The National Highway Traffic Safety Administration (NHTSA) could see a major boost in funding if President Obama has his way. Continue Reading...
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An active search is underway for a new administrator for The National Highway Traffic Safety Administration (NHTSA). Continue Reading...
President Barack Obama announced a new $200 million tax credit for the development of alternative fuel technologies in a continued effort to reduce U.S. oil consumption. Continue Reading...
President Barack Obama will outline a timetable today to introduce new fuel efficiency standards in medium- and heavy-duty vehicles. Continue Reading...
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...
Cries rang throughout the world last night as President Barack Obama clinched a second term in office, but what that means for the auto industry is still somewhat unclear. Continue Reading...
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...
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...
Likely behind countless sleepless nights among the world’s automotive engineers, the Obama administration’s mandate for improved fuel efficiency was expected to take effect yesterday, but the gun remains unfired. Continue Reading...
Former GM vice chairman and outspoken Chevrolet Volt advocate Bob Lutz is endorsing Mitt Romney despite his condemnation of the auto industry bailouts. Continue Reading...
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...
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 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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...