VIA CNN: NEW YORK (CNNMoney.com) — Ford Motor reported a surprise profit for the third quarter Monday, helped by a bump in sales from the Cash for Clunkers program, a reduced cost structure and problems at its U.S. rivals. The only major U.S. automaker not to file for bankruptcy this year earned earned $997 million, […]
(Washington, DC) — It’s the end of the road for the “Cash for Clunkers” program next Monday. The Obama administration is ending the popular initiative, which paid consumers up to 45-hundred dollars to trade in gas-guzzling vehicles for new, more fuel-efficient ones. Increased sales prompted General Motors to restart idled production lines, rehire workers and […]
The “Cash for Clunkers” deal may be placed in “park” soon. The government is eyeing early September as the time to conclude to the program so dealers don’t continue promising rebates to consumers after the money runs out. Under the program, consumers get up to a $4500 rebate for their gas-guzzling trade-ins. Copyright © 2009 […]
(Washington, DC) — The U.S. Senate is poised to refuel the “Cash For Clunkers” program by pumping in an extra two billion dollars. The effort hit a little detour last weekend when it ran out of cash. The House quickly reacted by moving billions from one part of the economic stimulus program into the “Clunkers” […]
VIA CHICAGO TRIBUNE: As government rebate program officially launches Friday, dealers are preparing for a rush to showrooms Meanwhile, Does Cash for Clunkers make sense for you? The program known officially as the Car Allowance Rebate System offers rebates of $3,500 to owners who relinquish cars rated at less than 18 miles per gallon to […]
