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Friday, Sept. 17, 2010 RSSSEND TO A FRIENDPRINT
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Top Stories
Dealers to Receive Up to $5M in SBA-Guaranteed Loans Under Senate Bill
Marchionne Targets Chrysler IPO in Second Half of Next Year
Hyundai's U.S. Chief Says September Sales Were `Fantastic,' Expects Record
Warren Vows End to "Tricks" With Consumer Agency
GM Bailout Payback to Take Several Years: CEO
China Spooks Auto Makers
Reports: Toyota in Talks with Daimler on Hybrids
Going Green Felt Right -- And Has Big Payoff
Top Stories
Dealers to Receive Up to $5M in SBA-Guaranteed Loans Under Senate Bill

WASHINGTON -- Small auto dealers would be able to receive federally guaranteed loans of as much as $5 million - up from $2 million - under an Obama administration-backed bill that passed the Senate (Thursday). (Read more)
Source: Automotive News

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Marchionne Targets Chrysler IPO in Second Half of Next Year

Chrysler Group LLC Chief Executive Officer Sergio Marchionne said the U.S. carmaker will probably sell shares publicly in the second half of 2011 after investors approved Fiat SpA’s plan to spin off its industrial business. (Read more)
Source: Bloomberg 

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Hyundai's U.S. Chief Says September Sales Were `Fantastic,' Expects Record

Hyundai Motor Co., South Korea’s largest automaker, may set an “all-time record” for U.S. sales in September owing to demand for its Sonata sedan, the company’s U.S. chief executive officer said. (Read more)
Source: Bloomberg

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Warren Vows End to "Tricks" With Consumer Agency

Wall Street critic Elizabeth Warren said on Friday she accepted the job of setting up a consumer financial protection agency for U.S. President Barack Obama and declared that the time for financial "tricks and traps" was over. (Read more)
Source: Reuters

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GM Bailout Payback to Take Several Years: CEO

General Motors Co is determined to pay back taxpayers as quickly as possible, but the process could take "several years," GM Chief Executive Dan Akerson said on Thursday. (Read more)
Source: Reuters

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China Spooks Auto Makers

Foreign Companies Fear New Rules on Electric Cars Will Erode Intellectual Property

BEIJING—China's government is considering plans that could force foreign auto makers to hand over cutting-edge electric-vehicle technology to Chinese companies in exchange for access to the nation's huge market, international auto executives say. (Read more)
Source: The Wall Street Journal

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Reports: Toyota in Talks with Daimler on Hybrids

TOKYO -- Toyota is in talks with Daimler AG about sharing its gas-electric hybrid technology with the German automaker, Japanese media reports said Friday. (Read more)
Source: The Associated Press 

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Going Green Felt Right -- And Has Big Payoff

Jack Caldwell's unlikely path to pioneering his environmentally sound Arkansas dealership began with a call from Toyota. "Green was not really a thing in 2007," said Caldwell, 65. "But they tweaked our interest." Now the Caldwells are glad they got the call from Toyota -- and just as glad they did the legwork needed to bring the idea to fruition. Building a green dealership came to feel right -- and saved them money. (Read more)
Source: Automotive News

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Quotable
 
“The industry looks decent -- I wouldn’t say great -- but I think we’re going to be fine.”

    -- John Krafcik, CEO of Hyundai Motor Co., which may set a record for U.S. sales in September on demand for its Sonata sedan, Bloomberg, Sept. 16


 
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Save 42% on HP Laptop

NADA members and staff can save $554 instantly on the HP ProBook 4520s Notebook PC (Energy Star®). 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).

September Specials from Lenovo

NADA members and their staff can save even more with Lenovo's September specials. Use eCoupon USXSEPTSAVINGS at checkout and save an additional 5 percent off the sale price of the T510 and Edge and 10 percent off the sale price of the W701. This offer expires Sept. 30. To learn more about this offer and others go to NADA's PC Purchase Program site (member log in required).


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