For optimal viewing through your web browser or PDA, click here.

SPONSORED BY

NADA.org
Friday, Sept. 3, 2010 RSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Top 10 Stories
Rattner's Memoir Opens Curtain on Auto Bailouts
Truck Dealers Lay Out State of Industry, Urge Sales Incentives in White House Meeting
VW Plans to be No. 1 Car Seller in the World by 2018
U.S. Companies Added 67,000 Jobs in August
Akerson: GM Will Succeed if Company, UAW Work Together
U.S. Frets Over Foreign Investors in GM
White House Considers Pre-Midterm Package of Business Tax Breaks to Spur Hiring
GM, Toyota and Ford Post Moderate Sales Gains in China
ADESA/NADA University 'INDUSTRY INSIGHT' Series Kicks Off
Opinion: The EPA's New Gas-Mileage Labels Are Good but Not Perfect
Top 10 Stories
Rattner's Memoir Opens Curtain on Auto Bailouts

WASHINGTON -- The Obama administration vetoed attempts by General Motors to abandon its Detroit headquarters, a new book by a former top auto adviser reveals. The revelation comes in a 320-page memoir by Steven Rattner, who was President Barack Obama's auto adviser for six months last year, and helped shepherd the $85 billion government bailout and bankruptcies of GM and Chrysler. (Read more)
Source: The Detroit News

[back to top]

Truck Dealers Lay Out State of Industry, Urge Sales Incentives in White House Meeting

WASHINGTON – The American Truck Dealers (ATD) led a coalition of trucking industry executives Wednesday to meet with senior members of the Obama administration and to discuss the state of the industry, the impact of higher costs resulting from new emission mandates and options to boost medium- and heavy-duty truck sales. (Read more)
Source: NADAFrontPage.com

[back to top]

VW Plans to be No. 1 Car Seller in the World by 2018

VW wants to be the world's biggest by 2018, knocking off Toyota Motor and General Motors, both of which have acknowledged that their supersize has hurt more than helped in many ways. (Read more)
Source: USA TODAY

[back to top]

U.S. Companies Added 67,000 Jobs in August

Companies in the U.S. added more jobs than forecast in August, easing concern the economy was falling back into a recession. (Read more)
Source: Bloomberg

Editor's Note: NADA Chief Economist Paul Taylor remains convinced that economic growth will continue to be positive. Many of those who warned of a double dip in the economy have retracted that outlook after seeing August jobs numbers, he says. "Consumer spending and home values remain keys to future growth, and at this point both remain problematic," Taylor says.

[back to top]

Akerson: GM Will Succeed if Company, UAW Work Together

DETROIT — Daniel Akerson, General Motors Co.'s new chief executive, issued his first statement to all GM employees Thursday — a Labor Day message noting that he has already met with union leaders. (Read more)
Source: The Detroit News

[back to top]

U.S. Frets Over Foreign Investors in GM

Treasury Officials Want to Minimize Political Fallout From Car Maker's Stock Sale as It Selects 'Cornerstone' Buyers

The U.S. Treasury is concerned about how many overseas investors it should allow to buy big stakes in General Motors Co. through the car maker's initial public offering this fall, according to people familiar with the matter. (Read more)
Source: The Wall Street Journal

[back to top]

White House Considers Pre-Midterm Package of Business Tax Breaks to Spur Hiring

With just two months until the November elections, the White House is seriously weighing a package of business tax breaks - potentially worth hundreds of billions of dollars - to spur hiring and combat Republican charges that Democratic tax policies hurt small businesses, according to people with knowledge of the deliberations. (Read more)
Source: The Washington Post

[back to top]

GM, Toyota and Ford Post Moderate Sales Gains in China

BEIJING — Three major global auto makers reported moderate August sales gains in China, a day after a state-funded research institute said the country's car-sales growth accelerated sharply last month thanks in part to new government incentives for small fuel-efficient cars. (Read more)
Source: The Wall Street Journal 

[back to top]

ADESA/NADA University 'INDUSTRY INSIGHT' Series Kicks Off

ADESA and NADA University announce the kickoff of a joint educational seminar series, “Industry Insight,” hosted at selected ADESA auctions and covering the latest used-vehicle industry trends and information. (Read more)
Source: NADA University 

[back to top]

Opinion: The EPA's New Gas-Mileage Labels Are Good but Not Perfect

On the whole, both of the [Environmental Protection Agency's] two suggested alternative stickers represent much-needed improvement over current fuel-economy labeling. But we have reservations about the version that awards vehicles letter grades ranging from "A" to "D" based on their fuel economy and emissions. (Read more)
Source: The Washington Post 

[back to top]

 
Quotable
 
“The double-dip talk was probably misplaced. From a historical perspective, things are still soft. The economy ought to be doing better.” 

    — Maury Harris, chief economist at UBS Securities LLC in New York, on companies' adding more jobs than forecast in August, easing concern the economy was falling back into a recession, Bloomberg, Sept. 3

Video Highlights
 

NADA University: 'We Build Champions'
NADA Convention
 

For daily updates, find us on Facebook, Twitter and LinkedIn!


Used Car Guide


 

Save 42% on HP Laptop

NADA members and staff can save $554 instantly on the HP ProBook 4520s Notebook PC (Energy Star®). This offer is available while supplies last. This special offer also includes the HP Prof Slip Case. Need a desktop? Save on the HP Compaq 500B Microtower for only $519. And the Compaq S2021 20-inch widescreen LCD monitor is only $130. To learn more about this offer and other discounted HP products go to NADA's PC Purchase Program site (member log in required).


Search Back Issues | Unsubscribe | Subscribe | Manage your subscription | email us
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.