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Can green cars solve automotive crisis? The Green Piece

Green Cars News

Part of the swing in culture has been a downturn in new car sales. In the US, Chrysler and General Motors fell into bankruptcy; while in Japan even its major automakers have been left reeling from significant profit falls. However, the company’s bright spark remains its green efforts. Averting a slump.

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Cash for clunkers enjoys early success

Green Cars News

So after the UK’s vehicle scrappage scheme was hailed a success, what of the so-called “cash for clunkers&# programme in the US? The subsidy programme has helped Ford to its first increase in US vehicle sales since 2007 after it sold 158,838 vehicles in July - that’s an increase of two per cent on the same month last year.

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US cash for clunkers scheme ends

Green Cars News

The US car scrappage scheme know as the ‘cash for clunkers’ plan will end next week after the funds ran out. The programme was initially only allocated $1bn but a further $2bn was injected earlier this month after a boost in US car sales. The CARS program has recorded more than 457,000 dealer transactions worth $1.9

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Has the cash for clunkers scheme failed? The Green Piece

Green Cars News

The Car Allowance Rebate System (CARS for short, or ‘cash for clunkers’ as it is more commonly known) was the US’s answer to the scrappage schemes in Germany and the UK which appeared to have revitalised their respective automotive sectors. So is this scheme green at all? A money saving scheme that’s proving costly.