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Friday, Aug. 13, 2010 RSSSEND TO A FRIENDPRINT
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Top Stories
Auto Sales Lifted U.S. Retail Sales in July
Car Dealers Face Higher Demand with Short Supply
Ford Results Twice GM's $1.3B Quarter
GM IPO Filing May Slip to Early Next Week: Sources
GM Board Said to Press Whitacre to Go or Stay Years to Aid IPO
New GM Chief Daniel Akerson Not Usual 'Car Guy'
VW Posts Slowest Monthly Sales Growth for 2010
Chrysler Offered Settlements Below $100k to Terminated Dealerships
Top Stories
Auto Sales Lifted U.S. Retail Sales in July

WASHINGTON — Retail sales managed a modest increase in July after two consecutive declines, but the strength was concentrated in higher sales of autos and gasoline. (Read more)
Source: The Associated Press

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Car Dealers Face Higher Demand with Short Supply

Auto sales have been improving over the course of the year, and car dealers are challenged with providing new cars after a long slump. (Read more)
Source: Marketplace

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Ford Results Twice GM's $1.3B Quarter

GM might have earned $1.3 billion during the April-June period, but that's half as much as crosstown rival Ford, which may have more than three times as much debt but also has a longer track record as a profitable automaker. (Read more)
Source: Detroit Free Press

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GM IPO Filing May Slip to Early Next Week: Sources

General Motors Co might delay its filing for an initial public offering to early next week from the initial target date of Friday after the unexpected departure of Chief Executive Ed Whitacre, sources familiar with the situation said on Thursday. (Read more)
Source: Reuters

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GM Board Said to Press Whitacre to Go or Stay Years to Aid IPO

General Motors Co.’s board and bankers pressed Chief Executive Officer Ed Whitacre to either leave the automaker or commit to stay for years more to help them sell investors on the company’s initial public offering, three people with direct knowledge of the talks said. (Read more)
Source: Bloomberg

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New GM Chief Daniel Akerson Not Usual 'Car Guy'

The surprise pick to take over as CEO of General Motors on Sept. 1 is such an unknown that GMers weren't even sure Thursday how to pronounce his last name. (Read more)
Source: USA TODAY

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VW Posts Slowest Monthly Sales Growth for 2010

FRANKFURT - Volkswagen warned business was becoming "difficult" after reporting the weakest monthly growth rate so far this year, while Ford blamed falling European sales on heavy rebates offered by rivals. (Read more)
Source: Reuters

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Chrysler Offered Settlements Below $100k to Terminated Dealerships

WASHINGTON -- Chrysler sought to cut expenses by paying an average settlement of “significantly below” $100,000 to terminated dealerships that filed arbitration claims, a company spokesman said. (Read more)
Source: Automotive News

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Quotable
 
"(GM needs) a leader who is going to unpack his boxes and stay put."

   -- Michael Robinson, senior vice president at Levick Strategic Communications, on GM's soon-to-be CEO Daniel Akerson, who will be the company's fourth CEO since May 2009, USA TODAY, Aug. 13

Video Highlights
 

TARP Inspector General Barofsky on Dealer Closures
(MSNBC) 


NADA University: 'We Build Champions'

NADA Marketplace
 


NADA DATA 2010 Now Available




NADA Convention Hotel Rooms Are Selling Out!

Online registration for the NADA convention is brisk! The Westin Market Street and W hotels have already sold out. The Fairmont, InterContinental and Ritz-Carlton hotels are close to selling out and others 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. For daily updates, find us on Facebook, Twitter and LinkedIn!



 

Save 45%1 on the HP ProBook 4520s

Get the HP ProBook 4520s Notebook PC for just $579 – instant savings of $459. (Search: WZ265UT)  (T&C) Upgrade for just $170 more and get double the memory, a larger hard drive, built-in GOBI™ wireless broadband2 and a free notebook case. (Search: WZ254UT). HP offers FREE online classes with the purchase. Visit HP’s Learning Center for available classes. To learn more about this offer, free U.S. ground shipping3 and other discounted HP products go to NADA's PC Purchase Program site (member log in required).

1 Instant savings valid through 10/31/2010 or while supplies last. Limit three per customer. Pricing is subject to change without notice. (U.S. only)

2 Mobile broadband requires separately purchased service contract. Check with provider for availability and coverage in your area.

3 All orders must be billed and shipped to a U.S. address. Some restrictions apply.


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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