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Top Stories
Feds Firm on Auto Dealer Oversight
Once Critical of Financial Regulation Bill, Republicans Change Their Tone
Chrysler Posts 'Impressive' Profit on Lower Costs
GM Pays Back Government Loans from US, Canada
Volkswagen's First-Quarter Net Nearly Doubles
GM Offers 5 More Dealers Reinstatement
Toyota Image Rebounds, Worries Linger
Opinion: Son of Sarbox
NADA Marketplace
NADA University Offers Free Sales Webinar: 'Move the Metal with Ongoing Follow-Up' on April 21
Top Stories
Feds Firm on Auto Dealer Oversight

Washington -- The White House said Tuesday it opposes efforts by auto dealers to be exempted from the oversight of a proposed consumer watchdog agency. (Read more)
Source: The Detroit News

Editor's note: With the financial reform bill on the fast track in the Senate, NADA's legislative office is urging dealers to immediately contact both of their Senators and urge them to support the Brownback Amendment. It will prevent a proposed agency from imposing new regulations, oversight, and fees on auto financing transactions making it more difficult and costly for a consumer purchasing a vehicle.  Senators should be reminded that dealers make it possible for people from all walks of life to buy a car or truck even though they couldn’t get a loan from a bank or credit union. Senators can be reached through the Capitol switchboard by calling (202) 225-3121. For arguments in support of the Brownback amendment, click here.

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Once Critical of Financial Regulation Bill, Republicans Change Their Tone

Key Senate Republicans on Tuesday began to back away from their sharp criticism of proposed new financial regulations and expressed optimism that a bipartisan deal on a bill that would drastically change the way Wall Street operates could emerge in the coming days. (Read more)
Source: The Washington Post

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Chrysler Posts 'Impressive' Profit on Lower Costs

Chrysler Group LLC, the U.S. automaker run by Fiat SpA, said it posted a $143 million operating profit in the first three months of the year after cutting costs and introducing a big pickup. (Read more)
Source: Bloomberg

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GM Pays Back Government Loans from US, Canada

General Motors Co. has repaid the $8.1 billion in loans it got from the U.S. and Canadian governments, a move its CEO says is a sign automaker is on the road to recovery. (Read more)
Source: The Associated Press

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Volkswagen's First-Quarter Net Nearly Doubles

FRANKFURT — Volkswagen AG said Wednesday first-quarter net profit nearly doubled, fueled by rising vehicle sales in emerging markets, and reaffirmed its upbeat outlook. (Read more)
Source: The Wall Street Journal

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GM Offers 5 More Dealers Reinstatement

Washington -- General Motors Co. has upped the number of dealers that it has offered to reinstate to 666, from 661 announced previously. (Read more)
Source: The Detroit News

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Toyota Image Rebounds, Worries Linger

Despite six months of recalls, congressional inquiries and serving as the butt of late-night jokes, Toyota is recovering so well that it is situated to overtake General Motors as the No. 1 automaker in the U.S. in April. (Read more)
Source: Detroit Free Press

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Opinion: Son of Sarbox

We hope Republicans stick together, despite Mr. Obama's unpresidential catcalls, because Senator Chris Dodd's bill looks to us like a souped-up version of the Sarbanes-Oxley bill of 2002—that is, a collection of ill-understood reforms whose main achievement will be to make Wall Street even more the vassal of Washington, raise costs across the economy, and do little to reduce financial risks. (Read more)
Source: The Wall Street Journal

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NADA Marketplace
NADA University Offers Free Sales Webinar: 'Move the Metal with Ongoing Follow-Up' on April 21

NADA University is offering a free MarketINSIGHT mini-webinar, “Steps to a Sale: Move the Metal with Ongoing Follow-Up,” on Wednesday, April 21, from 1-2 p.m. ET.  Kathy Kimmel of Cars.com will present a customized approach to providing customers with the information they need to make a purchase. Webinar participants will learn tactics to stay focused beyond the 72-hour push and maintain contact with prospects for as long as it takes to win the sale. Rob Fontano, digital sales and marketing director for Marazzi Motors, and Todd Smith, co-founder and president of ActivEngage, will join Kimmel in the discussion that will provide dealer and consultant perspectives and strategies. MarketINSIGHT mini-webinars, which are open to everyone at no charge, feature experts in different aspects of the automotive industry with information on trends, developments and issues that affect the industry. The webinars are sponsored by NADA University’s Resource Toolbox. To register, click here.
Source: NADA University

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Quotable
 

"I'm convinced now there is a new element of seriousness attached to this, rather than just trying to score political points. ... I think that's a good sign."

    -- Minority Leader Mitch McConnell (R-Ky.), expressing optimism Tuesday that a bipartisan deal on proposed financial regulations would drastically change the way Wall Street operates, The Washington Post, April 21

Video Highlights
 

NADA Chairman Ed Tonkin on the Brownback Amendment to Financial Overhaul Bill


NADA University: 'We Build Champions'


NADA Launches New Online Magazine 

NADA Marketplace 
 
 
Think Spring. Think Savings. Think Lenovo!

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, visit NADA's PC Purchase Program site (member log in required).



Save up to $361 on the HP ProBook 5310m

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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