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Tuesday, Oct. 26, 2010 RSSSEND TO A FRIENDPRINT
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Top Stories
Ford Reports Record $1.7 Billion Q3 Profit
Fleet Sales Buoy Big 3 Comeback
Bernanke on U.S. Recovery, Federal Reserve Policy
Road to Recovery: In Some Cities, Car Sales Have Hit Open Road Again
Big Trucks May Face Fuel Consumption Regulations
New GM Mantra: 'Chevy Runs Deep'
Ford Plans to Create 1,200 Jobs in Michigan
Top Stories
Ford Reports Record $1.7 Billion Q3 Profit

DETROIT -- Ford Motor Co. today reported record third-quarter profits, raised its production forecast and said it will speed up steps to pare debt. Ford's $1.7 billion in net income was up from $997 million a year earlier. (Read more)
Source: Automotive News 

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Fleet Sales Buoy Big 3 Comeback

Mixed blessing for automakers can hurt profits, resale values

As the industry continues this year's slow retail recovery from last year's dive, fleet sales have rebounded more strongly, helping bolster overall sales numbers for automakers, especially in the first half of 2010. (Read more)
Source: The Detroit News 

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Bernanke on U.S. Recovery, Federal Reserve Policy

Ben Bernanke doesn't do press conferences. Nor, with rare exceptions, does the Federal Reserve chairman sit for on-the-record interviews. But that doesn't mean that there's no chance to know what Bernanke is thinking. (Read more)
Source: The Washington Post

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Road to Recovery: In Some Cities, Car Sales Have Hit Open Road Again

The automobile industry was hit particularly hard by the recent economic downturn, but there are signs of a rebound, especially in New York City. "We think we've seen the bottom, which was last year, about 10.5 million units," Paul Taylor, chief economist for the National Auto Dealers Association, said about national car sales. (Read more)
Source: Fox News

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Big Trucks May Face Fuel Consumption Regulations

The government on Monday proposed the first regulations limiting fuel consumption of work trucks — from big-rig trucks to concrete mixers, buses, even heavy-duty pickups — saying the rules finally address the thirstiest and most-polluting vehicles on the road. "We are concerned that this could price some buyers out of the market," says Kyle Treadway, chairman of the American Truck Dealers and owner of a Kenworth dealership in Salt Lake City. (Read more)
Source: USA Today

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New GM Mantra: 'Chevy Runs Deep'

This fall, General Motors will promote its Chevrolet brand with a new marketing theme, “Chevy runs deep,” aimed at representing the history of the brand while showcasing new products. (Read more)
Source: Detroit Free Press

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Ford Plans to Create 1,200 Jobs in Michigan

STERLING HEIGHTS, Mich. -- Ford Motor Co on Monday announced plans to spend $850 million upgrading at least four Michigan plants to make more fuel-efficient vehicles and to hire 1,200 workers, spurred by $400 million in tax relief from the state of Michigan. (Read more)
Source: Reuters

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Quotable
 
"You can see our plan is beginning to work. We're very encouraged by that."

    -- Lewis Booth, Ford's chief financial officer, on the automaker's $1.7 billion third quarter profit, Automotive News, Oct. 26

Video Highlights
 

NADA Convention Chairman Jack Caldwell: Registration Numbers Ahead of Last Year

 
UPCOMING SEMINARS

Webinar: Transitioning to New Model Privacy Notice (Oct. 27)

Advanced Service Management in Cerritos, Calif. (Nov. 1–5)  

Webinar: The New Risk-Based Pricing Rule (Nov. 3)

NADA's 'Dealer Day' Conference at 2010 SEMA Show in Las Vegas (Nov. 3)

To register for NADA U training, sign in to NADA U, then go to the NADA U Store, select “Webinars & Seminars” under “Products,” and follow the ordering instructions.


NADA Convention

‘Aftermarket Zone’ at the NADA Convention Sells Out

The “Aftermarket Zone” at the 2011 NADA Convention & Expo in San Francisco has sold out. The “Aftermarket Zone,” which has doubled in size since debuting at the 2010 convention, will showcase 15 companies in more than 8,000 square feet of booth space. For more information, click here.


Used Car Guide



Guides | Data | Integrated Solutions | Analysis


NADA Member Wins HP Mini Notebook

Congratulations to D. Ward Drennen, III, of Don Drennen Motor Co Inc. in Birmingham, Ala., the winner of NADA's drawing for an HP Mini Notebook for responding to an e-mail survey on how dealers can make the most of technology. To learn more about discounted HP products go to NADA's PC Purchase Program site (member log in required)


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