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Program logo The Toyota Corolla was the program's top seller according to U.S. DoT [1] The Ford Explorer 4WD was the program's top trade-in according to the U.S. DoT [1]. The Car Allowance Rebate System (CARS), colloquially known as "cash for clunkers", was a $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
The Presidential Task Force on the Auto Industry was an ad hoc group of United States cabinet-level and other officials that was formed by President Barack Obama to deal with the financial bailout of automakers Chrysler and General Motors.
President Barack Obama speaks about the 2,000th project approved through the ARRA. The president is joined by Vice President Joe Biden and Secretary of Transportation Ray LaHood. Senate Republicans forced a near unprecedented level of changes (near $150 billion) in the House bill, which had more closely followed the Obama plan.
But will we see 1 million of electric cars on the road by 2015, a goal President Obama highlighted by during his State Can Obama's Proposed $7,500 Rebate Accelerate Electric-Car Sales? Skip to ...
Auto rebates and low-interest financing, such as a 0 percent APR deal, save you money differently. A rebate gives you a flat amount of money, often applied to your down payment or closing costs.
In the final presidential debate, Mitt Romney and Barack Obama discuss the auto industry and focus on the city of
In an interview that was broadcast on NBC's Meet The Press on December 7, 2008, President-elect Barack Obama said, "The last thing I want to see happen is for the auto industry to disappear, but I'm also concerned that we don't put $10 billion or $20 billion or $30 billion or whatever billion dollars into an industry, and then, six months to a ...
By Ken Thomas WASHINGTON (AP) -- President Barack Obama hailed the rebound of the U.S. auto industry on Tuesday, trumpeting an economic story he hopes to use to his political advantage in key Rust ...