Word: carly
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Dates: during 2000-2009
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...order to receive federal reimbursement for the subsidy consumers get for trading in their cars, dealers must first destroy the engine. One common method is to drain the car's oil and flood the engine with sodium silicate, or liquid glass. Dealers then turn the car on and rev the engine to let the solution harden. In just a few minutes, the car becomes inoperable. (Read "How Bad Are Auto Sales? 10 Questions and Answers...
...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...
...victims of the Mafia and speak out against the scourge of organized crime. From Palermo to Torino, politicians, church leaders and youth groups gather to mark the July 19, 1992, assassination of anti-Mob magistrate Paolo Borsellino, who was killed along with five bodyguards in a meticulously planned car-bombing outside his mother's apartment in the Sicilian capital...