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...much will the new federal "Cash for Clunkers" program help stimulate sales? Carmakers are hoping the program will add about 250,000 units to the industry's sales total in the next few months. However, the program, which offers rebates of $3,500 to $4,500 for consumers trading in older vehicles for new, more-efficient vehicles, won't get rolling until July 24, and its $1 billion in funding expires Sept. 30. Automakers are already lobbying for more cash. Germany sank $6 billion into a similar scrappage program, China put $4 billion into its equivalent of cash for clunkers...
...months are perilous for both companies - and they'll need a modest improvement in sales just to survive. Ford, meanwhile, has played a difficult hand quite deftly. Despite a drop in sales volume, it has outperformed the market during the second quarter, reclaiming second place in total sales from Toyota and closing in on GM. (See 10 ways your job will change...
...Germany currently has 4,000 troops serving as part of the NATO-led international force, most based in northern Afghanistan, away from the violent southern provinces. An additional 200 soldiers are heading there in the run-up to the Afghan presidential election on August 20, bringing the total number to 4,200 - still below the limit of 4,500 set by Germany's strict parliamentary mandate. But on Thursday, the lower house of parliament, the Bundestag, gave the green light under a separate mandate to deploy up to 300 more soldiers to support NATO's AWACS surveillance aircraft in Afghanistan...
...There's no such thing as 100% protection," says Toronto analyst Dennis DesRosiers with DesRosiers Automotive Consultants, referring to GM's commitment to Canada. He notes that as Canada's total share of North American auto production has steadily declined since hitting a peak in 2000, Mexico's share has moved in the opposite direction...
...Kate Plus 8 •total overness of, like anyone is going to spend a nanosecond thinking about these hideous nobodies now that Michael Jackson's dead...