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

SPONSORED BY

NADA.org
Friday, July 16, 2010 RSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Top Stories
Senate Passes Landmark Financial Reform Bill
Democrats Reshape Wall Street
U.S. Auto Industry Objects to Revamped Auto Safety Laws
U.S. Carmakers Top Imports in J.D. Power Survey
Economists Express More Optimism Than General Public
Inventories Rise as Retail Sales Sag
Ford's Alan Mulally Reveals Executive Shake-Up
Obama in Driver's Seat -- Of Electric Cars
Top Stories
Senate Passes Landmark Financial Reform Bill

The Senate gave final approval to a 2,300 page financial reform bill Thursday after over a year of craftsmanship, concessions, and marathon debates. President Obama is expected to sign the bill as early as this weekend, putting into law unprecedented regulations on Wall Street and protection for consumers. (Read more)
Source: US News & World Report

[back to top]

Democrats Reshape Wall Street

Congress finalized sweeping financial overhaul legislation on Thursday, handing President Obama a major legislative victory heading into the midterm elections. The National Automobile Dealers Association (NADA) waged a massive grassroots and lobbying campaign to win an exemption from the new consumer protection regulator. They faced frequent public criticism from the White House, Defense Department and consumer advocates, but overcame the opposition at nearly every stage of the debate. (Read more)
Source: The Hill

Editor's Note: Under the bill passed by Congress, all auto loans and all auto finance sources will come under the new consumer financial protection agency’s jurisdiction. The Federal Trade Commission, Federal Reserve and state consumer protection agencies' rules will still govern dealer-assisted financing. These existing regulations have allowed millions of Americans to finance a vehicle at affordable rates.  For more information, visit www.nada.org/KeepCreditAffordable.

[back to top]

U.S. Auto Industry Objects to Revamped Auto Safety Laws

WASHINGTON – The U.S. auto industry warned Congress today that a revamp of auto safety laws moving in the wake of the Toyota recalls still contained several provisions it objects to, including a $300-million cap on fines. (Read more)
Source: Detroit Free Press

[back to top]

U.S. Carmakers Top Imports in J.D. Power Survey

Ford Motor Co. and General Motors Co. both performed well in J.D. Power and Associates' 2010 Automotive Performance, Execution and Layout Study, a survey released Thursday that focuses on how much owners like their vehicles. (Read more)
Source: The Detroit News

[back to top]

Economists Express More Optimism Than General Public

Economists surveyed by The Wall Street Journal are more optimistic about the direction of the economy than the general public, though they are revising down forecasts for growth and jobs for the next 12 months. (Read more)
Source: The Wall Street Journal

[back to top]

Inventories Rise as Retail Sales Sag

Retail sales declined in June while more goods piled up on business shelves in May, underscoring a dilemma facing the U.S. economy. (Read more)
Source: The Wall Street Journal

[back to top]

Ford's Alan Mulally Reveals Executive Shake-Up

Ford CEO Alan Mulally, who has made remarkably few management changes at the Dearborn automaker since arriving in 2006, announced Thursday that he was changing the roles of a few members of his top management team. (Read more)
Source: Detroit Free Press

[back to top]

Obama in Driver's Seat -- Of Electric Cars

President Obama rode roughshod over the U.S. automobile industry last year to force changes that would make them profitable once again. All that was forgotten (yesterday) afternoon, however, when the president had only the kindest things to say about new electric cars from Ford and Chevrolet. (Read more)
Source: USA TODAY

[back to top]

 
Quotable
 
"My first car didn't look like these. I wouldn't have minded tooling around in one of these when I was 20 years old."

    -- President Obama, after checking out the new electric Ford Focus and Chevrolet Volt during an event in Holland, Mich., USA TODAY, July 15

Video Highlights
 

NADA University: 'We Build Champions'
NADA Marketplace
 
 

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).


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.