Cash for Clunkers is huge success

The Republicans were wrong again. More than 100 knee-jerk obstructionist Republicans-- kooks and extremists like Michele Bachmann (MN), Mean Jean Schmidt (OH), Patrick McHenry (NC), Virginia Foxx (NC) and John Shadegg (AZ) stuck with the lockstep anti-progress leadership of John Boehner (OH), Eric Cantor (VA), Mike Pence (IN) and Paul Ryan (WI) to vote against the Cash for Clunkers bill in the House.

However, 59 Republicans of all stripes abandoned their party's leadership to vote with the Democrats-- from right-wing extremists like Steve King (IA), David Dreier (CA), Phil Gingrey (GA) and Gary Miller (CA) to mainstream conservatives like Frank LoBiondo (NJ), Mike Castle (DE) and Chris Smith (NJ). Good for them

Cash for Clunkers will be suspended tonight as funds run out. The federal cash for clunkers program is close to running out of the $1 billion allocated by Congress. The U.S. Department of Transportation has told Senators that the program will be temporarily suspended at midnight tonight.

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The program, officially called the Car Allowance Rebate System or CARS, went live less than a week ago, on July 24.

Some dealers said they will stop accepting cars for trade-in under the program until they are sure funds are available. The autodealers are hoping the government will provide more federal funds for the program.

In a statement, the National Automobile Dealers Association, said, "We do not have confirmation yet of DOT suspending the clunkers program, but if the program is indeed suspended, NADA will continue to work with the Department of Transportation to emphasize the importance that every dealer is reimbursed for a valid deal.

We will also work with the Obama Administration and members of Congress to meet the demonstrated consumer interest in the cash-for-clunkers program."

source: http://www.sfgate.com/cgi-bin/blogs/pender/detail?entry_id=44613&tsp=1

Read more: http://www.sfgate.com/cgi-bin/blogs/pender/detail?entry_id=44613&tsp=1#ixzz0Mn8hveRi

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Cash for Clunkers Gotchas

CBS has a new web site called MoneyWatch.com. It provided this story:

Here are five catches for Cash for Clunkers you may not have heard about:

• Your clunker must be road-ready with at least a year’s insurance history in your name.
• It must be less than 25 years old.
• The vehicle you buy must be new, not used.
• If you want to lease the new car, the contract must be for at least five years.
• The manufacturer’s suggested retail price (MSRP) of the vehicle you buy can’t exceed $45,000.

source: http://moneywatch.bnet.com/saving-money/article/cash-for-clunkers-5-secrets-and-3-smart-tips/322848/

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GM plans to auction new cars on eBay

www.chinaview.cn 2009-07-13 09:24:3 BEIJING, July 13 (Xinhuanet) -- General Motors Corp.(GM) plans to experiment with auctioning new cars on eBay, according to media reports Sunday. GM is working on an "innovative new partnership" with eBay Inc. to let consumers in California bid on vehicles as they would in a normal eBay auction, or choose a "Buy it Now" option to purchase the car at a set price, said GM CEO Fritz Henderson. A deal between eBay and GM hasn't been completed yet, and both sides say they have been in discussions. In a statement, eBay Motors vice president Rob Chesney said "at this time, no plans have been finalized with General Motors." GM spokesman John McDonald said the company sees the sales of new cars on eBay as an experiment that builds upon the existing partnership in used vehicles. Certified used vehicles from GM, along with other carmakers, are currently offered for sale on eBay Motors, eBay's online auto marketplace. EBay Motors allows users to buy and sell new and used cars either locally or nationally. The site also offers motorcycles, boats and auto parts and accessories. McDonald also said that some GM dealers already independently list vehicles on eBay, and said this experiment could be a way to bring other GM dealers on board. The announcement comes as GM completed an unusually quick exit from bankruptcy protection on Friday with ambitions of making money and building cars people are eager to buy. Once the world's largest and most powerful automaker, new GM is now leaner, cleansed of massive debt and burdensome contracts that would have sunk it without federal loans. It remains to be seen how any such deal will ultimately play out for the ailing automaker and the online marketplace operator. (Agencies)

Editor: Sun

source: http://news.xinhuanet.com/english/2009-07/13/content_11699813.htm

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The fastest Car in the World: The SSC Ultimate Aero

After seven years of painstaking development, Shelby Super Cars (SSC) is proud to introduce the Ultimate Aero -- A car without equal. It is the fastest production car on earth!

The SSC Ultimate Aero sets the benchmark for supercars today. Achieving tremendous power via its twin turbo V-8 engine, it produces 1,183 horsepower and 1094 ft.-lbs. of torque making the Ultimate Aero the world’s most powerful production car.

Combining this proprietary power plant with a lightweight, aerodynamic body and the best handling systems available SSC delivers a vehicle that not only eclipses all other cars but
stands  as the "World’s Fastest Production Car".

Simply put, there is no other production car that can match the performance of the Ultimate Aero. For Amero-philes this is a car that is is made 100 per cent in the US.

Ultimate Aero Specifications

Engine

Type: SSC Designed Billet Aluminum V8
Block

Displacement: 387.2 cu.in.

Bore x Stroke: 4.125 x 3.620"

Compression Ratio: 8.975:1

Horsepower: 1287 bhp @ 6075 rpm

Torque: 1112 ft-lbs @ 6150 rpm

Redline: 7200 rpm

Fuel Injection: Electronic Sequential
Port

Weight: 422 lbs.

Oil: SAE 5W/30 Fully Synthetic Racing

Induction System: Sequential,
multi-port fuel injection, Twin Turbo Chargers. Dual-Water to Air
Intercoolers.

Fuel: Premium Unleaded - 91 Pump
Octane

SSC Ultimate Aero Engine

Warranty

Basic Warranty: 1 Year / Unlimited
Miles

Powertrain: 1 Year / Unlimited Miles

Rust-Through: N/A

Chassis & Body

Layout: Mid-Engine/Rear Drive

Body/Frame: Carbon
Fiber/Composite/Steel

Space Frame

http://www.shelbysupercars.com/

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