Cash-for-Guzzlers Bill Proposed by Democrats

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Cash-for-Guzzlers Bill Proposed by Democrats
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The Democrats have proposed an incentive program to help-out potential car buyers and the U.S. auto industry. The only problem is, the gas-for-guzzlers legislation isn’t aimed at boosting car sales in the general sense. The bill would provide up to $4,500 for people who trade in low mpg cars and trucks, to spend on a… Continue Reading...

German Car Sales Up 19 Percent in April

German Car Sales Up 19 Percent in April
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The German government’s incentive plan to get its citizens buying cars continues to be a success with sales of new vehicles up 19 percent over the same period last year. In total 380,000 units were sold, as people cashed-in on the government’s scrappage plan that provides 2,500 Euros (or roughly $3,200) towards a new vehicle… Continue Reading...

Car Scrappage Plan and Auto Tax Deductions Coming says Obama

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Car Scrappage Plan and Auto Tax Deductions Coming says Obama
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Photo Courtesy whitehouse.gov While President Barak Obama’s press conference on what his administration is doing to solve the crisis in the U.S. auto industry focused mostly on helping out General Motors and Chrysler, he did give brief mention of a few initiatives aimed at jump-starting car sales at the consumer level. Two main programs were… Continue Reading...

Ford Canada Asks for Government “Scrappage” Plan

Ford Canada Asks for Government “Scrappage” Plan
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Ford Canada is asking the Canadian government to put in place a vehicle scrappage plan like the one currently in effect in Germany. Ford Canada CEO David Mondragon told a parliamentary committee that Ford isn’t looking for a bailout and instead suggested a plan that would include $350 million ($270 million U.S.) for a scrappage… Continue Reading...