No details on this yet, but the stimulus summary floating around Washington includes the following:
Provides incentives to buy new cars, including light trucks and SUVs, with a tax deduction for State and local sales taxes paid on the purchase.
At least congressional staffers knew better than to put it More…
This is a couple of days old, but worth a mention: With gas prices dropping ever further in recent months, the country’s fetish for big, gas-guzzling vehicles has returned. According to numbers released last week by Edmunds.com, an automotive analysis Website, trucks and SUVs will outsell cars in More…
As Congress and the White House negotiate the conditions of $15 billion in short-term financing for the automakers, a growing chorus of lawmakers, economists and consumer advocates is calling for specific fuel-efficiency benchmarks to be written into the legislation.
Rep. Edward Markey (D-Mass.), chairman of the House Select Committee on More…
As I reported last week, it’s still unclear what consumers may do now that oil and gasoline prices have plummeted. A bit of news from TradingMarkets.com shows that consumers’ mixed reactions to lower gas prices are making things especially difficult for the auto industry.
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