US Government Sells Off 58.4-Million GM Shares This Year

US Government Sells Off 58.4-Million GM Shares This Year
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As the U.S. Treasury Department looks to sell off its remaining shares of General Motors stock, its April report to Congress stated that it has sold 58.4-million shares so far this year, earning net proceeds of $1.6 billion. Continue Reading...

Washington Considers Road Fees for Electric Vehicles

Washington Considers Road Fees for Electric Vehicles
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However, state anti-tax activists in Washington, say that the proposal is not a fee but a tax and should be subjected to a two thirds vote in both the Senate and the House of Representatives before being approved, making it harder for it to to actually become law. Continue Reading...

Dealers Investigated For “Cash For Clunkers” Fraud – $94 Million At Stake

Dealers Investigated For “Cash For Clunkers” Fraud – $94 Million At Stake
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The United States Federal Government’s cynical Keynesian vehicle scrappage program scheme was by all accounts a success (if you believe that blind consumption is a win), but some dealers apparently skirted the rules, and now the government is looking for dealers who may have gamed the system – and may withhold $94 million in rebates… Continue Reading...