Government Backs Away From Million EV Goal for 2015

Government Backs Away From Million EV Goal for 2015
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The U.S. Department of Energy (DOE) is backing away from its previously announced plan to see 1 million electric cars on U.S. roads by 2015, saying the timeline isn’t really all that important. Continue Reading...

AutoGuide Week-In-Reverse: Obama, Romney Banned from GM, 2014 Mazda6 Revealed

AutoGuide Week-In-Reverse: Obama, Romney Banned from GM, 2014 Mazda6 Revealed
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The automotive industry is a global business that is constantly evolving and growing, and we here at AutoGuide know it can be hard to keep up sometimes. So here is a summary of the top stories you may have missed this week: Continue Reading...

GM Headed for Bankruptcy Again: Forbes Op-Ed

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GM Headed for Bankruptcy Again: Forbes Op-Ed
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Recently we reported that the auto bailout cost had increased to $25 billion, mostly due to General Motors‘ plummeting stock price. Things could, however, get worse for GM before they get any better – if they get any better. Continue Reading...

Majority of Americans Still Oppose Auto Bailout, Poll Finds

Majority of Americans Still Oppose Auto Bailout, Poll Finds
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Election season is upon us and that means one thing, more mudslinging than a figure-eight demolition derby. The auto industry bailout will certainly near the top of the many contentious issues Republican candidates vying for their party nomination will latch into. That desperate move by the government between 2008 and 2009 is still sparking hot debates and dividing opinion,… Continue Reading...

Truck With President Obama’s Telepromter Audio Gear Stolen In Virginia

Truck With President Obama’s Telepromter Audio Gear Stolen In Virginia
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A truck containing a teleprompter and audio gear used by President Barack Obama was stolen in Virginia, prompting questions about security lapses. The gear, estimated at about $200,000, was parked in a van at a Virginia hotel parking lot ahead of Obama’s visit to the area.  The van was said to be carrying audio equipment,… Continue Reading...

Volkswagen Still Looking for Changes to 2025 CAFE Standards

Volkswagen Still Looking for Changes to 2025 CAFE Standards
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Volkswagen was one of several large automakers that did not sign off on the Obama Administration’s proposed Corporate Average Fuel Economy (CAFE) standards for 2025. “We still have a dialogue going on with the administration in terms of how we think the policy needs to be adjusted,” said Jonathan Browning, CEO of Volkswagen Group of America…. Continue Reading...

Americans Won’t Switch To Electric Vehicles Until Gas Hits $4.50 a Gallon

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Americans Won’t Switch To Electric Vehicles Until Gas Hits $4.50 a Gallon
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A new Harvard study has found that electric vehicles won’t be accepted by the American public until gas hits $4.50 per gallon. The study also found that surprisingly, over the life of the car, plug-in hybrids like the Chevrolet Volt cost $5,377 more than gas powered cars. The story is the same for the Nissan… Continue Reading...

Obama Cuts Funding To Clean-Diesel, Fuel-Cell Vehicles

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Obama Cuts Funding To Clean-Diesel, Fuel-Cell Vehicles
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Last year, the Obama Administration heavily backed Detroit’s automakers with a big helping of government funding. The bail-out money that was partly provided to General Motors and Chrysler, was for these companies to develop and sell hybrids, plug-in hybrids and pure electric vehicles. The end result was the hardly amazing Chevrolet Volt. However, the Obama… Continue Reading...

Chevrolet Volt Costs $40,000 To Build: Former Car Czar

Chevrolet Volt Costs $40,000 To Build: Former Car Czar
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Steven Rattner, the man appointed by President Obama to oversee the auto industry bailout, claims that internal GM documents that were analyzed in the early days of the bailout pegged the cost of producing a Chevrolet Volt at $40,000 per car. “At least in the early years, each Volt would cost around $40,000 to manufacture… Continue Reading...

Report: Obama Signs $2 Billion Cash-for-Clunkers Extension

Report: Obama Signs $2 Billion Cash-for-Clunkers Extension
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A week after reports that the original $1 billion allocated for the Cash-for-Clunkers program was running low, President Obama today signed into law an additional $2 billion that will keep the program running and fuel a rebounding auto industry. In just two weeks since the original bill was passed the Cash-for-Clunkers or CARS (Car Allowance… Continue Reading...

Breaking: Cash-for-Clunkers Program to be Suspended as Funding Dries Up

Breaking: Cash-for-Clunkers Program to be Suspended as Funding Dries Up
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  If you’ve been trying to decide whether or not to trade in your gas guzzler on a new fuel-efficient model and cash in on the government’s $4,500 CARS rebate, you’ve waited too long. The program, funded with 1 billion dollars of tax payers’ money is already running low – just six days after the… Continue Reading...

Breaking: New Chrysler Incentive Doubles Cash-for-Clunkers Rebate

Breaking: New Chrysler Incentive Doubles Cash-for-Clunkers Rebate
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In a bid to get inventory moving out of showrooms in a hurry, Chrysler has decided to offer a new incentive program that would double the value of the government’s cash-for-clunkers program. Chrysler will offer $4,500 off (or 0 percent financing for 72 months) on most of its 2009 inventory – excluding the Dodge Challenger,… Continue Reading...

Report: BMW Looking to Bring Back 4-Cylinder Engines to the U.S.

Report: BMW Looking to Bring Back 4-Cylinder Engines to the U.S.
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BMW is looking at bringing back for-cylinder engines to the U.S. in order to meet tough new fuel-economy regulations. BMW’s engineering boss, Tom Baloga, told Bloomberg that the smaller and more fuel-efficient engines were likely needed in order to meet the Obama Administration’s 2016 CAFE regulations, which call for a new fleet average of 35.5… Continue Reading...

Canada Exploring $3,500 Cash-for-Clunkers Program

Canada Exploring $3,500 Cash-for-Clunkers Program
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The Canadian government is currently examining if it will pass a cash-for-clunkers bill that could see consumers get up to $3,500 (CDN) towards a new car when they trade in their older and less fuel-efficient model. Environment Minister Jim Prentice said a decision on the matter will be made within the next 60 days, as… Continue Reading...

GM Looks to Exit Bankruptcy Court By Thursday as Asset Sale Approved

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GM Looks to Exit Bankruptcy Court By Thursday as Asset Sale Approved
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Late Sunday a judge approved the sale of GM’s assets to a group comprised of the U.S. government, the UAW and the Canadian and Ontario governments under the name NGMCO, Inc. The decision will see GM exit bankruptcy court quickly with the ‘New GM’ assets going to NGMCO, while the ‘Old GM’ assets will be… Continue Reading...

President Obama Signs Cash For Guzzlers

President Obama Signs Cash For Guzzlers
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After passing through both the Senate and the House, the Cash-for-Guzzlers bill has been signed by President Obama. Known also as Cash-for-Clunkers, the official name of the legislation is CARS – the Car Allowance Rebate System. Vehicles that are traded in must get 18 mpg or worse and be newer than 25 years old. For… Continue Reading...

“Cash for Guzzlers” Approved by House

“Cash for Guzzlers” Approved by House
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Late yesterday the House of Representatives approved a bill that would offer consumers up to $4,500 to trade in their vehicle on a more fuel-efficient machine. The legislation must now go before the Senate before President Barack Obama is expected to give it final approval. The bill passed with a strong majority of 298 to… Continue Reading...
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