Word: carlies
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...money has not been touched but requests for funding were supposed to be submitted to DOE by mid-December. Among the requestors is Tesla of Menlo Park, Calif., which is building a battery-powered sports car that will sell for more than $100,000. Telsa has asked for $480 million in government money, while A123, which has developed a lithium-ion battery for cars, is seeking $1.5 billion. The smaller companies, many of them based in California, have been lobbying hard to make sure they get their share of the $25 billion. They have received support from House Speaker Nancy...
...extensions of credits already in the tax code. The National Automobile Dealers Association has made the incentives a top lobbying priority; new legislation has already been introduced in Congress. One proposal supported by Democratic Sen. Barbara Mikulski of Maryland and Republican Sen. Kit Bond of Missouri would permit new car buyers to deduct auto loan interest and sales tax on their personal income taxes. "We think temporarily making interest deductible on car loans would spur sales," says NADA economist Paul Taylor. The NADA is also supporting "cash for clunkers" initiatives, which encourage consumers to upgrade their older cars to cleaner...
...Even before he appeared on the Hill, Obama was laying groundwork to avoid a TARP train wreck. In a letter sent on Monday to congressional leaders, he pledged to devote much of the second installment to assisting small businesses and helping students and car buyers get loans. In personal calls to members on both sides of the aisle he promised better transparency of how the funds are disbursed, reflecting the frustration and anger of many members regarding the Treasury Department's handling of the funds. Still, many Democrats said on Monday that Obama's letter was not enough to convince...
...also who shouldn't even think about being one. On Dec. 19, the court made a decision in the case of Alexandra Van Horn v. Lisa Torti. The case alleged that Torti worsened the injuries suffered by Van Horn by yanking her "like a rag doll" from a wrecked car on Nov. 1, 2004, thus rendering Van Horn a paraplegic. The court found that Torti wasn't protected from legal action under California's current Good Samaritan laws...
...services rendered at the scene of an emergency, regardless of who performs the deed. "I spent 31 years in law enforcement, and as a highway patrol officer I responded to many, many, many accidents. I was not the first one there. Someone had helped a victim out of the car, out of the traffic lane, administered CPR," says Benoit. "I immediately, upon hearing about this case, was extremely concerned that it would in any way thwart people's willingness to give that aid, because in my experience that would translate into lives lost." (Read about California's looming fiscal crisis...