Posts tagged ‘cash for clunkers’

New Government Report: U.S. Motor Vehicle Industry: Confronting a New Dynamic in the Global Economy (ISBN: 9781437931960)

U.S. Motor Vehicle Industry: Confronting a New Dynamic in the Global Economy (ISBN: 9781437931960)
By Bill Canis and Brent D. Yacobucci (Paperback, 68 pages, 2010, $30)

An in-depth analysis of the 2009 crisis in the U.S. auto industry. and its prospects for regaining domestic and global competitiveness. Analyzes business and policy issues arising from the restructurings within the industry.

The year 2009 was marked by recession and a crisis in global credit markets; the bankruptcy of GM and Chrysler; the incorporation of successor companies; hundreds of parts supplier bankruptcies; plant closings and worker buyouts; the cash-for-clunkers program; and increasing production and sales at year’s end.

Also examines the successes of Ford and the increasing presence of foreign-owned OEM (original equipment manufacturers), foreign-owned parts manufacturers, competition from imported vehicles, and a buildup of global over-capacity that threatens the recovery of U.S. domestic producers.

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May 28, 2010 at 10:00 am 1 comment

New Government Report: Auto Industry: Lessons Learned from Clash for Clunkers Program

Auto Industry: Lessons Learned from Cash for Clunkers Program
by A. Nicole Clowers (Paperback, 43 pages, 2010, $25)

In July and August 2009, the federal government implemented the Consumer Assistance to Recycle and Save (CARS) program, or “Cash for Clunkers,” a temporary vehicle retirement program that offered consumers a monetary credit ($3,500 or $4,500) to trade in an older vehicle for a new, more fuel-efficient one.

The National Highway Traffic Safety Administration (NHTSA) was responsible for administering the program, and GAO was required to review the program’s administration.

This report examines (1) what is known to date about the extent to which the CARS program achieved its objectives; (2) what stakeholders’ experiences were with the CARS program; and (3) how the CARS program compares to other selected domestic and international vehicle retirement programs. Tables and figures.

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May 3, 2010 at 8:00 am Leave a comment


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