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Tuesday, Aug. 10, 2010 RSSSEND TO A FRIENDPRINT
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Top Stories
Bill To Protect Auto Dealers Signed By (Mich.) Governor
Marchionne Defends Lean Inventory, Dealership Cuts
New Jersey Dealer Sues Chrysler Over Reinstatement Terms
Fleets Fuel Surge at GM, Chrysler
Chrysler Sees Smaller Loss But Tough Work Remains
Honda to Recall 428,000 Vehicles in N. America
Jaguar Owner Tata Jumps to 19-Year High After Profit
Ninety-Year-Old Auto Dealer Still Works Six Days a Week
Top Stories
Bill To Protect Auto Dealers Signed By (Mich.) Governor

Legislation designed to protect the rights of auto dealerships suffering from automaker bankruptcy was signed by (Michigan) Governor Jennifer Granholm this month. (Read more)
Source: WSJM

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Marchionne Defends Lean Inventory, Dealership Cuts

About 80 percent of Chrysler Group's 2,315 dealerships are profitable, the highest level since 2003, CEO Sergio Marchionne says. And, he says, the percentage of profitable dealerships proves that Chrysler's decision to limit production and keep inventory lean is bearing fruit. (Read more)
Source: Automotive News

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New Jersey Dealer Sues Chrysler Over Reinstatement Terms

WASHINGTON -- A shuttered New Jersey dealership became the third in the U.S. to sue Chrysler Group after winning in arbitration but objecting to the company's conditions for reinstatement. (Read more)
Source: Automotive News

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Fleets Fuel Surge at GM, Chrysler

Internal documents obtained by Automotive News show that much of the recovery at the two companies comes from sales to daily rental fleets. (Read more)
Source: Automotive News

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Chrysler Sees Smaller Loss But Tough Work Remains

DETROIT -- Chrysler is stanching its losses, seeing increased demand for its cars and trucks and preparing for a major product rollout 14 months after emerging from bankruptcy protection. But the automaker is far from healthy, and its CEO says Chrysler has more tough work ahead as it tries to make a profit and pay off government loans. (Read more)
Source: The Associated Press

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Honda to Recall 428,000 Vehicles in N. America

Honda Motor Co said on Monday it was recalling more than 428,000 vehicles in the United States and Canada because of a defect that could cause the cars to roll away if they are parked incorrectly. (Read more)
Source: Reuters

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Jaguar Owner Tata Jumps to 19-Year High After Profit

Tata Motors Ltd., the Indian owner of Jaguar Land Rover, jumped to the highest in more than 19 years after posting a first-quarter profit on demand for luxury sport-utility vehicles and $80,000 XF sedans. (Read more)
Source: Bloomberg

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Ninety-Year-Old Auto Dealer Still Works Six Days a Week

If you would like to know what it was like to unload new cars from boxcars and sell them off the showroom floor in the 1930s, just talk to Gordon Williams. The 90 year-old owner of Hoskins Ford in the north central British Columbia community of Smithers has been with the dealership since 1935. (Read more)
Source: The Edmonton Journal (Edmonton, Alberta, Canada)

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Quotable
 
"We have been able to restrain ourselves from stuffing the distribution channel and forcing our dealers to keep exorbitant amounts of stock. Now we're ready to receive an onslaught of products."

    --  Chrysler CEO Sergio Marchionne, who says lean inventories will help dealers prepare to stock up on a wave of new products coming in the third and fourth quarter, Automotive News, Aug. 10

Video Highlights
 

TARP Inspector General Barofsky on Dealer Closures
(MSNBC) 


NADA University: 'We Build Champions'

NADA Marketplace
 


NADA DATA 2010 Now Available




Online Registration for 2011 NADA Convention & Expo Now Open!

Early registration and housing for the 2011 NADA Convention & Expo is officially open! Join your peers in San Francisco, Feb. 5-7. There are many new and exciting workshops, speakers and exhibitors. Click here to register. For daily updates, find us on Facebook, Twitter and LinkedIn!

NADA Convention Hotels Are Filling Up Quickly

Online registration for the NADA convention is brisk! The Westin San Francisco Market Street hotel has already sold out and other hotels are filling up quickly. Sign up today and take advantage of the early registration rates before Sept. 10. Click here for registration and hotel information.


 
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Lenovo Offers August Specials

NADA members and their staff can now save an additional 5% off the sale price of ThinkPad T510, ThinkPad L512 and ThinkPad Edge 15 and 10% off the sale price of the ThinkPad W510. Use eCoupon USXBACK2SCHOOL at checkout. This offer expires August 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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