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US cash for clunkers scheme ends

Green Cars News

This program has been a lifeline to the automobile industry, jump starting a major sector of the economy and putting people back to work,” Secretary LaHood said. “At In response to the scheme, both General Motors and Ford ramped up production, adding shifts and rehired laid off workers to meet renewed demand.

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The Magnet That Made the Modern World

Cars That Think

It’s one of the great stories of corporate intrigue: General Motors in the US and Sumitomo in Japan independently conceived the technology, and then worked in secret, racing to commercialize the technology, and without even being aware of the other’s efforts. Today, some 95 percent of permanent magnets are neodymium-iron-boron.

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GM Says Chevrolet Volt Won't 'Pay the Rent' | Autopia from Wired.com

Tony Karrer Delicious EVdriven

It is simply the cost of doing business. "On some products, the costs, particularly in advanced technologies, are high," he said in a lengthy interview with Automotive News (free subscription required). " In other words, General Motors is going to lose its shirt until the Volt establishes itself in the marketplace.

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