For optimal viewing through your web browser or PDA, click here.

SPONSORED BY
Click Here
NADA.org
Thursday, May 27, 2010 RSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Top Stories
House Panel Approves Auto-Safety Bill
Senate's Conferees on Financial Overhaul Reflect Core Points of Contention
Auto Safety Bill Called Too Tough
Dealer Sales Show Recovery is Under Way
Magazine Survey Finds Auto Brand Loyalty is Strong
Nissan Builds U.S. Battery Plant Anticipating Electric-Car Boom
Daimler, BYD to Make Electric Car
U.S. Economy: Home Sales, Durables Point to Strength
Top Stories
House Panel Approves Auto-Safety Bill

WASHINGTON—A U.S. House panel approved a far-reaching auto-safety bill Wednesday, requiring that all cars be equipped with advanced-brake systems, "black box" data recorders and other technology in the next few years. (Read more)
Source: The Wall Street Journal

[back to top]

Senate's Conferees on Financial Overhaul Reflect Core Points of Contention

Conferees for the financial regulation overhaul bill who were appointed by Senate leaders on Tuesday reflect the different points of view that will be in play when the House-Senate conference committee convenes next month. (Read more)
Source: CQ Daily

Editor's Note: As the bill moves to the critical stage of the conference committee, the fight to keep auto financing affordable and accessible for car buyers is not yet over. Dealers are urged contact conference committee members to educate them on the importance of the Brownback/Campbell auto dealer language, which keeps unnecessary and burdensome rules from driving up the cost of financing a vehicle. Congress members will be home for the Memorial Day recess until June 6. Dealers must request meetings to thank the senators who supported the Brownback motion (see how your senator voted by clicking here) and to ask them to push the conferees to retain the auto dealer language in the final bill.

[back to top]

Auto Safety Bill Called Too Tough

WASHINGTON -- Amid partisan sparring, a House panel has advanced a sweeping auto safety bill that critics contend is too tough on the industry. (Read more)
Source: The Associated Press

[back to top]

Dealer Sales Show Recovery is Under Way

The six big publicly traded U.S. auto retailers -- which own more than 1,000 auto dealerships and sold about 6% of the nation's 2.5 million new cars and trucks during the first quarter -- have been enjoying big gains in profits. (Read more)
Source: Detroit Free Press

[back to top]

Magazine Survey Finds Auto Brand Loyalty is Strong

DETROIT -- Most car owners will stay loyal to the brand they now drive when they shop for a new vehicle, according to a survey by Consumer Reports magazine. (Read more)
Source: The Associated Press

[back to top]

Nissan Builds U.S. Battery Plant Anticipating Electric-Car Boom

Nissan Motor Co. began building a battery factory next to its main North American auto-assembly plant as Chief Executive Officer Carlos Ghosn predicts U.S. demand for electric vehicles will surge. (Read more)
Source: Bloomberg

[back to top]

Daimler, BYD to Make Electric Car

BEIJING—Germany's Daimler AG, owner of luxury car brand Mercedes-Benz, and one of China's leading battery and auto maker BYD Co. Thursday set up a 50-50-owned new joint venture—Shenzhen BYD Daimler New Technology Co.—to develop a new green-car brand for the Chinese market. (Read more)
Source: The Wall Street Journal

[back to top]

U.S. Economy: Home Sales, Durables Point to Strength

Purchases of new homes jumped in April to a two-year high and orders for durable goods climbed the most in three months, signaling the U.S. economy strengthened before the European debt crisis gathered force. (Read more)
Source: Bloomberg Businessweek

[back to top]

 
Quotable
 
"If you think this bill helps the automotive industry ... I've got a bridge in Brooklyn that I don't own that I'd be happy to sell to you."

     -- Rep. Joe Barton, R-Texas, on a sweeping auto safety bill that critics contend is too tough on the industry, The Associated Press, May 26

Video Highlights
 

Senate: Exempt Dealers from Wall Street Reform Bill (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)

Click Here
Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
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.