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Friday, Aug. 26, 2011 RSSSEND TO A FRIENDPRINT
Inside This Issue
NADA Calls for Nominees for 'Hiring Our Heroes' Award
Saab to Seek Court Protection from Creditors
GM Cutting Truck Production Next Month
GM, LG to Jointly Develop Electric Cars
Sergio's Star Turn
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Top 5 Stories
NADA Calls for Nominees for 'Hiring Our Heroes' Award

Nominate your dealership today; deadline is Sept. 23

The U.S. Chamber of Commerce is seeking nominations for its first annual “Hiring Our Heroes” award from businesses across the country—including new-car dealerships—that are taking active leadership roles in employing U.S. military veterans and their spouses. “We have long supported the ‘Hiring Our Heroes’ program,” said Stephen W. Wade, chairman of the National Automobile Dealers Association. “We’re pleased the Chamber of Commerce is now recognizing businesses that are hiring military veterans with an awards program each year.” To be eligible for the award, a dealership must currently employ at least one person who is a veteran. There are five award categories: 1) Veteran and Military Spouse Employment (General Award); 2) Veteran and Military Spouse Employment (Small Business Award); 3) Wounded Warrior Transition Assistance; 4) Providing Employment or Internships for Post 9-11 Veterans; and 5) Women Veteran Employment. Award finalists and winners will be recognized at the Chamber’s 4th Annual “Hiring our Heroes” event and awards dinner in Washington, D.C., on Nov. 10, 2011. Representatives of the nominated businesses and up to one guest must be able to attend. The nominations are due no later than noon Friday, Sept. 23. For questions or more information, email Click here for the nomination form.
Source: NADA Newsroom

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Saab to Seek Court Protection from Creditors

Troubled Swedish carmaker Saab, owned by Dutch group Swedish Automobile NV is to apply for court protection from its creditors, public radio quoted sources as saying on Friday. Amsterdam-listed Swedish Automobile said in a statement on Friday it was aware of the reports, and said it was "evaluating all available options." Saab, rescued from bankruptcy last year by Swedish Automobile as former owner General Motors Co prepared to shut it down, has struggled to raise funds to restart production, pay wages and settle suppliers' bills. Public radio on Friday quoted what it called several different sources as saying the company would apply for court protection from creditors. It did not say when this would happen.
Source: Reuters

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GM Cutting Truck Production Next Month

General Motors Co. is cutting its production of pickup trucks next month, a sign that truck sales aren't as robust as the company had hoped. Spokesman Tom Wickham said Thursday that GM cancelled five scheduled overtime shifts on Saturdays in September and October. Full-size pickup truck sales were up 9 percent for the year through July in the U.S., compared with a year earlier, according to Autodata Corp. But that increase was smaller than the industry saw as a whole. At the end of July, GM had 115 days' worth of pickups to sell.
Source: The Associated Press

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GM, LG to Jointly Develop Electric Cars

General Motors Co. and LG Corp have struck a deal to develop electric cars together, a first-of-its-kind alliance between the top U.S. automaker and a leading Korean conglomerate that represents a major bet on battery technology. LG Corp's LG Chem Ltd currently supplies the lithium-ion batteries that power GM's Chevrolet Volt and Opel Ampera plug-in hybrids which debuted in late 2010. Under the agreement signed on Wednesday by GM Chief Executive Daniel Akerson and LG President Juno Cho, the two companies said they would design a range of electric vehicles that would be sold in markets around the world.
Source: Reuters

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Sergio's Star Turn

One morning in mid-August Sergio Marchionne summoned his 25 direct reports at Chrysler to talk about succession -- not who would replace him as chief executive or even who was next in line behind those senior managers. Instead he led an eight-hour "talent review" to dive into Chrysler's ranks and identify up-and-comers who could one day run key parts of the company. It's classic Marchionne -- probing, micromanaging, intense. A workaholic who thrives on espresso and three hours' sleep, he rewards competency by heaping on responsibility.
Source: Forbes

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More articles

Aug. 25, 2011 - New Car Dealerships Increase in U.S.

Aug. 24, 2011 - Autos, Aircraft Lifted July Durable Goods Orders

Aug. 23, 2011 - Ford, Toyota to Work Together on Hybrid Trucks

Aug. 22, 2011 - NADA's Chief Economist Expects New-Vehicle Sales to Remain Relatively Strong

Aug. 19, 2011 - VW Sees No Slowdown in Demand

"Whenever somebody tells me, 'This is the GM way,' I pay attention. Ninety percent of the GM way is great, and 10% should be totaled."

-- Dan Akerson, GM chairman and CEO, who leads a team of Detroit outsiders that view the business with fresh eyes, Fortune, Aug. 25

Update on Adverse
Action Requirements


NADA Foundation:
A Success Story

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NADA U Webinars
Sept. 7 -- “Increase $10,000 Per Month Per Advisor Immediately,” presented by Jeff Cowan, NADA U Partner and president, Jeff Cowan’s Pro Talk, Inc. (1 p.m. EDT)
Convention News
Stay Connected with the NADA Convention on Facebook and Twitter

There are now more ways than ever to "connect" with the NADA and ATD Convention and Expo, Feb. 3-6 in Las Vegas. "Like" the convention's Facebook page and "follow" us on Twitter to receive instant updates on speakers, registration, exhibitors, hotels and more. Plus, stay tuned for NADA's new smart phone app coming this fall, putting the entire convention at your fingertips. Convention registration is now open online.

Foundation News
NADA Foundation Program Reaches 500th Ambassador
IT Committee Highlights Importance of Online Reputation Management

NADA’s Information Technology Committee has shed some light on the importance of monitoring social media sites for comments about dealerships’ services and how to monitor these sites without overwhelming dealership staff. To learn more, visit NADA’s Technology page and look under “Online Reputation Management Vendors.”

NADA Used Car Guide Adds VIN Scanner App to its Mobile Products

Texas Dealer Academy Taps Online Resources of NADA University for NextGen Program 

HP's Small but Mighty PC

Super Savings from Lenovo

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