China to pay subsidies for EVs, plug-in hybrids
China has begun paying subsidies of up to 60,000 yuan a car to manufacturers of electric and hybrid vehicles on a trial basis in five cities, the Ministry of Finance said Tuesday.
Looser credit boosts auto sales as bar lowered for buyers
Jody Bowman said she didn't expect to be able to buy a new car or even a used one. She owed $8,900 on a 2003 Chevrolet minivan, carried a $5,000 balance on her credit card and didn't have enough cash for a vehicle.

Auto Borrowing Associates

 

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