Forum Views ()
Forum Replies ()
Read more with google mobile :
'Cash for clunkers' rebates survive _ for weekend
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' rebates survive _ for weekend
By KEN THOMAS,Associated Press Writer AP - Saturday, August 1
WASHINGTON - Attention car buyers: There's still time to get in on the "cash for clunkers" rebate rush.
ADVERTISEMENT
The House hastened to refuel the program on Friday, voting to pour in $2 billion to prop up the trade-in deals that have all but overwhelmed suddenly booming car dealers and exhausted the $1 billion the government had set aside. The Senate has yet to act, but the White House said weekend deals would count, no matter what.
The program, only a week old, was designed to encourage owners of pollution-spewing gas guzzlers to trade them in on new, more efficient cars, helping the hard-pressed auto industry and the environment, too. Enticed by rebates of $3,500 to $4,500, owners are jumping at the offer.
"Consumers have spoken with their wallets," declared Rep. David Obey, D-Wis., the chairman of the House Appropriations Committee.
House members approved the measure 316-109 within hours of learning from Transportation Secretary Ray LaHood that the program was already running out of money. The Senate is expected to take up the measure next week, but the White House wouldn't make any promises for deals beyond the weekend.
President Barack Obama praised the House's quick work, saying the program had "succeeded well beyond our expectations and all expectations, and we're already seeing a dramatic increase in showroom traffic at local car dealers."
Press secretary Robert Gibbs sought to assure consumers that the program would be alive at least a couple of days longer. "If you were planning on going to buy a car this weekend, using this program, this program continues to run," he said.
Senate approval for the extra $2 billion seemed less certain.
When the Senate approved $1 billion in funding for the plan in June, Democrats struggled to round up enough votes. Sen. Dianne Feinstein of California pushed a separate plan requiring the new vehicles being bought to be vastly more fuel-efficient than the trade-ins, and she supported the measure that passed after receiving what she said was "absolute assurance" from Senate leaders that an extension would be modeled after her bill.
And Sen. Jeff Bingaman, D-N.M., said he was concerned with the way the House had paid for the extension, shifting $2 billion from a renewable energy loan program. He said that would "rob from the loan guarantees we provided through the recovery package that, in the long-term, will shift our country to homegrown, renewable energy while creating good green-collar jobs."
Drivers seemed more concerned about greenbacks.
Dennis and Marcia Strom hurried to Walser Toyota in Bloomington, Minn., on Friday when they heard the rebate might not last.
"I might have waited until the truck died," Dennis Strom said of his 14-year-old Dodge Dakota. "It's a good vehicle that suits our needs. But it's not worth $3,500."
John McEleney, chairman of the National Automobile Dealers Association, said many dealers have been confused about whether the program would be extended and for how long. Many had stopped offering the deals Thursday after word came out that the federal money had been exhausted.
With so much uncertainty, North Palm Beach, Fla., dealer Earl Stewart said he planned to continue to sell cars under the program but would delay delivering the new vehicles and scrapping the trade-ins.
"It's been a total panic with my customers and my sales staff. We are running in one direction and then we are running in another direction," he said.
Called the Car Allowance Rebate System, or CARS, the program is designed to get old, polluting vehicles off the road and scrapped while helping car dealers pull out of the recession.
"I think we are seeing ourselves being placed on the road to economic recovery here, and this road has been paved by the 'cash for clunkers' program," said Rep. Candice Miller, R-Mich., who represents a district heavy with auto workers.
Not everyone in the House was cheering.
Some Republicans accused the Democrats of trying to jam the legislation through, and a number of lawmakers also complained that many dealers have been left to contend with a chaotic government-run program.
"The federal government can't process a simple rebate. I've got dealers who have submitted the paperwork three times and have gotten three rejections," said Rep. Pete Hoekstra, R-Mich. "What is a dealer supposed to do?"
The program was funded to provide incentives for up to 250,000 new cars. Sen. Debbie Stabenow, D-Mich., said about 40,000 vehicle sales had been completed through the program, and dealers estimated they were trying to complete transactions on an additional 200,000 vehicles, leaving the funding in doubt.
___
AP Business Writer Stephen Manning in Washington and Nomaan Merchant in Minneapolis contributed to this report.
Email Story
IM Story
Printable View
Blog This
Sign in to recommend this article »
0 users recommend
Related Articles: World
UK-World SummaryReuters - 2 hours 16 minutes ago
Three US, two NATO soldiers killed in AfghanistanAFP - Monday, August 3
More than 700 killed in Nigeria clashesReuters - Monday, August 3
Maliki on first visit to Iraqi KurdistanAFP - Monday, August 3
Israel evicts Palestinians from Jerusalem homesAFP - Monday, August 3
Most Popular – World
Viewed
Comets probably won't cause the end of life as we know it: study
Organic food not healthier, says British study
Madonna writes of her spiritual awakening
Beer flows as Obama tries to cool down a hot furor
Obama: stimulus helped 'put brakes' on recession
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 Sunday, 2 August 2009 One French, three US soldiers killed in Afghan attacks
Karzai promises Afghan voters a brighter future
Afghan poll workers ambushed; U.S. soldiers killed
| International
|
Passengers on swine flu cruise liner allowed ashore
Iraqis fear al Qaeda violence after mosque bombs
Honduran pro-Zelaya protester dies after shooting
| International
|
Fatah to hold congress despite Hamas ban
| International
|
Militant urges targeting China over Uighurs
| International
|
India mulls late-night TV as population control
Former Philippine leader Aquino dies
Iran says three US nationals arrested near Iraq border
Malaysia police use tear gas against mass protest
New York airport terminal evacuated due to suspicious bag
Japan PM flags N.Korea abductions ahead of vote
Apple, labels stir up deluxe digital Cocktail
| Technology
|
Schools reopen in NW Pakistan after Taliban offensive
Hollywood stars visit Havana amid U.S.-Cuba thaw
Actor Jude Law to be father to fourth child
Afghan mission falls short of expectations: lawmakers
Forest fires rage on Spanish island, 4,000 evacuated
New robots help humans cope with illness
Dalai Lama urges global cooperation in economic crisis
Iran tries 100 reformists over election unrest
| International
|
Abdullah campaign king in Afghan vote hunt
Gunman kills 2 at Tel Aviv club for gay youths
| International
|
Malaysian newspapers face challenge from online media
Cuba set to unveil belt-tightening steps amid crisis
US-TECH Summary
Gunman kills 2 at Tel Aviv club for gay youths
Steyn breaks record as Boks beat All Blacks again
Castro to U.S.: communist Cuba will not change
| International
|
Iraqi death toll down in July after US handover
Apple, labels stir up deluxe digital Cocktail
Iran reformists back down in court as 100 face riot trial
Ousted Honduran president vows peaceful resistance
| International
|
Iran tries 100 reformists over election unrest
China-based cyber attack hits Australia film festival site
Afghan campaign worker attacked, guard killed
Yahoo Labs chief sees real-time search opportunity
Apple fixes iPhone SMS vulnerability
China win women's medley relay world title in world record
Dalai Lama urges global cooperation in economic crisis
Castro to U.S.: communist Cuba will not change
Militant urges targeting China over Uighurs
Steyn breaks rugby point record as Boks beat All Blacks
Flower still harbours victory hopes after Ashes washout
S.Korea first rocket launch set for August 11
Six Christians killed in Pakistan over Koran 'insult'
N.Korea 'helping Myanmar build nuclear plant': report
Dems look to limit increases in cost of insurance
Pakistan arrests suspect in Marriott hotel bombing
Malaysian police arrest hundreds in protest
Ore. faith-healing father gets 60 days in jail
Kentucky man charged in '80 slaying of Wis. couple
US Mint must seek court OK to keep rare 1933 coins
Popularity, Web snafus nearly broke 'clunkers'
China steel output to grow despite falling demand
Tight credit could limit eurozone growth: analysts
Talks collapse at troubled SKorean auto firm
S.Korea sees FX reserves rising up to $270 bln-reports
Couples wed on boat during Amsterdam gay pride
Chaos hits French holiday drivers: officials
Two Killed Changing Flat Tire On Highway In Massachusetts
Stockholm turns rainbow-coloured for gay pride
House Committee Approves Healthcare Bill
One U.S., Three French Soldiers Die In Afghanistan
Tens of thousands of Jehovah's Witnesses meet in France
US-ENTERTAINMENT Summary
Update: Flights Resume At LaGuardia Airport After A Bomb Hoax
Q&A: Juliette Lewis pushes to the limit with new band
Billboard singles reviews: Brad Paisley, Jay-Z
More Mozart: 2 new pieces being unveiled
Princess wins suit against German publisher
Peter Andre wins libel case over sex claims
Israel evicts Palestinians from Jerusalem homes
Five Russians killed in northern Caucasus: reports
Khatami condemns Iran's show trial of reformists
| International
|
Head of English Catholics warns about emails/texting
India's board backs stars in anti-doping row
Maliki on first visit to Iraqi Kurdistan
Israeli gays' safe haven turns deadly
| International
|
Maliki on first visit to Iraqi Kurd region as PM
Merkel urged to stand up to Obama on Opel jobs
Iraq's Tareq Aziz gets 7 years jail in Kurds case
| International
|
Five foreign troops killed in Afghanistan
| International
|
Iran's Khatami denounces trial of protesters
Swine flu: rich nations' spending spurs ethics row
Latest in string of west Iraq bombings kills six
| International
|
More than 700 killed in Nigeria clashes: Red Cross
| International
|
Schools open in Pakistan's Swat despite Taliban fear
| International
|
Aquino's family declines state funeral offer
| International
|
Plane with 16 people missing in Indonesia's Papua
| International
|
Israel opens West Bank road to Palestinian traffic
| International
|
Sony Pictures invests in new Zhang Yimou movie
Sony plugs Google's library into e-readers
Three US, two NATO soldiers killed in Afghanistan
Wildfires ravage Canada's British Columbia
Aquino's family declines state funeral offer
Head of English Catholics warns about emails/texting
| Technology
|
Strong quake strikes eastern Indonesia
Schools open in Pakistan's Swat despite Taliban fear
Lawyers still hope Suu Kyi will be freed
Plane with 16 people missing in Indonesia's Papua
Bollywood star Shetty dismisses temple complaint
'Cash for clunkers' rebates survive _ for weekend
China town sealed off after pneumonic plague kills 1
Man who threatened Obama sentenced to probation
Talks collapse at troubled SKorean auto firm
Thousands mourn ex-Philippine president Aquino
Chicken tikka masala claims its origins in Scotland
Mitsubishi UFJ arranges $5 bln loan to UAE: report
Turbulence in Indian skies as airlines plan strike
Chinese manufacturing expands in July
Newly discovered Mozart works played in Austria
| Entertainment
|
Indonesia files charges in Freeport mine shootings
Newly discovered Mozart pieces performed in Austria
WHO: Breastfeeding Saves Lives In Emergencies
Remains Of First U.S. Gulf War Pilot Shot Down Identified
Shuttered factories, shattered lives in US rust belt
Austrian has Indiana Jones moment in Mongolia
Cambodians begin to learn of bloody past
Sony Pictures invests in new Zhang Yimou movie
Academy's 'Keeper of the Oscars' dead at 48
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