LaHood: Government has compensated dealers for 70 percent of Cash for Clunker deals so farSeptember 16th, 2009 Gov't has made 70 percent of clunker paymentsWASHINGTON — The government has compensated dealers for 70 percent of the cars sold under the popular Cash for Clunkers program and they should be fully paid by the end of September, the transportation secretary said Wednesday. Secretary Ray LaHood told the National Automobile Dealers Association that 478,000 of the nearly 700,000 car vouchers have been paid, or about $2.4 billion.
Transportation Sec'y LaHood: Gov't on track to reimburse dealers for 'Clunkers' by Sept. 30September 10th, 2009 LaHood: Gov't paid dealers $1.2B for 'Clunkers'WASHINGTON — Transportation Secretary Ray LaHood says the government has approved $1.22 billion in reimbursements to car dealers for sales under the Cash for Clunkers program. LaHood said Thursday the government is on track to pay eligible dealers by a Sept.
A look at the Cash for Clunkers program, which is scheduled to end MondayAugust 21st, 2009 A look at the Cash for Clunkers programThe Department of Transportation said Thursday it intends to end the Cash for Clunkers program on Monday at 8 p.m. EDT. Here's a look at the $3 billion car incentive program.
AP Source: Obama administration to wind down Cash for Clunkers on MondayAugust 20th, 2009 AP Source: Cash for Clunkers to end on MondayWASHINGTON — The Obama administration plans to end the popular $3 billion Cash for Clunkers program on Monday, giving car shoppers a few more days to take advantage of big government incentives. The Transportation Department said Thursday the government will wind down the program on Monday at 8 p.m.
NY dealers say unpaid Cash for Clunkers claims mounting, prompting many to pull out of programAugust 19th, 2009 NY dealers pull out of clunkers programNEW YORK — Hundreds of auto dealers in the New York area have withdrawn from the government's Cash for Clunkers program, citing delays in getting reimbursed by the government, a dealership group said Wednesday. The Greater New York Automobile Dealers Association, which represents dealerships in the New York metro area, said about half its 425 members have left the program because they cannot afford to offer more rebates.
Obama administration assures car dealers they will be reimbursed for clunkersAugust 19th, 2009 LaHood says car dealers will 'get their money'WASHINGTON — Transportation Secretary Ray LaHood assured car dealers Wednesday that they will be reimbursed for sales made under the Cash for Clunkers program and said the department would soon offer plans to wind down the popular car incentives. LaHood said the department will announce by Friday how it intends to discontinue the program that offers car buyers rebates of $3,500 to $4,500 for trading in older vehicles and buying new, more fuel-efficient models.
Transportation Sec'y LaHood proclaims 'cash for clunkers' successful, says it boosts economyAugust 5th, 2009 LaHood extolls 'cash for clunkers' as huge successWASHINGTON — Transportation Secretary Ray LaHood proclaimed "cash-for-clunkers" a roaring success just as the Senate seems poised to push the popular program back into high gear with another $2 billion in cash. LaHood said Wednesday that in just a brief time, "the government has proved we can get money out the door and sell almost 160,000 cars."
LaHood is a Republican and former congressman from Illinois.
DOT declines to release data on 'cash for clunkers' that would show impact on US carmakersAugust 4th, 2009 Obama administration withholds data on clunkersWASHINGTON — The Obama administration is refusing to quickly release government records on its "cash-for-clunkers" rebate program that would substantiate — or undercut — White House claims of the program's success, even as the president presses the Senate for a quick vote for $2 billion to boost car sales. The Transportation Department said it will provide the data as soon as possible but did not specify a time frame or promise release of the data before the Senate votes whether to spend $2 billion more on the program.
DOT declines to release data on 'Cash for clunkers' that would show impact on US manufacturersAugust 4th, 2009 Obama administration withholds data on programWASHINGTON — The Obama administration is refusing to release government records on its "cash-for-clunkers" rebate program that would substantiate — or undercut — White House claims of the program's success, even as the president presses the Senate for a quick vote for $2 billion to boost car sales. Transportation Secretary Ray LaHood said Sunday the government would release electronic records about the program, and President Barack Obama has pledged greater transparency for his administration.
Senate under pressure to provide $2B more for popular 'cash for clunkers' programAugust 3rd, 2009 Obama administration presses Senate on 'clunkers'WASHINGTON — The Senate came under increasing pressure Monday to refuel the stalling "cash-for-clunkers" initiative amid uncertainty over how much money, if any, is left in the fund bankrolling the popular program. The Obama administration pushed for an additional $2 billion after serving notice over the weekend that the program could expire as early as this week unless the Senate acts, as the House did in voting overwhelmingly for the money last Friday.
White House spokesman: cash-for-clunkers program may not survive if Senate doesn't vote by FriAugust 3rd, 2009 White House: Senate must save clunkers programWASHINGTON — President Barack Obama's chief spokesman says the popular cash for clunkers rebate program may not survive beyond Friday if the Senate doesn't provide a $2 billion cash infusion. The program ran out of money last week.
Obama administration says 'cash for clunkers' will be suspended unless Senate provides $2BAugust 2nd, 2009 Ball in Senate's court on 'cash for clunker' salesWASHINGTON — With the "cash for clunkers" program essentially running on fumes, the Obama administration served notice on the Senate that it must pour in $2 billion more to keep it on track. Transportation Secretary Ray LaHood set the latest policy marker for the popular car-purchase program, saying Sunday that he thought the existing $1 billion pool would be exhausted by the end of the weekend.
AP sources: Government to suspend 'cash for clunkers' program out of funding concernsJuly 31st, 2009 AP sources: Govt to suspend 'cash for clunkers'WASHINGTON — Congressional officials say the government plans to suspend the popular "cash for clunkers" program amid concerns it could quickly use up the $1 billion in rebates for new car purchases. The Transportation Department called congressional offices late Thursday to alert them to the decision to halt the program, which offered owners of old cars and trucks $3,500 or $4,500 toward a new, more fuel-efficient vehicle.
Levin says lawmakers assured cash for clunkers car purchase program good through FridayJuly 31st, 2009 Levin: 'Cash for Clunkers' good through FridayWASHINGTON — The Obama administration promised on Friday that the financially strapped "cash for clunkers" program will be good at least through the day. Sen. Carl Levin, D-Mich., said he got the word from Transportation Secretary Ray LaHood as members of the Ohio and Michigan congressional delegations huddled on Capitol Hill to discuss ways to keep the popular program going.
House, Senate, eyeing votes Friday to save popular 'cash for clunkers' car purchase programJuly 31st, 2009 Congress trying to save 'clash for clunkers' salesWASHINGTON — The House raced Friday to pass legislation pouring an additional $2 billion into the popular — but financially strapped — "cash for clunkers" car purchase program. Reps. Sander Levin, D-Mich., and Betty Sutton, D-Ohio, revealed the floor plan after he and other lawmakers were assured by Transportation Secretary Ray LaHood that the program would continue at least through Friday while the Obama administration looked for more money.
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