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The federal government’s Cash for Clunkers aims to stimulate the economy, provide relief for automobilemanufacturers and reduce greenhouse gas emissions. Knittel did not analyze the program’s other key objectives: stimulating the economy and providing relief for automobilemanufacturers. However, the.
Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 million units, according to estimates from the China Association of AutomobileManufacturers (CAAM). People’s Daily. Official figures for vehicle production and sales are scheduled for release next Monday.
Closer to home, the federal fuel economy standards require the average fleet fuel economy of OEMs that sell vehicles in the USA to be 35.5 The automotive industry is living proof that private companies will rarely change their behaviors without a significant stimulus to that change, and furthermore one that needs to be mandated.
The response to COVID-19 is having a major impact on the economy, with retail and manufacturing activity crippled without precedence and concerns mounting on consumer sentiment. Demand stimulus will boost the utilization of our manufacturing capacity, safeguarding jobs and investments.
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