Autoblog http://www.autoblog.com Autoblog http://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gif Autoblog http://www.autoblog.com en-us Copyright 2009 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Senator calls for tax incentives on all new-car sales]]>http://www.autoblog.com/2008/11/12/senator-calls-for-tax-incentives-on-all-new-car-sales/http://www.autoblog.com/2008/11/12/senator-calls-for-tax-incentives-on-all-new-car-sales/http://www.autoblog.com/2008/11/12/senator-calls-for-tax-incentives-on-all-new-car-sales/#commentsFiled under: , ,

When automakers are throwing thousands of dollars of incentives on the hoods of their wares in an effort to stimulate sales, what good would another $1,500 on a $25,000 car do? As the recent sales numbers show, buyers aren't being taken in by the constant sounding of the "SELL SELL SELL!" klaxon. Great deals on new cars are out there to be had, if only anyone had some money.

Senator Barbara Mikulski of Maryland thinks that the economic panic can be partially abated by allowing buyers of new vehicles to deduct auto loan interest, fees, and sales tax related to the purchase of a new car from their income tax. The proposed initiative would run from now through the end of 2009, and is only for families earning less than $250,000, or individuals making $125,000. Hey, nobody is really going to complain about getting a tax break, but it seems that buyers have already shown that they're wary, even with fantastic deals to be had.

[Source: Kicking Tires]

Senator calls for tax incentives on all new-car sales originally appeared on Autoblog on Wed, 12 Nov 2008 18:32:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>barbara mikulskiBarbaraMikulskicar taxCarTaxmikulskinew car tax breakNewCarTaxBreaktax breaktax breakstax credittax creditstax incentivetax incentivestax rebateTaxBreakTaxBreaksTaxCreditTaxCreditsTaxIncentiveTaxIncentivesTaxRebateWed, 12 Nov 2008 18:32:00 EST<![CDATA[City of Flint gives GM tax breaks for Cruze and Volt factory]]>http://www.autoblog.com/2008/08/28/city-of-flint-gives-gm-tax-breaks-for-cruze-and-volt-factory/http://www.autoblog.com/2008/08/28/city-of-flint-gives-gm-tax-breaks-for-cruze-and-volt-factory/http://www.autoblog.com/2008/08/28/city-of-flint-gives-gm-tax-breaks-for-cruze-and-volt-factory/#commentsFiled under: , , , ,

Giveth, and taketh away, isn't that always the story? On the taketh away side, GM has recently lost a serious chunk of change. On the giveth side, The General received a $56 milion package of tax credits and grants to keep an SUV factory open in Ohio. It has also just received another package of tax credits from the city of Flint, Michigan to aid its investment in a factory that will build engines for the new Volt and Chevy Cruze. Approved over some constituent disapproval by the Flint City Council, getting GM to build the factory there will keep 300 jobs in the city. GM is now looking to the state of Michigan for more tax incentives.

[Source: Detroit News via Green Car Congress]

City of Flint gives GM tax breaks for Cruze and Volt factory originally appeared on Autoblog on Thu, 28 Aug 2008 18:32:00 EST. Please see our terms for use of feeds.

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We knew last month that the Jetta TDI was qualified for the tax credit. Now, word is out that all of the new-generation clean diesels for Volkswagen (TDI) and Mercedes-Benz (Bluetec) will be joining the elite handful of vehicles that qualify for a federal alternative-powertrain tax credit. Formerly reserved for just hybrid vehicles, the diesels have been designated as advanced lean-burn-technology vehicles that meet the Alternative Motor Vehicle Credit standards of the IRS. The credits vary based on the vehicle. In the case of Mercedes, the ML320 qualifies for $900 while the GL320 is good for $1,800. If diesel still isn't your thing, the IRS has also qualified several Ford hybrids as eligible too. Of those, the highest credit (a sweet $3,000) goes to those consumers who take home an Escape or Mariner two-wheel drive hybrid crossover.

[Source: Automotive News, subs. req'd]

All VW and Mercedes diesels eligible for tax credit originally appeared on Autoblog on Mon, 11 Aug 2008 16:32:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>BluetecCreditEfficientGreenHybridIRAIRSmercedesmercedes benzmercedes-benzMercedesBenzRefundTaxTax BreakTaxBreakTDIVolkswagenMon, 11 Aug 2008 16:32:00 EST<![CDATA[McCain backs $5000 tax break for Volt, others]]>http://www.autoblog.com/2008/07/18/mccain-backs-5000-tax-break-for-volt-others/http://www.autoblog.com/2008/07/18/mccain-backs-5000-tax-break-for-volt-others/http://www.autoblog.com/2008/07/18/mccain-backs-5000-tax-break-for-volt-others/#commentsFiled under: , , ,



Presumptive Republican nominee for President, John McCain has wrapped up his tour and speaking engagement at General Motors, where the Arizona Senator discussed the U.S.'s current fuel situation and the proliferation of electric cars. Addressing the General's assembled workers, McCain said, "I would support tax credits for Americans who choose to buy the Volt and other automobiles that put us on track to energy independence." McCain later specified that the credit should be $5,000 as "an integral part of our ability to eliminate our dependence on foreign oil."

McCain has already issued his support for federal funding of research and development of battery-powered cars and made it clear that individual states should have the ability to set their own fuel economy standards.

[Source: Reuters Image: Bill Pugliano/Getty]

McCain backs $5000 tax break for Volt, others originally appeared on Autoblog on Fri, 18 Jul 2008 15:02:00 EST. Please see our terms for use of feeds.

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Click on the above image for a high-res gallery of the Volt Concept

With both hands extended, General Motors has asked Detroit City Council members for tax breaks to ensure the highly-anticipated hybrid electric-powered Chevrolet Volt will be built in their city. This news comes on the heels of GM asking Congress for a tax break to ensure the price remains near $30,000 when it arrives in showrooms in 2010. Enough already. Stuck in the turmoil of a $38 billion loss last year, pending job cuts, UAW strikes, and in the midst of an economy favoring fuel-efficient vehicles (as pickups and SUVs roll down the assembly line), GM is scrambling to survive. Whether it arrives as a hybrid, or in all-electric versions, the Chevrolet Volt can't come to market soon enough... regardless of who GM panhandles.

Gallery: Chevy Volt Concept

[Source: The Detroit News]

GM wants tax incentives to build Volt in Detroit originally appeared on Autoblog on Tue, 03 Jun 2008 17:31:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>chevrolet voltchevrolet volt para ...chevrolet voltsChevroletVoltChevroletVoltPara...ChevroletVoltsDetroit City CouncilDetroitCityCouncilGeneral MotorsGeneralMotorsTax breakTax BreaksTaxBreakTaxBreaksTue, 03 Jun 2008 17:31:00 EST<![CDATA[Toyota asks Thai government for large hybrid tax breaks]]>http://www.autoblog.com/2006/05/02/toyota-asks-thai-government-for-large-hybrid-tax-breaks/http://www.autoblog.com/2006/05/02/toyota-asks-thai-government-for-large-hybrid-tax-breaks/http://www.autoblog.com/2006/05/02/toyota-asks-thai-government-for-large-hybrid-tax-breaks/#commentsFiled under: , , ,

Toyota's Thailand arm is lobbying the government for hybrid tax incentives. The nation's biggest automaker is hoping authorities will incentivize its Dual Synergy Drive hybrids with engines larger than 3.0-liters.

For its part, the Thai government already allots a 10-percent excise tax on sub 3.0-liter hybrids, but the cars remain unpopular, in part due to huge import tariffs (reportedly in excess of 80 percent!). However, the country has recently signed a number of free trade agreements that will go a long way towards leveling the playing field as early as next year.

That said, Toyota's request appears unlikely to be granted, as it is reportedly against government policy to encourage the use of larger vehicles that demand more resources.

[Sources: ThaiDay; Lexus]

Toyota asks Thai government for large hybrid tax breaks originally appeared on Autoblog on Tue, 02 May 2006 17:32:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Hybrid Synergy DriveHybridSynergyDriveLexustax breaktax breakstax incentiveTaxBreakTaxBreaksTaxIncentiveThai governmentThaiGovernmentThailandToyotaTue, 02 May 2006 17:32:00 EST