Gas Prices Reach an Average of $3.90 Per Gallon

Gas Prices Reach an Average of $3.90 Per Gallon
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That said, according to the Bureau of Economic Analysis, most Americans are spending less on fuel today than they did a generation ago, with 3.7 percent of national spending going to gasoline, as opposed to around 5 percent in the early 1980s. Continue Reading...

GM Working On A Low-Cost Fix For Volt Battery

GM Working On A Low-Cost Fix For Volt Battery
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The Chevrolet Volt was a big part of the restructuring deal General Motors had with the Obama Administration, when it applied for bail-out money. Now that the vehicle is here, it is not without its problems. Sales of this plug-in hybrid have not been great, and these days, everyone is talking about the recent crash-related… 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...

Obama’s Fuel Efficiency Push On Fleet Vehicles Could Increase Gas Use, Not Reduce it

Obama’s Fuel Efficiency Push On Fleet Vehicles Could Increase Gas Use, Not Reduce it
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President Barrack Obama’s initiative for government fleet vehicles to be able to run on alternative fuels like E85 ethanol, could result in higher gas consumption, rather than reducing it. That means, this project could end up doing the opposite of what it was set out to achieve. Only 1-percent of gas stations offer E85 in… 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...

Report: Obama’s Goal of 1 Million Electric Cars by 2015 Unreachable

Report: Obama’s Goal of 1 Million Electric Cars by 2015 Unreachable
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The Obama Administration has made a significant effort to increase the number of electric cars being produced, but according to a new report by Indiana University it won’t meet its goal of getting 1 million electric cars on the road by 2015. The report indicates that the current ‘production intentions’ of automakers won’t result in… Continue Reading...

Obama Administration Buys One Quarter of All Domestic Hybrids

Obama Administration Buys One Quarter of All Domestic Hybrids
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If you’re a skeptic of electric and hybrid vehicles and think the only reason they’re having any success in the market is because of support through government incentives then you’re going to love this. According to a new report by Bloomberg, the Obama Administration is responsible for purchasing almost a quarter of all hybrid vehicles… Continue Reading...

Report: New Cash for Clunkers Results List Two Trucks Amongst Most Popular Purchases

Report: New Cash for Clunkers Results List Two Trucks Amongst Most Popular Purchases
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When the U.S. government first released its list of the most popular Cash for Clunkers vehicles traded in as well as those purchased there seemed to be no surprises. It looked like consumers were getting rid of their Ford Explorers for Priuses. But after taking a longer look at the data, it seems that might… Continue Reading...

Report: Cash for Clunkers Boosts August Auto Sales

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Report: Cash for Clunkers Boosts August Auto Sales
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The U.S. auto industry showed continued improvement in the month of August, helped on by the Obama Administration’s Cash for Clunkers program. Ford was once again a big winner as sales increased 17.2 percent over last August, a significant improvement over the 2.4 percent growth in July – which was thought to be good at… Continue Reading...

Report: Cash for Clunkers Program Ends Monday

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Report: Cash for Clunkers Program Ends Monday
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Car owners hoping to take advantage of the “cash for clunkers” incentive program will have to do it by this Monday (Aug. 21) at 8 p.m., as the Obama Administration shuts down the popular program. U.S. Transportation Secretary Ray LaHood said the Car Allowance Rebate System (CARS), offering incentives for trade-ins, should have enough funding… 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...

Report: Parts-Maker ZF Says Production Ready Technology Can Cut Fuel-Consumption by 18%

Report: Parts-Maker ZF Says Production Ready Technology Can Cut Fuel-Consumption by 18%
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Auto parts maker and engineering firm ZF Friedrichshafen AG says that its new lineup of driveline modifications and transmissions, when combined, can deliver up to 18 percent better fuel-consumption on traditional gasoline powered cars. The results are even more impressive for hybrids, with total fuel-economy rising 30 percent. Harald Naunheimer, VP of research at ZF delivered… 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...

New GM Emerges from Bankruptcy

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New GM Emerges from Bankruptcy
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Today the sun rose on a New General Motors, a move which will also see the sun set on a lot of people’s careers. GM emerged from bankruptcy protection at 6:30 a.m. Eastern Time with news of a serious corporate restructuring plan that will take effect over the next few months. Due to leadership (and… Continue Reading...
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