Updates from July, 2009
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It turns out dealers will have to pay taxes on the thousands of dollars in rebates they receive under the federal cash-for-clunkers program, according to an IRS advisory bulletin issued today.7:28 pm on July 31, 2009
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7:28 pm on July 31, 2009
The pension plan covering 10,770 employees of bankrupt auto supplier Metaldyne Corp. has been taken over by the federal government’s Pension Benefit Guaranty Corp., the company said today.
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7:28 pm on July 31, 2009
Honda Motor Co. said on Friday that it is recalling another 440,000 vehicles — including some of its best-selling Accord and Civic models — for a potentially lethal airbag defect.
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7:28 pm on July 31, 2009
The National Automobile Dealers Association today cautioned members that they face risks if they go ahead with cash for clunkers deals before federal funding has been assured.
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7:28 pm on July 31, 2009
Honda Motor Co said on Friday that it is recalling another 440,000 vehicles — including some of its best-selling Accord and Civic models — for a potentially lethal airbag defect.
Popularity: unranked [?]
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7:28 pm on July 31, 2009
Brian Godfrey, general manager of Pat Milliken Ford in suburban Detroit, is glad he had plenty of vehicles in stock, especially Ford Fusions, Focuses and Escapes.
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Denso Corp. swung to a loss in the quarter ended June 30 as sales tumbled in the wake of vehicle-production cuts in its major markets. But the world's second-largest auto-parts maker also predicted its loss in the six months to Sept.2:50 pm on July 31, 2009
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7:28 pm on July 31, 2009
The House voted Friday to rush an additional $2 billion into the popular but financially strapped “cash for clunkers” car purchase program.Popularity: unranked [?]
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7:28 pm on July 31, 2009
The House passed legislation to inject $2 billion into the cash for clunkers program after the administration reported that the popular $1 billion federal incentive was running out of money shortly after it began.
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7:28 pm on July 31, 2009
The House passed legislation to inject $2 billion into “Cash for Clunkers” after the administration reported that the $1 billion federal program was running out of money shortly after it began.
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