Word: environmentalism
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The initial data released by Department of Transportation, however, shows that so far cash for clunkers has been a green success. The clunkers averaged 15.8 m.p.g., compared with 25.4 m.p.g. for the new vehicles purchased, for an average fuel-economy increase of 61%. On the whole, American drivers are trading...
Ken Czubay, Ford vice president for U.S. marketing, sales and service, said Ford already had a relatively strong month in progress before the cash-for-clunkers program started, but it certainly helped. "We achieved a sales increase even though we decreased incentive spending in an increasingly competitive environment," he said...
Japanese automakers fared less well. Toyota reported that its sales tumbled 11% year over year in July, while Nissan's fell nearly 25% and Honda's fell 17%, despite the government incentive program. However, Jim Lentz, Toyota Motor Sales president, said the cash-for-clunkers program reduced the recessionary drag...
...producing the climate mess that the world now faces, India’s lack of enthusiasm is understandable. This does not mean, however, that an agreement is out of the question. A treaty that includes clean energy technology transfers and investment from wealthy countries in return for mandatory environmental targets in the developing world would benefit wealthy and developing economies alike...
See TIME's environment covers.