Volkswagen will pay current VW owners and lessees $2,000 in customer loyalty cash to buy a new VW as news spreads that no new diesel cars are coming.
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As automakers continue to look for ways to make themselves more profitable and efficient, their interest in renewable materials has grown and grown. With many old petroleum-based standbys growing more expensive oil prices took off, car makers like Ford are looking to renewable alternatives. One alternative the Blue Oval is looking at just happens to […]
Just how much help was Cash for Clunkers for automakers and America? A new study by The Maritz Automotive Research Group suggests that the Cash for Clunkers program may have been more successful than first thought. Cash for Clunkers — which spent about $2.8 billion in incentives on about 690,000 cars sold last summer — has […]
The jury is still out on Cash for Clunkers here in the US, though new car sales seem to have improved in the past months. But in Germany. where a similar cash for clunkers program began one year ago, car sales plunged off of the proverbial cliff, posting almost a 30% decline last month compared […]
[social_buttons] Depending on who you ask, Cash for Clunkers was either a spectacular success, or a spectacular failure. These are the facts though. Cash for Clunkers helped sell 690,000 car sales in 30 days, at the cost $3 billion to taxpayers. While overall auto sales are down in 2009 compared to 2008, December was a […]