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Monday, May 10, 2010 RSSSEND TO A FRIENDPRINT
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Top Stories
Dealers Claim Reform Bill Could Hamper Auto Lending
Reid Seeks to Fast-Track Financial Overhaul Bill
Opinion: Main Street Lending Needs Help, Not Harm
Auto Makers Reverse Skid
Chrysler to Reward Dealers
GM Speeds Up Repair of Dealer Network
LaHood: Toyota's Making Progress
Talks Advance on Estate Tax
Obama Sends Congress Small Business Lending Bill
Top Stories
Dealers Claim Reform Bill Could Hamper Auto Lending

But White House, consumer groups are pushing back
WASHINGTON — The nation’s auto dealers say a poll they commissioned shows Americans don’t want dealer loans regulated under a financial reform bill that may be voted on by the Senate this week. Click here for the NADA press release on the poll. (Read more)
Source: Detroit Free Press

Editor's Note: With a vote on the Brownback amendment expected this week, dealers and their employees are urged to contact both their senators today and ask for their support. To make the case to your members of the Senate that dealer-assisted financing should not be subject to the new bureau, visit www.NADA.org/Brownback for key arguments. Senators can be reached through the Capitol switchboard at (202) 224-3121. If you receive feedback on how your senators will vote or have any questions, contact NADA’s legislative affairs office at (800) 563-1556 or legislative@nada.org.

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Reid Seeks to Fast-Track Financial Overhaul Bill

(Majority Leader Harry M. Reid) has said he hopes to wrap up the financial overhaul bill by the end of the week. ... that leaves lawmakers just three days to hammer out the remaining differences on topics as complex as regulating the $600 trillion financial derivatives market. (Read more)
Source: The Washington Post

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Opinion: Main Street Lending Needs Help, Not Harm

Unless dealers are removed from the Wall Street reform bill, the progress we have made locally to rebuild our economy will be hindered. (Read more)
Source: The Daily Progress (Charlottesville, Va.)

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Auto Makers Reverse Skid

After one of the worst downturns in its history, the auto industry appears headed for a recovery and at least a couple years of strong profit growth. (Read more)
Source: The Wall Street Journal

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Chrysler to Reward Dealers

DETROIT — Chrysler Group LLC plans to reward about three-quarters of its dealers with financial payouts of as much as $200,000 under a new program geared toward boosting customer satisfaction. (Read more)
Source: The Wall Street Journal

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GM Speeds Up Repair of Dealer Network

General Motors Co. has a new strategy in dealer relations, led by its CEO and North America boss: Clean up the mess left by the old GM. (Read more)
Source: Automotive News

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LaHood: Toyota's Making Progress

Better communication skills noted; fines still possible
U.S. Transportation Secretary Ray LaHood said during a visit to Toyota’s world headquarters today that the automaker’s top leaders were making sincere efforts to improve its safety. (Read more)
Source: Detroit Free Press

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Talks Advance on Estate Tax

Lawmakers are looking to give taxpayers the option of prepaying their estate tax, sources close to the issue told The Hill. (Read more)
Source: The Hill

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Obama Sends Congress Small Business Lending Bill

WASHINGTON -- The Obama administration has sent Congress a proposal to create a $30 billion support program to unfreeze credit for the nation's small businesses. (Read more)
Source: The Associated Press

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Quotable
 
"The Wall Street reform bill threatens to limit financing options for customers who do not have a banking relationship and rely on a dealer to help them find a suitable loan."

    -- NADA Chairman Ed Tonkin, Detroit Free Press, May 9

Video Highlights
 

Dealers to Senators: We Are Not Banks


CBS Evening News: NADA Chairman Says Dealers Are Not Banks


C-SPAN: Sen. Brownback on Need to Exclude Auto Dealers from Financial Reform

NADA Marketplace 
 

NADA University: 'We Build Champions'

Red Flags Deadline Draws Near

With the revised June 1, 2010 enforcement date for the FTC Red Flags Rule rapidly approaching, NADA University has three ways you can find out if your dealership is adequately prepared. (Read more)


 
Think Speed. Think Savings. Think Lenovo!

NADA members may now use eCoupon USXMAYSAVINGS for an additional 5 percent off the sale price of the T410, X201, Y Series IdeaPad and K Series IdeaCentre. To see this promotion and all discounted products from Lenovo
, visit NADA's PC Purchase Program site (member log in required).

 

Only $549 for HP’s ProBook 4415s Notebook

Isn't it time to replace your worn-out PC? NADA members can save $388 on HP’s ProBook 4415s Notebook PC while supplies last. Included are the new Windows® 7 Professional, a full 14.0-inch display and a full-sized keyboard. To see this promotion and all discounted products from HP, visit NADA's PC Purchase Program site (member log in required).

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NADA For more information on NADA, visit www.nada.org or contact NADA, 8400 Westpark Drive, McLean, VA 22102. This email may contain an advertisement of NADA products and services. Any opinions or statements contained herein do not necessarily reflect the views of NADA. Factual errors are the responsibility of the listed publication. If you are a franchised new-car or -truck dealer and would like to become a member of NADA, please visit the Join NADA section of www.nada.org. Questions or comments concerning NADA Headlines content may be directed to media@nada.org.