The annual "Car Wars" report by Merrill Lynch analyst John Murphy predicts that, despite their seizing of U.S. market share over the last few tumultuous years, Korean brands Hyundai and Kia will give it all back and then some to companies like Ford, General Motors and Toyota by 2016.
Groan. Remember the $350,000 Rolls-Royce Phantom parked in front of a Walmart? Apparently it's not an isolated case. That's right, according to a new survey by TeleNav, most Americans use their navigation systems to find the Arkansas-based mega-store full of cheap stuff that Sam built. The great burning irony, of course, is that most cars with navigation systems are "luxury" products. Though of course that's changing, as navigation systems are making their way into lower strata vehicles and port
Saab floats along in limbo as General Motors figures out what to do with its Swedish plum, meaning that dealers are stuck with moribund product to try and unload. It's as nasty as it sounds for the automaker, but for buyers, it means deals on Saabs like never before.
If you happen to work for either Google or Bank of America, and you were thinking of buying a hybrid vehicle, you're in luck. Both companies are offering cash back to their employees if they buy a hybrid car. As we noted, on February 2nd, Bank of America announced that their employees would be eligible for $3,000 back for buying green. Since starting a pilot program in the Boston area last year, the bank has seen hybrid purchases by their employees quadruple. The rebate is in addition to any tax
Google, Timberland and Bank of America are just a few of the companies out there rewarding their employees for going green. The companies offer cash back to employees who buy hybrid vehicles, though certain conditions apply.
We've heard the saying that it takes money to make money. But putting down some greens to go green? That's what Bank of America is doing, though, when it announced financial incentives (read "cash") to employees purchasing hybrid vehicles. Eligible employees include those who live within 90 miles of Charlotte, Boston, and the Los Angeles metropolitan areas. The $3000 incentive can be combined with any government rebate.