While Truth About CASH FOR CLUNKERS Funds Remains Unclear More Money is Approved
Jul 31, 2009
AUTO CENTRAL - July 31, 2009: Late yesterday the Associated Press published a report stating that the CARS "Cash for Clunkers" program was being suspended because funds had run out (just days after the program commenced). AP cited an annonymous source. This source has still not been revealed. The story was published ev ... Continue reading
U.S. House Approves $2 Billion "Clunker" Extension
Jul 31, 2009
WASHINGTON July 31, 2009; John Crawley and Rick Cowan writing for Reuters reported that the U.S. House of Representatives approved on Friday a $2 billion extension of the "Cash-for-Clunkers" automobile sales incentive program. The Democratic proposal would run through September 30, 2010, and tap funds from an Energy De ... Continue reading
U.S. Law Makers Pushing Additional Cash for Clunkers Funding
Jul 31, 2009
WASHINGTON DC July 31, 2009; Richard Cowan writing for Reuters reported that legislation that would add $2 billion to a cash-for-clunkers program aimed at spurring U.S. automobile sales could move quickly through the U.S. Congress, Michigan Senator Debbie Stabenow said on Friday. Speaking to reporters, Stabenow and fel ... Continue reading
NADA: 'Clunkers' Money Going Quickly
Jul 31, 2009
WASHINGTON, July 31 /PRNewswire-USNewswire/ -- Due to substantial consumer interest in the "Cash-for-Clunkers" program, the funding allocated for the program is being claimed very rapidly. In response, NADA Chairman John McEleney, a multi-franchise dealer in Iowa, issued the following statement: "Without question, the ... Continue reading
Congressman Chaka Fattah Calls for Continuation of Cash for Clunkers
Jul 31, 2009
Congressman Chaka Fattah (D-PA) releases the following statement on the need for more funding of the car program. WASHINGTON, July 31The success of the cash for clunkers program is evident. Americans want to drive more fuel efficient automobiles and dealers want to sell more cars. In conjunction with the Administration ... Continue reading
Used-Car Sales Taken for a Ride by Cash for Clunkers
Jul 31, 2009
Washington DC July 31, 2009; The AIADA newsletter reported that used-vehicle sales are hitching a ride on the Cash for Clunkers bandwagon, some dealers say. But others caution that the program will hurt the used-vehicle market down the road. According to Automotive News, some consumers â lured into new-car dealers ... Continue reading
DOT Says "Cash for Clunkers" Program Still in Effect
Jul 31, 2009
Despite widespread reports yesterday evening, Cash for Clunkers has not been suspended. However, NHTSA has expressed concern over the program's funding levels. "Clearly, this has been a very stimulative program that's got consumers back into the car market. It's our hope that possibly more funds can be made available," ... Continue reading
Which? Report Wrongly Implicates Vauxhall
Jul 31, 2009
A report published by Which? Car magazine today has wrongly implicated Vauxhall Motors in what it describes as a "Car scrappage price hike scheme". ... Continue reading
Continental AG Plans Capital Increase
Jul 31, 2009
Continental AG, Hanover, plans a capital increase to strengthen its financial structure. The company's Supervisory Board accepted the proposal submitted by the Executive Board to prepare a capital increase of up to EUR 1.5 billion within the framework of the corporation's authorized capital. ... Continue reading
Skoda Auto Ends the First Six Months Of 2009 With Positive Results
Jul 31, 2009
Despite the ongoing global economic crisis, the Czech Republic's biggest car manufacturer, Skoda Auto, has achieved positive results in the first half of 2009. The Company's operating result is CZK 4.2 billion which, however, is less than a half of the amount achieved over the same period of last year. Converted to EUR ... Continue reading
Porsche Head of PR Anton Hunger Retires
Jul 31, 2009
Anton Hunger (60), long-time Head of Public Relations at Dr. Ing. h.c. F. Porsche AG and since 2007 of Porsche Automobil Holding SE, this friday retires from his position after 17 successful years with the producer of sporty luxury cars. By request from the new Porsche CEO Michael Macht he will make himself available i ... Continue reading
Suzuki Reveals New 2010 Kizashi Sedan - COMPLETE VIDEO
Jul 31, 2009
⢠Kizashi concept series culminates with world introduction of all-new Suzuki sport sedan. ⢠Chic Kizashi production model to deliver Japanese quality and European flair. ⢠North American Car of the Year contender to serve as halo vehicle for maturing Suzuki lineup. ⢠Kizashiâs exhilarating per ... Continue reading
Jul 31, 2009
After several consecutive record years, Automobili Lamborghini S.p.A. reports a decrease in worldwide sales for the first six months of the financial year 2009 (which ends 31/12/2009). In spite of the massive economic downturn in Lamborghini´s major markets the company is still among the few car companies maintaining ... Continue reading
Daimler at the St. Moritz Art Masters 2009 Festival
Jul 31, 2009
As a committed patron of the arts and culture, Daimler AG is once again supporting the "St. Moritz Art Masters" (SAM) with its Mercedes-Benz, smart, Maybach, AMG brands this year, as well as with the Daimler Art Collection. Now in its second year, this festival of the contemporary arts is being held in the famous holid ... Continue reading
Audi Group Announces Operating Profit of 823 Million for First Six Months 2009
Jul 31, 2009
INGOLSTADT, Germany--In the first six months of the current year the Audi Group succeeded in avoiding the effects of the negative overall market trend, and recorded a significant operating profit of 823 million (2008: 1.3 billion). The Audi brand is also hitting its sales targets: in the first six months, approxima ... Continue reading
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