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Final weekend of clunkers program draws big crowds

August 24th, 2009

From Vermont to California, exhausted but appreciative car dealers watched their lots grow empty as crowds rushed to trade in gas guzzlers during the final weekend of the popular Cash for Clunkers program, The Associated Press reports. The hectic pace of the $3 billion rebate program accelerated in the final weekend, after the government announced the program would end at 8 p.m. EDT Monday, two weeks earlier than expected.  Adding to the urgency, some dealers had said they would stop Cash for Clunkers sales even earlier to make sure the government reimbursed them for the rebates — or because they didn’t have enough eligible cars left.

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Thanks, But No Thanks: GM Forgoes $2 Billion in Loans

March 16th, 2009

Friday the 13th, 2009 GM has announced it is withdrawing a request between $1 and $2 billion that it requested to help get through March, a very encouraging sign that it’s cost cutting efforts are working and the company is on track.

GM Buildings
GM Buildings

What do you think about this?

News ,

What is your opinion on the auto bail-out.

December 10th, 2008
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