News Stories

Cash For Clunkers is Working Great in Europe

http://www.nytimes.com/2009/04/01/business/global/01refunds.html BRATISLAVA, Slovakia — The economy here may be in free fall, but anxiety about the future did not stop Vilo Hrivnak from driving his 12-year-old green hatchback to the junkyard a few days ago and promptly buying his first new car, a cappuccino-colored Skoda. Like hundreds of thousands of car owners across Europe, Mr. …

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Editorial in NYT on Different Approaches of C4C Bill

http://www.nytimes.com/2009/04/07/opinion/07tue2.html?_r=2&ref=opinion President Obama’s rescue plan for the automotive industry has given the presidential seal of approval to a little-noticed movement in Congress to clear the roads of gas-guzzling clunkers and replace them with more fuel-efficient cars. It’s an excellent idea, with clear benefits for the environment and — Mr. Obama hopes — beleaguered carmakers.