Auto sellers leave plan Aug 20, 2009
Transportation Secretary Ray LaHood assured car dealers Wednesday that they will be reimbursed for the money they have fronted to customers buying cars under the program, responding to complaints over a backlog of rebate payments. Dealers must pay the rebates out of pocket and wait for reimbursement from the federal government. (Albany Times Union)
Judge backs Merck in Singulair patent case Aug 20, 2009
TRANSPORTATION SECRETARY Ray LaHood assured car dealers Wednesday that they will be reimbursed for the money they have fronted to customers buying cars under the Cash for Clunkers program, responding to complaints over a backlog of rebate payments. SHIPPING GIANT UPS is being accused in a lawsuit of not paying overtime to account managers who go door-to-door making sales pitches to businesses. (The Augusta Chronicle)
LETTER: Look at a list of what Palin doesn't have Aug 20, 2009
----------- I am glad you and your mother we blessed and had money to sink into CDs, but I hope you werent buying cars or houses or were part of the large increase in the unemployed. I was a purchasing agent in a manufacturing firm during his time and it sure played heck with our long term financing and on the pricing of materials. (Mattoon Journal-Gazette, IL)
Survey shows US automakers making improvements Aug 19, 2009
Fornell said keeping customers happy is key for the automakers, especially at a time when less people are buying cars, because they will be more likely to come back the next time they need a new vehicle. GM's Cadillac and Toyota's Lexus brands tied for first place in the survey with scores of 89 out of 100. (Ionia Sentinel-Standard, MI)
‘Clunkers’ deal boosting area car sales Aug 15, 2009
It has created an excitement and people are buying cars, he said. I think they did what they tried to accomplish with the stimulus package. (Brenham Banner, TX)
Cashing in: Clunkers program driving vehicle sales Aug 15, 2009
"It's getting people interested in buying cars," said Tom Holdiman. "It's got them thinking, even if they can't afford a new car.". (Waterloo Courier, IO)
New jobless claims rise unexpectedly to 558K... Aug 14, 2009
But some analysts people buying cars under Cash for Clunkers might be holding that money back from other sectors of the economy where they might otherwise spend it. Some of Europe's largest economies also benefited from government programs to support the auto industry. (The Drudge Report)
Zimbabwe: Salaries Require Holistic Approach [editorial] Aug 14, 2009
This is made the more insurmountable because the Reserve Bank of Zimbabwe, which was assisting Government to meet its obligations through quasi-fiscal activities that saw the central bank buying cars and other necessities for the entire Government, has since stopped the practice. But we believe that as all sectors of the economy rebound, so will be the return of such incentives as vehicle purchase schemes, which well-paid skilled workers such as doctors can make use of to buy cars. (allAfrica.com)
Company changing its advertising tone Aug 12, 2009
There's no better time than now, as thousands of Americans who normally wouldn't be buying cars are lured into showrooms by the government's cash-for-clunkers trade-in program, promising up to 4,500 off a car if vehicles with poor gas mileage are traded in ... misshoneybee wrote on Aug 11, 2009 12:26 PM:" I have been buying cars for a lot of years and GM brands have never confused me. Maybe they confuse Mr. Obama, the former CEO of General Motors. I'm still a little _issed that GM stopped making... (Jefferson City News Tribune, MO)
Dealerships love Cash for Clunkers Aug 12, 2009
When people are buying cars a lot of other people have jobs. As an added incentive, on Friday General Motors began offering 0% interest for 72 months for qualifying purchases. (Camden Chronicle, TN)
Rats, hornets, vandalism nothing much surprises foreclosure specialist Aug 9, 2009
Rats, hornets, vandalism nothing much surprises foreclosure specialist. By TODD LEWAN - Associated Press - 08/09/09. (Helena Independent Record, MT)
Cities buy into shop local campaigns Aug 9, 2009
Gift cards for buying cars in Elk Grove. A promotion for shoppers to spend $30 on Aug. 30 in Davis. (Sacramento Business Journal, CA)
The "Flat Is the New Up" Gabfest Aug 8, 2009
Dan retorts that the program is only partially for the environment and it serves more as an icon for the public that citizens are buying cars again. As Congress goes to recess, many members are holding town halls to discuss health care with their constituents. (Slate)
US boosts car scrappage by $2bn Aug 7, 2009
"Consumers are not going to keep buying cars. It is a temporary one-time gimmick, not a long-lasting tonic for the recovery.". Bookmark with. (BBC News -- Americas)
Congress OKs $2B Refill of 'Cash for Clunkers' Aug 7, 2009
"Consumers are not going to keep buying cars. It is a temporary one-time gimmick, not a long-lasting tonic for the recovery.". In the program so far, GM's share of cars sold is largest, accounting for 18. (Time.com)
Analysis: Clunker cash won't drive recovery Aug 6, 2009
"Consumers are not going to keep buying cars. It is a temporary one-time gimmick, not a long-lasting tonic for the recovery.". Clunker cash no doubt motivated people already thinking about buying a new car to lock in the deal. (San Francisco Chronicle -- Politics)
Click to read:Senate Reaches Cash-for-Clunkers Deal Aug 6, 2009
Senate Reaches Cash-for-Clunkers Deal - CBS News. WASHINGTON, Aug. 5, 2009. (CBS News)
Missouri restaurant association offering incentives Aug 5, 2009
There are government stimulus plans for buying cars and homes. Now comes a private-sector stimulus for eating out. (Jefferson City News Tribune, MO)
Sirius XM Looking Up Aug 5, 2009
Part of the upswing could be due to the governments Cash for Clunkers program, as many people are buying cars and many of these cars are coming pre equipped with Sirius XM Radios. Sirius needs to ride out all the negativity and make themselves look cool again. (Multichannel News)
Is Cash for Clunkers a Waste of Money? Aug 5, 2009
Gattuso warned that while people might be buying cars the gains from their purchases won't overcome the lost economic activity from using the government dollars for more productive programs. "The money has to be taxed or borrowed. It doesn't come from thin air," Gattuso said. (ABC News -- Business)
2010 Taurus Muscles Up to Lift Ford Aug 5, 2009
"Some people questioned whether you launch a new product in a down economy but we think this is a car that will get people excited about buying cars again," said Amy Marentic, Ford's Car Marketing Manager of Large Cars and Crossovers. The new Taurus en route to showrooms is offered in SE, SEL, Limited and Super High Output (SHO) trim. (ABC News -- Business)
Toyota reports $819 million quarterly loss Aug 5, 2009
Daily American - Toyota reports 819 million quarterly loss. The maker of the Corolla subcompact and Lexus luxury models said Tuesday it expects a 450 billion yen ( 4. (Somerset Daily American, PA)
Cash for clunkers: Buy a new car this weekend? Aug 4, 2009
I believe all this program is doing is accelerating when people would be buying cars. You have to realize that the majority of people doing this program were probably going to buy a car in the next few months any way. (Atlanta Journal-Constitution -- Business)
Senate Under Pressure to Extend "Clunkers" Aug 4, 2009
LaHood said 62 percent of the traded-in vehicles were trucks and "these people are buying cars that get much better gas mileage." ... I hope the Senate doesn't pass it unless their is a stipulation that it applies to buying cars made in the USA only. (CBS News)
Read 'Cost of Freedom' recap Aug 4, 2009
Philosophically it's stupid, yes, but if you have to give the auto companies money because no one is buying cars, or give people money to buy their cars, I would prefer the latter. I wish they would do more of this and less of the loans to GM, etcetera. (Fox News)
Ford sales rise on ‘clunker’ credits Aug 3, 2009
Ford s increase was due chiefly to the clunkers program, which offers credits of as much $4,500 for trading in older, less fuel-efficient models and buying cars and light trucks that get better fuel economy, said Ken Czubay, the automaker s US sales and marketing chief. Ford sold 156,406 vehicles in July 2008. (Boston Globe)
Car rebate funding exhausted Aug 3, 2009
LaHood said 62 percent of the traded-in vehicles were trucks and "these people are buying cars that get much better gas mileage." The program helped lift Ford Motor Co. to its first monthly sales increase in two years, the company's top sales analyst said Sunday. July sales results mark the first year-over-year gain for Ford since November 2007 and apparently the first uptick by any of the six biggest carmakers since last August, George Pipas said. (Pocatello Idaho State Journal, ID)
Transportation secretary lobbies for clunkers Aug 3, 2009
LaHood said 62 percent of the traded-in vehicles were trucks and these people are buying cars that get much better gas mileage. . (MSNBC -- Business)
LaHood: $2B Needed to Save Car Rebates Aug 3, 2009
LaHood said 62 percent of the traded-in vehicles were trucks and "these people are buying cars that get much better gas mileage.". The program helped lift Ford Motor Co. to its first monthly sales increase in two years, the company's top sales analyst said Sunday. (CBS News)
South Africa: ANC Needs Urgent Reform to Retain Support Aug 2, 2009
Given that South Africa is in a recession, but leaders splash out in conspicuous consumption frenzies, buying cars of R1. 5m, and having large 'blue-light' entourages, with armies of bodyguards, drivers, assistants, and then for good measure regularly throwing huge parties on taxpayers' money, has enraged many ordinary long-suffering citizens. (allAfrica.com)
Levin: 'Cash for Clunkers' to go on 'until further notice' Aug 1, 2009
We have been told by the White House that people can keep buying cars under the program until further notice. We dont know how long it will last, so people should go to their car dealers now if they want to take advantage of the program. (USA Today -- Money)
The One Thing Aug 1, 2009
And press secretary Robert Gibbs sounded like Joe Isuzu as he told Americans to keep on buying cars all weekend long. But what really happened here. (Fox News)
Few among Brookline business owners worried about sales tax increase Jul 30, 2009
That contrasts with media reports of more people buying cars before Aug. 1. Saikali said that the sales tax increase won t affect his business. (Brookline TAB, MA)
Dealers saying clunker rebates drawing in buyers Jul 29, 2009
This is a very good time to be buying cars in America; the very best. . (MSNBC -- Business)
Local Car Buyers Participate in 'Cash for Clunkers' Program Jul 28, 2009
The government hopes the program gets Americans buying cars again and some of the worst polluters off the road for good. They have set aside $1 billion to help drivers buy new, more fuel-efficient vehicles. (ABC 7 News, DC)
Auto dealers hoping to see rush of bargain hunters Jul 24, 2009
We ve had, on average, about eight people a day in the past week buying cars, when typically it would be four or five. Those interested in buying a Chrysler, Dodge, or Jeep may have an additional motivation for buying a car before November. (Boston Globe)
E.K. Al Roberts (2) Jul 24, 2009
He loved a beautiful yard, azaleas and buying cars and bragged about his great-granddaughters. Grateful for having shared his life is his wife Irene, daughter Susan Stilwell of Sioux Falls, S.D, and son David K. (Janet) Roberts of Mason City; five grandchildren: Peter (Erika) Stilwell, Dallas, Texas, Amy (Jade) Benson, Kansas City, Mo. (Charles City Press, IO)
Perodua on track to achieve 2009 sales target Jul 21, 2009
He said the low interest rates and strong financial system in Malaysia would make for a conducive environment for buying cars. Things are getting better for the local automotive industry, he said. (The Star Online, Malaysia -- Business)
'Clunkers' plan includes BMW, Porsche Jul 21, 2009
A vote, a stroke of the pen, a desire to get Americans buying cars and a mandate to shrink greenhouse gas emissions have turned a fleet of old Audis, BMWs, Acuras and other luxury cars into clunkers overnight. The Consumer Assistance to Recycle and Save Act of 2009 - also known as "Cash for Clunkers" - will offer vouchers of up to $4,500 for car owners who trade in their old fuel-slurping cars for new models that can really stretch a tank of gas. (AZCentral -- Business)
New-home sales drop to decade-low Jul 18, 2009
The Gregory Group founder Greg Paquin noted that personal savings rates are up and that consumers aren t buying cars or dining out as much ... If people aren t buying cars, they re not going out to eat. (Sacramento Business Journal, CA)
' + dsq_num_posts + ' Comment' + (dsq_num_posts != 1 ? 's' : '') + ' Jul 17, 2009
She said the Oger took a risk in buying cars with questionable backgrounds, such as the car seized by law enforcement. Whats more important to remember, Piper said, is that Nolan Brown brought scrutiny on to the car lot by allegedly possessing meth. (Enumclaw Courier Herald, WA)
Tab hits $95.7 billion for bailout of General Motors, Chrysler and parts suppliers Jul 15, 2009
It preserves a home-grown auto industry in the U.S. It holds out thehope that if theeconomy recovers and peoplestart buying cars again, they might choose aGM or Chrysler modeland that the government might eventuallyget some or all of its money back. Tags. (USA Today -- Money)
Schweitzer should examine own role in GM’s decision Jul 15, 2009
Nancy wrote on Jul 14, 2009 4:48 AM:" Don,No one is buying cars right now, so perhaps GM doesn't need what Stillwater is mining, no matter what Stillwater's products are priced at. However,is there any evidence that Montana's environmental regulations exceed those of other states? Our family business isn't mining, but I've found Montana a wonderful place to do business, with friendly, english-speaking government employees eager to help you succeed. Ross Perot was partially right, however, about... (Missoulian, MT)
Read the story Jul 12, 2009
Even today, while most are buying small cars, not a lot of people are buying cars at all ... The reason GM is in financial troubles since the Summer of 2008 is that in a Recession everyone stops buying cars period especially the big expensive SUVs regardless of the Manufacturer. (CBS News -- Evening News)
GM's eBay plan: What about the dealers? Jul 11, 2009
"It will fundamentally change the interface between dealers and people buying cars," says Nerad, whose company is in the process of putting dealer inventories on. Even if GM works out the bugs in its plan, will Americans be willing to buy a new car without kicking the tires. (Christian Science Monitor -- USA)
Aerospace cuts concern expert Jul 10, 2009
Buying cars is one thing, but defending the country is another, he said. While the Dayton region seeks to align its economic future with the base, amid a battered auto industry that has been its bedrock, Moseley said area Congressional and development officials have done a good job advocating for the region. (Dayton Business Journal, OH)
More Tax Breaks Eyed For Natural Gas Cars Jul 10, 2009
WASHINGTON -- Hoping to spur alternative vehicles, lawmakers want to double the size of tax breaks for buying cars that run on natural gas. Senators joined Texas oilman T. Boone Pickens on Wednesday to propose legislation that would increase tax credits for natural gas that were created by a 2005 energy law. (Click2Houston, TX)
Auto supplier Lear files for Chapter 11 Jul 8, 2009
Auto suppliers have been hammered by the economic downturn as consumers continue to avoid buying cars and trucks and automakers slash production. The Chapter 11 filings by and Chrysler Group LLC and the idling of most of their factories have has dealt a particularly hard blow to the auto supply base. (Boston Globe)
Judge Approves GM Asset Sale Jul 7, 2009
But it's still operating in an environment where fewer American are buying cars. At the current pace, automakers will sell around 9. (Fox News)
China's system beyond the system Jul 3, 2009
Worse still is the ever-expanding consumption of public funds by officials (called "san gong xiaofei" in Putonghua, meaning three types of public-fund spending: buying cars, making overseas trips and wining and dining). It is no secret that Chinese officials spend public funds on personal entertainment. (Asia Times Online)
The Company Behind the Hyundai Gas Offer Jun 30, 2009
And some people took additional cash incentives for buying cars instead of [the Pricelock card. The Chrysler Pricelock program is good for three years, and if gas prices migrate up again, people can use those Pricelock cards again. (BusinessWeek)
Nanny: I Had To Pump Jackson's Stomach Jun 29, 2009
Millions in India and China are buying cars and polluting at a rate far greater than the US--but will be taxed to death and paying triple the cost for electricty for no reason with "cap and trade." It's not about the environment. we're talking Washington DC here. (CBS News)
$50,000 Car Brouhaha The Case of Nigeria, Kenya and Zambia Jun 28, 2009
In a country where a gazetted policy forbids the government from buying cars for public officers, the House of Representatives is alleged to have paid almost N500 million above the showroom price of the 380 units of Peugeot 407 cars acquired at a whooping N2. 3 billion. (Ghana Web, Ghana)
Closing dealers: 'What are they thinking?' Jun 23, 2009
Sioux City Journal : Closing dealers: 'What are they thinking. SIOUX CITY -- What are they thinking. (Sioux City Journal)
Bravo's 'NYC Prep' peaks inside world of rich kids Jun 23, 2009
"It's just easier to portray them as snobs ... buying cars, cool cars, driving around, getting all the girls they want, doing a ton of drugs, partying," Oppenheim says. "It's just an easy way to create, like, a really cool fictional character.". (Orangeburg Times and Democrat, SC)
Toyota shareholders OK founder's grandson as head Jun 23, 2009
The company has been hit hard by the global slump as buyers hold off from buying cars, particularly in the U.S., Europe and its home market of Japan. Watanabe apologized to shareholders for the red ink Toyota had racked up over his tenure, and promised to carry out cost cuts. (The Star Online, Malaysia -- Business)
Sirius XM to unveil iPhone Apple Jun 18, 2009
Sirius currently has about 19 million subscribers, most of which signed on when buying cars that had the necessary equipment built in to a newly purchased vehicle. (Agencies). (Xinhuanet, China)
GM agrees to sell Saturn brand Jun 6, 2009
Many customers also like buying cars sold for one price, eliminating the need to haggle, Corder said. "I would expect that the model that we're putting together, the distribution model, will be profitable Day One," Penske said in an interview with The Associated Press. (Yahoo News -- Auto Racing)
Jim Reddaway installs a limit switch on a chair mold Wednesday at Mach Mold Inc. in Benton Township. Company President William Mach said Southwest Michigan manufacturers are feeling the pain of the American auto industry\'s problems. Don Campbell / H-P staff Jun 6, 2009
Both Fette and Mach said the most important factor in the auto industry's recovery from bankruptcy is how quickly the overall economy improves so that people start buying cars in large numbers again. GM told another 250 dealers this week that it will let their franchise agreements expire in October 2010. (The Herald-Palladium)
Carole Estabrook: Library visit a great bargain Jun 2, 2009
Blame it on gas prices, but people just aren't buying cars or driving them like they used to. And why would they. (Auburn Citizen, NY)
GMSA will not be affected by woes abroad - Koch Jun 2, 2009
To allay consumers' fears of buying cars from a company they think may be unable to supply parts in the future - or may completely disappear - Koch said: "GMSA Africa and our distribution partners will continue to provide full sales and aftersales backing for all our vehicles including honouring all warranties, service and maintenance plans, parts supply and all other areas of aftersales support for the Chevrolet, Isuzu, Opel, HUMMER, Saab and Cadillac brands." - Sapa. BUSINESS SERVICES. (Business Report, South Africa)
Restructuring officer a veteran Jun 2, 2009
The real challenge will be whether consumers start buying cars again, Sarachek said. Koch did not respond Monday to an e-mail from The Associated Press seeking comment. (AZCentral -- News)
What makes a man wear a hat? Jun 2, 2009
"People were also getting more affluent - they were buying cars, and weren't needing to wear hats.". There have been cheerleaders for the recent men's hat revival. (BBC News -- UK)
GM's restructuring officer a veteran of the game Jun 2, 2009
The real challenge will be whether consumers start buying cars again, Sarachek said. More on this story. (MSNBC -- Business)
New GM beginning to emerge May 30, 2009
The problem is you cant see that because revenue died, because nobodys buying cars. . (MSNBC -- Business)
