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Wednesday, July 7, 2010 RSSSEND TO A FRIENDPRINT
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Top Stories
VW Picks New Porsche CEO in Revamp
Chrysler Dealers Wary of Fiat Franchises
Fiat 500 Hits (A Few) Chrysler Showrooms Soon
As June Auto Sales Dip, Prospects for Full Year Become Clouded
Chrysler's Hemi Engine Loses Favor
Geely Wins EU Antitrust Approval to Buy Volvo Cars
Top Stories
VW Picks New Porsche CEO in Revamp

Volkswagen AG announced a broad management reshuffle, including the replacement of Porsche AG's chief executive, aimed at tightening its grip on the sports car maker and expanding a truck-making alliance under VW's leadership. (Read more)
Source: The Wall Street Journal

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Chrysler Dealers Wary of Fiat Franchises

Chrysler Group LLC dealers expressed caution Tuesday about adding Fiat franchises, concerned whether they'll sell enough small cars to warrant the cost of a separate dealership. (Read more)
Source: The Detroit News

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Fiat 500 Hits (A Few) Chrysler Showrooms Soon

Chrysler Group is inviting some of its 2,300 dealers to bid for the right to sell the Fiat 500 minicar when it hits the U.S. late this year, and eventually to sell other Fiat models. (Read more)
Source: USA TODAY

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As June Auto Sales Dip, Prospects for Full Year Become Clouded

June's gloomy car sales – sliding more than 10 percent from May – cloud the outlook for any robust auto-industry recovery this year. (Read more)
Source: Dallas Morning News

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Chrysler's Hemi Engine Loses Favor

As part of an effort to create a greener and more refined image, Chrysler and its new managers from Fiat SpA are demoting the Hemi, according to dealers who have been briefed by the company. (Read more)
Source: The Wall Street Journal

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Geely Wins EU Antitrust Approval to Buy Volvo Cars

European Union regulators on Tuesday approved Chinese carmaker Geely to buy Sweden's iconic Volvo Cars. The European Commission said it sees no antitrust problems with Zhejiang Geely Holding Co.'s $1.8 billion acquisition of Volvo Cars from Ford Motor Co. because the takeover won't give either company the power to damage rivals. (Read more)
Source: Bloomberg Businessweek

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Quotable
 
"It's not business as usual, and we understand that. But we're pretty bullish."

    -- Brian Huth, general manager of Sam Pack's Five Star Ford in Carrollton, Texas, which bucked the trend in June, selling 20 percent more vehicles than it did in May, The Dallas Morning News, July 7

Video Highlights
 

Charitable Foundation's Mallon on Dealers Giving Back (Comcast Newsmakers)
NADA Marketplace
 

NADA University: 'We Build Champions'

 

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).


Hot Summer and Hot Savings from Lenovo

The ThinkPad Edge 14" laptop with Intel processor reduced from $984 is now only $591.89 using eCoupon USXSUMMERSAVINGS. NADA Members and their staff can also save an additional 5 percent off the award-winning ThinkPad T410, the Thin and light ThinkPad X201 and the New ThinkPad Edge 14. This offer ends July 31. 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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