DEALER NEWS & INFORMATION
REGULATORY & LEGAL UPDATES
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Listed here are several articles pertaining to the auto industry that appeared recently in newspapers and other media outlets across the nation.
Business leaders to lawmakers: Don't act alone on global warming
The Denver Post, Sept. 26
Business
leaders
said
Wednesday
they
now
realize
something
must
be
done
to
curtail
global
warming,
but
they
urged
Gov.
Bill
Ritter
and
lawmakers
not
to
take
unilateral
action
that
could
drive
up
costs
and
hurt
their
competitiveness.
Health deal for Detroit could spark more
msnbc.com, Sept. 24 As contract negotiations between automakers and the United Auto Workers union reach a critical stage, a historic restructuring of the auto industry’s benefit costs is at the center of the complex talks. If such an agreement is sealed, the ramifications are likely to extend far beyond Detroit and have important implications for the rest of the economy, analysts say.
VW pushes new,
clean diesel
engine
The Detroit
News, Sept. 27 Volkswagen wants American drivers to know about diesels. Especially its clean diesels and how they can help the environment.
GM could save
$3B a year after
a new auto deal
msnbc.com, Sept. 27 If United Auto Workers ratify a groundbreaking new contract with General Motors Corp., its provisions likely will save the company $2 billion to $3 billion per year which it can pump into the development of new products like electric cars, according to several industry analysts.
GM's future lineup shows real promise
The Detroit
News, Sept. 29 Coming to terms with the United Auto Workers and signing a labor contract good for both sides is an important first step for General Motors Corp. GM product plans unfold in pact Detroit
Free Press, Sept. 29 The new contract with the UAW
Detroit to build
GM's car of
future
The Detroit
News, Sept. 29 General Motors Corp. promised Detroit the job of building its car of the future, the Chevrolet Volt, as part of a labor pact with the United Auto Workers that includes unprecedented job commitment. * * * * * * * * *
WASHINGTON conference draws record
attendance More than 520 new-car dealers and state and metro dealer association executives (ATAEs) from around the country were in the nation's capital for NADA's 32nd annual Washington Conference on Sept. 11 and 12. "With the current climate on Capitol Hill, it's imperative that dealers be highly visible and absolutely clear in presenting their views to Congress," said NADA President Phil Brady. Conference speakers included:
Rep. John D. Dingell (D-Mich.), chairman of the Committee on Energy and Commerce; Sen. Ken Salazar (D-Colo.), member of the Finance, Agriculture, Energy & Natural Resources, Ethics and Aging committees; Sen. Lindsey Graham (R-S.C.), member of the Agriculture, Nutrition and Forestry, Budget and Judiciary committees; NADA Chairman Dale Willey; NADA President Phil Brady; NADA Government Relations Committee Chairman Ray Ciccolo; Political analyst Charlie Cook; and Satirist Christopher Buckley.
CADA
forwards news articles and opinion columns of interest through Open Road
Moose invades
Broomfield auto
dealership
Rocky
Mountain News,
Sept. 29
A lost 800-pound
moose scoped out
the new cars at
a Broomfield
auto dealership
Friday morning
before running
toward some
willows and
being felled by
a tranquilizer
darts.
But contracts don't save carmakers, excellent vehicles do.
provides an unprecedented look into GM's future product plans, replete with goodies like the production date for the revolutionary Chevrolet Volt and groundbreaking new models for Cadillac and Saturn.
to inform members of current events. These in no way reflect the views,
opinions,
and/or positions of CADA or its member dealers. They are sent for
informational
and educational purposes only..
Dingell to propose tax increase
By CAR lobbyist Jeremy Cottrell
U.S.
Rep. John Dingell, D-Mich.,
has a plan to curb
greenhouse gas pollution. It
involves a “cap and trade”
system, thereby allowing
many domestic automakers to
continue producing diesel
powered vehicles.
Supporters of the “cap and trade” system credit allowing companies flexibility regarding how they will comply with pollution limits in a variety of ways. Those companies finding ways to undercut the pollution requirements are able to further profit by selling their excess “credits” to those companies failing to meet exact standards.
However, some are wary to support Dingell’s initial proposition in that he calls for a 50 cent gas tax increase per gallon. The alternative is either creating a carbon tax, which proved unsuccessful during the Clinton administration, or imposing an aggressive automaker set of legislation mandating particular limits.
None of the three are likely to be met with complete open arms. Each brings with it significant flaws and criticisms that must pass muster through both houses of Congress, along with Presidential blessing.
That being said, Dingell suggests reducing mortgage interest tax deductions for residential homes over 3,000 square feet and barring any deduction for homes more than 4,200 square feet.
While the proposed bill has the touted goal of allowing domestic automakers options in attaining proposed limits it may in turn claim a significant number from “friendly fire.” Charles Chesbrough, senior economist and industry forecaster, puts the number from one domestic manufacturer at losing roughly 400,000 units as a result of a 50 cents per gallon tax increase.
Other criticisms include the obvious preference of excluding diesel at the expense of E-85, hybrid technology, or still developing technologies. Manipulating the marketplace by incentivizing certain technologies may serve as an ultimate disadvantage to consumers by stifling alternative technologies from coming to fruition.
The bill-still in its
infancy-is sure to evolve
under what has become a hot
topic nationally and
particularly under the dome
in Washington D.C. The
demand for Congress to
legislate “greenness” in
every way shape and capacity
has become a priority for
virtually every lawmaker.
A clear-cut, plausible, and equitable decision of how to achieve that goal--well that is an altogether different discussion.
HOW TO KEEP INSURANCE AND OTHER CHARGES OUT OF THE FINANCE CHARGE
By Thomas B. Hudson
Long ago and far away, in a very odd place called Washington D.C., some pointy-headed bureaucrats at the Federal Reserve Board were sitting around a conference table concocting yet another federal regulation. This one was to be Regulation Z, and it was supposed to implement the federal Truth in Lending Act.
As usual, arguments broke out among the participants regarding what the regulation should say. One of the arguments dealt with what fees and charges in a credit transaction the Feds should require creditors to include in the finance charge.
One group insisted that premiums for credit insurance be part of the finance charge. Others argued that unless the creditor required the credit insurance, it wasn’t appropriate to include the premiums in the finance charge. If a consumer could get credit without incurring the premium charge, they reasoned, it wasn’t logical to call the premium a cost of credit, which is what the finance charge is supposed to represent.
As usual, since this meeting took place in Washington, the participants reached a compromise of sorts. Creditors could exclude premiums for credit life, health and loss-of-income insurance from the finance charge, but only if certain conditions were met.
CLICK HERE to read the full article.
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Copyright 2007. CounselorLibrary.com, LLC, all rights reserved. This article appeared in Spot Delivery®. Reprinted with express permission from CounselorLibrary.com, LLC.
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COLORADO DEPARTMENT OF LABOR - QUICK REFERENCE GUIDE
The Colorado Department of Labor and Employment publishes a concise and helpful Quick Reference Guide that highlights key areas of employment law including:
-
Colorado Wage Act
-
Minimum Wage Order No. 23
-
Colorado Youth Law
-
Employment At-Will – Key Exceptions
-
Immigration Law / Employment Verification
CLICK HERE for the Quick Reference Guide.
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If you have questions on any legal or regulatory topics, please contact:
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Tim Jackson, President, tim.jackson@cadaonline.org, 303.282.1448
-
Tammi McCoy, VP, tammi.mccoy@cadaonline.org, 303.282.1449
|
DISCLAIMER:
CADA is not authorized
to dispense legal advice. The Information contained in this weekly email
is intended to provide important updates and reminders regarding
statutes, litigation, and regulations. CADA always advises that dealers
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F&i RESOURCE CENTER: SALES ASSOCIATE TRAINING AND EDUCATION
Sales Associate Training and Education
by Jan Kelly of Kelly Enterprises Inc.
Oct. 16-17 from 8:30 a.m. to 4:30 p.m. both days
William D. Barrow Building (CADA headquarters),
290 E. Speer Blvd, Denver 80203
REGISTRATION: CLICK HERE to download the flyer and registration form or CLICK HERE to register online. Contact Chad Julius at chad.julius@cadaonline.org or 303.319.8039 for more information on this CADA member-only training. Reservations must be made by THIS Friday, Oct. 5! Don’t delay…call today to reserve your spot!
Jan Kelly, president and principal consultant of
Kelly Enterprises Inc. will utilize her 25+ years of industry experience to train these important areas.
-
Discover the necessary strategies and techniques to stay at the controls of the sales
-
Address the sales cycle missteps that prevent good salespeople from making the sale.
Day 1 Prospecting ~ Creative ways to expand your customer pipeline
Web Tracks ~ Turning cyber leads into brick & mortar customers
Phone Scripts ~ Increasing floor traffic with on-target messages
Day 2 Road to a $ale ~ 10 quick steps to the Sale and Success
Negotiation ~ Playing by the rules that let everyone win
Getting Results ~ the S•M•A•R•T approach to the numbers game
* * * * * * * * *
| Topics |
City |
Date/Time |
Location |
|
Sales Associate Training and Education by Jan Kelly of Kelly Enterprises Inc. |
Denver |
Registrations due THIS
FRIDAY, Tuesday, Oct. 16 and
Wednesday,
Oct. 17 |
William D. Barrow Building (CADA Headquarters) 290 E. Speer Blvd, 80203 (SW Corner of Grant/Speer) CLICK HERE to download the flyer and registration form or CLICK HERE to register online. For more information, contact Chad Julius at 303.319.8039 or chad.julius@cadaonline.org |
|
Adverse Action Notices: What You Need To Know NADA Webinar |
Online |
Tuesday, Oct. 23 11 a.m.-1 p.m. MST (1-3 p.m. EST) |
CLICK HERE to register. The fee is $199 per computer connection. Email any questions to seminars@nada.org or call 703.821.7273. |
MARK YOUR CALENDAR: GET AWAY WITHOUT GOING AWAY
Supporting CADA is your
ticket to
an exciting weekend
at the Broadmoor Hotel
in Colorado Springs, Nov. 10-11.
More details to come soon!
| Event Description | Date/Time | Location |
|
CADA Regional
Meetings
_______
MDADA |
Ten meetings Colorado Springs, Pueblo, Durango, and Grand Junction meetings are NEXT WEEK!
CLICK HERE for a
full list of meeting
locations, dates and
times and to register
online.
Tuesday, Nov. 27
lunch included |
rsvp@cadaonline.org
* Please note different RSVP for Colorado Springs and Pueblo meetings. _______
Cherry Hills Country
Club
Attendees can register
through |
|
NADC (National Association of Dealer Counsel) Fall Workshop |
Oct. 15-16 NADC membership required. CADA strongly encourages membership in NADC. |
Hermitage Hotel, |
| Get Away Without Going Away 2007 | Nov. 10-11 |
The Broadmoor Hotel Colorado Springs More details and invitation available soon! |
| NADA 91st Annual Convention & Expo | Feb.9-12, 2008 |
Moscone Center, San Francisco, CA |
|
Denver International
Auto Show |
March 26-30, 2008 | Colorado Convention Center, Denver |
| CADA Golf Event |
Monday, Sept. 8, 2008 |
Columbine Country Club 17 Fairway Lane Columbine Valley, 80123 |
Motorplex at centerra brings the
art of 'The Open Road'
to northern colorado
Motorplex at Centerra in
Loveland continues to
redefine the vehicle
shopping experience with its
master-planned auto park,
which features two stunning
new sculptures amongst the
six multi-million dollar car
dealerships. The elegant
pieces of art are located at
the celebrated auto mall
near I-25 and Crossroads
Blvd.
“Loveland has long been famous for its amazing number of artists, who have had a major impact on the quality of living within this community,” said Rocky Scott, President of Centerra. “Because we have embraced the core values of the community, we wanted to enrich the shopping experience with significant pieces of art in the auto park that reflect the unique Colorado spirit.”
McWhinney Enterprises, the Motorplex’s developer and a longtime supporter of the fine arts, erected the sculptures at the auto park’s north and south entrances. At the south end of Byrd Drive, the newest signature sculpture rises 60 feet in the air above a beautifully landscaped roundabout. Entitled, “The Open Road,” it symbolizes the freedom made possible through the automobile, combining the liberty of exploration with our nation’s endless highways and byways. The work at the north entrance consists of three dramatic, curved, silver beams that echo the Motorplex’s three-pronged logo.
Created by Jeffrey Hall of Denver, “These pieces reinforce Loveland’s legacy as one of the top eight ‘Great Art Destinations’ in the United States, as named by U.S. Art magazine,” added Wendy Ellis, vice president of marketing of McWhinney Enterprises. “Jeffrey Hall masterfully captured the spirit of the Motorplex with ‘The Open Road,’ in an elegant and timeless fashion. Not only does it represent our commitment to create a lasting legacy of art and culture for Northern Colorado, but the piece also symbolizes our quest to offer a truly memorable and satisfying experience for our guests at the Motorplex.”
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Have you or anyone else at your dealership won an award recently? Has your dealership provided any outstanding community service? We want to recognize such accomplishments. Please send us a brief write-up of the award or event along with any other information to milestones@cadaonline.org. Also include your contact information for further follow-up.