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Thursday, Aug. 19, 2010 RSSSEND TO A FRIENDPRINT
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Top Stories
A Year After Bankruptcy, GM Plans Stock Sale
Filing Is Just 1st of Many Steps in GM Going Public
Dealers, Analysts Digest General Motors IPO and Whitacre's Departure
Business Groups Concentrate Their Backlash Against Tax-Form Mandate
NADA Co-Sponsors Dealer Day Conference at 2010 SEMA Show
'Auto Financing Road Map' Paves the Way to Financial Literacy for Teens
Mazda to Recall 500,000 Cars for Power-Steering Flaw
VW to Bring Back $85,000 Phaeton to U.S. After Flop
Toyota Evokes James Bond in New Push for Sports Cars
Top Stories
A Year After Bankruptcy, GM Plans Stock Sale

Thirteen months ago, General Motors was fighting for its life in bankruptcy court. Now, the automaker is laying the groundwork to sell stock to the public once again with the eventual goal of ridding itself of government ownership. (Read more)
Source: The Associated Press

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Filing Is Just 1st of Many Steps in GM Going Public

Automaker plans to offer common stock and Class B preferred shares
One task done, hundreds more to go before GM can call itself a successful public company again. (Read more)
Source: Detroit Free Press

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Dealers, Analysts Digest General Motors IPO and Whitacre's Departure

General Motors Chairman and CEO Ed Whitacre’s decision to step down on Sept. 1 remains on the minds of GM dealers and stakeholders, some of whom said they are still eager to buy GM stock as soon as it’s available. (Read more)
Source: Detroit Free Press

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Business Groups Concentrate Their Backlash Against Tax-Form Mandate

Business lobbyists are stepping up their effort to get Congress to repeal a paperwork mandate in the new health care law, gathering more than 1,000 signatures for a letter that says the rule will be a costly burden for employers and will “heavily penalize honest taxpayers.” (Read more)
Source: Congressional Quarterly

Editor's Note: NADA supports efforts to repeal the 1099 form requirement. NADA has joined numerous other business organization in letters of support to the sponsors of legislation to repeal the requirement, Sen. Mike Johanns, R-Neb., (S. 3578) and Rep. Dan Lungren, R-Calif., (H.R. 5141). Click here to read NADA's letter to Sen. Johanns. Click here for the letter to Rep. Lungren.

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NADA Co-Sponsors Dealer Day Conference at 2010 SEMA Show

Dealers attending the information-packed sessions receive a free online course from NADA University's Learning Hub, 'Accessorizing Your Way to Additional Profits'
NADA is co-sponsoring the third annual Dealer Day conference at the SEMA 2010 convention at the Las Vegas Hilton on Nov. 3. "Sales of specialty-equipment accessories represent a $27 billion a year market, and it's growing," says NADA Chairman Ed Tonkin. Click here for more information or to register. (Read more)
Source: NADAFrontPage.com

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'Auto Financing Road Map' Paves the Way to Financial Literacy for Teens

WASHINGTON -- When it comes to educating high school students about auto financing – a key part of the car shopping experience – teachers now have a free guide explaining the entire process, the Auto Financing Road Map, to add to their curriculum. The guide, developed by Americans Well-informed on Auto Retailing Economics (AWARE), provides students with a greater understanding of auto financing, the options available to them and their parents, and the significant responsibility of owning a car. (Read more)
Source: AWARE

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Mazda to Recall 500,000 Cars for Power-Steering Flaw

Mazda Motor Corp expects to recall more than half a million vehicles worldwide due to power-steering flaws, a company spokesman said, its largest recall ever as Japanese carmakers come under rising scrutiny for quality problems. (Read more)
Source: Reuters

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VW to Bring Back $85,000 Phaeton to U.S. After Flop

Volkswagen AG plans to bring back the $85,000 Phaeton to the U.S., where the sedan flopped and was withdrawn in 2006, as part of the German carmaker’s aim of tripling its share of the world’s second-largest market by 2018. (Read more)
Source: Bloomberg

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Toyota Evokes James Bond in New Push for Sports Cars

As the world’s largest carmaker tries to rebuild its reputation for quality following record recalls, President Akio Toyoda, a racing fan, has said he wants to add more fun to his cars. (Read more)
Source: Bloomberg

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Quotable
 
"The good news is the IPO registration is another step back towards profitability and just getting on with the business of building good cars and selling them."

   
-- Jerry Seiner, owner of Chevrolet, Cadillac, Buick and GMC dealerships in Salt Lake City, Utah, Detroit Free Press, Aug. 18
Video Highlights
 

NADA University: 'We Build Champions'

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UPDATE: NADA Convention Hotel Rooms Are Selling Out!

Online registration for the NADA convention is brisk! The Westin Market Street, W and Ritz-Carlton hotels have already sold out. The Fairmont (only upgraded tower rooms remain) and InterContinental hotels are close to selling out. 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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