The Transportation Department has approved use of cash-for-clunkers funds for purchases of certain cars not yet on dealers lots, after consumers have complained about the low inventories of fuel efficient vehicles at many dealerships.
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“Dealers and consumers who have reached a valid purchase and sale agreement on a vehicle already in the production pipeline will [...]
Negotiations to save the dwindling “cash-for-clunkers” fund dragged out in the Senate on Wednesday, prompting Majority Leader Harry Reid to warn vacation-bound lawmakers they might be stuck in the Capitol a few more days if they don’t pass a $2 billion replenishment for the car rebate program quickly.
The government said it had spent $775.2 million [...]
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 [...]
General Motors said today that more than 6,000 UAW workers have accepted the company’s latest early retirement and buyout offers.
The voluntary participation is apparently not enough to prevent thousands of layoffs, the Associated Press reported.
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 [...]
