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WASHINGTON – The presidential administration's auto task force backed a new deal May 28, which lenders have until 5 p.m. May 30 to accept, according to CNNMoney.com.
Read More →TORRANCE – A survey of U.S. commercial fleet managers indicates they are taking a "wait and see" approach to the Obama Administration's recently announced "finite path forward" for troubled automakers General Motors and Chrysler.
Read More →WASHINGTON – Among the vehicles reportedly owned by members of the Presidential Task Force on the Auto Industry, brands include Lexus, Audi, Mercedes-Benz, Acura, Mazda, Honda, Volvo, Saab, and Toyota.
Read More →On Feb. 17, President Obama signed into law the American Recovery and Reinvestment Act. The $789 billion economic stimulus legislation is comprised of $507 billion in spending programs and $282 billion in tax relief. The legislation includes significant new funding for fleets, such as $300 million for diesel emission retrofit grants; $300 million to establish a grant program through the DOE's Clean Cities Program; and $300 million for acquisition of energy-efficient vehicles by the federal fleet
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