Analysis: Think of clunker cash as an economic shot in the arm, not a long-term fixWASHINGTON — The popular “cash-for-clunkers” program may be a well-timed shot of adrenaline for the economy, but it’s not a prescription for a lasting recovery. Transportation Sec’y LaHood proclaims ‘cash for clunkers’ successful, says it boosts economyWASHINGTON — Transportation Secretary Ray LaHood proclaimed “cash-for-clunkers” a roaring success just as the Senate seems poised to push the popular program back into high gear with another $2 billion in cash. Senate debate on clunkers raises questions about the effectiveness of the rebate programWASHINGTON — The populist “cash-for-clunkers” program has quickly become the poster child of the economic recovery, bringing out shoppers in droves to help the struggling auto industry and provide a vital boost in consumer spending. Senate will approve ‘cash-for-clunkers’ extension, Democratic and GOP leaders sayWASHINGTON — The Senate has cleared the way for a vote extending the “cash-for-clunkers” program, which offers car buyers rebates of up to $4,500 for trading in their gas-guzzlers for new, higher-mileage models, setting aside Republican opposition to the plan. Some dealers hold back on new ‘clunkers’ deals until Senate approves additional moneyAs dealerships and car shoppers alike wait for the Senate to decide the fate of “cash for clunkers,” one question reigns: Deal or no deal? Climate experts: ‘Cash for clunkers’ won’t do much to reduce greenhouse gas pollutionWASHINGTON — “Cash for clunkers” could have the same effect on global warming pollution as shutting down the entire country — every automobile, every factory, every power plant — for an hour per year. That could rise to three hours if the program is extended by Congress and remains as popular as it is now. Senate will approve cash-for-clunkers extension, Democratic leader says; GOP won’t block voteWASHINGTON — The Senate will vote to extend the popular “cash-for-clunkers” program before going home on Friday, Majority Leader Harry Reid declared Tuesday in a strong signal the government won’t let the trade-in rebates die under the surging demand that has almost exhausted federal backing. Senate will approve ‘cash-for-clunkers’ extension, Democratic leader saysWASHINGTON — Senate Majority Leader Harry Reid is predicting swift approval for an extension of the popular “cash-for-clunkers” program, which is rapidly running out of money because of surging demand from consumers eager to purchase new cars with federal help. DOT declines to release data on ‘cash for clunkers’ that would show impact on US carmakersWASHINGTON — The Obama administration is refusing to quickly release government records on its “cash-for-clunkers” rebate program that would substantiate — or undercut — White House claims of the program’s success, even as the president presses the Senate for a quick vote for $2 billion to boost car sales. Reid says Senate will vote to replenish ‘cash-for-clunkers’ program before August vacationWASHINGTON — Senate Majority Leader Harry Reid is predicting swift approval for an extension of the popular “cash-for-clunkers” program, which is rapidly running out of money after surging demand from consumers eager to purchase new cars with federal help. ‘Cash for clunkers’ gains support in the SenateWASHINGTON — Senate Majority Leader Harry Reid says the Senate will vote to replenish the popular “cash-for-clunkers program” before leaving on a monthlong vacation later this week. GMAC Financial posts wider 2nd-qtr loss of $3.9 billion on charges related to mortgages, taxesDETROIT — GMAC Inc. said Tuesday it posted a wider second-quarter loss of $3.9 billion as it shifted from being primarily an auto and mortgage loan company to an online, retail bank. ‘Cash for clunkers’ gains support in the Senate, could end by Friday unless $2 billion addedWASHINGTON — The Obama administration expressed more confidence Tuesday that Senate Democrats can win over enough Republicans to pass a $2 billion extension of a popular rebate program that gives consumers up to $4,500 to trade in their old gas guzzlers for more fuel-efficient vehicles. Car buyers returned to showrooms in July, boosting sales as big rebates drive businessDETROIT — The government’s “cash-for-clunkers” program drew car and truck buyers back to American showrooms last month, making July the best month for auto sales in nearly a year and offering powerful evidence that the rebates were working as senators debate whether to continue them. ‘Cash for clunkers’ sale nears quarter-million, could end by Friday unless $2 billion addedWASHINGTON — The White House warned Monday that the “cash for clunkers” program, already zooming toward a quarter-million trade-ins with the initial $1 billion in rebates, could sputter to a stop by Friday unless the Senate quickly approves $2 billion more. Govt rebates spur best auto sales month of 2009; Ford is in the plus column 1st time since ‘07DETROIT — Lured by the government’s cash for clunkers campaign, car and truck buyers started returning to showrooms last month, as Ford Motor Co. reported its first U.S. sales increase in nearly two years and other major automakers said sales showed signs of stability. Meltdown 101: Can you still get money toward a new car under the cash-for-clunkers program?WASHINGTON — The government’s cash for clunkers program has been so popular that the $1 billion fund set aside to pay for it has nearly dried up. With the chance to take up to $4,500 off the sticker price, buyers have flooded dealerships to trade in gas-guzzlers for new cars with better gas mileage. ‘Cash for clunkers’ deals could end Friday unless Senate acts, White House saysWASHINGTON — The popular but overwhelmed “cash for clunkers” program is still rolling, but the White House says the Senate better approve $2 billion without delay or the big rebates for car buyers could sputter to an end by Friday. Car buyers return to showrooms in July, boosting sales as big rebates drive businessDETROIT — Lured by the government’s cash for clunkers campaign, car and truck buyers started returning to showrooms last month, as Ford Motor Co. reported its first U.S. sales increase in nearly two years and other major automakers said sales showed signs of stability. Transportation Sec’y LaHood predicts Senate will add $2B to ‘clash for clunkers’ programWASHINGTON — Transportation Secretary Ray LaHood is predicting the Senate will pass legislation adding $2 billion to save a financially strapped “clash-for-clunkers” car-buying program. Administration says ‘clunkers’ pushing gains in fuel efficiency, urges Senate to provide $2BWASHINGTON — The Obama administration appealed to the Senate on Monday to bail out the cash for clunkers rebate program, arguing it has already made striking gains in fuel efficiency and is a “wildly popular” economic boost. Senate under pressure to provide $2B more for popular ‘cash for clunkers’ programWASHINGTON — The Senate came under increasing pressure Monday to refuel the stalling “cash-for-clunkers” initiative amid uncertainty over how much money, if any, is left in the fund bankrolling the popular program. Lawyers win millions of dollars to settle Ford rollover case that benefitted few driversSAN FRANCISCO — The lawyers were paid millions of dollars. Ford Motor Co. put behind it a costly lawsuit connected to the Explorer rollover scandal of the 1990s. And the judge closed out a complex case that clogged the Sacramento County Superior Court’s overburdened calendar for more than seven years. 20 blind people are able to test drive dune buggy designed by Va. Tech studentsCOLLEGE PARK, Md. — Several blind people were able to get behind the wheel of a new high-tech vehicle designed by Virginia Tech engineering students. ‘Cash for clunkers’ car rebates to survive this weekend; House votes $2 billion rescueWASHINGTON — Attention car buyers: There’s still time to get in on the “cash for clunkers” rebate rush. House passes $2 billion to replenish ‘cash for clunkers’ car purchase programWASHINGTON — The House has voted to rush an additional $2 billion into the popular but financially strapped “cash for clunkers” car purchase program. House eyeing votes Friday to save popular ‘cash for clunkers’ car purchase programWASHINGTON — The House rushed Friday to pump $2 billion into a popular cash-for-clunkers program running near empty, with a leading Democrat saying “consumers have spoken with their wallets.” House, Senate, eyeing votes Friday to save popular ‘cash for clunkers’ car purchase programWASHINGTON — The House raced Friday to pass legislation pouring an additional $2 billion into the popular — but financially strapped — “cash for clunkers” car purchase program. Levin says lawmakers assured cash for clunkers car purchase program good through FridayWASHINGTON — The Obama administration promised on Friday that the financially strapped “cash for clunkers” program will be good at least through the day. ‘Cash for clunkers’ program brings in customers, drives up business at auto dealershipsNEW YORK — Car and truck owners looking to junk their gas guzzlers are flocking to dealerships to take advantage of the government’s “cash for clunkers” program and buy more fuel-efficient vehicles, boosting sales in showrooms across the country. |
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