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Friday, May 21, 2010 RSSSEND TO A FRIENDPRINT
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Top Stories
Senators to Vote Monday on Dealer Provision in Financial Overhaul Bill
Regulatory Reform Clears Senate, Heads To Conference
Looser Credit Boosts Auto Sales as Bar Lowered for Buyers
Obama Mandates Rules to Raise Fuel Standards
Congress Criticizes Toyota on Glitches
A Mixed Bag in Store for Consumers
Auto-Safety Bill Clears House Panel; Cap on Penalties Tabled
Chrysler Will Probably Hold an IPO Next Year, Marchionne Says
Top Stories
Senators to Vote Monday on Dealer Provision in Financial Overhaul Bill

WASHINGTON – On Monday the Senate will have an opportunity to vote in favor of Sen. Sam Brownback’s (R-Kan.) approach to preserving dealer-assisted financing as an affordable option for car buyers. (Read more)
Source: NADAFrontPage.com

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Regulatory Reform Clears Senate, Heads To Conference

The Senate passed legislation Thursday night that would overhaul the nation's financial regulatory system, adopting a harsher measure against major banks than contained in a House-passed version. (Read more)
Source: CongressDaily

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Looser Credit Boosts Auto Sales as Bar Lowered for Buyers

Easier credit for buyers ... is fueling a recovery in new U.S. auto sales that are on pace for the fastest annual gain in 26 years. (Read more)
Source: Bloomberg

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Obama Mandates Rules to Raise Fuel Standards

WASHINGTON — President Obama ordered his government on Friday to develop tougher fuel efficiency standards for cars and trucks, advancing the fight against climate change without waiting for Congress. (Read more)
Source: The New York Times

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Congress Criticizes Toyota on Glitches

WASHINGTON — Toyota Motor Corp. on Thursday came under heavy criticism from Congress about its efforts to find glitches that could cause its vehicles to accelerate suddenly, although it left Capitol Hill with the tacit support of U.S. safety regulators. (Read more)
Source: The Wall Street Journal

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A Mixed Bag in Store for Consumers

Free credit reports will include numerical credit scores, and fees could decline for using some automated-teller machines. The bad news for consumers: Banks are expected to respond to the regulatory shake-up with more fees on basic services such as checking accounts. (Read more)
Source: The Wall Street Journal

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Auto-Safety Bill Clears House Panel; Cap on Penalties Tabled

WASHINGTON — A House subcommittee passed the most sweeping auto-safety legislation in a decade in the wake of Toyota’s unintended acceleration problems while two key provisions were withdrawn and postponed for consideration. (Read more)
Source: Automotive News

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Chrysler Will Probably Hold an IPO Next Year, Marchionne Says

Chrysler Group LLC Chief Executive Officer Sergio Marchionne said the carmaker may undertake an initial public offering next year and he prefers that General Motors Co. goes first. (Read more)
Source: Bloomberg

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Quotable
 
“Monday’s vote is an opportunity to put the Senate on record supporting Main Street businesses and supporting consumers."

    — David Regan, NADA vice president for legislative affairs, referring to Monday's vote on the Brownback motion to instruct conferees to adopt the House language to remove auto dealers from the Wall Street reform bill, NADAFrontPage.com, May 21

Video Highlights
 

Dealers Unite on Brownback Amendment
(NADA-TV)


Sen. Brownback at May 19 News Conference
(NADA-TV)


Car Dealers and Wall Street Reform? (CNN)


NADA Chairman Says Dealers Are Not Banks (CBS Evening News) 


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

NADA Marketplace
 

NADA University: 'We Build Champions'


 
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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