The Obama administration is urging the Senate by Friday to approve $2 billion in new "cash for clunkers" funding on grounds that the program has improved fuel economy, helped the Detroit 3 and reduced consumer gas costs.
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The Obama administration will fund the cash for clunkers program until the Senate decides whether to add $2 billion to the original $1 billion fund that is likely to be depleted this weekend, U.S. Transportation Secretary Ray LaHood said today.
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The Obama administration will fund the cash for clunkers program until the Senate decides whether to add $2 billion to the original $1 billion fund that is likely to be depleted this weekend, U.S. Transportation Secretary Ray LaHood said today.
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The Obama administration will fund the "cash for clunkers" program until the Senate decides whether to add $2 billion to the original $1 billion fund that is likely to be depleted this weekend, U.S. Transportation Secretary Ray LaHood said today.
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The two suitors for Opel must improve their bids to win government backing, German Economy Minister Karl-Theodor zu Guttenberg said on Sunday. On Monday, Opel parent General Motors Co.
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The two suitors for Opel must improve their bids to win government backing, German Economy Minister Karl-Theodor zu Guttenberg said on Sunday before a Monday board meeting of parent General Motors Co., which is likely to focus on Opel.
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The House passed legislation to inject $2 billion into the cash for clunkers program after the administration reported that the popular $1 billion federal incentive was running out of money shortly after it began.
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The House passed legislation to inject $2 billion into cash for clunkers after the administration reported that the $1 billion federal program was running out of money shortly after it began.
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The House passed legislation to inject $2 billion into "Cash for Clunkers" after the administration reported that the $1 billion federal program was running out of money shortly after it began.
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The federal "cash for guzzlers" program reached its $1 billion funding limit unexpectedly after an avalanche of business exhausted its funds, an Obama administration official said late Thursday following reports from congressional and industry...
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The Obama administration late Thursday denied dealer and media reports that the government plans to suspend the cash-for-guzzlers program immediately because of depleted federal funds.
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The federal "cash for guzzlers" program reached its $1 billion funding limit unexpectedly after an avalanche of business exhausted its funds, an Obama administration official said late Thursday following reports from congressional and industry...
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The Obama administration will suspend a $1 billion program intended to spur U.S. auto sales after it surprisingly approached its funding limit after only a few days, government and industry sources said.
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Fiat S.p.A's Russian joint venture partner, Sollers, will build a factory in the far eastern city of Vladivostok, the government said on Thursday ahead of Prime Minister Vladimir Putin's visit to the region.
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Some 11,908 new cars were sold in Taiwan in the first 20 days of July, a 28.5% year-on-year gain that points to market recovery, according to Taiwan's Ministry of Transportation and Communications (MOTC).
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Automotive and defence group Rheinmetall will establish a joint venture (JV) for the production of aluminium cylinder blocks.
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AvtoVAZ is to prepare a list of key suppliers who will be eligible for support from the carmaker and the regional government, according to Samara region industry minister Vladislav Kapustin.
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A group of hedge funds that provided bankruptcy funding to Delphi on Monday won a high-stakes auction to take control of the auto parts supplier, scuttling a rival deal brokered by the Obama administration.
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The National Highway Traffic Safety Administration (NHTSA) is alerting consumers of a recall involving certain Dorel Juvenile Group's Maxi-Cosi Mico infant child restraints.
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The federal government is beefing up its employment levels to administer its "cash-for-guzzlers" program, but it says dealerships shouldn't have to hire more people to meet program requirements.
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