While the U.S. saw a 37 percent decline in auto sales last month, AFP reports, “German auto sales shot up 40 percent in March compared with the same month in 2008 in what analysts on Thursday called a “shopping frenzy” that will lighten the recession in Europe’s top economy.” The boost, the German VDA Automobile Federation says, “was due to a government bonus for scrapping old cars for newer, greener models as well as a larger Read more…
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It can be rare to hear a CEO admit that their company has made mistakes. Allan Mulally, CEO of Ford, has done just that.
Speaking at the WSJ ECO:nomics conference in Santa Barbra, the Wall Street Journal reports Mulally acknowledging Ford products haven’t always been the best. “We really have lost a generation,” WSJ quotes him as saying, adding “In the past, Ford ‘did not have a consistency of purpose,’ he Read more…
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The Chevy Volt will be too expensive to justify, according to a new study published by Carnegie Mellon University.
Bloomberg reports, “General Motors Corp.’s Volt electric car may be too expensive to buy and operate to displace Toyota Motor Corp.’s Prius hybrid as the industry benchmark for cutting fuel use and cutting carbon exhaust.”
The problem, according to engineering professor Jeremy Michalek, lead Read more…
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Uncle Sam wants your ‘88 Ford Bronco, and he’s willing to overpay.
Under a proposal introduced in Congress on Wednesday, the federal government may pay Americans to turn in older, higher-emissions cars and buy new, more efficient models, or decide to ride public transit. The money would be paid in the form of a voucher that could be used toward the purchase of a newer car, or toward commuting costs on public transit, Read more…
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