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Top Stories
Why GM Stock May Lure Brave Despite Bad Economy
G.M. Chief Sees I.P.O. As Exit Sign
GM IPO Filing Cites Business Risks, Including Smaller Dealer Network
New Dealership Opportunities Still Exist
GM Names Hyundai's Perry to Lead Chevrolet Marketing
J.D. Power Lowers U.S. Auto Sales Forecasts
Honda's Dream of U.S. Production Protects Profit
ASE Announces NADA 2011 Visit to San Francisco
Top Stories
Why GM Stock May Lure Brave Despite Bad Economy

NEW YORK -- Would you buy stock in a company that has hemorrhaged tens of billions of dollars for years and run through three bosses in quick succession just because it's turned a profit for a few months? That is essentially what General Motors will ask investors to do when it takes itself public again with one of the largest initial stock offerings ever. (Read more)
Source: The Associated Press

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G.M. Chief Sees I.P.O. As Exit Sign

DETROIT — Since he became chief executive of General Motors in December, Edward E. Whitacre Jr. has lived for the day that G.M. would become a public company again and shed the stigma of government ownership. Now that G.M. has finally filed for its initial public offering, Mr. Whitacre is hoping consumers will quickly forgive and forget its $50 billion bailout by American taxpayers. (Read more)
Source: The New York Times

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GM IPO Filing Cites Business Risks, Including Smaller Dealer Network

GM said its plan to shrink its U.S. dealer network and drop several brands could undermine sales and market share. (Read more)
Source: Automotive News

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New Dealership Opportunities Still Exist

The retail side of the business has been grim the past couple of years, with hundreds of dealerships failing or being dumped by their manufacturers. But there are still opportunities for entrepreneurs to sign on as vehicle retailers or add to their holdings. (Read more)
Source: Automotive News

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GM Names Hyundai's Perry to Lead Chevrolet Marketing

General Motors Co. named former Hyundai Motor Co. executive Christopher J. Perry to lead marketing for its Chevrolet brand as the automaker revamps its advertising management. (Read more)
Source: Bloomberg

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J.D. Power Lowers U.S. Auto Sales Forecasts

J.D. Power and Associates cut its U.S. auto sales forecasts for the remainder of 2010 and 2011 as it expects a slow economic recovery, the consultancy said on Thursday. (Read more)
Source: Reuters

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Honda's Dream of U.S. Production Protects Profit

Honda Motor Co. became the first Japanese automaker to build cars in the U.S. 28 years ago in part to fulfill a long-held goal of founder Soichiro Honda. The company’s success in shifting production is shielding profits from the yen’s advance to a 15-year high against the dollar. (Read more)
Source: Bloomberg

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ASE Announces NADA 2011 Visit to San Francisco

ASE and Motor Trader are joining forces again to host a delegation of UK dealers at the 2011 NADA Convention in San Francisco. The annual show is the biggest car retailer event in the world and is masterminded by the National Automobile Dealers Association, the influential trade body which represents the interests of motor traders across America. (Read more)
Source: Motor Trader

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Quotable
 
"The question now is has the American auto industry turned the corner? Do they have their costs in line? Do they have focus?"

    -- Bernie McGinn, a self-described "contrarian" investor who says he thinks U.S. car makers have improved but he will wait until GM announces the price of its stock before deciding whether to buy, The Associated Press, Aug. 19

Video Highlights
 

NADA University: 'We Build Champions'

NADA Marketplace
 

Experient, Inc. is the NADA Convention’s Official Housing Bureau; Beware of Imitators

Experient, Inc., through an arrangement with NADA, is the official housing bureau for the 2011 NADA Convention & Expo in San Francisco. If you’re planning to register for the convention and reserve a hotel room, visit NADAConventionandExpo.org. NADA has NOT authorized any other organization or company to make hotel reservations for the convention. Emails, phone calls or other communications from HDMC Group or any other third parties offering hotel reservations or other convention services in San Francisco are not authorized by NADA. 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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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.