Used Cars Online

The American car is in danger of becoming extinct. President Obama has pledged to make America the leading manufacturer of green cars, but is it wise for the government be involved in the car industry?

Green cars make great PR. But the industry’s mainstay is still the same internal combustion gas engine that’s powered cars for a century.

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 …

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

The Obama Administration today announced $8 billion in conditional loan commitments for development of green cars, including some which is expected to create up to 650 Bay Area jobs. The money includes $5.9 billion for Ford Motor Company to transform factories across Illinois, Kentucky, Michigan, Missouri, and Ohio to produce 13 more fuel efficient models; $1.6 billion to Nissan North America, Inc. to retool their Smyrna, Tenn., factory to build advanced electric automobiles and to build an ad