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Tuesday, June 29, 2010 RSSSEND TO A FRIENDPRINT
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Top 10 Stories
Byrd's Death Leaves Bank Bill in Doubt
GM IPO to Cut US Stake, Raise New Capital - Sources
Toyota Hikes Domestic Output By 22% In May For 7th Straight Month
U.S. Economy: Income Gains Boost Spending, Savings
Auto Industry Crisis Rocks Advertising Business
Tesla Raises $226 Million in 1st U.S. Carmaker IPO in 54 Years
Silicon Valley Becoming Driving Force for Electric Vehicles
Auto Market Recovery Will Be Slow, Says CarMax CEO
Ford Explorer's Curve-Control Technology to Start
NADAFrontPage.com Now Provides Real-Time Updates for Congressional and Governor Races
Top 10 Stories
Byrd's Death Leaves Bank Bill in Doubt

Sen. Robert Byrd’s death Monday cast serious doubt on whether Senate Democrats can pass the Wall Street reform bill this week. The combination of Byrd’s passing and early negative reactions to the conference report by at least one key Republican, Sen. Scott Brown of Massachusetts, signals Democrats face the real possibility of falling several votes shy as they try to finish the bill. (Read more)
Source: Politico

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GM IPO to Cut US Stake, Raise New Capital - Sources

DETROIT - The planned initial public offering of General Motors Co is likely to leave the U.S. government with a minority stake while also raising new funds for the automaker, people briefed on the still-developing plans said. (Read more)
Source: Reuters

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Toyota Hikes Domestic Output By 22% In May For 7th Straight Month

TOKYO -- Toyota Motor Corp. boosted domestic output in May from the same month last year for the seventh straight month, another sign that a world-wide demand pickup managed to cancel out the latest safety concerns. (Read more)
Source: Dow Jones Newswires

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U.S. Economy: Income Gains Boost Spending, Savings

Incomes grew faster than spending in May, making it possible for American households to simultaneously increase savings and support the economic recovery. (Read more)
Source: Bloomberg Businessweek

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Auto Industry Crisis Rocks Advertising Business

NEW YORK -- The automotive advertising business used to be known for its stability, owing to accounts with long learning curves that placed a premium on experience and scale that made it tough to shift quickly. But the tumult that's rocked the auto industry in recent years has changed all that, as evidenced by three iconic automotive brands representing a collective $600 million in measured media spending swapping ad agencies or going into play just last week. (Read more)
Source: Advertising Age

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Tesla Raises $226 Million in 1st U.S. Carmaker IPO in 54 Years

Tesla Motors Inc., the electric car company that hasn’t posted a profit, raised $226 million selling shares above its forecast price range in the first initial public offering of a U.S. automaker in a half century. (Read more)
Source: Bloomberg Businessweek

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Silicon Valley Becoming Driving Force for Electric Vehicles

Tuesday's scheduled stock market debut for Palo Alto-based Tesla Motors Inc., the first by a U.S. automaker since Ford Motor Co.'s in 1956, is the highest-profile sign of the region's role as a vibrant hub of the growing electric-vehicle industry. (Read more)
Source: Los Angeles Times

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Auto Market Recovery Will Be Slow, Says CarMax CEO

RICHMOND, Va. — The head of the Richmond-based used-car dealership chain told shareholders at its annual meeting in Richmond that customers are starting to return and sales are improving, but not at pre-recession levels. (Read more)
Source: The Associated Press

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Ford Explorer's Curve-Control Technology to Start

Ford said Monday it will introduce a curve-control system on its 2011 Ford Explorer that will swiftly apply brakes to help drivers stay on course if they enter a curve too fast. (Read more)
Source: Detroit Free Press

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NADAFrontPage.com Now Provides Real-Time Updates for Congressional and Governor Races

Now you can go to the Politics section of NADAFrontPage.com for the latest on House and Senate and Governor races around the country. With a combined 471 U.S. Senate and House seats up for grabs this November, it’s important for auto dealers and dealership employees to stay informed. (Read more)
Source: NADAFrontPage.com

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Quotable
 
"The Politics section of NADAFrontPage.com is an excellent source for real-time updates on all things political. It's timely. It's thought-provoking. And it's free."

    -- David Hyatt, NADA vice president for public affairs, NADAFrontPage.com, June 29

NADA Marketplace
 

NADA University: 'We Build Champions'

NADA University Expands On-Site Seminars to West Coast; Announces Updated Webinar Schedule

NADA University, the new comprehensive education and training resource for dealers and their staffs, has expanded its on-site seminars to the West Coast, and has announced its schedule of training webinars for the second half of 2010. The new West Coast home for NADA University’s on-site seminars is Cerritos College in Long Beach, Calif. The recently opened Automotive Partners Building, a state-of-the-art, 10,000 sq. ft. training facility, was funded in part by the Southland Motor Car Dealers Association and Greater Los Angeles New Car Dealers Association. (Read more)


 

Savings from HP on a ProBook 4425s Notebook

NADA members can buy HP’s ProBook 4425s notebook for only $619. Add a 20” LCD Monitor and space-saving stand for a total of $972. To see this promotion and all discounted products from HP, visit NADA's PC Purchase Program site (member log in required).


Save up to $700 with Lenovo

Lenovo is offering up to $700 off select PCs with its June promotion. Just use eCoupon USXDADSGRADS at checkout. To see this promotion and all discounted products from Lenovo, visit NADA's PC Purchase Program site (member log in required).

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