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Tuesday, April 6, 2010 RSSSEND TO A FRIENDPRINT
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Top Stories
NADA Issues Legislative Call-to-Action in Support of Brownback Amendment to Financial Regulation Bill
Toyota Faces Legal Dilemma as Well as Record Fine
Toyota Hid Pedal Defect in Violation of U.S. Law, LaHood Says
Toyota VP to Address Safety Recalls and Incentives
Toyota Sees Dangers But Won't Dump Spiffs
Daimler to Ally With Renault, Nissan on Small Cars
GM to Bring 100 Jobs Back at Warren Plant
Click Here for More News from NADAFrontPage.com
NADA Marketplace
NADA University Opens Free Enrollment
Skywerks Integrates NADA Used Car Guide's Values into New Software and Mobile Application
NADA University's Dealer Management Seminars Underway
Top Stories
NADA Issues Legislative Call-to-Action in Support of Brownback Amendment to Financial Regulation Bill

NADA: “Effective federal and state laws governing dealer-assisted financing already exist”

WASHINGTON – Sen. Sam Brownback, R-Kan., is planning to offer an amendment to exempt auto dealers from the financial regulation bill when the Senate considers the proposed legislation as early as next week. The amendment preserves the ability of consumers to access credit at affordable rates. (Read more)
Source: NADAFrontPage.com

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Toyota Faces Legal Dilemma as Well as Record Fine

Already flooded with hundreds of private lawsuits, Toyota now faces a dilemma stemming from safety problems on several popular models: whether to accept a record $16.4 million fine that could be cast as an admission of wrongdoing, or fight the government at the cost of more bad publicity. (Read more)
Source: The Associated Press

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Toyota Hid Pedal Defect in Violation of U.S. Law, LaHood Says

Toyota Motor Corp. “knowingly hid a dangerous defect” that caused its vehicles to accelerate unexpectedly, the U.S. said, for the first time accusing the world’s largest automaker of breaking the law. (Read more)
Source: Bloomberg

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Toyota VP to Address Safety Recalls and Incentives

ROSEMONT, Ill. -- A top Toyota executive is expected to address auto dealers, a day after federal officials said they'll seek a $16 million penalty over safety recalls. (Read more)
Source: The Associated Press

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Toyota Sees Dangers But Won't Dump Spiffs

NEW YORK -- That 41 percent sales surge Toyota reported in March, in a market up just 24 percent, reflected an un-Toyota-like incentive push that -- for now, at least -- the company has no plans to halt. (Read more)
Source: Automotive News

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Daimler to Ally With Renault, Nissan on Small Cars

German auto maker Daimler AG and the partnership of France's Renault SA and Nissan Motor Co. of Japan are expected to announce an alliance as soon as Wednesday that involves cooperation on small cars and cross-shareholdings among the three companies, a person familiar with the matter said. (Read more)
Source: The Wall Street Journal

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GM to Bring 100 Jobs Back at Warren Plant

On the heels of a government report showing the most jobs created in nearly three years, General Motors is also bringing more than 100 hourly employees back to work. (Read more)
Source: Detroit Free Press

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Click Here for More News from NADAFrontPage.com

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NADA Marketplace
NADA University Opens Free Enrollment

Sign up today and receive free services and discounts
McLEAN, Va. -- For automobile and commercial truck dealerships looking for a competitive edge to improve business operations in today’s complex marketplace, NADA University’s new online training and educational resources are designed to prepare dealers and their employees for the challenges ahead. (Read more)
Source: NADA-ATD University

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Skywerks Integrates NADA Used Car Guide's Values into New Software and Mobile Application

Skywerks, a leading provider of high-tech Dealership Management Systems (DMS) software, has integrated NADA Used Car Guide vehicle values into its new iPhone product and soon-to-be-released Deliverance (Independent Dealers) DMS. Click here for more information.
Source: NADA Used Car Guide

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NADA University's Dealer Management Seminars Underway

McLEAN, Va. -- NADA University's four on-site, week-long management seminars on fixed operations and financial management are underway. (Read more)
Source: NADAFrontPage.com

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Quotable
 
“Banks and finance companies that underwrite and service auto loans would be covered by the new Bureau of Consumer Financial Protection, making further regulation of auto dealers costly and unnecessary.”

    -- David Regan, vice president of legislative affairs for NADA, in a legislative call-to-action in support of an amendment Sen. Sam Brownback, R-Kan., is planning to offer to exempt auto dealers from the financial regulation bill, NADAFrontPage.com, April 6


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
 

What About the Dealers?(CNBC)


Auto Dealers Forecast Higher Sales (CNNMoney.com)


Future of the American Auto Industry (Fox Business)


NADA University: 'We Build Champions'


NADA Launches New Online Magazine 

NADA Marketplace 
 
 
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NADA members can receive special pricing and great discounts on a wide range of HP business products. And now, through April 30, save $361 on the HP ProBook 5310m – the notebook named Editor’s Choice by NotebookReview.com, PCMag.com, Computer Shopper and Laptop Magazine. To learn more about these and other HP specials, visit NADA's PC Purchase Program site (member log in required).


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