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Wednesday, Sept. 21, 2011 RSSSEND TO A FRIENDPRINT
Inside This Issue
Underriner to Lead Auto Dealer Group in 2012
Boehner: Sees Room for Compromise With White House on Some Proposals
Auto Dealers to Push Mileage Rule Timeout
GM Aims to Lower U.S. Labor Costs With Buyouts, Cheaper Hires Over 4 Years
Saab Gets Bankruptcy Protection
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Underriner to Lead Auto Dealer Group in 2012

The board of directors of the National Automobile Dealers Association (NADA) has elected William P. Underriner as chairman and David W. Westcott as vice chairman for 2012. Underriner, 59, president and co-owner of Underriner Motors in Billings, Mont., operates Honda, Hyundai, Buick and Volvo franchises. Underriner, NADA’s current vice chairman, has served three terms as NADA treasurer and represents Montana’s new-car dealers on the association’s board of directors. “I’m honored that my peers have elected me for this position,” said Underriner, who’s been in the automobile business since 1984. “I’m looking forward to the challenges ahead and the unknown because you never know what can happen in the auto industry.” Westcott, 64, president of David Westcott Buick GMC Suzuki in Burlington, N.C., has been a new-car dealer since 1981. The election was held Sept. 20 at an NADA conference in Washington, D.C. Underriner and Westcott will take office at the 2012 NADA-ATD Convention and Expo in Las Vegas, which runs Feb. 3-6.
Source: NADA Newsroom

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Boehner: Sees Room for Compromise With White House on Some Proposals

U.S. House Speaker John Boehner (R, Ohio) said Wednesday he sees room for compromise between Republicans and the White House on certain job creation proposals, but he reiterated his party's opposition to raising taxes. Boehner, speaking before a conference of the nation's auto dealers in Washington, said he believes a deal could be reached on tax deductions for small businesses, pending free-trade agreements and infrastructure spending. "I think there's room for common ground that we can find," Boehner said.
Source: Dow Jones Newswires

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Auto Dealers to Push Mileage Rule Timeout

The National Automobile Dealers Association will make the rounds on Capitol Hill on Wednesday, pitching lawmakers on a proposal to delay the Obama administration’s most recent vehicle fuel-economy standards. NADA will meet with House and Senate members to gather support for an amendment to Environmental Protection Agency spending legislation that would block the EPA from using fiscal year 2012 funds to implement fuel-economy standards for model year 2017-2025 vehicles. Rep. Steve Austria (R-Ohio) is sponsoring the amendment. “54.5 is too much, too fast,” NADA spokesman Bailey [Wood] told The Hill.
Source: The Hill

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GM Aims to Lower U.S. Labor Costs With Buyouts, Cheaper Hires Over 4 Years

General Motors Co. will move to entice electricians and its other highest-paid U.S. hourly workers to retire so it can hire lower-wage replacements through a four-year labor agreement with the United Auto Workers. UAW President Bob King said the agreement achieves some of the union’s major goals in talks with the Detroit-based automaker, which emerged from U.S.-backed bankruptcy in 2009. “This contract really shows the auto industry is back,” King said yesterday. GM expects the union to hold ratification votes within 10 days, according to a Sept. 17 statement.
Source: Bloomberg 

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Saab Gets Bankruptcy Protection

A Swedish appeals court tossed a lifeline Wednesday to cash-strapped car maker Saab, approving its application for bankruptcy protection as it awaits funding from Chinese investors. The ruling by the Court of Appeal for Western Sweden, overturning a lower court's decision, gives Saab three months to reorganize while being protected from creditors, some of whom have already filed bankruptcy petitions against the company. During the reconstruction process, which will last three months but can be extended, the Swedish government will pay Saab workers salaries.
Source: The Associated Press

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More articles

Sept. 20 - UAW-GM Contract to Create or Retain 6,400 Jobs as Union Releases Terms

Sept. 19 - Union Pact With GM Puts Pressure on Ford, Chrysler

Sept. 16 - Volkswagen to Invest Record $86.1 Billion through 2016

Sept. 15 - Dealers Oppose Gas Rules

Sept. 14 - Toyota's North American Production Back at 100%

“I’m honored that my peers have elected me for this position. I’m looking forward to the challenges ahead and the unknown because you never know what can happen in the auto industry.”

-- William P. Underriner, who was elected as 2012 NADA chairman, NADA Newsroom, Sept. 21

Update on Adverse
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NADA Foundation:
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-- Sept. 21 at 1 p.m., EDT: “Implementing the Four Essentials to 100% Absorption,” presented by Don Reed, NADA U Partner and CEO, DealerPro Training Solutions

-- Oct. 19 at 1 p.m., EDT: “Performing a Monthly Parts Inventory Reconciliation,” presented by Chris Bavis, NADA-ATD Academy instructor.

Call 800.557.6232 to learn more and register.

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Save More Than 50% on Lenovo in September

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