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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 $3 billion U.S. federal scrappage program intended to provide economic incentives to U.S. residents to purchase a new, more fuel ...
Chandler Motor Car; ... This page was last edited on 5 January 2020, at 05:46 (UTC). Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; ...
Fiat's initial purchase was a 20% stake; by January 2012, it grew to 58.5%. On 21 January 2014, Fiat completed the acquisition of the remaining 41.5% from the United Auto Workers, making Chrysler Group a wholly owned subsidiary. The total cost of acquisition was US$ 4.9 billion with an additional US$5.5 billion in pension liability. [19]
On 26 October 2023, Stellantis acquired "approximately 20%" of Chinese electric vehicle manufacturer Leapmotor in a transaction worth €1.5 billion. [47] Under the terms of the agreement, Stellantis gained exclusive rights to sell, export, and manufacture Leapmotor products outside of China under the newly established joint venture Leapmotor ...
Small fuel-efficient cars from foreign automakers took a sharply higher share of the U.S. auto sales market. Under the Energy Policy and Conservation Act [42] the federal government initiated fuel efficiency standards (known as Corporate Average Fuel Economy, or CAFE) in 1975, effective as of 1978 for passenger cars, and as of 1979 for light ...
However, the Liberty was not the first Jeep vehicle to use an independent front suspension, as the Jeep Wagoneer first used it in the 1963 model. But, that independent front suspension was limited to four wheel drive versions and, even then, was a short lived option. [5] The Liberty was nominated for the North American Truck of the Year award ...
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