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- EU Car Sales Weak in April. Off -7% YTD
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- First Drive – 2014 Lexus IS Sedan
- 2015 Acura NSX Assembly Slated For Marysville Ohio
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- Korean Trade Deficit Soars under Obama Administration Deal
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Tag Archives: budget deficit.
NHTSA Says Chinese Counterfeit Air Bags are a Safety Problem
The U.S. Department of Transportation’s National Highway Traffic Safety Administration – NHTSA – has published a consumer safety advisory to warn vehicle owners and repair shops about the dangers of counterfeit Chinese air bags. NHTSA said it has become “aware” of a problem involving the sale of counterfeit air bags for use as replacement parts in vehicles that have been involved in a crash. Continue reading
DOE Gives EV Supplier UQM More Time on ARRAS Grant
The politically contentious American Recovery and Reinvestment Act contained billions upon billions in taxpayer funding to businesses though a number of Recovery Act and related programs, including loans, loan guarantees, grants, contracts and tax incentives, in partnership with the Department of Treasury. In total, CBO estimates that the legislation will increase budget deficits by about $831 billion over the 2009–2019 period. Continue reading
New Jersey Stiffs U.S. Taxpayers over $271 Million Grant. Republicans, Democrats Collude on Cancelled ARC Tunnel
Well, it sounds like LaHood (an Illinois Republican appointed by Obama) had no choice. Defenders of the deal, and there are some, say that DOT maneuvered to get N.J. taxpayers some benefit from the cancelled transit investment. In their view this solves the standoff over reimbursement — interest and penalties were accruing daily that New Jersey taxpayers would have been responsible for — and maybe New Jersey residents will also get the benefit of improved transit in the state. We will see. There sure is enough political manure here in my view to help New Jersey remain the garden state… Continue reading
Posted in auto news, economy, fools 'n frauds, people, transportation
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, budget deficit., department of transportation, dot arc tunnel, dot grants, Ken Zino, lahood, mass transit, nj politics, railroad holdup, taxpayer subsidies, theft of taxpayer funds, zino
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House and Senate Finally Agree Not to Close FAA but Fail to Address Taxes for Aviation and Bankrupt Highway Trust Fund
Last night the U.S. Senate went along with the House of Representatives and agreed not to shut down the FAA because its authority to impose excise taxes on airline tickets had expired. It was the 22nd extension of existing taxes … Continue reading
Posted in auto news
Tagged auto informed, auto news, autoinformed, autoinformed.com, automotive news, budget deficit., excise taxes, faa, highway trust fund, Ken Zino, taxes, u.s. congress, zino
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Motor City Mouse Roars over Chevy Volt Taxpayer Abuse
So the mouse roars that the government should not be in the business of using taxpayer subsidies to increase dealer profits when selling Chevy Volts, or to favor one technology over another. Let the marketplace decide with customers spending their money. Continue reading