Word: carful
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...Once the engine is dead, a recycling lot can take possession of the car. From that time, it has 180 days to sell the pieces of the car that retain some value. Even though the engine's a lost cause, everything from the scrap metal to the hubcaps is available to buyers. When the resale period is up, any leftover parts must be destroyed, and the government is notified that the car is gone for good...
...party involved thinks the process is perfect. Just a week into the program, the National Association of Auto Dealers (NADA) lobbied successfully to tweak the rules. Dealers, who were originally forced to dismantle the cars before receiving the government's check, can now hold on to cars until they get the money, so long as they ruin the car's engine within seven days. The NADA says it's happy with the Obama Administration's response to its concerns and says the latest changes significantly reduce the risk to dealers, who aren't saddled with a dead engine...
...recyclers who process the cars aren't so lucky, according to Michael Wilson, executive vice president for the Automotive Recyclers Association (ARA), a trade group that represents 4,500 recyclers across the country. Because of the way dealers must destroy each clunker's engine, fewer parts are salvageable - which means less profit for the recyclers who process the automobiles. Although 60% of a car's salvage value comes from the engine and drive train, Wilson said the original cash-for-clunkers plan - the formal name is the Car Allowance Rebates System (CARS) - called for the obliteration of both. While...
...basis of that kit is the Leaf itself, which is expected to go on sale in the U.S., Europe and Japan late next year. Nissan will sell the car for the price of a comparably sized gasoline-powered car, and company officials say it will be cheaper to run. The Leaf's maximum speed is more than 90 m.p.h. (145 km/h) and its range is 100 miles (160 km) on a full charge. A 30-minute quick charge reaches 80% capacity. And with its lithium-ion battery placed under the vehicle floor, the Leaf has room for five people. While...
Nissan's new zero-emissions electric vehicle is a quiet car with a noisy message. During an Aug. 2 unveiling at the company's new headquarters in Yokohama, Nissan CEO Carlos Ghosn drove the Leaf, a four-door hatchback, onto the main stage with Japan's former Prime Minister Junichiro Koizumi in the passenger seat and the mayor of Yokohama and the governor of Kanagawa prefecture sitting in the back. The point was loud and clear: Nissan, which is investing heavily not just in electric-car development but also in infrastructure like charging stations, has politicians on board...