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Thursday, Aug. 12, 2010 RSSSEND TO A FRIENDPRINT
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Top Stories
G.M. Chief Stepping Down After Report of Strong Quarter
GM Reports $1.3 Billion Second-Quarter Profit
G.M. Said to Be Close to Stock Offering
Car Dealers Make Most of Less on Their Lots
Report: Overall Consumer Spending Tepid in July
4 Ford F-150 Engines Set to Lift Pickup Sales
NADAFrontPage Spotlights State and Metro TIME Dealers of the Year Each Week
Opinion: GM Done Fighting with Dealers Over Closures; Now Fighting Over Facility Upgrades
Top Stories
G.M. Chief Stepping Down After Report of Strong Quarter

DETROIT — In a surprise development, General Motors’ chairman and chief executive, Edward E. Whitacre Jr., announced Thursday that he would step down as chief executive on Sept. 1 and be succeeded by Daniel F. Akerson, a G.M. board member and a managing director of the Carlyle Group. (Read more)
Source: The New York Times

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GM Reports $1.3 Billion Second-Quarter Profit

DETROIT—General Motors Co. reported Thursday a $1.3 billion second-quarter profit in stark contrast to a year ago when the auto maker lost nearly $13 billion as it slid into bankruptcy. (Read more)
Source: The Wall Street Journal

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G.M. Said to Be Close to Stock Offering

DETROIT — General Motors could file for an initial public offering of stock as soon as Friday, allowing the government to begin selling its stake in the automaker within several months, people briefed on the matter said Wednesday. (Read more)
Source: The New York Times

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Car Dealers Make Most of Less on Their Lots

Here's an unexpected result of the Great Recession: Washington area auto dealers don't have enough new cars to sell and are begging automakers for more. (Read more)
Source: The Washington Post

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Report: Overall Consumer Spending Tepid in July

NEW YORK -- American shoppers dug in their heels in July, bad news for the stalling economy and worse for struggling retailers. (Read more)
Source: The Washington Post

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4 Ford F-150 Engines Set to Lift Pickup Sales

Ford's U.S. pickup sales gains are already double those of the rest of the auto industry, but the Dearborn automaker is expecting an even bigger boost after it offers four new engines in its 2011 F-150. (Read more)
Source: Detroit Free Press

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NADAFrontPage Spotlights State and Metro TIME Dealers of the Year Each Week

A new TIME Dealer of the Year feature has been added to NADAFrontPage.com to highlight a different state or metro winner each week. (Read more)
Source: NADAFrontPage.com

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Opinion: GM Done Fighting with Dealers Over Closures; Now Fighting Over Facility Upgrades
By Jim Henry

General Motors declared it was finished with its retail channel makeover and in the same announcement, announced a makeover of the actual dealerships themselves. The twin agenda items illustrate the ambivalent relationship between car companies and their dealers. (Read more)
Source: BNET

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Quotable
 
“I believe we’ve accomplished what we set out to do. We’re going to have a smooth seamless transition here.”

    -- Edward E. Whitacre Jr., General Motors’ chairman and chief executive, who announced Thursday that he would step down as chief executive on Sept. 1, The New York Times, Aug. 12

Video Highlights
 

TARP Inspector General Barofsky on Dealer Closures
(MSNBC) 


NADA University: 'We Build Champions'

NADA Marketplace
 


NADA DATA 2010 Now Available




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