InfoAnda - 'Cash-for-clunkers' program gets $2B refill

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Lisa Develops; Igor Races Towards Canada | 21 September 2010
Obama caps bailout executive salaries | 5 February 2009
Record-breaking train on track | 4 December 2010

Bomb targets third Afghan politician in three days | | 16 July 2012

Forum Views () Forum Replies ()

Read more with google mobile : 'Cash-for-clunkers' program gets $2B refill

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Africa Europe Latin America Middle East North America Search Search: 'Cash-for-clunkers' program gets $2B refill By KEN THOMAS,Associated Press Writer AP - Friday, August 7 WASHINGTON - Car shoppers caught up in the frenzy of the "cash-for-clunkers" program will have more time now and a $2 billion reason to trade in their old gas guzzlers. ADVERTISEMENT The Senate voted to refill the popular car incentive program on Thursday, tripling the $1 billion fund that has led to big crowds at once deserted auto showrooms. President Barack Obama will sign the bill, extending the program into Labor Day and preventing the 2-week-old incentives from running out. "Now more American consumers will have the chance to purchase newer, more fuel-efficient cars and the American economy will continue to get a much-needed boost," Obama said in a statement hailing the vote. The extra money, approved by the House last week, is aimed at helping automakers and spurring the economy while removing the least fuel-efficient vehicles from the road. Last week, the government said the program was running out of money and the fund would be exhausted by Friday if it was not replenished. Through late Tuesday, the most recent data available, more than $775 million of the original $1 billion had been spent, accounting for the sale of nearly 185,000 new vehicles. Administration officials estimate the new money will last into Labor Day and could prompt another 500,000 vehicle sales. Dealers said the additional money would help them maintain a sales pace they haven't seen in months and continue to benefit from heavy publicity surrounding the rebates. Car dealers saw an uptick in sales in July, when Ford Motor Co. achieved its first year-over-year sales increase since November 2007. "People are still coming in. It's like everyone out there has been given the green flag," said John Rogin, who runs a Buick dealership in Livonia, Mich. Senate opponents of the program, most of them Republicans, question its effectiveness and cost. They contend the funding is leading the government to pick winners and losers and that many car buyers, stoked by speculation about the program last spring, simply held off buying until the incentives started in July. "These buyers would have bought the cars anyway," said Sen. Richard Shelby, R-Ala., who opposed the plan. Auto industry analyst Aaron Bragman of IHS Global Insight said it was unlikely that demand will remain as high as it is now. Many people who qualified have already bought cars and while the rebates are expected to boost total vehicle sales in 2009, Bragman predicted lower sales next year because many customers have already taken advantage of the incentives. "You are not going to see a continuation of the frenzied sales pace," Bragman said. "I don't think they will use up that money any time soon." Under the program, passenger car owners are eligible for a voucher worth $3,500 if they trade in a drivable vehicle that got a combined city/highway mileage of 18 miles per gallon or less when it was new for a new car getting at least 22 mpg. Vouchers of $4,500 are available for owners who trade in a passenger car that got 18 mpg or less combined for a model that gets at least 28 mpg. Owners of old SUVs, pickups and vans can take advantage of similar benefits. Dealers ensure the traded-in vehicles are crushed and shredded. "The reality is this is a program that has been working," said Sen. Debbie Stabenow, D-Mich. Automakers are planning for a boost in sales. Hyundai Motor Co. has added a day of production at its Montgomery, Ala., factory, while General Motors Co. and Ford are considering following suit. "Consumer confidence is really what you need here," said Tom Stephens, GM's vice chairman of global product development. "It's hard for them if they don't know if they have a job or a for-sure paycheck to go out and make a major purchase, so I think this is kind of jump-starting some things." ___ AP Special Correspondent David Espo in Washington, AP Auto Writers Tom Krisher in Traverse City, Mich., and Dan Strumpf in New York and AP Business Writer Stephen Manning contributed to this report. ___ On the Net: Car Allowance Rebate System: http://www.cars.gov/ Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: World U.S. overhaul seeks civil migrant detention systemReuters - Friday, August 7 Russia-Georgia war still felt one year on: AmnestyAFP - Friday, August 7 No proof of rape by UN troops found in east DRCongoAFP - Friday, August 7 Britain set to free great train robber BiggsAFP - Friday, August 7 Soldiers occupy Honduras hospitals as strikes spreadAFP - Friday, August 7 Most Popular – World Viewed Scientists decode HIV genome structure: study Cupcakes for reporter on Obama's birthday BNP Paribas bonuses spark anger in France Pacific hurricane strengthens to Category Four storm Britain set to free great train robber Biggs View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Friday, 7 August 2009
Thousands turn out for funeral of last WWI trench soldier
Hack attack silences Twitter, Facebook sees delays
Afghan police reduce wedding blast death toll to five
New Tamil Tiger head arrested: Sri Lanka military | International |
Scientists decode HIV genome structure: study
Canadian charged in US in Internet gambling case
Car bomb kills 5 in disputed city in northern Iraq
Drug killings soar as Obama heads to Mexico summit | International |
"The Sims" creator eyes the world beyond games
China probes Internet bootcamp after teen dies
Pro-Mousavi Iranians chant death to the dictator | International |
Iraq denies blocking food to Iranian exile camp
Squabbling Palestinian movement gets Saudi scolding | International |
French government cracks whip at banks over bonuses | International |
Sprint plans to sell AM-OLED phones from Samsung
Gambian journalists jailed for sedition: source | International |
Feds begin immigration detention makeover
Rapid tests often wrong about swine flu
Hack attack silences Twitter, Facebook sees delays | Technology |
Grand jury clears Philly officers in taped beating
Be careful what you post online, career counselors warn | Technology |
GOP Sen. Voinovich to support Sotomayor for court
Correction: Mexico-US Arms Trafficking story
Sprint plans to sell AM-OLED phones from Samsung | Technology |
Former Fla. judge linked to stripper pleads guilty
Alaska mom sentenced for letting son, 7, drive
FTC issues braced to fight oil price manipulation
Tsingtao Brewery first half profit up 68%
Toyota Prius top-selling car in Japan for 3 months
Violent Ssangyong Motor strike comes to an end
Pakistan's forex reserves fall to $11.72 bln
S.Korea firms to buy A$125 mln stake in Australia coal mine
Pakistani rupee firms on IMF hopes; stocks edge down
New Bollywood film hopes to emulate 'Slumdog' success
Ssangyong Motor union agrees to end strike
India investment to grow despite slowdown
Posh Spice, Katy Perry to fill in on 'Idol' | Entertainment |
Japanese electronics maker Pioneer cuts losses
Julie & Julia blends the old with the new | Entertainment |
Aerosmith singer Tyler hurt in fall from stage | Entertainment |
Just A Minute With: Paul Giamatti portraying himself | Entertainment |
Sizemore arrested for domestic violence | Entertainment |
Aerosmith's Tyler hurt head, shoulder neck in fall
Victoria Beckham will be guest judge on `Idol'
Iraq cabinet approves smoking curbs plan
By the time we got to Woodstock: 40 years later | Entertainment |
Rivaled by the Web, US mail service faces tough times
Filmmaker Burns pays visit to Acadia National Park
Star of 'McHale's Navy' honored at RI festival
Ohio attack victim surprised with Kid Rock check
Model Kurkova's newest accessory: a baby bump
New Michael Jackson songs on missing hard drives
Pakistani Taliban chief Mehsud may be dead: US
Tensions high a year after Georgia war | International |
Britain set to free great train robber Biggs
US-TECH Summary
Russia-Georgia war still felt one year on: Amnesty
ECB, Bank of England hold interest rates steady
Security on agenda at North America summit | International |
Pro-Mousavi Iranians chant "death to the dictator"
Thousands turn out for funeral of last WWI trench soldier
'Large-scale Russian invasion' started war: Georgia
Pakistan says Taliban chief is likely dead | International |
GM to launch plug-in hybrid SUV in 2011
Pacific hurricane strengthens to Category Four storm
Car bomb kills five, wounds 30 in northern Iraq
'The weak get beat': Putin marks 10 years in power
New Tamil Tiger head held in Sri Lanka | International |
Suspected ETA killer 'arrested in Spain'
Four U.S. troops killed in southern Afghanistan | International |
Iraqi Cabinet approves anti-smoking law
Troubled broadcaster ITV offloads Friends Reunited
Twitter, Facebook hit by cyber attacks
Be careful what you post online, career counselors warn
Japan to use deep-sea probes to search for minerals
U.S. wants Israel to freeze settlement for year: report | International |
Number of missing rises to 62 in Tonga ferry sinking | International |
Pakistan: Anti-Christian riots prompt law review
Ponting has no fears about jeers
Hacker attacks silence Twitter, slow Facebook | Technology |
AP NewsAlert
ETimor opposition says accused ministers must go
Ferry sinks off Tonga; dozens missing, feared dead
China fails to win minorities' trust: Dalai Lama
Bill Clinton briefed W.House on N.Korea -spokesman
Small boats threaten maritime security: US Coast Guard
U.S. Senate confirms Sotomayor for Supreme Court
Pakistan says Indian evidence on militant leader weak
Pregnant Briton jailed in Laos set to go home
U.S. overhaul seeks civil migrant detention system
Indian court sentences 3 to death for 2003 bombing
Illinois panel: University trustees should resign
Sculpture marks race riots in Lincoln's hometown
US military deaths in Afghanistan region at 693
US military deaths in Iraq war at 4,331
US attorney in Alexandria, Va., nominated
Pa. shooter had company in feelings of isolation
Feds: Man posed as Oscar-winner in investment scam
Hollywood director in real-life rescue on Hudson
Spirit Awards for indie film switch to nighttime
Japan's Sanyo to boost solar panel output
Bank of China to buy high-speed rail stake
Japan Airlines announces billion-dollar loss in Q1
AirAsia defers delivery of eight Airbus A320s
US-ENTERTAINMENT Summary
Nissan's 'Leaf' to challenge Toyota's Prius
MTV dancing with Robert Hoffman
India's dhow sailors fear pirates who rule high seas
S.Korea bond traders see no rate change on Tue
S.Korean bonds flat ahead of auction, rate vote
Barbra Streisand playing club show in New York
Rihanna, Kanye and Jay-Z to open new Jay Leno show | Entertainment |
Hark! Bob Dylan Christmas album coming
Seoul shares open lower;caution on job data
Brat Pack director John Hughes dies of heart attack | Entertainment |
Final season of "Monk"may solve some mysteries
Toyota's Prius still Japan's top selling car
Posh Spice, Katy Perry to fill in on Idol | Entertainment |
Malaysia Airlines returns to profit in second quarter
Warhol's portrait of Michael Jackson goes on show pre-sale
Fox aborts controversial Family Guy episode | Entertainment |
Aerosmith singer breaks shoulder in stage mishap
Spirit Awards ditching afternoon ceremony on beach
Hark! Bob Dylan Christmas album coming | Entertainment |
Highlights from John Hughes' film career
MTV dancing with Robert Hoffman | Entertainment |
Barbra Streisand playing club show in New York | Entertainment |
TV dealmaking season wraps up; prices, volume down | Entertainment |
Final season of Monkmay solve some mysteries | Entertainment |
Warhol's portrait of Michael Jackson goes on show pre-sale | Entertainment |
Police: 37 die in Iraq as bombs target Shiites
Fresh tension marks anniversary of Georgia-Russia war
Pakistan says Taliban chief is probably dead | International |
State-rescued RBS reports surge in bad debts
NATO seeks more troops for Afghanistan; 8 die | International |
'Information' Pakistan Taliban chief dead: minister
German trade surplus soars in June
US deficit climbs to 1.3 trillion dollars
Bombs targeting Shi'ite Muslims kill 36 in Iraq | International |
Portugal to take in two Syrians from Guantanamo | International |
US Senate votes to save 'Cash for Clunkers'
Obama launches economic counter-attack
Fatah rows cast cruel light on Palestinian split | International |
Indonesia police in shootout with suspected militants | International |
Myanmar arrests 15 dissidents on bomb charges | International |
Record number of organic farmers expected in Mass.
NC man reels in 1,062-pound marlin
Malaysia denies Internet filter will curb dissent | Technology |
Husband denies alcoholism in NY wrong-way crash
Actors remember filmmaker Hughes as influential
It's no joke: Recession turns folks into comedians
Sotomayor's swearing in to court set for Saturday
OCD national meeting draws past, present sufferers
Clinton seeks new US-S.Africa start in relations
'Cash-for-clunkers' program gets $2B refill
Clinton wants SAfrica to press Zimbabwe reform
Japan's Nikkei hits new 10-month high
China's July auto sales up 64 percent
China shares fall on credit contraction fears
Toyota not chasing 15 percent global market share
Bridgestone tumbles into red in first half of year
'80s teen flick director John Hughes dies in NYC
Seoul shares end 0.7 pct higher; banks up =2
China airport head executed for graft: report
Seoul shares end 0.7 pct higher; banks up
SKorea gets lead on rivals in India with trade pact
Pakistani c.bank buys 28.7 bln rupees of T-bills
Madonna cancels Slovenia gig, media cite sales | Entertainment |
Tribe files lawsuit against Freeport in Indonesia
Madonna cancels Slovenia gig, media cite sales
Dubai turns down starring role in 'Sex and the City'
Actors remember filmmaker Hughes as influential
Fabled Timbuktu bent on wooing tourists
English Anglicans breathe life into French chapels
Jay-Z, Rihanna, West to kick off Leno's new show
Abdul says she's receiving `many wonderful' offers
Fox aborts controversial "Family Guy" episode
Prince Charles Didn't Believe In Monarchy When Younger
Prince Harry Guzzles On $670 Cocktail During Rowdy Night Out
Duchess Of Cornwall Camilla Given A Necklace As Protection Against Vampire Bites
Four Honor Guards Stand 9 Hours During 12-Mile Funeral Procession Of Philippine Ex-President
Ohio Road Gets Bubble Bath
California Woman Wins Almost $2 Million On Way To Work
Late Actor Heath Ledger's Anti-Whaling Music Video Finally Released
Brad Pitt Says Smoking Pot Turned Him Into A "Doughnut"
Miley Cyrus' Stalker Busted Yet Again
Boston Window Washers Narrowly Escape Death After Dangling From 37th Floor
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01