As we enter 2009, many consumers and dealerships are slowly becoming more confident in the car manufacturers. As Michelle Miller reports, it may be due to a huge infusion of cash into the auto industry, higher cash rebates, and lower interest rates.
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On February 24, 2009, Freedom Party leader Paul McKeever was a panelist on the CTS (Crossroads Television) programme “On the Line” with host Christine Williams. In this segment, the panel discusses whether or not the government should bail-out struggling auto manufacturers…but the principles are the same, whether the issue is auto manufacturers, or banks, or bowling alleys. Whatever. The new funds will bring the total auto industry bailout ever-closer to the $200 billion mark. Anyway, should the legislation pass muster,the electric vehicle industry will feel the love. Here’s the wording . …. Such applications may be jointly sponsored by electric utilities, automobile manufacturers, technology providers, car sharing companies or organizations, or other persons or entities. (d) Use of Funds- Pursuant to applications received under subsection … President Obama signs cash for clunkers bill President Obama today signed the “ cash for clunkers ” law, now known as “Car Allowance Rebate System,” that has been touted as a key stimulator for the auto industry and an environmental aid. The law provides $1 billion in funding, with $50 million allocated for administration. The specific guidelines for the program will be revealed in the next 30 days, when the plan takes effect on August 1. The CARS program is intended to encourag If you thought the Obama administration was finished putting a hammerlock on the United States automotive industry, think again. On Wednesday, Energy Secretary Steve Chu announced that the first loans have been finalized from the $25 billion Advanced Technology Vehicle Manufacturing Program – a pot of money that will be doled out by the Department of Energy to help manufacturers offset retooling costs in converting factories to build eco-friendlier cars. Among the lucky applicants receiving app |
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