by jboullion | Aug 10, 2009 | Uncategorized
From an article by Mike Ivey in The Capital Times:
The experts continue to debate the pros and cons of the “Cash for Clunkers” rebate program, but Wisconsin car buyers have already given it a big thumbs-up.
Wisconsin is 10th in the amount of cash requested from the program based on figures from the U.S. Department of Transportation released this week.
Of the nearly $775 million in clunker cash requests so far, more than $24 million came from Wisconsin. Michigan, California and Ohio were the top three states.
The U.S. Senate has approved another $2 billion for the program, which was initially funded with $1 billion.
Officially known as the Car Allowance Rebate System Act, the measure provides up to $4,500 in taxpayer subsidy for those who trade in an old vehicle for a more efficient model. To qualify, the old car needs to get 18 miles per gallon or less while the new one must get at least 22 mpg.
by jboullion | Aug 10, 2009 | Uncategorized
From an article by Mike Ivey in The Capital Times:
The experts continue to debate the pros and cons of the “Cash for Clunkers” rebate program, but Wisconsin car buyers have already given it a big thumbs-up.
Wisconsin is 10th in the amount of cash requested from the program based on figures from the U.S. Department of Transportation released this week.
Of the nearly $775 million in clunker cash requests so far, more than $24 million came from Wisconsin. Michigan, California and Ohio were the top three states.
The U.S. Senate has approved another $2 billion for the program, which was initially funded with $1 billion.
Officially known as the Car Allowance Rebate System Act, the measure provides up to $4,500 in taxpayer subsidy for those who trade in an old vehicle for a more efficient model. To qualify, the old car needs to get 18 miles per gallon or less while the new one must get at least 22 mpg.
by jboullion | Aug 10, 2009 | Uncategorized
From an article by Mike Ivey in The Capital Times:
The experts continue to debate the pros and cons of the “Cash for Clunkers” rebate program, but Wisconsin car buyers have already given it a big thumbs-up.
Wisconsin is 10th in the amount of cash requested from the program based on figures from the U.S. Department of Transportation released this week.
Of the nearly $775 million in clunker cash requests so far, more than $24 million came from Wisconsin. Michigan, California and Ohio were the top three states.
The U.S. Senate has approved another $2 billion for the program, which was initially funded with $1 billion.
Officially known as the Car Allowance Rebate System Act, the measure provides up to $4,500 in taxpayer subsidy for those who trade in an old vehicle for a more efficient model. To qualify, the old car needs to get 18 miles per gallon or less while the new one must get at least 22 mpg.
by jboullion | Aug 5, 2009 | Uncategorized
From a news release issued by Johnson Controls:
DETROIT, Aug. 5 /PRNewswire/ — Johnson Controls, Inc. (NYSE: JCI) today announced that it has been awarded a $299 million grant by the United States Department of Energy under the American Recovery and Reinvestment Act (ARRA) to build domestic manufacturing capacity for advanced batteries for hybrid and electric vehicles. This award represents approximately half of the company’s total planned investment of $600 million in domestic advanced battery manufacturing capacity and infrastructure development.
“This investment is an important step toward creating and building an industry in the United States that addresses market requirements and long-term opportunities for growth and new jobs in this country,” said Alex Molinaroli, president of Power Solutions for Johnson Controls. “We have assembled a world-class team of suppliers and automotive manufacturers, and we believe this comprehensive approach will enable the United States to establish a domestic industry that is competitive, economically viable and sustainable.”
In April, Johnson Controls and its joint venture partner Saft announced that Johnson Controls-Saft was awarded incentives for $148.5 million from the State of Michigan for the establishment of a U.S. manufacturing facility for lithium-ion cells and complete hybrid battery systems in Holland, Michigan. The Holland, Michigan facility will serve the company’s global customers, including Ford, for its first plug-in hybrid vehicle for 2012, Azure Dynamics, for its 2010 launch of the next generation Balance™ Hybrid Electric commercial vehicle, Daimler AG and BMW.
by jboullion | Jul 31, 2009 | Uncategorized
From an article in the Wisconsin State Journal:
WASHINGTON — The government plans to suspend its popular “cash for clunkers” program amid concerns it could quickly use up the $1 billion in rebates for new car purchases, congressional officials said Thursday.
The Transportation Department called lawmakers’ offices to alert them to the decision to suspend the program at midnight Thursday. The program offers owners of old cars and trucks $3,500 or $4,500 toward a new, more fuel-efficient vehicle. . . .
A White House official said later that officials were assessing the situation facing the popular program but auto dealers and consumers should have confidence that transactions under the program that already have taken place would be honored. . . .
Congress last month approved the Car Allowance Rebate System program, known as CARS, to boost auto sales and remove some inefficient cars and trucks from the roads. The program kicked off July 24 and was heavily publicized by car companies and auto dealers.
Through late Wednesday, 22,782 vehicles had been purchased through the program and nearly $96 million had been spent. But dealers raised concerns about large backlogs in the processing of the deals in the government system, prompting the suspension.
