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The Senate today passed a spending bill that included a provision for the cash for clunkers program. The program will provide up to $4,500 for individuals who trade in their old, gas guzzling cars.
This will reinforce the worries people have with buying cars from a bankrupt or near-bankrupt automaker. From the article:
Consumers who filed lemon-law claims against Chrysler recently are...
The program would be funded by the US government (i.e. taxpayers) which would pay or subsidize owners of old, fuel-inefficient automobiles via a coupon or voucher for between $3,000 and $5,000 if...
This is an extraordinary article about the over-leveraged foreigners who came to Dubai for the good life and then are forced to rush out, leaving their homes and even their Mercedeses with the keys...
The amendment still gives car buyers a federal-income-tax deduction on local sales taxes, but not on the interest on loans, as was originally proposed. It is applicable to any new car purchased...
Throughout the Detroit auto show hall, auto companies will be competing this week to establish their green and electric credentials.
These are risky bets. There are no guarantees that consumers...
Cars are often a household's second largest expense after a mortgage or rent. Ditch a car and you could save up to $7,000 per year once car payments, insurance, gas, taxes, tolls, etc. are...
Article | Dec 22, 2008 | Views: 175 | Comments: 2
Tags: cars, savings, car costs
There are various pros and cons to the US automakers bailout as I wrote earlier, but for now it looks like they are here to stay. It will be interesting to get your viewpoint as to where the...
The US owned automakers directly or indirectly touch most of us and their future is considered vital to the nation’s economic recovery. Here is a look at the pros and cons of bailing out...
Critics like to say Detroit's getting what it deserves because the Japanese build better cars, but guess what -- Toyota isn't looking so great these days, either.
Ford is trying to make one last comeback by building a world car called the Fiesta. Instead of designing a different car for every market, they are trying to design one car for the world. They...
Interesting article on the fate of the US automotive industry. The good news, the professors in this article believe the big 3 will survive.
"MacDuffie believes that Ford, GM and Chrysler...