a few moments to participate in a brief, yet important, online survey. The data will be used to provide federal officials with a clear view of the state of wholesale lending to dealerships, the availability floorplan lines of credit and its impact on dealers. Click here to take the survey

Video Highlights
 

NADA University: 'We Build Champions'


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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