August 19, 2016 FacebookTwitterFlickrRSSSEND TO A FRIENDPRINT
Inside this issue
Donate Today. Help Flood Victims in Louisiana
FTC Action: Texas Car Dealers to Pay $85,000 Civil Penalty
Ford to Extend GT Production Two More Years
Uber Aims for an Edge in the Race for a Self-Driving Future
11 Hotels Sold Out; $100 Registration Discount Ends Sept. 9
Top Stories
Donate Today. Help Flood Victims in Louisiana

Thousands of dealership employees have suffered devastating losses from the recent flooding in Louisiana. The need for financial assistance is great and will last for many weeks to come. The Emergency Relief Fund of the National Automobile Dealers Charitable Foundation helps dealership employees after natural disasters, and is also seeking donations.


Dealership employees affected by the flooding can apply for financial assistance through the NADA Foundation's Emergency Relief Fund. (Lost wages or commissions are not eligible for reimbursement from the fund.)

NADA is also calling on its members to donate online to the Emergency Relief Fund. Checks can be made payable to NADCF Emergency Fund, c/o NADCF, 8400 Westpark Drive, MS 7, Tysons, VA 22102. For more information, call 703.821.7233.

Established in 1992, the fund has provided more than $5 million to more than 8,700 families. To apply for assistance or to contribute to the fund, call 703.821.7102 or visit www.nada.org/emergencyrelief.
Source: NADA Foundation

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FTC Action: Texas Car Dealers to Pay $85,000 Civil Penalty

Three Dallas area auto dealers, collectively known as Southwest Kia, have agreed to pay an $85,000 civil penalty to settle Federal Trade Commission charges that they violated an FTC administrative order barring them from deceptively advertising the cost of buying or leasing a car. According to the FTC, New World Auto Imports Inc., New World Auto Imports of Rockwall Inc. and Hampton Two Auto Corporation concealed sale and lease terms that added significant costs or limited who could qualify for vehicles at advertised prices, in violation of a 2014 order.
Source: FTC

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Ford to Extend GT Production Two More Years

Ford Motor Co. is officially extending production of its GT supercar for two additional years. The initial run included 500 GTs, with 250 being built a year at a facility in Markham, Ontario. Ford said it received 6,506 completed applications for the first 500. The car is expected to be priced around $400,000.
Source: Automotive News

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Uber Aims for an Edge in the Race for a Self-Driving Future

A world in which cars drive themselves may come sooner than once thought. On Thursday, Uber said that it would begin testing self-driving cars in Pittsburgh in a matter of weeks, allowing people in the city to hail modified versions of Volvo sport utility vehicles to get around the city. Uber also said it had acquired Otto, a 90-person start-up including former Google and Carnegie Mellon engineers that is focused on developing self-driving truck technology to upend the shipping industry. Those moves are the most recent indications of Uber’s ambitions for autonomous vehicles that can provide services to both consumers and businesses.
Source: The New York Times

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2017 NADA Convention & Expo
11 Hotels Sold Out; $100 Registration Discount Ends Sept. 9

The discounted registration rate for NADA members and managers includes admission to NADA 100 Carnival.

NADA members and managers who register for the 2017 NADA Convention and Expo in New Orleans by September 9 will receive a $100 discount.

NADA, founded in 1917, will kick off yearlong events commemorating its 100-year anniversary with NADA 100 Carnival in New Orleans. The exclusive event for NADA members, international affiliates and guests will be held at Mardi Gras World on Thursday, January 26. The Carnival will feature cuisine from top New Orleans restaurants, as well as musical entertainment from Foreigner, Cowboy Mouth and jazz favorites. The NADA member and manager registration fee includes admission to the NADA 100 Carnival.

The four-day NADA Convention, which runs from January 26 to 29, includes keynote speakers, dealer franchise meetings, workshops, an Expo and numerous networking events. Click here to register.
Source: NADA

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Past Articles
      "While we can’t build enough Ford GTs for everyone who has applied, we are going to produce additional vehicles in an effort to satisfy more of our most loyal Ford ambassadors."

          -- Dave Pericak, global director at Ford Performance, Automotive News, August 19

      Sponsored by

      NADA Convention

      NADA Chairman's Column
      Countdown to the 100th Anniversary Celebration

      NADA100 Video: Don Wassel Works in Auto Retailing for 53 Years

      Introducing NADA Academy Plus
      NADA Webinars
      NADA members can view past webinars on-demand at no charge at NADA University Online. Members must create an NADA account before viewing.
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      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 publicaffairs@nada.org .