National Association Of Minority Auto Dealers
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National Association Of Minority Auto Dealers
{{Refimprove, date=May 2007 The National Association of Minority Auto Dealers (NAMAD) was developed to assist in promoting minority auto dealers in the United States. NAMAD was initially founded to expand and support the number of African American auto dealer franchisees. The organization later expanded its mandate and opened the ranks of the organization to include other minorities. NAMAD was founded in 1980 and has grown to a membership of 650 minorities seeking to obtain their own dealerships. In recent years, over 100 owner-operator members of NAMAD have employed 10,000 employees, and generated over 6 billion in sales within the industry. See also Automobile Dealer Economic Rights Restoration Act The Automobile Dealer Economic Rights Restoration Act (ADERRA), House Bill HR2743 and Senate Bill S1304, were introduced in the 111th United States Congress to restore the economic rights of car dealers. Congressman Frank Kratovil (D-MD) and Cong ... References NAMADRestor ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Automobile Dealer Economic Rights Restoration Act
The Automobile Dealer Economic Rights Restoration Act (ADERRA), House Bill HR2743 and Senate Bill S1304, were introduced in the 111th United States Congress to restore the economic rights of car dealers. Congressman Frank Kratovil (D-MD) and Congressman Dan Maffei (D-NY) introduced H.R.2743 with Majority Leader Steny Hoyer (D-MD). Background Pursuant to their loan agreement with the U.S. Treasury and as a condition of receiving additional TARP funding, General Motors and Chrysler corporations announced the closure of automobile dealerships in June 2009, and instructed dealerships to either close in 26 days (Chrysler) or participate in a "wind down" agreement until October 2010 (GM) at which time franchise agreements would not be renewed. Behind the legislation Legislation was drafted using Arent Fox bankruptcy attorneys in Washington, DC. Dealers created a small committee including Spitzer Automotive Family, DARCARS Automotive Family and Fitzgerald Automotive Family. The ...
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Occupational Organizations
Employment is a relationship between two party (law), parties Regulation, regulating the provision of paid Labour (human activity), labour services. Usually based on a employment contract, contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. Employees work in return for wages, which can be paid on the basis of an hourly rate, by piecework or an annual salary, depending on the type of work an employee does, the prevailing conditions of the sector and the bargaining power between the parties. Employees in some sectors may receive gratuity, gratuities, bonus payments or employee stock option, stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits may include health insurance, housing, disability insurance. Employment is typically governed by Labour law, employment laws, organisati ...
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