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national automobile dealers association

NADA's Sykora: 'Action is better than no action'

imageAuto dealers hope the federal government's $700 billion bailout package will thaw credit markets so they can finance floorplans and consumer purchases, the chairman of the National Automobile Dealers Association said today. Chairman Annette Sykora ca... [REG]

GOVERNMENT LOANS FOR AUTOMAKERS

NADA backs industry loan funding

Auto dealers are coming off the sidelines as a group to push for federal funding of low-interest loans for automakers and suppliers. In a statement today, the National Automobile Dealers Association said it now favors government funding that would make available $25 billion in loans for the industry. The change in position from neutrality to support was announced by NADA Chairman Annette Sykora, a multifranchise dealer from Texas. [REG]

Dealers signal support for 35% estate tax rate

imageThe nation's largest association of auto dealers is seeking a compromise on the federal estate tax. Last week, leaders of the National Automobile Dealers Association proposed a permanent rate of 35 percent on the taxable portion of an estate. That re... [SUB]