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 After months of legislative efforts, the Cash for Clunkers bill, later renamed the CARS bill (Car Allowance Rebate System), was signed by President Obama on June 24th, and is now official.  At this point the National Highway Traffic Safety Administration (NHTSA) has 30 days to register participating dealers and put the program fully into place.   Best estimates are that the Car Allowance Rebate System program will be in operation by late July...

From Bloomberg.com By Ben Livesey June 25 (Bloomberg) -- General Motors Corp. has asked investors to make improved offers for its European division, to rival the bid from Magna International Inc., the Financial Times reported, citing people familiar with the matter. Beijing Automotive Industry Holding Co...

 Which is it?  The Cash for Clunkers bill appears to be taking on a new name, as the official government site for the program now shows the current name of the program as the Car Allowance Rebate System (CARS).  Even better - the bill can now be downloaded online, and within the bill, the program is titled the Consumer Assistance to Recycle and Save Program (CARS)...

No, it's not John Wilkes Booth, it's Rudolph Diesel and Audi is planning to offer two diesel models in the U.S. by the end of the year as a better way to cut oil use than hybrids and electric cars. “We’re not saying these technologies are nonsense,” Johan de Nysschen, president of Audi of America Inc., said yesterday in a telephone interview...

AR Index     505.69  -32.17  (-5.98%) Stocks of individual interest Toyota  74.67  -2.00 GM        1.20    -0.06 Ford      5.39    -0.55 Dow 8339.01  -273.12   (-3.17%) My focus today (pardon the pun) is on how Ford has gotten itself back into the game over the last couple of months, at least as far as its part in contributing to the AR Index. Just before the end of March it appeared that both GM and Ford were on the rebound a bit, but then came the government fingers in the pie forcing out Rick Wagoner at GM, followed by the bankruptcy all that money we threw down a black hole was supposed to stave off, and you can see the result. If GM continues to run in a flat line, I may have to consider another stock to replace it as a gauge of the health of the auto industry...

The shifting landscape of the North American auto market has shuffled market share and Toyota, who has held the top spot in light vehicles sold globally since last year, is about to move into that spot in the U.S. market. Its share of the North American light-truck and car market probably will rise to around 20% from 18.4%...

I've run into at least a handful of people who were under the same impression that last Sunday was Father's Day this week, so I don't feel too bad jumping the gun. Besides, it gave me a whole week to say, "Hey it's Father's Week!" if anyone asked me why I was lounging around. I have to go through the slide collection to find one of my favorite photos of my Dad, sitting on a sheet in the middle of a field, parts all around him, taking apart the engine of the car he borrowed for his honeymoon, but these two will do...

Dear Dub, It's no wonder the auto industry is in the shape it is because almost all the cars they build are junk! I had a Civic, then a PT Cruiser, and now a MINI and the transmission failed on all of them. In fact, the MINI is going to need a second tranny replacement before 40,000 miles...

 Cincinnati Chevy shoppers - are you ready?  Jeff Wyler Eastgate Chevrolet is proud to be your Cincinnati Ohio participating Cash for Clunkers dealer!  There are LOTS of questions surrounding this bill, and we have been working aggressively to monitor this bill, as well as to be better prepared to help you take advantage of this program to buy your new Chevrolet in Cincinnati at a discounted price...

Remember all the dire predictions about people not buying cars from a bankrupt company being a reason we had to throw money at GM? It didn't matter that people kept flying on bankrupt airlines, or any other example that could be shown, we had to throw that money away. Well we wound up at bankruptcy for GM anyway...