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Wednesday, June 8, 2011 RSSSEND TO A FRIENDPRINT
Top 5 Stories
Akerson: GM Strong After 'Rebirth' in Bankruptcy, But Challenges Remain
Ford's Mulally Says Economy Is 'Biggest Concern,' Sees Second-Half Pickup
Chrysler Shuffles Management, Names New Head of U.S. Sales, Dodge Car Brand
A Good Time to Trade in That Gently Used Car
Car Dealer Kelly Takes Business Approach to Congress After GM Bailout
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Top 5 Stories
Akerson: GM Strong After 'Rebirth' in Bankruptcy, But Challenges Remain

General Motors Co. CEO Dan Akerson told shareholders at the company's annual meeting Tuesday that the Detroit automaker is in strong financial shape but isn't declaring victory yet. GM is gaining global market share, hitting 11.5 percent for the first quarter, up from 11 percent during the same period last year, said Akerson, who stepped in as CEO on Sept 1 and became board chairman Jan. 1. "We're a company that has a lot to do. We've made tremendous progress," said Akerson, adding the automaker has strung together five consecutive profitable quarters.
Source: The Detroit News

Related articles

GM CEO Concerned About Economy, Deficit (The Associated Press)
G.M. Still Hopeful of Fully Paying Back the Government (The New York Times)

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Ford's Mulally Says Economy Is 'Biggest Concern,' Sees Second-Half Pickup

Ford Motor Co. Chief Executive Officer Alan Mulally said that while the economy is the automaker’s main concern, he expects conditions to improve in the second half of the year. “Our biggest concern of course is that the economy has slowed a little bit from where we thought it would be,” Mulally said [Tuesday] in a Bloomberg Television interview. "We believe with the economy coming back we’re going to exceed our performance from last year," he said.
Source: Bloomberg

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Chrysler Shuffles Management, Names New Head of U.S. Sales, Dodge Car Brand

Chrysler Group [on Tuesday] unveiled management changes that include expanded roles for several top executives and a new chief for the Dodge car brand and U.S. sales operations. Reid Bigland has been named president and CEO of the Dodge car brand and head of U.S. sales. He will remain president and CEO of Chrysler Canada. Ralph Gilles will head the new Street and Racing Technology brand, Chrysler's performance unit, as well as the automaker's motorsports activities, but no longer will oversee the Dodge car brand. The changes are effective immediately and come as Chrysler seeks to capitalize on 16 new or heavily revamped models this year.
Source: Automotive News

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A Good Time to Trade in That Gently Used Car

Used-Vehicle Prices Hit Record Highs; No New-Car Smell Necessary With Strong Demand for Fuel-Efficient Models

That three-year-old car sitting in the driveway may not seem so exciting anymore, but to some car dealers it could be gold. The National Automobile Dealers Association last week raised values again on many small- and medium-size cars in its latest Used Car Guide, which is widely used by dealers when deciding what to offer for cars taken as trade-ins. A one-year-old Honda Civic that NADA's Used Car Guide valued at $14,275 in May is now estimated to be worth $15,950. "The same car," says Jonathan Banks, NADA's executive auto analyst.
Source: The Wall Street Journal

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Car Dealer Kelly Takes Business Approach to Congress After GM Bailout

Rep. Mike Kelly (R-Pa.) had long been concerned about the direction the federal government was headed, but those concerns crystallized in a call he got in the spring of 2009 from a General Motors executive. Kelly, owner of Kelly Chevrolet-Cadillac Inc., founded by his father in 1953, was told his dealership could no longer sell Cadillacs. “I said to myself, if they can do that to Mike Kelly in Butler, Pa., they can do just about anything to anybody, anytime, anywhere they want,” Kelly said. “There are times in your life when you realize things have gone so badly off track that you’ve got to get involved.”
Source: The Hill

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More articles

June 7, 2011 - GM's Akerson Pushing for Higher Gas Taxes

June 6, 2011 - Texas Dealer, Former NADA President Ramsay Gillman Dies at 67

June 3, 2011 - Chrysler to Sever US Government Ties

June 2, 2011 - GM Financial to Offer Floorplan Loan Program for Dealers

June 1, 2011 - Ford CEO Mulally Urges One Fuel Standard

 
Videos
 
Mercedes Enrolls in NADA U (NADA-TV)

 Video: Dealers Eye Consumers in 'Scramble' for Used Cars (AutoFocus)

Quotable
“There are times in your life when you realize things have gone so badly off track that you’ve got to get involved.”

   -- Rep. Mike Kelly (R-Pa.), owner of Kelly Chevrolet-Cadillac Inc., who says his concerns about the direction of the federal government were crystallized when he was told in 2009 his dealership could no longer sell Cadillacs, The Hill, June 6

Marketplace
Webinar: “Dealership Valuation for Estate and Succession Planning,” June 16, at 1 pm (Eastern)

Dealer Executive Education at Babson College August 2011 Class Forming Now

HP's Built-in Connectivity at Your Fingertips

Lenovo's June Savings

Foundation News
 Video: Disaster Relief for Dealership Employees (NADA-TV)

NADA Foundation Program Reaches 500th Ambassador

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