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...which sold more vehicles in July than in June - and had a nice 16% improvement in pickup sales - lavished praise on the program and pressed for its continuation. "The government's program is doing what it is designed to do - spur consumers to trade in older gas guzzlers for new, fuel-efficient vehicles," said Mark LaNeve, GM vice president for sales. The Department of Transportation confirmed the fuel-efficiency gains on Monday, Aug. 3, noting that of the 120,000 rebate applications processed so far, the cars purchased have been far more fuel-efficient than the minimum requirements to qualify...

Author: /time Magazine | Title: Automakers Give Rave Reviews to 'Cash for Clunkers' | 8/4/2009 | See Source »

...government incentive program. However, Jim Lentz, Toyota Motor Sales president, said the cash-for-clunkers program reduced the recessionary drag on sales and offered a nice dividend for the environment. "Clunker-related Toyota sales over the seven days alone will save customers an estimated 8 million gal. of gas and $20 million in gas spending over the next year," he said. (See the best cars from the 2009 Detroit Auto Show...

Author: /time Magazine | Title: Automakers Give Rave Reviews to 'Cash for Clunkers' | 8/4/2009 | See Source »

...client seeking the latter relayed that his steel plant told him they could take him back from furlough “when we get $4 gas again”: They make pipes for offshore wells...

Author: By Max J Kornblith | Title: Back Home and Down to Earth | 8/4/2009 | See Source »

...charging network on its home turf of Kanagawa prefecture in 2010, which is part of a larger initiative to promote the use of EVs in Japan through government subsidies and tax exemptions. As part of Japan's stimulus program, buyers can receive $2,500 for scrapping a gas guzzler for a hybrid or an electric vehicle. (See the 50 worst cars of all time...

Author: /time Magazine | Title: Nissan's New Leaf: An Electric Car and Charging Stations Too | 8/4/2009 | See Source »

...emission mobility." In the U.S., Nissan and its French partner, Renault, are joining forces with Better Place, which is developing a system of EV service stations where battery packs can be quickly replaced instead of recharged, making "fill-ups" no more time-consuming than topping up fuel tanks with gas. Nissan also has a tie with Europcar, a car-rental company, to roll out EVs throughout European countries including France, Germany, Belgium, Spain, Italy and the U.K. from 2010. And the Renault-Nissan alliance has an agreement with Monaco to develop a charging network there over the next two years...

Author: /time Magazine | Title: Nissan's New Leaf: An Electric Car and Charging Stations Too | 8/4/2009 | See Source »

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