The Cash For Clunkers, or C.A.R.S. program is now officially in place throughout the country. The concept behind the government backed program is really very simple. If a person owns an older, not so efficient auto, it could be worth anywhere from $3,500 to $4,500 dollars at trade in. Combined with other incentives from auto [...]
Posts Tagged ‘Chrysler’
Chrysler And Fiat Close To Merging
Thanks to swift action from the Italian automaker Fiat, Chrysler is set to be out of bankruptcy court sooner than expected. After federal bankruptcy court cleared the way for Chrysler to exit bankruptcy, Fiat put forth a proposal to acquire 20 percent of Chrysler’s assets. That figure could go as high as 35 percent if [...]
Another Downturn For The Automotive Community
Visteon Corporation, one of the biggest suppliers of automotive parts to Ford Motor Company and Hyundai Motors, claims they are bankrupt. The supplier of lighting systems, electronics, and climate control systems was once owned by the Ford group, but split in 2000 and hasn’t made a profit since.
Visteon tried cutting workers to 4 days a [...]