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Top Stories
GM Moves to Shore Up Finances Ahead of Stock Sale
U.S. Economy Gained in Third Quarter on Consumer Spending
Detroit Auto Dealers Thank Congressman
Profit Soars at Honda, Mazda Despite Strong Yen
Kia Motors Third-Quarter Profit Surges 66% on Rising Global Vehicle Sales
Daimler Beats Expectations With Strong Profit
AutoNation Speeds Up Effort to Sell Older Used Cars, Snags 7 Fiat Stores
Some Late-Model, Used-Vehicle Shoppers Switch from New Cars, Survey Says
GE to Place Order for 'Tens of Thousands' of Electric Vehicles
Top Stories
GM Moves to Shore Up Finances Ahead of Stock Sale

DETROIT -- General Motors Co. moved to strengthen its finances ahead of an initial public stock sale, announcing plans on Thursday to cut debt and pension obligations by $11 billion. The moves, including a big payment to U.S. taxpayers, are aimed at making the automaker's balance sheet look more attractive to potential investors who might buy GM stock in an offering expected next month. (Read more)
Source: The Associated Press

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U.S. Economy Gained in Third Quarter on Consumer Spending

The U.S. economy grew at a 2 percent annual rate in the third quarter as consumer spending climbed the most in almost four years, a sign the expansion is developing staying power. (Read more)
Source: Bloomberg

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Detroit Auto Dealers Thank Congressman

Members of the Detroit Auto Dealers Association (DADA) had some positive things to say about Congressman John Dingell (D-MI) recently. The congressman, facing a tough re-election campaign against Republican physician Rob Steele, was one of the guests of honor at the annual DAD luncheon at the MGM Grand Casino last week. (Read more)
Source: The Wayne Eagle (Wayne County, Mich.)

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Profit Soars at Honda, Mazda Despite Strong Yen

TOKYO -- Japanese automakers Honda and Mazda posted hefty profits despite a strengthening yen as the global recovery and government incentives for green cars drove sales higher. (Read more)
Source: The Associated Press 

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Kia Motors Third-Quarter Profit Surges 66% on Rising Global Vehicle Sales

Kia Motors Co., South Korea’s second-biggest automaker, boosted profit 66 percent in the third quarter as new models increased sales at home, in China and the U.S. (Read more)
Source: Bloomberg 

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Daimler Beats Expectations With Strong Profit

Daimler, the German maker of Mercedes-Benz cars, reported a third-quarter net profit that handily beat market expectations Thursday and said it was revising upward its 2010 forecasts. (Read more)
Source: The New York Times

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AutoNation Speeds Up Effort to Sell Older Used Cars, Snags 7 Fiat Stores

AutoNation Inc., seeking to broaden its customer base, is expanding a set of no-haggle outlet centers specializing in the sale of older-model, lower-priced used cars. (Read more)
Source: Automotive News

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Some Late-Model, Used-Vehicle Shoppers Switch from New Cars, Survey Says

Internet shopping by buyers of late-model used vehicles increased significantly in 2010, an indication that at least some new-vehicle intenders opted to buy a used vehicle instead of a new one. (Read more)
Source: Automotive News 

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GE to Place Order for 'Tens of Thousands' of Electric Vehicles

General Electric Co. may jump-start the electric-vehicle industry with an order that Chief Executive Officer Jeffrey Immelt said will be the largest in history. (Read more)
Source: Bloomberg

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Quotable
 
"If the auto industry is doing well, the country is doing well."

    -- Congressman John Dingell, D-Mich., at the annual Detroit Auto Dealers Association luncheon at the MGM Grand Casino, The Wayne Eagle, Oct. 28

Video Highlights
 

NADA Chairman Ed Tonkin Speaks to the Automotive Press


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


 
UPCOMING SEMINARS

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


  
Lenovo's Laptop Discounts

NADA members can use eCoupon USXOCTSAVINGS at checkout and save an additional 5% off the sale price of the ThinkPad L Series and the ThinkPad X Series and 10% off the sale price of the X Series Tablet. This offer expires Oct. 31. To learn more about this offer and other discounted Lenovo products go to NADA's PC Purchase Program site (member log in required)


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