America has voted in the U.S. government's "cash for clunkers" auto incentive program. Over 180,000 clunkers were traded in with Toyota Motor Corp overtaking Ford Motor Co as the top-selling vehicle.
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The government's cash for clunkers program has proven to be so popular that the $1 billion fund has dried up and new Cash For Clunkers bills are being forwarded by Congress. With the chance to save a whopping $4,500, frenetic car buyers flooded dealerships to trade in gas-guzzlers for new cars with better gas mileage.
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The most popular cars program, called Cach For Clunkers was so popular that the one billion dollars, given for the program, was already gone within a week. Now the House has just voted, according to Politico for an emergency measure to replenish the Cars for Clunkers cars program to 2 billion dollars.
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The hope of many drivers in USA is to know if their old vehicles are eligible for Cash for Clunkers program under the EPA ruling. You may or may not have the complete list of the qualification criteria. However, if a driver knows how to determine the criteria for the government rebate, he or she already know what vehicles are eligible for Cash for Clunkers program.
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The Ferrari 458 Italia is the latest creation coming from the small Italian town Maranello. You may have not heard of Maranello before, but that's the town where the Ferrari's are made. Ferrari 458 Italia will be presented at the next Frankfurt Motor Show in September of this year.
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The government's new Cash for Clunkers program has drawn much interest, and not just from buyers. According to Transportation Secretary Ray LaHood, about 80% of new-car dealers have signed up for the program.
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"Cash for Clunkers" kicks off today, July 24th. Although nicknamed "Cash for Clunkers," it is officially named the Car Allowance Rebate System (CARS, no!). While billed more as an environmental program, it's also hoped it will be prove to be a stimulus for car dealers.
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Yesterday the U.S. Senate passed the Cash For Clunkers program, which aims to spend one billion dollars to stabilize the U.S. car market. As Cash for Clunkers Program details are emerging, new car buyers may see $4,500 dollar government incentives for the purchase of their new cars.
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Chrysler and its bankruptcy have been in the news for the past few weeks, raising all kinds of questions about the future of the company and its customers. Since Chrysler has officially been bought out by Fiat, the new company cannot be held responsible for any defects of existing products, or injuries caused by defective Chrysler products.
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Things are changing quickly in the auto industry. As GM works through bankruptcy, there is some confusion on the part of customers and local dealerships. When all is said and done, service and parts will be readily available. It’s profitable for someone to supply the parts and do the work. There is plenty of demand for car repairs, especially in a down economy where people are putting off buying a new car.
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In a very short press release by Bentley Motor, the company informs of a new model that will be introduced this summer.
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When General Motors filed for Chapter 11 bankruptcy protection on June 1, 2009, it became popular to refer to the new GM as Government Motors. Indeed, the US government is going to own 60% of the new GM. And although President Obama said the government would refrain from playing a management role in all but the most critical areas, the government in fact has already decided what cars GM is going to build.
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