What CARS? Maybe Cash for Refrigerators...
6 Aug 2009, 10:52 UTC · By: Bogdan Popa / Senator John McCain is one of those who believe that approving an extra $2 billion package for the amazingly-popular Cash for Clunkers scheme is a bad, bad idea. He thinks that the Senate should rej...
Senate Agrees with $2B Cash for Clunkers Extension
6 Aug 2009, 10:14 UTC · By: Bogdan Popa / The United States Senate finally reached a long-awaited deal on extending the Cash for Clunkers scheme late Wednesday. Democrats and Republicans will vote on the plan on Thursday which will bring an...
GM to Allow Early Dealer Termination, No Penalties
6 Aug 2009, 08:59 UTC · By: Daniel Patrascu / American manufacturer GM announced it has decided to allow its rejected dealers to close before january 1, 2010, should they desire so, without applying any penalties. "We're trying to be ...
Audi Adds $1,000 Over CARS Incentive
6 Aug 2009, 07:19 UTC · By: Bogdan Popa / Even if some people are warning that the US Car Allowance Rebate System (CARS) might be halted due to the lack of funds, German manufacturer Audi announced a new incentive for buyers who purchase on...
Dealers CARS Payments Begin
5 Aug 2009, 13:30 UTC · By: Daniel Patrascu / US Secretary of Transportation Ray LaHood announced last night that dealers participating in the Car Allowance Rebate System (CARS) will begin getting reimbursed for the cash for clunkers incentive ...
Magna Works Overtime to Meet CARS Demand
5 Aug 2009, 10:47 UTC · By: Daniel Patrascu / The success of the recently introduced Car Allowance Rebate System (CARS) has made carmakers work frenetically to meet the increasing demand from customers. As cars can't be built without parts...
Senate Likely to Pass the $2 Billion
5 Aug 2009, 09:31 UTC · By: Bogdan Popa / At least this is what Transportation Secretary Ray LaHood hopes to happen this week, as voices claiming the program might run out of cash by this weekend are getting more support from officials clos...
Chrysler Excited with July 2009 Sales
4 Aug 2009, 10:57 UTC · By: Bogdan Popa / How else could it be since together with General Motors and Ford it accounted for 47 percent of all CARS sales? Chrysler posted a 30 percent sales increase in July compared to the previous month, wi...
Ford Focus Is Cash for Clunkers' Best Seller
4 Aug 2009, 09:52 UTC · By: Bogdan Popa / The Car Allowance Rebate System really helped the Detroit Three, as General Motors, Chrysler and Ford take 47 percent of all new car sales through the scrapping schemes. The figures have been provid...
CARS Additional Funding Support Grows
4 Aug 2009, 08:08 UTC · By: Daniel Patrascu / Despite the wave of criticism these past few days, the support for the $2 billion boost for the Car Allowance Rebate System appears to be growing. Yesterday, the White House stepped up the pressure ...
Ford Runs High in the US Thanks to CARS
4 Aug 2009, 06:53 UTC · By: Bogdan Popa / Ford is one of the companies that benefited the most from the US scrapping scheme nicknamed Cash for Clunkers. The American manufacturer revealed in its financial results for July 2009 that Ford, Li...
GM July Sales, Down 19 Percent
4 Aug 2009, 06:18 UTC · By: Daniel Patrascu / American manufacturer GM posted last night its sales figures in the US for July and the numbers, they say, are encouraging. The company sold a total of 189,443 vehicles, more than last month yet les...
No More Double Cash from Chrysler
3 Aug 2009, 12:05 UTC · By: Bogdan Popa / As we told you in July, Chrysler had an interesting approach over the US Car Allowance Rebate System (CARS), offering up to $4,500 to consumers who agree to trade-in an old car and purchase a new Ch...
Dealers Set Up Auto Stimulus Plan
3 Aug 2009, 10:23 UTC · By: Daniel Patrascu / Seeing their sales sky rocketing and then in threat of smashing back down, several large automotive retailers in the US thought of their very own version of the Car Allowance Rebate System (CARS), T...
Toyota Adds New Staff to Cope with US High Demand
3 Aug 2009, 08:31 UTC · By: Bogdan Popa / Mission accomplished for the US scrapping scheme as it not only improved car and truck sales, but also convinced automakers to hire new staff in order to cope with high demand across the country. Su...
Ford to Post First Monthly Rise in Two Years
3 Aug 2009, 07:58 UTC · By: Daniel Patrascu / American manufacturer Ford is reportedly going to post its US sales for July and it is said to register the first rise in vehicles sold in almost two years and the first increase for any of the larg...
US to Support CARS Until Senate Acts
3 Aug 2009, 07:24 UTC · By: Daniel Patrascu / The fears dealers have raised regarding the lack of funds for the Car Allowance Rebate System (CARS) to run successfully have been addressed on Sunday by US Transportation Secretary Ray LaHood, who ...
Mazda Applauds Cash for Clunkers Results
3 Aug 2009, 07:00 UTC · By: Bogdan Popa / There's no doubt the Car Allowance Rebate System (CARS) established by the US government and rolled out last Monday brought at least surprising results. At least from our point of view, the con...
Subaru Expects Best Month Ever in the US
3 Aug 2009, 06:35 UTC · By: Bogdan Popa / Subaru of America expects a 30 percent increase in sales in July compared to the same month of the previous years, citing, of course, the shockingly successful CARS scrapping scheme as the main reas...
$2 Extra Billion for Cash for Clunkers
1 Aug 2009, 11:07 UTC · By: Bogdan Popa / The White House administration has decided to inject an extra $2 billion in the Cash for Clunkers nationwide scheme after dealerships across the country raised concerns that the initial funding pack...