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Scrappage: US to get Cash for Clunkers

The US is to get their own Scrappage Scheme - Cash for Clunkers So even though our Scrappage Scheme is pretty flawed, it may well be having an impact – at least until the relatively modest amount set-aside for the scheme by the Government is exhausted. And now it’s the turn of the US to launch a Scrappage Schem – Cash for Clunkers. Cash for Clunkers legislation was passed yesterday in the US to try and kick-start US car sales, and give a boost to beleaguered car makers like GM and Chrysler.

Infiniti plans to add new flagship sedan, expand crossovers

Nissan Motor Co.'s premium Infiniti marque plans to add a new top-tier halo nameplate above its Q70 flagship sedan and expand its crossover offerings to build the brand and fuel sales, President Johan de Nysschen said. The roll out is part of Infiniti's drive to cover 90 percent of all global premium segments by the end of the decade, compared to just under 60 percent today, de Nysschen said. De Nysschen also floated a bold new global sales target of 600,000 units by around 2020, from just 170,000 last year.

GM 'will lose money' on the new Chevrolet Volt

By Ben Whitworth Motor Industry 18 September 2008 14:39 Despite hanging its future on the make-or-break Chevrolet Volt plug-in hybrid car, GM has confirmed that it doesn’t expect to make a profit from it – at least not on the first-generation model. The Chevy Volt was unveiled this week amid much hoopla at GM's centenary. 'I don’t know that I’ve ever seen a situation where we make money, particularly when you load all the costs in,' Fritz Henderson, GM’s chief operating officer, told Automotive News Europe, referring to the company’s first-generation technologies.