House plan to offer cash for clunkers aims at boosting car sales, helping the environmentWASHINGTON — With auto sales in the doldrums, the House considered a plan Tuesday to provide vouchers of up to $4,500 for consumers who turn in their gas-guzzling cars and trucks for more fuel-efficient vehicles. Consumers could receive rebates for trading in gas-guzzling cars and trucks under House planWASHINGTON — Consumers could receive rebates of up to $4,500 for turning in their gas-guzzling cars and trucks for more fuel-efficient vehicles under a House proposal. Classic Cozy Coupe children’s car gets honor at Cleveland auto museumCLEVELAND — A classic toy car is being inducted into an auto museum in Cleveland. Hummer’s surprise Chinese buyer an ambitious newcomer to auto industryBEIJING — Hummer owners are an unusual breed, but a little-known Chinese company’s surprise purchase of the American maker of gas-guzzling, military-style SUVs is audacious even by their standards. Automakers see year-to-year sales drop, but gains over April, as incentives outweigh Ch.11DETROIT — U.S. sales of cars and light trucks rose 13 percent in May when compared with April, even as two of the nation’s automakers grappled with reorganizations. Meltdown 101: How do you market cars amid bankruptcy? Experts sound off on GM’s plansAfter filing for bankruptcy protection, General Motors is pushing a new ad campaign promising it will emerge from its financial troubles leaner and stronger. General Motors tells Middle East customers, dealers, it is committed to oil-rich regionDUBAI, United Arab Emirates — General Motors’ Middle East head said the oil-rich region’s operations are a “vibrant” part of the automaker and remain open for business, despite its bankruptcy protection filing. Questions about GM’s future hang over American car-shoppers, dealershipsHAMILTON, Ohio — In vehicle showrooms across the country, questions about the future of auto giant General Motors Corp. add to the usual haggling and give-and-take. Treasury prices recover further following big sell-off; Supply concerns ease after auctionsNEW YORK — Long-term bond yields fell again on Friday as investors returned to the Treasury market for the second day running. Democratic backer of ‘cash for clunkers’ bill criticizes compromise legislationWASHINGTON — Legislation that would give car buyers a government voucher up to $4,500 when they trade in gas guzzlers hit a speed bump in the Senate amid concerns that a compromise between the White House and House Democrats doesn’t go far enough to protect the environment. Struggling scooter, motorcycle industry counts on stimulus tax breaks, rebates to boost salesLOS ANGELES — Sales of motorcycles and scooters shifted into high gear last year when gas prices soared. Then recession-wary consumers hit the brakes. Luxury brands look to well-heeled Chinese for cushion against sales drops in mature marketsBEIJING — Clutching a fistful of shopping bags from designers Vivienne Westwood, Dior and Alexander McQueen as she concluded one of her twice-monthly shopping sprees, 29-year-old Zhao Bing looked like the picture of hope for luxury retail. Analysts say a government-run GMAC could give GM, Chrysler a big leg up on competitorsDETROIT — With the federal government almost certain to take control of GMAC Financial Services, analysts suggest it could become a loan machine that gives General Motors and Chrysler a huge advantage over their competitors. General Motors draws closer to bankruptcy, loses $6B in first 3 months of 2009DETROIT — General Motors drew closer to bankruptcy Thursday, acknowledging that its revenue fell by nearly half as car buyers worldwide steered away from showrooms for fear that the auto giant would not be around to honor its warranties. Union leader says Canada governments pushing CAW, GM Canada to renegotiate contractTORONTO — The head of the Canadian Auto Workers says the Canadian and Ontario governments are pressing the union to resume labor negotiations with General Motors Canada or risk losing government financial assistance. General Motors’ China sales surge 50 percent to monthly record, led by Buicks, minivehiclesSHANGHAI — General Motors said Tuesday that sales in China soared 50 percent in April to a monthly record of 151,084 vehicles, thanks to strong demand for Buick brand cars and Wuling minivehicles. Chrysler is due in court today to start Chapter 11 bankruptcy proceedingsNEW YORK — Attorneys packed a downtown Manhattan courtroom Friday morning for Chrysler’s first hearing that may signal whether a quick, “surgical” bankruptcy will be possible for the automaker. Chrysler succumbs to bankruptcy, pins hopes on alliance with Fiat after months of struggleDETROIT — After months of living on government loans, Chrysler finally succumbed to bankruptcy Thursday, pinning its future on a top-to-bottom reorganization and plans to build cleaner cars through an alliance with Italian automaker Fiat. After months of struggle, Chrysler succumbs to bankruptcy, pins hopes on alliance with FiatDETROIT — After months of living on government loans, Chrysler finally succumbed to bankruptcy Thursday, pinning its future on a top-to-bottom reorganization and plans to build cleaner cars through an alliance with Italian automaker Fiat. Injured NASCAR fan released from hospital after reconstructive jaw surgeryBIRMINGHAM, Ala. — A teenager who was injured during Talladega’s NASCAR race has been released from the hospital. 8 fans injured by flying debris at Talladega Superspeedway, none life-threateningTALLADEGA, Ala. — Eight fans were injured by debris when Carl Edwards’ car went airborne into the safety fence on the final lap at Talladega Superspeedway on Sunday. GM’s woes keep eroding brand loyalty, meaning automaker must do still more to woo customersMILWAUKEE — There seemed little chance U.S. car makers could look any worse, but moves like General Motors’ announcement Thursday that it will cut production this summer risk scaring off remaining potential customers and eroding decades of brand loyalty. Autos task force said to consider expanding SBA loan requirements for car dealershipsDETROIT — A national auto dealers group said Thursday that President Obama’s auto task force is considering extending loans usually reserved for small businesses to dealers, making it easier for them to borrow money to acquire showroom vehicles. China automakers stretch to expand abroad, hobbled by lack of marketing, technology, expertiseSHANGHAI — From the glossy black Geely Excellence “business limousine” to Great Wall’s tiny Gwperi subcompact, China’s own automakers are proving they have the prowess to put together practically any type of vehicle imaginable. Shanghai Auto Show a showdown for global, Chinese car makers fighting over only growth marketSHANGHAI — China’s up-and-coming automakers unveiled a smorgasbord of new vehicles Monday at Shanghai’s auto show, from compacts and electric vehicles to the biggest, brassiest SUVs and luxury sedans, maneuvering to upstage their global rivals in the world’s only major growing market. GM executives say car maker plans continued expansion in China, despite US financial woesSHANGHAI — Dealing with the crisis at General Motors Corp. kept new CEO Fritz Henderson from traveling to Shanghai’s auto show, but executives say the company intends to continue growing in China regardless of how its financial mess is resolved. Sebastian Vettel wins wet Chinese GP, giving Red Bull first ever F1 race winSHANGHAI — Sebastian Vettel gave Red Bull its first ever Formula One victory after leading throughout to win the Chinese Grand Prix in wet conditions Sunday. Shanghai Auto Show a showdown for automakers zeroing in on world’s only major growth marketSHANGHAI — International automakers are converging on China’s commercial capital for a show that, once marginal, is now a key showcase — and battleground — for the world’s only major growing car market. |
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