WASHINGTON — The Obama administration appealed to the Senate Monday to bail out the popular but reeling “cash for clunkers” rebate program, arguing that it already has improved vehicle fuel efficiency by over 60 percent and stating that nearly half the cars bought through the program were produced by Detroit automakers.
Putting pressure on lawmakers to [...]
WASHINGTON — With the “cash for clunkers” program essentially running on fumes, the Obama administration served notice on the Senate that it must pour in $2 billion more to keep it on track.
Transportation Secretary Ray LaHood set the latest policy marker for the popular car-purchase program, saying Sunday that he thought the existing $1 billion [...]
CHICAGO — Surging demand from the government’s “cash for clunkers” program has helped lift Ford Motor Co. to its first monthly increase in two years, the company’s top sales analyst said Sunday.
July sales results mark the first year-over-year gain for Ford since November 2007 and apparently the first uptick by any of the six biggest [...]
WASHINGTON – The Obama administration will suspend the “cash for clunkers” program unless the Senate provides $2 billion more for the popular car incentive plan, Transportation Secretary Ray LaHood said Sunday.
He said he expects the current $1 billion pool to be exhausted by the end of this weekend. The House approved an additional $2 billion [...]
