NADA Headlines - 08/19/2016 (Plain Text Version)
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.
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.
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.
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.
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.