View Mobile Version | View Web Version

SPONSORED BY
NADA.org
Friday, April 29, 2011 RSSSEND TO A FRIENDPRINT
nada.orgAdvocacyAffiliates | Convention | Jobs | Programs | Publications | Services | Training
Top Stories
Tornadoes Shut Mercedes, Other Southern Automakers
Chrysler Says Government Loans Are Now Unnecessary
Opinion: It's Still Too Soon to Demand Pricey Store Makeovers
Mercedes-Benz USA Taps NADA University
After Quake in Japan, a Toyota Dealer Slowly Regains Its Footing
Top Stories
Tornadoes Shut Mercedes, Other Southern Automakers

WASHINGTON — The devastating tornadoes that swept across Alabama and other southern states Wednesday caused widespread power outages, shut down several large manufacturing plants and could disrupt the region's fragile economic recovery. The tornado damage compounds troubles for the auto industry, which is already experiencing parts shortages from factories in Japan that were damaged by the March 11 earthquake and tsunami. But automakers can sustain several days or even a week or two of lost production without a hit to sales. That's because most of them have cars and trucks stocked on dealer lots, said Michael Robinet, an auto industry analyst for the consulting firm IHS Automotive. After power is restored or damaged factories are repaired, automakers can rebuild inventories quickly, Robinet said.
Source: The Associated Press

[back to top]

Chrysler Says Government Loans Are Now Unnecessary

DETROIT — Chrysler will soon pay back its government loans because they have become “redundant and unnecessary” now that the automaker is more financially stable, its chief executive, Sergio Marchionne, said Thursday. Mr. Marchionne said Chrysler would save enough interest by refinancing the loans to “make a material difference on our profit-and-loss table.” He declined to say how much less the company expected to pay. “The markets are there now, and our performance is consistent with the objectives we set for ourselves,” he told reporters at Chrysler’s sport utility vehicle plant on the east side of Detroit. “It’s time to try and close the loop on what had been an incredibly necessary intervention.”
Source: The New York Times

[back to top]

Opinion: It's Still Too Soon to Demand Pricey Store Makeovers

Source: Automotive News

[back to top]

Mercedes-Benz USA Taps NADA University

McLEAN, Va. — Mercedes-Benz USA (MBUSA), no stranger to leading innovative initiatives in the automotive industry, is the first OEM to work in partnership with NADA University on an exclusive training program. “The automotive industry has seen many changes in recent years, and a company’s ability to keep ahead of the curve relies on various factors,” said Christine Lohrfink, manager of corporate training at MBUSA. “Our commitment is to supporting our dealers in every way we can for the benefit of our customers.” By subscribing to NADA University online, Mercedes-Benz USA will equip its dealer contact team with 24/7 online access to a vast collection of interactive training courses, webinars, data, industry updates and best practices examples. There will also be an instructor-led course offered, “Financial Statements through the Dealer’s Eyes.”
Source: NADA University

[back to top]

After Quake in Japan, a Toyota Dealer Slowly Regains Its Footing

ISHINOMAKI, Japan — As soon as the ground stopped bucking under the small Toyota dealer in this port city on March 11, the staff scattered to survey the quake’s damage. Nothing drastic: cracks in the showroom walls, fallen display lights. Then came the deluge. A river of brown water and debris burst through the showroom’s glass windows. As a van and two cars disappeared under the waves, the dealership’s 22 employees raced up the stairs to the second floor — and when the water rose further, to the roof. Still, in a town destroyed by a 15-foot tsunami, the Sendai Toyopet Ishinomaki dealership here reopened in just four days. “In this part of the country, cars are a lifeline,” Kunihiko Sudo, the dealership’s manager, said this weekend. “You need cars to get the economy moving again. We feel a sense of duty.”
Source: The New York Times

[back to top]

For more auto industry news, visit NADAFrontPage.com

SAVE on HP's ProBook 4520s Notebook PC
Enjoy tremendous savings of 46 percent on the ProBook 4520s Notebook PC.

Save with Lenovo in April
Save an additional 5 percent on the durable ThinkPad X series and ThinkPad Edge with eCoupon USXAPRILSAVINGS2011 at checkout.

 
Quotable
"It’s time to try and close the loop on what had been an incredibly necessary intervention."

    — Sergio Marchionne, Chrysler chief executive, on the automaker's plans to soon pay back its government loans because they have become “redundant and unnecessary” now that the automaker is more financially stable, The New York Times, April 29

Featured Videos

NADA Foundation Supports Wounded Veterans Initiative (NADA-TV)

Sponsored by
                       

NADA Japan Relief


NADA University

Advanced Parts and DMS Management
Presented by Chris Bavis
May 2–6, 2011
 
Advanced Variable Operations
Presented by Les Abrams and Bill Adkins
May 23–27, 2011

  


NADA Used Car Guide

Providing the most reliable
and most comprehensive
used-vehicle values since 1933


Alert: Bogus Survey Misrepresents NADA

Dealers have reported receiving emails with “NADA Preferred Mail Company Info” in the Subject line. The email refers to an NADA survey of direct mail companies. NADA has not undertaken such a survey, nor authorized any other party to perform a survey on behalf of NADA. The company involved has agreed to stop any references to the bogus survey. Information about the phony survey originated in emails from www.nadadealerservices.com, a website that is also bogus and has no connection to NADA.
Source: NADA Legal Affairs

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.