Clunkers Lifts Ford Sales While Chrysler Sees Decline
The Cash for Clunkers program boosted Ford Motor Co August sales by 17.2 percent to 181,826 cars and light trucks, while Chrysler Group LLC posts a 15 percent drop to 93,222 units due to tight supply of fuel efficient models. The program ended August 24 and spurred 690,114 new vehicle sales nationwide at a taxpayer cost of 2.88 billion.
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Cash for Clunkers debated on emissions and economy
Experts differ on whether new purchases funded by the Cash for Clunkers rebate cut carbon emissions. Trade in average 15.8 mpg to 25.4 mpg for new cars. annual gasoline use and CO two rise. Chrysler boosts output by 50 000 vehicles to cover demand after rebates end.
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Avenger
Chrysler
U.S. manufacturing shows first August growth in 19 months
ISM data indicate August manufacturing output expanding for the first time since January 2008, with new orders at their strongest since December 2004. A separate July housing gauge rose to its highest in over two years, fueling hopes of a broader rebound amid weak consumer spending and job losses.
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