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Jun 11, 2009
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then you either buy a new car or lease one. u get some of these old cars, the less fuel efficient ones, and it is a tipping point to get people back into the showroom. edison said. it will not be a permanent program. it passed in our energy and commerce committee by a bipartisan vote, more than two- thirds in the house, as well. if you bring in an old car, into a dealer to buy or lease a new car, if that vehicle is less than 18 miles per gallon in dubai a car that will be better than 4 miles per gallon better, you'll get your $3,500 or $4,500 off. host: does the money come from the federal government? guest: it will be a direct transfusion from the government to the dealer. they will scrap the car, and keep some parts it is expected to be in a supplemental appropriation bill. it will probably get to the president's desk in the next week or two. the president supports that provision. host: let's get to some calls. we have tom, from toledo, ohio. caller: good morning. i have a statement. i am and ex-auto maker. back in the 1980's
then you either buy a new car or lease one. u get some of these old cars, the less fuel efficient ones, and it is a tipping point to get people back into the showroom. edison said. it will not be a permanent program. it passed in our energy and commerce committee by a bipartisan vote, more than two- thirds in the house, as well. if you bring in an old car, into a dealer to buy or lease a new car, if that vehicle is less than 18 miles per gallon in dubai a car that will be better than 4 miles...
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Jun 18, 2009
06/09
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tried in january of this year in germany where they offered $3,300 to consumers to replace old cars with new ones. at the end of the program's first month, car sales in germany dramatically increased by 2. the bad news: that same month, automobile sales in the united states went down by 41%. germany knew how to create a surge in purchasing. by consumers. with a similar legislation to what's being brought to the floor. let's be honest about the automobile industry. next the housing industry is at the base of our economic pyramid. we need to make sure a strong auto industry is available to america so we can rebuild out of this recession and start creating jobs. those who want to kill this provision are walking away from incentives to put people back to work in the dealerships, selling cars, and producing cars, and services cars. understand what we are going to face if we do nothing which is what they want to do -- do nothing. i think that is a terrible outcome. if we want to stand behind recovering from this recession, restoring consumer confidence, if we want to move old cars off the road, th
tried in january of this year in germany where they offered $3,300 to consumers to replace old cars with new ones. at the end of the program's first month, car sales in germany dramatically increased by 2. the bad news: that same month, automobile sales in the united states went down by 41%. germany knew how to create a surge in purchasing. by consumers. with a similar legislation to what's being brought to the floor. let's be honest about the automobile industry. next the housing industry is...
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Jun 9, 2009
06/09
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used car sales outnumber new car sales three to one in the u.s. treating cars that meet the same fuel efficiency standards differently based on whether they are new or previously owned effectively picks winners and losers amongst the dealers. given the difficult economic situation faced by all americans, i do not believe it is wise or necessary to reward some americans while punishing others. if we were to expand this bill to include the purchase of previously owned vehicles, it would truly be a win-win as it helps the environment by encourage -- encourage more fuel efficient vehicles and helpese our dependence on foreign oil and provide another incentive to help jump start the economy. mr. speaker, i'm saddened i was not allowed to offer an amendment but i hope we can work to address the concerns of those who make their living selling previously owned vehicles. i yield back. the speaker pro tempore: the gentleman's time has expired. the gentleman from michigan reserves. the gentlewoman from ohio is recognized. ms. sutson: may i inquire how much ti
used car sales outnumber new car sales three to one in the u.s. treating cars that meet the same fuel efficiency standards differently based on whether they are new or previously owned effectively picks winners and losers amongst the dealers. given the difficult economic situation faced by all americans, i do not believe it is wise or necessary to reward some americans while punishing others. if we were to expand this bill to include the purchase of previously owned vehicles, it would truly be...
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Jun 22, 2009
06/09
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do is essentially provide cash incentive to people to trade and older and heavier vehicle and buy new cars off the lot so they get rid of some of the huge backlog of cars that exists right now. >> host: you had a good graphic company in an article you did last week with your colleague at "the wall street journal," john schmidle, about what the provisions would do and have a look at it here. the requirement for the trade in, if it's 18 miles a gallon or less is 1984 or after you can treated in. but you have to get, like, for a new car at least 22 miles per gallon, and then $4,500 subsidy. if it's less than 4 miles per gallon, 3500. >> guest: it's at least 4 miles, but 3500 if it is at least 10 miles improvement -- >> host: have they done any projections on not just in terms of what this would mean for the auto industry but what about for the environment? what about pollution standards? >> guest: this is one of the most controversial aspects. it is only a 4-mile per gallon improvement which isn't that much improvement. there was an alternative to legislation promoted by senators feinstein in
do is essentially provide cash incentive to people to trade and older and heavier vehicle and buy new cars off the lot so they get rid of some of the huge backlog of cars that exists right now. >> host: you had a good graphic company in an article you did last week with your colleague at "the wall street journal," john schmidle, about what the provisions would do and have a look at it here. the requirement for the trade in, if it's 18 miles a gallon or less is 1984 or after you...
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Jun 22, 2009
06/09
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cars. an article in "the new york times" say small car makers benefit from detroit's financial woes. is detroit competitively positioned to take advantage of cash for clunkers in offering high mileage vehicles as well as some of the foreign competitors? guest: it is probably a fair comment to say detroit is very much going through the process of reorganizing their product lines and bringing out smaller cars. i do not think this program is going to benefit the next generation of cars we're talking about coming down 2010 or 2011. this is really meant to be a short-term stimulus. a lot of the larger and more traditional vehicles obviously would not benefit. guest: -- host: was there much opposition to this? guest: i think there was. the environmentalists were opposed to this version because they said it that not do enough. a lot of fiscal conservatives were opposed because it was yet another billion dollar ad on to lots of government largess. but there were a lot -- and of supporters in the auto industry and congress and those who view the problems of the auto industry as akin to the ec
cars. an article in "the new york times" say small car makers benefit from detroit's financial woes. is detroit competitively positioned to take advantage of cash for clunkers in offering high mileage vehicles as well as some of the foreign competitors? guest: it is probably a fair comment to say detroit is very much going through the process of reorganizing their product lines and bringing out smaller cars. i do not think this program is going to benefit the next generation of cars...
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Jun 11, 2009
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it is up to you whether you want to buy a used or new car. what this bill does is it creates a new incentive to get all rosales back up so we can put people back to work. the idea is what we want people working and pay taxes then drawing benefits, whether unemployment or whatever, trying to help the auto industry get through this. more than just the big three. toyota supported this, honda, mazda, and a number of other countries. you still maintain the right you have to drive whenever vehicle you want, whether it is a use for a new car. you are right on when you talk about coal and oil from tar sands and that kind of thing. i'm a big supporter of all of the above. we need to do it all. in my district in michigan this past week and gas went up to $2.95 and when i go back i guess it will be a little bit higher as the summer season continues. we are importing most of the oil we consume, better than 70%, in fact. that price is driven by opec and what is the world wide price. the more we can do for all of the above to develop domestic sources of ene
it is up to you whether you want to buy a used or new car. what this bill does is it creates a new incentive to get all rosales back up so we can put people back to work. the idea is what we want people working and pay taxes then drawing benefits, whether unemployment or whatever, trying to help the auto industry get through this. more than just the big three. toyota supported this, honda, mazda, and a number of other countries. you still maintain the right you have to drive whenever vehicle...
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Jun 5, 2009
06/09
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sold in beat the record again in may with 113 new car sales, carona motors increased as new-car sales 75%. yet these three dealers received termination notices. so understandably they have questions they want answered today about how these decisions were made, why they were given so little time and if there is any time that can be extended. and they feel that these decisions may have been made in the boardrooms and enshrined but they are affecting people in the living rooms in minnesota. this is about local communities as senator hutchinson described as senator rockefeller described throughout this country, and is about home grown locally owned businesses as well as the employees and customers to depend onç them. gm and tom letter to are here today are co-owners of. josh chrysler, the business unlike, for decades with 40 workers of the largest employer because of what was going on, they actually had a rally this saturday, 400 people showed up here and i received a 1200 letters from people in this community that what this dealership to stay open. and the things that we are most concer
sold in beat the record again in may with 113 new car sales, carona motors increased as new-car sales 75%. yet these three dealers received termination notices. so understandably they have questions they want answered today about how these decisions were made, why they were given so little time and if there is any time that can be extended. and they feel that these decisions may have been made in the boardrooms and enshrined but they are affecting people in the living rooms in minnesota. this...
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Jun 18, 2009
06/09
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it was tried in germany where they offered $3,300 to concern is to replace old cars with new ones. at the end of the program's first month, car sales dramatically increased by 21%. the bad news, the same month in the automobile sales went down by 41%. germany knew how to create a surge in purchasing by consumers with similar legislation to what is being brought to the floor. let's be honest about the automobile industry. it is at the base of our economic. along with the housing industry. we need to make sure that a strong auto industry is available so we can come out of this recession and start creating jobs. those who want to kill this provision are walking away from incentives to put people back to work. dealerships servicing cars, selling cars, and producing cars across america. i beg those that oppose this to understand that doing nothing is a terrible outcome. if we want to recover from this recession and restore consumer confidence, if we want to move old cars off the road, and bring new cars on the road with higher gas mileage, this is our opportunity. let's not get caught up
it was tried in germany where they offered $3,300 to concern is to replace old cars with new ones. at the end of the program's first month, car sales dramatically increased by 21%. the bad news, the same month in the automobile sales went down by 41%. germany knew how to create a surge in purchasing by consumers with similar legislation to what is being brought to the floor. let's be honest about the automobile industry. it is at the base of our economic. along with the housing industry. we...
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Jun 13, 2009
06/09
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thank god i only have two new cars left but some have half a million dollars worth. we hear the cars will be trucked away and we will wait for the money some hopper i have not seen anything on paper obery will be paid. that is an important aspect. is there a written procedure? >> first of all. >> dell webb has been megabyte to respond to the issue of three imperfect -- reimbursement. dealers are being reimbursed what they paid for the vehicle, what it cost them less $350. though word invoice comment it includes the hold back that we collect and give back to them but they are being paid what they paid us less $350. >> that is just 2009. >> in terms of the process we have published the process for the redistribution, we have asked the dealers to sign an agreement that allowed us to take responsibility and what the process is and it is available for them to understand what can be used. >> mr. spencer i know you are jumping in but go ahead. >> speak into the microphone. >> you asked the question of other dealers in a similar situations of the stores that were terminated,
thank god i only have two new cars left but some have half a million dollars worth. we hear the cars will be trucked away and we will wait for the money some hopper i have not seen anything on paper obery will be paid. that is an important aspect. is there a written procedure? >> first of all. >> dell webb has been megabyte to respond to the issue of three imperfect -- reimbursement. dealers are being reimbursed what they paid for the vehicle, what it cost them less $350. though...
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Jun 13, 2009
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can order new cars. i can't return parts.m partially in the game but i'm not really in the game. >> calabaza gemma next to you? >> do you feel terminated? >> absolutely. >> why? >> same reasons that mr. thomas said. marketplace where i do business has viewed us as going out of business. the precedent to our dealership, tv stations have been to our dealership. my employees are extremely worried, extremely nervous. it's just like beige. >> could have been a different way -- i think you mentioned that you've had sort of standing offers from people to buy your dealership over the years. >> there have been people approaching. i'm sure mr. thomas has had people. anybody who has a good viable business. >> could there have been a different strategy or what if you weren't meeting the goals that general motors set for you, you could've been given time to sell your dealership? did they give you an opportunity to change up what it was? >> no, sir. >> and when they have evaluated you in the past of the adversary if you don't do these seve
can order new cars. i can't return parts.m partially in the game but i'm not really in the game. >> calabaza gemma next to you? >> do you feel terminated? >> absolutely. >> why? >> same reasons that mr. thomas said. marketplace where i do business has viewed us as going out of business. the precedent to our dealership, tv stations have been to our dealership. my employees are extremely worried, extremely nervous. it's just like beige. >> could have been a...
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Jun 19, 2009
06/09
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known with this is all about is really intended to help with subsidize new car purchases. w that is why the presidency all of the allies of automobile manufacturers wrote asking all senators to support this program as well as the united auto workers legislative director who call this provision quote, the single most important step congress can take right now to assist in the autumn industry. have in congress done enough for the auto industry? when is $85 billion not enough? where the auto industry. we leslie this provision is a lemon according to a june 13th 2000 article from the l.a. times that stated critics say the improvement required in the trade as little as 1 mile per gallon for certain light trucks. in other words, trade in your zero light truck and buy another one is 1 mile per gallon more fuel-efficient bois, will swap so you can swap one gas guzzlers for another paris over $1 billion this provision doesn't achieve in the environmental goals is author set forth in either. or my colleagues, senators feinstein and collins argued in an opinion piece published in "the
known with this is all about is really intended to help with subsidize new car purchases. w that is why the presidency all of the allies of automobile manufacturers wrote asking all senators to support this program as well as the united auto workers legislative director who call this provision quote, the single most important step congress can take right now to assist in the autumn industry. have in congress done enough for the auto industry? when is $85 billion not enough? where the auto...
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Jun 9, 2009
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new car sales constitute a major percentage of the nation's consumer spending and increasing vehicle sales also stimulates demand for raw goods from which automobiles are manufactured. production of glass, steel, plastics, and other primary materials will be increased as more new cars are sold creating jobs throughout the economy. similar programs have shown proven results abroad. in germany sales were boosted roughly 40%. many other nations have acted to strengthen their economies with policies designed to sell more automobiles and the u.s. should not be left behind. we must pass the cars act today to create a recovery not just for our auto industry but for the entire economy. the speaker pro tempore: the gentleman yields back. for what purpose does the gentleman from texas rise? mr. poe: request permission to address the house for one minute. the speaker pro tempore: without objection. mr. poe: mr. speaker, two american journalists, laura ling and euna lee are reporters for current tv. they were in china near the north korean border making a film about the horrible sex trafficking
new car sales constitute a major percentage of the nation's consumer spending and increasing vehicle sales also stimulates demand for raw goods from which automobiles are manufactured. production of glass, steel, plastics, and other primary materials will be increased as more new cars are sold creating jobs throughout the economy. similar programs have shown proven results abroad. in germany sales were boosted roughly 40%. many other nations have acted to strengthen their economies with...
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Jun 5, 2009
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discontinued dealerships sell less than 100 oa year and 84% of the dealers sell many more used cars than new and hopefully those dealers will continue to sell and service used cars. chrysler is working hard to ensure a soft landing for all the discontinued dealers. every dealer was contacted by a representative from his or her business center. we offered help in disposition of vehicles, parts, inventory and tools. on may 14, there were 42,000 vehicles in stock at the discontinued dealers. today i'm very happy to report that 97% of those vehicles have been sold or we have commitments in place to redistribute them from the affected dealers. we're grateful to the loyal chrysler customers who have supported us and it's important to our future that we take care of their needs throughout this process. all chrysler vehicle owners will receive a letter assuring them that warranty claims will continue to be honored and we have a toll-free hotline to answer any questions. i would also like to note that congress can give a significant boost to the success of or re-aligned dealer network by passing the
discontinued dealerships sell less than 100 oa year and 84% of the dealers sell many more used cars than new and hopefully those dealers will continue to sell and service used cars. chrysler is working hard to ensure a soft landing for all the discontinued dealers. every dealer was contacted by a representative from his or her business center. we offered help in disposition of vehicles, parts, inventory and tools. on may 14, there were 42,000 vehicles in stock at the discontinued dealers. today...
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Jun 7, 2009
06/09
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when a difficult decision must be made on where to open a new plan or what type of car to make the new gm, not the government, will make that decision. our goal is to get gm back on its feet, take a hands-off the purchase, and get out quickly. exiting requires not only new investment by giving gm a chance to start by clearing away the massive past debts weighing down the company. that is why earlier today gm did what chrysler has successfully done and filed for chapter 11 bankruptcy with the support of its key stakeholders and at the u.s. government. in all likelihood this process will take more time for gm than it did for chrysler because gm is a bigger, more complex company. chrysler's extraordinary success reaffirms my confidence that gm will emerge quickly. and as a stronger, more competitive company. i want to remind everyone that if you're considering buying a gm car during this time of restructuring your warranties will be safe and a government- backed. i am confident the steps i am announcing today will mark the end a neof an old gm and the beginning of a new gym, one that can
when a difficult decision must be made on where to open a new plan or what type of car to make the new gm, not the government, will make that decision. our goal is to get gm back on its feet, take a hands-off the purchase, and get out quickly. exiting requires not only new investment by giving gm a chance to start by clearing away the massive past debts weighing down the company. that is why earlier today gm did what chrysler has successfully done and filed for chapter 11 bankruptcy with the...
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Jun 17, 2009
06/09
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to get them off the road to put new cars on the road. hopefully, to increase mileage of the auto fleet and also to stimulate the economy. that may be a good idea. but it's not a good idea to not pay for that. i mean, we have already spent $740 billion on the stimulus package -- unpaid for. we have spent $83 billion on the automobile buyouts, on the automobile bailout -- unpaid for. now to put this extra $1 billion on top of all of that is just adding sthult t insult to injurr next generation and our children's children. why should our children and our grandchildren have to pay the bill for us paying $3,500 to somebody to buy their car today? i mean, how fiscally irresponsible is that? it's especially irresponsible when you realize it is being done in the context and on the same day, as, i believe, the president announcing we were going back to pay-go principles where we actually pay for new programs that we put on the books. but in order to avoid that, in order to avoid what they just signed on to, the congressional democratic leader at
to get them off the road to put new cars on the road. hopefully, to increase mileage of the auto fleet and also to stimulate the economy. that may be a good idea. but it's not a good idea to not pay for that. i mean, we have already spent $740 billion on the stimulus package -- unpaid for. we have spent $83 billion on the automobile buyouts, on the automobile bailout -- unpaid for. now to put this extra $1 billion on top of all of that is just adding sthult t insult to injurr next generation...
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Jun 18, 2009
06/09
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car, but the increased mileage on the new car you buy only has to be a mile or two miles a gallon, which is virtually nothing. it has virtually no impact. so the philosophy of the bill itself is flawed. but the real problem with this bill, besides the fact that it's in a piece of legislation that it shouldn't be in, is the fact that it is totally unpaid for. it's $1 billion of new costs put on our children's shoulders. it's $1 billion of new spending put on the federal debt. we already know that the federal debt isn't sustainable. almost every day we are hearing international purchases of our debt, whether it be china or whether it be russia or whether it be international economists or economists of the united states saying that the american debt situation has gotten out of control. and that we are at risk as a nation of having a situation where our -- the cost of our debt will go up dramatically because we are putting so much debt on the books. under the president's budget the deficit of this government will be $1 trillion a year on average for the next 10 years. we will be running defi
car, but the increased mileage on the new car you buy only has to be a mile or two miles a gallon, which is virtually nothing. it has virtually no impact. so the philosophy of the bill itself is flawed. but the real problem with this bill, besides the fact that it's in a piece of legislation that it shouldn't be in, is the fact that it is totally unpaid for. it's $1 billion of new costs put on our children's shoulders. it's $1 billion of new spending put on the federal debt. we already know...
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Jun 19, 2009
06/09
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in terms of the environment this is a win with every single new car that is sold. every car under this program will be more efficient, will be cleaned in a car or truck it replaces and that is a fact. this bill will save 133 gallons of gasoline per vehicle per year and reduce greenhouse gas emissions by 1.45 million metric tons. in 2010 vehicles, model year 1998 or earlier will account for 25% of the miles driven but 75% of all of the tailpipe emissions. so if we are able to get older vehicles worth $4,500 or less of the road, they are scrapped when they return in so they can along pollute, and people and if it's 10 miles per gallon better than their old car they get authority $500 voucher that seems to me to be a step in the right direction. is it all it could be? no, it never is. we work hard, take two steps, take three steps. but this is certainly a step forward. this bill is about jobs, mr. president. this is a will about jobs, about small business, about the environment as well. and we will see immediate reductions in fuel usage, carbon emissions and air pollut
in terms of the environment this is a win with every single new car that is sold. every car under this program will be more efficient, will be cleaned in a car or truck it replaces and that is a fact. this bill will save 133 gallons of gasoline per vehicle per year and reduce greenhouse gas emissions by 1.45 million metric tons. in 2010 vehicles, model year 1998 or earlier will account for 25% of the miles driven but 75% of all of the tailpipe emissions. so if we are able to get older vehicles...
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Jun 13, 2009
06/09
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new vehicles. we have been reduced to being a used car lot in a neighborhood automobile repair facility. in the process 35 faithful and loyal long term employees have lost their jobs and pierce county in the state of washington have lost a payroll of approximately 1.3 million per year. again, thank you for the up and city to have given to tell you how the t.a.r.p. funds to authorize your being used. >> thank you for your testimony. we have a vote on the floor, it is only one so i will ask members to recess right now, go down and go and hear from mr.. and the mr. golic and go into questions so please come back in 50 minutes. we will give you a chance to stretch your legs and see you back in 15 minutes. we are in recess. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2009] >> take your time. pull the fort. you are on. >> can you hear me now? distinguished members of the subcommittee, i want to thank you for the honor of appearing here today. i would like to thank congresswoman sutton in providing this opportunity to represent my f
new vehicles. we have been reduced to being a used car lot in a neighborhood automobile repair facility. in the process 35 faithful and loyal long term employees have lost their jobs and pierce county in the state of washington have lost a payroll of approximately 1.3 million per year. again, thank you for the up and city to have given to tell you how the t.a.r.p. funds to authorize your being used. >> thank you for your testimony. we have a vote on the floor, it is only one so i will ask...
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Jun 8, 2009
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i don't understand why there is difficulty to have new cars get good mileage like i get from a 1988. also i would like to ask quickly, if there is a tie-in between the oil industry and the automobile manufacturers. i am very suspicious that mileage is tied into the oil companies. i would appreciate your reply, thank you. guest: well, two questions and let me answer the first. absolutely not, there is no connection between the oil and the manufacturers. that's an urban myth that's been out. and fuel is a component but no control of oil companies. as far as the technology, fiesta was a small car and fuel-efficient. ford is introducing another european version that i think will be popular in the u.s. again fuel economy is important and that's why we supported the increase in the standards in 2007 in congress and now with an average of 35.5 miles per gallon, that means that this will be higher, and it will be tough to get to those needs, can consumers liking choices. this combined average will help us get. there is a lot of technology in the engine itself and in power trains, will make a
i don't understand why there is difficulty to have new cars get good mileage like i get from a 1988. also i would like to ask quickly, if there is a tie-in between the oil industry and the automobile manufacturers. i am very suspicious that mileage is tied into the oil companies. i would appreciate your reply, thank you. guest: well, two questions and let me answer the first. absolutely not, there is no connection between the oil and the manufacturers. that's an urban myth that's been out. and...
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Jun 10, 2009
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they're going over their limits and buying brand new cars they cannot afford. they're blaming it on the banks. for some reason the bank should have the responsibility of telling them they cannot afford it? you should be smart enough at 40 years old to know what you can afford something or not. the administration is doing a good job was something they're really not responsible for. host: as we show you hearings in proceedings, that deal with the auto industry today, looking at federal aid. this is out of the senate banking committee and will feature ron bloom, the senior advisor of the auto industry for the treasury department. that will be live on c-span 3, and you can listen to it also on c-span radio. a story this morning and "the washington post." the house has approved this bill which would allow $4 billion under the house plan for cars and trucks sold in 1984 to be turned in for a voucher for the purchase of a car that has better fuel economy. to qualify for the $3,500 voucher a passenger car would have to get at least 4 miles per gallon more than the trad
they're going over their limits and buying brand new cars they cannot afford. they're blaming it on the banks. for some reason the bank should have the responsibility of telling them they cannot afford it? you should be smart enough at 40 years old to know what you can afford something or not. the administration is doing a good job was something they're really not responsible for. host: as we show you hearings in proceedings, that deal with the auto industry today, looking at federal aid. this...
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Jun 7, 2009
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one set a record with 103 new cars sold beat the record in may with 113 car sales. can a ronse motors service working increased by 75% yet these three dealers received termination notices so understandably they have questions they want answers about how these decisions were made and why they were given so little time and if there's any time that can be extended they feel these decisions were made in the board rooms in detroit but are affecting those in the living rooms of minnesota. senator rockefeller described this throughout the country it's about homegrown locally owned businesses as well as the customers and compleeze who depend on them. the co-owners or fewery dodge chrysler the business been in lake almay for decades with 40 workers the largest employer because of what was going on they had a rally with 400 people show up. i 1200 letters from people in this community who want this dealer to stay open. the things we are most concerned about is first of all, why there isn't some kind of internal appeals process on the chrysler side for those who think they have
one set a record with 103 new cars sold beat the record in may with 113 car sales. can a ronse motors service working increased by 75% yet these three dealers received termination notices so understandably they have questions they want answers about how these decisions were made and why they were given so little time and if there's any time that can be extended they feel these decisions were made in the board rooms in detroit but are affecting those in the living rooms of minnesota. senator...
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Jun 22, 2009
06/09
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according to the nebraska new car and truck dealers association, more than 13,600 nebraskans work in jobs tied to the auto industry in the state of nevada and accounts for $267 million in waims for nebraska and individuals and families. however, now that an investment has been made we owe it to the american taxpayers to be clear about what will happen with their money. the resolution states that the federal government is only a temporary stakeholder in the american automotive industry and should take all possibles steps to protect american taxpayer dollars and divest its ownership interest as speak dishly as possible. the government should not be involved in day-to-day operations and as soon as the auto companies have rebeginned their financial footing the government must divest. it's involvement should not be open-ended. further, this resolution calls on the government accountability office and the inspector general for the troubled assets relief program, or tarp, to continue providing oversight. in addition, the g.a.o. and inspector general will report to congress on automotive com
according to the nebraska new car and truck dealers association, more than 13,600 nebraskans work in jobs tied to the auto industry in the state of nevada and accounts for $267 million in waims for nebraska and individuals and families. however, now that an investment has been made we owe it to the american taxpayers to be clear about what will happen with their money. the resolution states that the federal government is only a temporary stakeholder in the american automotive industry and...
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Jun 9, 2009
06/09
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i did not buy a brand new cars and that is how i did it. my question is, what about putting a cap on how much these big ceo's can make? also, i'm looking for a politician who's willing -- you know what? people fought and died for this country. we do noneed a politician who is willing to sacrifice his drop- off. guest: she is right. we saw this from people on wall street who are not content making 40% rates on return. she is right. greed permeates almost every aspect of our life. i would say to karen, was not living with health insurance -- that's a dangerous position to be in because you never know what is going to happen tomorrow. you do not know what kind of illness can develop and you do not know what kind of accident can happen. as a nation, we have to move toward health care for all people. in terms of putting one's job on the line, i think there are people who are prepared to stand up to big money interest and take on the drug companies and insurance companies. host: we have a call and a twwet. this tweet from daniel. guest: this is a
i did not buy a brand new cars and that is how i did it. my question is, what about putting a cap on how much these big ceo's can make? also, i'm looking for a politician who's willing -- you know what? people fought and died for this country. we do noneed a politician who is willing to sacrifice his drop- off. guest: she is right. we saw this from people on wall street who are not content making 40% rates on return. she is right. greed permeates almost every aspect of our life. i would say to...
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Jun 24, 2009
06/09
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. >> espnews brought to you by: hey max, new car huh? max: yeah. the jetta tdi clean diesel.know... max: a tdi set a guinness world record of 58 miles per gallon. 58 miles per gallon!? max: but this baby hauls!! it's like (mimicking engine sounds) rrrgggnnnnn, rrrrnnnnghhhh, rrrrrghhhh... max: what's your hybrid sound like? (breathes like wind) whooooooh. max: that's cool. - why is it raining? - ( nextel chirps throughout ) - lose the rain. - roger that. no rain.no rainbows. ( chattering over nextel phones ) - could you tell us what's going on? - yeah, the cake is en route,
. >> espnews brought to you by: hey max, new car huh? max: yeah. the jetta tdi clean diesel.know... max: a tdi set a guinness world record of 58 miles per gallon. 58 miles per gallon!? max: but this baby hauls!! it's like (mimicking engine sounds) rrrgggnnnnn, rrrrnnnnghhhh, rrrrrghhhh... max: what's your hybrid sound like? (breathes like wind) whooooooh. max: that's cool. - why is it raining? - ( nextel chirps throughout ) - lose the rain. - roger that. no rain.no rainbows. ( chattering...
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Jun 30, 2009
06/09
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set a new policy aimed at increasing gas mileage and decreasing greenhouse gas pollution for all new cars and trucks sold in the united states. as a result, we will save 1.8 billion barrels of oil over the lifetime of the vehicles sold in the next five years, the projected equivalent of taking 58 mill cars off the road for an entire year. we know that even as we speak, solutions to our energy problems at home, the solution to global climate change requires american leadership abroad. that is why i have a.ed a global climate envoy to lead our engagement to the international communicates as we transition to a global economy. just last friday, the house of representatives came together to pass an extraordinary piece of legislation that will finally open the door to decreasing our dependence on foreign oil, preventing the worst cons ens conferences of climate change and making clean energy the profitable kind of energy. thanks to members of congress who are willing to place america's progress before the usual washington politics, this bill will create new businesses, new industries and millio
set a new policy aimed at increasing gas mileage and decreasing greenhouse gas pollution for all new cars and trucks sold in the united states. as a result, we will save 1.8 billion barrels of oil over the lifetime of the vehicles sold in the next five years, the projected equivalent of taking 58 mill cars off the road for an entire year. we know that even as we speak, solutions to our energy problems at home, the solution to global climate change requires american leadership abroad. that is...
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Jun 13, 2009
06/09
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now, there are many people that can't afford to buy a new car, but they can afford to buy a used car. our bill extended this concept to used car vehicles, used cars, as well. this bill clearly does not. senator collins and i have discussed this and we had thought we might do an amendment which would improvement the mileage of -- of the car to be purchased by simply one mile. just a simple amendment. it must be said, our bill as originally intended had 32 to -- 32% to 38% more savings in oil, gasoline and prevention of global warming gases entering the atmosphere. i cannot support a cash for clunkers that goes on the deficit, that i don't believe does anything really to improve mileage efficiency, and is simply another bailout. i know people feel differently about this. but if you would, i would like the opportunity for senator kohl livens to make, as my co-sponsor to make a couple of remarks. >> mr. chairman, thank you, mr. chairman. i want to echo the comments senator feinstein has made. we worked very hard in the senate to come up with a bipartisan bill that would have produced real
now, there are many people that can't afford to buy a new car, but they can afford to buy a used car. our bill extended this concept to used car vehicles, used cars, as well. this bill clearly does not. senator collins and i have discussed this and we had thought we might do an amendment which would improvement the mileage of -- of the car to be purchased by simply one mile. just a simple amendment. it must be said, our bill as originally intended had 32 to -- 32% to 38% more savings in oil,...
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Jun 21, 2009
06/09
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what this is all about, it's really intended to help detroit out of recession by subsidizing new car purchases. maybe that's why the president's c.e.o. alliance of the automobile manufacturers wrote asking all senators to support this program as well as the united autoworkers legislative director who called this provision -- quote -- "the single most important step congress can take right now to assist the auto industry." haven't congress done enough for the auto industry? when is $85 billion not enough? -- not enough for the auto industry? lastly, this provision is a lemon according to a june 13, 2000, article from the ""l.a. times" critic say that the improvements required in the trade as much as one mile per gallon for certain light trucks. you trade in your old light truck and buy another one that is one mile -- so you can swap one gas guzzlers for another. so, for $1 billion this provision does not achieve the environmental goals either. my colleagues argued such an opinion in "the wall street journal" on june 11. they also wrote that it was being pushed by the auto industry and
what this is all about, it's really intended to help detroit out of recession by subsidizing new car purchases. maybe that's why the president's c.e.o. alliance of the automobile manufacturers wrote asking all senators to support this program as well as the united autoworkers legislative director who called this provision -- quote -- "the single most important step congress can take right now to assist the auto industry." haven't congress done enough for the auto industry? when is $85...
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Jun 11, 2009
06/09
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administration axccelerator purchase of 13,000 fuel efficient vehicles, adding $280 million of demand in new cars. the department of labor announced a $50 million targeted green job training initiative targeted towards auto communities. in january, the department of labor also announced since january over $16 million in national emergency grants to support dislocated auto workers in various states. recently secretary duncan announced $million to establish innovative and sustainable community colleges prom prams for second careers. the grant program will be used to develop national models that can be replicated across the country. the small business administration has announced extensions to its lending program and recently announced development of a floor plan financing program for auto dealers, rv dealers and boat dealers. and epa has announced millions of dollars in grants to revitalize industrial and commercial sites. recently michigan was the largest recipient of those funds. one of the most pressing challenges is to ensure that auto communities have access to existing federal programs and ne
administration axccelerator purchase of 13,000 fuel efficient vehicles, adding $280 million of demand in new cars. the department of labor announced a $50 million targeted green job training initiative targeted towards auto communities. in january, the department of labor also announced since january over $16 million in national emergency grants to support dislocated auto workers in various states. recently secretary duncan announced $million to establish innovative and sustainable community...
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Jun 13, 2009
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cienega on nona of making progress is serious engagement by the number three is on the issue of the new car as ionization. >> in my opening comments i observed the multiplicity and motives with respect to a kim jong il choices here. i wonder if he might comment on your perceptions as a veteran. >> i have had my pain and learn not to project my views of why north korea does things very actively. i think sometimes it's very difficult for people on the outside including myself to understand the motivations. i would only say mr. chairman that i think the various motivation's you put forth all make sense to me. >> well, i appreciate that. senator wicker, did you vote? >> i haven't, i would want to squeeze a few chairman -- a few questions then. >> find out how much time there is on love boat. >> i will walk slowly. [laughter] we will try to figure that out. in i have certainly gone over my time so i am happy to do that. we only have two minutes 40 on the vote and i am happy as you know there is always a little -- >> i will risk if you don't mind mr. chairman. >> i'm delighted so if you would to
cienega on nona of making progress is serious engagement by the number three is on the issue of the new car as ionization. >> in my opening comments i observed the multiplicity and motives with respect to a kim jong il choices here. i wonder if he might comment on your perceptions as a veteran. >> i have had my pain and learn not to project my views of why north korea does things very actively. i think sometimes it's very difficult for people on the outside including myself to...
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Jun 11, 2009
06/09
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news when g.m. announced that rather than start more small-car production in china and mexico, which they have done in the past, that they would open a new small-car manufacturing plant somewhere in one of these auto states. this crisis, though, as congress works -- this crisis has hit home in my state, especially in mansfield where g.m. has one of its best stamping plants. workers at this happen plant were asked to make concessions over the past two years, and they did. they were asked to produce in an exceptionally efficient manner, and they now rank at or near the top across a range of peformance standards. mansfield -- the mansfield g.m. fisher body stamping plant played by the rules, did all that was expected of them, and they made it to the top, literally to the top of g.m.'s stamping plants. yet, g.m. has decided to close this facility. g.m.'s facility not to include the mansfield stamping plant in the new g.m., this new coming out of bankruptcy company, one they say is focused on building fuel-efficient cars for the 21st century, that decision is troubling. it's more than troubling to employ
news when g.m. announced that rather than start more small-car production in china and mexico, which they have done in the past, that they would open a new small-car manufacturing plant somewhere in one of these auto states. this crisis, though, as congress works -- this crisis has hit home in my state, especially in mansfield where g.m. has one of its best stamping plants. workers at this happen plant were asked to make concessions over the past two years, and they did. they were asked to...
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Jun 8, 2009
06/09
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i don't understand why there is such a difficult seem to have new cars get good mileage like i get with an 1988. i would also like to ask very quickly, if there is a tie-in between the oil industry and automobile manufacturers, because i am very suspicious that mileage is tied into the oil companies. i appreciate your reply. thank you. guest: let me answer that second one first. absolutely night. no connection between the oil industry and the manufacturers. kind of one of the urban myths that has been out there for a long time. fuel and the technology of the vehicles are a system, so fuel is a component, but there is no concept -- control, and vice versa. as far as technology, fiesta was a small car, very fuel- efficient. ford is actually introducing a new european version that i think is going to be very popular in the u.s. so again, fuel economy is important, and that is why we supported the increase and standards, both 2007 in congress and out of the administration, an average of 35.5 miles a gallon, which means passenger car standards will be even higher. there is technology availab
i don't understand why there is such a difficult seem to have new cars get good mileage like i get with an 1988. i would also like to ask very quickly, if there is a tie-in between the oil industry and automobile manufacturers, because i am very suspicious that mileage is tied into the oil companies. i appreciate your reply. thank you. guest: let me answer that second one first. absolutely night. no connection between the oil industry and the manufacturers. kind of one of the urban myths that...
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Jun 28, 2009
06/09
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hey max, new car huh? max: yeah. the jetta tdi clean diesel. i got a hybrid, so you know...: a tdi set a guinness world record of 58 miles per gallon. 58 miles per gallon!? max: but this baby hauls!! it's like (mimicking engine sounds) rrrgggnnnnn, rrrrnnnnghhhh, rrrrrghhhh... max: what's your hybrid sound like? (breathes like wind) whooooooh. max: that's cool. >> back here on "espnews," mike yam and will selva with you. momentarily we will get you ought to california and manny ramirez will take his third at-bat of the evening. this is what is going on right now. the rockies and a's, an 11-2 score. and barmes, a solo shot in this one and the mariners and dodgers. and ken griffey, jr. a two-run home run and the 620th of his career. the third home run in the last five games. in case you are keeping tabs willie mays fourth all time and he is just 40 home runs back. >> the live coverage here on "espnews" of every single one of manny ramirez's minor league at-bats. his very first at-bat, manny, of course, batting lead-off. hit a home run against nick schmidt, the first-round draf
hey max, new car huh? max: yeah. the jetta tdi clean diesel. i got a hybrid, so you know...: a tdi set a guinness world record of 58 miles per gallon. 58 miles per gallon!? max: but this baby hauls!! it's like (mimicking engine sounds) rrrgggnnnnn, rrrrnnnnghhhh, rrrrrghhhh... max: what's your hybrid sound like? (breathes like wind) whooooooh. max: that's cool. >> back here on "espnews," mike yam and will selva with you. momentarily we will get you ought to california and manny...
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Jun 7, 2009
06/09
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if -- say we stock about 65 new cars. the dealer next to me is 30 miles away, he's completely full. he's already stocking everything he can stock. he's up on his floor plan, he's full. by eliminating me, that other dealer is not going to order one extra vehicle. he doesn't frankly care good i'm there or not. he's already doing all he can do. they just lost my 65 cars in production. 800 dealers, how much production are they losing? >> mr. lopez? >> well, i wanted to respond to what he said about the -- as far as the cars that they made us take. they are sitting there -- he says 97% that is taken care of. no one has called me. i haven't heard a thing. at that time, i had 41 cars. now i'm down to 24. and i'm selling them and i'm not going to take a loss, i can't afford to. i'm a small dealer. i'm selling them at net and i will do that, no one called me and said can we help you, can we send them to another dealership? we did it on our own. >> we have seen nothing. >> and also, i wanted to tell you, when you talked about the representative, there is no representative from chrysler or gm.
if -- say we stock about 65 new cars. the dealer next to me is 30 miles away, he's completely full. he's already stocking everything he can stock. he's up on his floor plan, he's full. by eliminating me, that other dealer is not going to order one extra vehicle. he doesn't frankly care good i'm there or not. he's already doing all he can do. they just lost my 65 cars in production. 800 dealers, how much production are they losing? >> mr. lopez? >> well, i wanted to respond to what...
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Jun 11, 2009
06/09
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service administration, accelerated purchase of 17,000 efficient vehicles, $280 million in the man for new cars $50 million, targeted green job-training initiatives targeted for the auto communities. in january the department of labour announced, since january, $16 million in emergency grants to support the autoworkers. secretary duncan announced $7 million in competitive grants, to prepare autoworkers' for second careers. he can replicate across the country. small business administration announced extensions to its lending program and announced development of financing program for auto dealers. epa has announced millions of dollars to revitalize industrial and commercial sites in other communities. michigan was the largest recipient of those funds. one of the most pressing challenges has it been to ensure auto communities have access to existing federal programs and new funding. we have taken steps to ensure auto communities have an equal chance to access federal funds. examples included a promise of energy for county and local municipalities to train leaders and energy efficiency conservation
service administration, accelerated purchase of 17,000 efficient vehicles, $280 million in the man for new cars $50 million, targeted green job-training initiatives targeted for the auto communities. in january the department of labour announced, since january, $16 million in emergency grants to support the autoworkers. secretary duncan announced $7 million in competitive grants, to prepare autoworkers' for second careers. he can replicate across the country. small business administration...
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Jun 10, 2009
06/09
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my ex-husband would pay for it and i couldn't afford it but i pay my bills and didn't buy brand-new cars and that's how i did it to read it so it is doable for the individual. my question is one about putting a cap on how much these big ceos can make and different things and also as far as i am looking for a politician who is, people fought and died for this country and we don't have a politician who is willing to sacrifice his job. >> guest: let me start of the first point that karen made it -- she is right. we're in a moment of history and we saw this on the people on wall street who are not content with making 30 or 40% rates of return, how to make more in a hedge fund managers making a billion dollars in personal gains and it need to make more. i think agreed remains almost every aspect of life. but i was a two care and who is my understanding with no health insurance because she doesn't have a lot of money, that is a dangerous position to be in because you never know what's going to happen tomorrow. you don't know what kind of illness can develop an accident your kid could have. so
my ex-husband would pay for it and i couldn't afford it but i pay my bills and didn't buy brand-new cars and that's how i did it to read it so it is doable for the individual. my question is one about putting a cap on how much these big ceos can make and different things and also as far as i am looking for a politician who is, people fought and died for this country and we don't have a politician who is willing to sacrifice his job. >> guest: let me start of the first point that karen...
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Jun 5, 2009
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on the lot, it's important that we move cars out and get them on a lot and so now the discoverer new carsnd now being told i am not to exist anymore. what about customers in rural states? in my state customer that has bought a pickup truck for example or a car and did so because their brand loyal, their parents did it for years and they bought it from a small dealer that has been around for seven years selling the same car and a bout with a warranty and other question is who's going to service the warranty with respect to the close of two dealerships in north dakota it appears to me those folks will get in a pickup trucks and drive it is 3-mile round trip from a three hour round-trip. i think those questions need to be asked of you, did you consider all that, and finally is there a process for a dealer having heard from on high and 30,000 feet that you are in dealer as you described the process for a dealer on the ground to say, you know what, you made a mistake and now on to read that case you, is there a process to make that because you perhaps have made some mistakes and i think it is
on the lot, it's important that we move cars out and get them on a lot and so now the discoverer new carsnd now being told i am not to exist anymore. what about customers in rural states? in my state customer that has bought a pickup truck for example or a car and did so because their brand loyal, their parents did it for years and they bought it from a small dealer that has been around for seven years selling the same car and a bout with a warranty and other question is who's going to service...
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Jun 25, 2009
06/09
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hey max, new car huh? max: yeah. the jetta tdi clean diesel. i got a hybrid, so you know...world record of 58 miles per gallon. 58 miles per gallon!? max: but this baby hauls!! it's like
hey max, new car huh? max: yeah. the jetta tdi clean diesel. i got a hybrid, so you know...world record of 58 miles per gallon. 58 miles per gallon!? max: but this baby hauls!! it's like
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Jun 12, 2009
06/09
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this dealer is profitable but also sells in europe, pontiac, isuzu, and of his new car sales abroad represents 3 percent of his sales for his dealership last year. that is a good example of the situation that we face. so while some of the 789 dealers may be profitable, chances are they are making money selling used cars, competitive vehicles and by our assessment their drag on the network in total. the last page of my presentation is in here but i will paraphrase quickly and that is that this is a very painful process, going through bankruptcy was not our choice. the company is no longer a functioning organization. we've had to make some very difficult decisions in business that would assure by making these tough calls for 789 dealers we've got 2391 dealer is not represented here, in small towns with little leagues and a lot of employees to jobs and business save as long with the full enterprise of our company, the suppliers and the rest of the nation. this was a very difficult decision that we have made, it is one that we want to share with you in terms of transparency. we have taken every st
this dealer is profitable but also sells in europe, pontiac, isuzu, and of his new car sales abroad represents 3 percent of his sales for his dealership last year. that is a good example of the situation that we face. so while some of the 789 dealers may be profitable, chances are they are making money selling used cars, competitive vehicles and by our assessment their drag on the network in total. the last page of my presentation is in here but i will paraphrase quickly and that is that this...
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Jun 26, 2009
06/09
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i would ask unanimous consent, yesterday, energy secretary chu said all new cars should have flex fuel capacity in this country. without objection, i'd like to enter into into the -- from "the "des moines register"." the speaker pro tempore: without objection. mr. engel: flex fuel vehicles would only cost $90 or $100 per car and would be very important in moving us in that direction. could i have an additional minute? mr. waxman: i yield the gentleman for another minute. the speaker pro tempore: the gentleman is recognized for a minute. mr. engel: g.m. and ford each committed to making 50% of their cars flex fuel vehicles by 2012. they're reneging now and i believe we should have strong language to move them back to their original position. i really believe that flex fuel cars are really the way to go. but we have a bill before us and the bill is much, much more positive than anything else. it's a big step in the right direction and i think that our colleagues who are on the fence, as i pointed out, the bill doesn't give everything to everybody and doesn't do nearly what i would like t
i would ask unanimous consent, yesterday, energy secretary chu said all new cars should have flex fuel capacity in this country. without objection, i'd like to enter into into the -- from "the "des moines register"." the speaker pro tempore: without objection. mr. engel: flex fuel vehicles would only cost $90 or $100 per car and would be very important in moving us in that direction. could i have an additional minute? mr. waxman: i yield the gentleman for another minute. the...
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Jun 10, 2009
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there right now who's too interested in buying an old, used dealership building because there's not new car dealers going up out there. mr. akin: once again we have another projection of this example of washington thinking they know how to do everything, deciding who's going to be the president of general motors, who's going to -- dump all of this money that belongs to our constituents, we're going to dump this money into various companies and then we're going to try to manage -- we can't manage d.c., what makes us think we can manage car companies? what an example of -- and i think there's some other examples of what's going on with some of this understand spending and i see that we're also -- some of this spending and i see that we're also joined by congresswoman lummis from wyoming so we have the west pretty much coveraged -- covered. we have iowa covered. we'll have georgia in a minute. please join us. mrs. lummis: in wyoming, and i thank the gentleman from missouri for pulling us together this evening for this discussion, in wyoming our economy is very much based in the energy industry
there right now who's too interested in buying an old, used dealership building because there's not new car dealers going up out there. mr. akin: once again we have another projection of this example of washington thinking they know how to do everything, deciding who's going to be the president of general motors, who's going to -- dump all of this money that belongs to our constituents, we're going to dump this money into various companies and then we're going to try to manage -- we can't...
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Jun 11, 2009
06/09
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you can go online and you can find out if you're shopping for a new car everything about that car. you want to shop for clothes you can go all over the place, check on all the quality reports, consumer reports, if you want to look up the records on a hospital, am i more likely to get sicker or better when i'm there, you can't find out that information. for a number of years i put forth a bill to provide transparency in this area where could you look up the infection rate of hospitals. this is critically important because infections you pick up in a hospital clinic kill 100,000 people each year, cost $50 billion and affect two million cases. one of our colleagues in congress is suffering from a staff infection and there's many of our colleagues who have had a family member who has faced this same problem. it will be nice to know and the advantage of having that information out there is that you can look it up and you can find out and hospitals that have paid attention to this have actually reduced some of their infection rates to near zero. that's what we want to see. but it's going
you can go online and you can find out if you're shopping for a new car everything about that car. you want to shop for clothes you can go all over the place, check on all the quality reports, consumer reports, if you want to look up the records on a hospital, am i more likely to get sicker or better when i'm there, you can't find out that information. for a number of years i put forth a bill to provide transparency in this area where could you look up the infection rate of hospitals. this is...