Automotive News - June 23, 2008 - (Page 40)

40 • JUNE 23, 2008 GOP: Climate bills would make $4 gas look cheap Harry Stoffer hstoffer@crain.com Customer SUBARU Incentives Cash rebate Finance rate Cash rebate Finance rate Cash rebate Finance rate Incentives in this table are a summary of retail programs offered. Programs may vary by region and model. BMW Expires June 30. 2008 models 5 series, 6 series, 7 series, M6, X5 3 series, X3, Z4, Z4 M – – 2.9% 3.9% AMERICAN HONDA MOTOR CO. Expires June 30. 2008 models Acura MDX, RDX Honda Accord, Element, Ridgeline, S2000, Pilot Civic – 0.9-2.9% – 0.9-2.9% – 1.9-2.9% Nissan Murano 2007 models $2,000 1.9-4.9% SUBARU Expires June 30. In lieu of rebates, cut-rate financing is available. 2009 models Forester – 4.5-4.9% 2008 models Forester $500-$2,250 0-4.9% Outback $750-$1,500 0-4.9% Legacy $0-$1,250 0-4.9% Tribeca $1,000 0-4.9% – 0-4.9% Impreza CHRYSLER LLC Expires June 30. In lieu of rebates, cut-rate financing is available. A $2.99 per gallon gasoline incentive is offered on qualifying 2008 and 2009 vehicles. It expires July 7. See dealer for details. 2009 models Dodge Journey $1,000 – 2008 models Chrysler Aspen $3,750-$4,500 0-5.9% 300C $4,000 0-5.9% PT Cruiser (excl. convertible) $1,500-$3,000 0-5.9% Pacifica $2,000-$2,500 0-5.9% Sebring $500-$2,500 0-5.9% Town & Country $2,500 0-7.9% 300 (excl. SRT8 and C) $2,000 0-5.9% PT Cruiser convertible $1,000 0-5.9% Dodge Ram 1500 $5,000-$6,000 0-4.9% Ram 2500/3500 $4,500-$5,000 0-4.9% Durango $3,750-$4,500 0-5.9% Dakota, Magnum $2,000-$3,000 0-5.9% Grand Caravan $2,500 0-7.9% Charger $1,500-$2,500 0-5.9% Caliber, Avenger, Nitro $500-$1,250 0-5.9% Jeep Commander $4,000-$5,500 0-5.9% Grand Cherokee $750-$5,500 0-5.9% Compass, Liberty, Patriot $750-$1,500 0-5.9% WASHINGTON — Lawmakers from auto and oil states warned last week that climate change legislation would add to household energy costs and make Americans “long for the good old days of $4 gasoline.” The warnings came at the opening of a House subcommittee hearing on a variety of proposals that have been made to limit U.S. emissions of greenhouse gases. Rep. John Dingell, D-Mich., chairman of the House Energy and Commerce Committee, said more hearings are needed, the latest signal that no measure will be enacted this year. But other lawmakers made clear that high energy prices and difficult economic conditions will make passage even more difficult when the ultimate debate occurs. Most of the proposals would place a cap on overall emissions of gases that contribute to global warming, mainly carbon dioxide, a byproduct of burning fuel. Utilities, factories and other sources would buy and sell emission allowances, effectively putting a price tag on carbon. HYUNDAI Expires June 30. In lieu of rebates, cut-rate financing is available. 2009 models Sonata $1,500 0.9-3.9% 2008 models Sonata $3,000 – Santa Fe, Azera $2,000-$2,500 – Entourage $2,000 – Elantra $1,500-$2,000 – Tiburon $500-$1,750 – Tucson, Accent $1,000-$1,500 – Veracruz $1,000 – 2007 models Sonata, Azera $3,000 – Entourage, Santa Fe $2,500 – Elantra $1,500-$2,000 – Tiburon $1,000-$1,750 – Accent $1,000-$1,500 – Tucson, Veracruz $1,500 – SUZUKI Expires June 30. In lieu of rebates, cut-rate financing is available. 2008 models XL7 $0-$2,500 0% Grand Vitara $1,750-$2,250 0% SX4 $750-$1,500 0% Reno, Forenza $500 0% 2007 models XL7 $4,000 0% $3,250 0% Grand Vitara Aerio, SX4 $1,500-$2,000 0% Forenza, Reno $1,000 0% JAGUAR Expires July 7. 2008 models XJ – 4.9% TOYOTA MOTOR SALES Expires June 30. In lieu of rebates, cut-rate financing is available. 2009 models Toyota Camry (excl. Hybrid) $0-$500 0-4.9% Matrix, Corolla – 0-2.9% 2008 models Lexus ES 350 – 1.9-3.9% Toyota Tundra $0-$4,500 0% 4Runner, Sequoia, Sienna, $0-$2,000 0-4.9% Tacoma Camry Hybrid, Corolla $0-$1,500 – Camry (excl. Hybrid) $0-$1,500 0-4.9% Matrix $0-$1,000 – $750-$1,000 – FJ Cruiser Camry Solara, Highlander $500-$1,000 2.9-4.9% Avalon – 0-4.9% 2007 models $0-$4,000 0% Toyota Tundra 4Runner $0-$2,500 0-3.9% Sequoia $0-$2,000 – Tacoma, Highlander (excl. Hybrid) $0-$2,000 0-3.9% Sienna $0-$1,500 0-3.9% Camry, Corolla, FJ Cruiser $0-$1,000 – Chevrolet Silverado 1500 Classic, Silverado 1500 SS Classic, Silverado 1500HD Classic, Silverado 2500HD Classic, Silverado 3500 Classic Silverado 2500HD, Silverado 3500HD Avalanche, Suburban, Tahoe TrailBlazer Corvette, Impala, Silverado Equinox, Express, Express cargo, HHR, Monte Carlo, Uplander Cobalt, Colorado Aveo, Malibu, Malibu Maxx GMC Sierra 1500 Classic, Sierra 2500HD Classic, Sierra 3500 Classic Yukon, Yukon XL Sierra 3500HD, Sierra 2500HD Envoy Sierra 1500 Savana, Savana cargo Canyon Acadia Hummer H2, H3 Pontiac G6, Grand Prix, Torrent G5, Solstice, Vibe Saab 9-3, 9-5, 9-7X Saturn Aura, Ion, Relay, Sky Outlook, Sky $5,000 $4,000-$5,000 $4,500 $4,000 $3,000-$3,500 $2,500 $1,750-$2,000 $1,500 $5,000 $4,500 $4,000-$5,000 $4,000 $3,000-$3,500 $2,500 $2,000 $1,000 $5,000-$8,000 $2,500 $1,750-$2,000 $6,000-$6,500 $2,500-$3,000 $2,000 KIA Expires June 30. In lieu of rebates, cut-rate financing is available. 2008 models Sorento $2,000-$3,000 – Optima $0-$3,000 0-1.9% Amanti, Sportage, Spectra $2,000 – Sedona $1,000-$2,000 – Rondo $1,500 – Rio $500-$750 – 2007 models Sedona $1,500-$4,500 – Amanti, Sorento $3,000-$4,000 – Rondo $2,500-$4,000 – Optima $3,500 – Spectra, Sportage $2,000-$3,000 – Rio $1,000 – AMERICAN HONDA MOTOR CO. Expires June 30. 2008 models Acura RL MDX RDX TSX Honda Ridgeline Odyssey, Pilot Element $4,000 $2,000 $1,500 $1,000-$1,500 $4,500 $2,000-$3,500 $1,000-$1,500 FORD MOTOR CO. Expires June 30. In lieu of rebates, cut-rate financing is available. 2009 models Ford Flex – 0.9-6.9% 2008 models Ford F-Super Duty $2,000-$5,500 0-6.9% Expedition, Expedition EL $2,500-$5,000 0-3.9% Explorer, Explorer Sport Trac $2,500-$4,000 0-4.9% Taurus, Taurus X $1,500-$3,000 0-6.9% Edge, Escape (excl. Hybrid) $500-$3,000 0-6.9% Econoline, Ranger $0-$2,500 0-6.9% F-150, Fusion, Mustang $0-$2,000 0-7.9% Focus $0-$1,000 2.9-8.9% Escape Hybrid – 4.9-8.9% Lincoln Mark LT $6,500-$8,000 0-3.9% Navigator $4,000-$6,000 0-1.9% Town Car $5,000 0.9-4.9% MKZ $2,000-$2,500 0-5.9% MKX $1,000-$2,000 0-4.9% Mercury Grand Marquis $5,500-$6,000 0-2.9% Mountaineer $2,200-$4,000 0-4.9% Mariner (excl. Hybrid), Sable $500-$2,000 0-6.9% Milan $0-$1,200 0-6.9% Mariner Hybrid – 4.9-8.9% 2007 models Ford Edge $2,000-$4,000 0-1.9% Mustang $2,500-$3,500 0-2.9% Lincoln MKX $2,000 0-1.9% A dig at Obama Rep. Joe Barton of Texas, ranking Republican on the committee, said proposals to lower emissions to 80 percent less than 1990 levels could “take the U.S. economy off a cliff.” Adding a political dig, Barton attributed that goal to U.S. Sen. Barack Obama, D-Ill., the presumptive Democratic nominee for president. Even a milder climate proposal, which stalled this month in the Senate, would add $8,000 a year to the typical household’s expenses, he said. Rep. Fred Upton, R-Mich., warned that $4-a-gallon gasoline would look cheap if some climate proposals are enacted. He is a co-chairman of the Congressional Auto Caucus. Similarly, Rep. Mike Rogers, RMich., said it is “offensive” that Congress would even consider bills that would raise energy prices when so many people are struggling. LAND ROVER Expires June 30. 2008 models LR3 LR2 $6,000-$7,000 $2,750 MAZDA Expires June 30. 2007 models MX-5 Miata Mazda5, Mazda3 RX-8 $1,500 $1,000 $500 LAND ROVER Expires June 30. 2008 models LR2, LR3 – 0-5.9% MAZDA Expires June 30. In lieu of rebates, cut-rate financing is available. 2008 models RX-8 $3,000 1.9% Mazda6, Tribute $2,250-$2,750 0-4.9% B series $2,000 – CX-7, CX-9 – 1.9% Mazda3, Mazda5, Tribute Hybrid – 1.9-4.9% 2007 models RX-8 $3,750 – Mazda6 $3,000 0% B series $3,000 – CX-7, CX-9 – 0.9% MazdaSpeed3 – 5.9% VW GROUP OF AMERICA VW expires June 30. Audi expires July 2. 2009 models Volkswagen Tiguan – 2.9-4.9% 2008 models Audi A3, RS4, S4 – 2.9% A4 – 0.9-2.9% R8 – 5.3% Volkswagen New Beetle convertible – 0% Eos, GLI, GTI, Jetta, New Beetle sedan, R32, Rabbit, Touareg 2 – 0-2.9% Passat – 0-3.9% MERCEDES-BENZ Expires June 30. 2008 models SL class CLS class CL class, SLK class $12,000 $6,000 $4,000-$5,000 MITSUBISHI Expires June 30. 2008 models Raider, Endeavor 2007 models Endeavor, Raider Eclipse, Eclipse Spyder, Galant Outlander $6,000 $3,000-$4,000 $2,500 $1,500 GENERAL MOTORS Expires June 30. In lieu of rebates, cut-rate financing is available. 2009 models Pontiac Vibe – 5.9-7.9% 2008 models Buick Lucerne, LaCrosse $1,000 0-6.9% Enclave – 5.9-6.9% Cadillac Escalade, DTS $2,000-$3,000 5.9-7.9% CTS, STS, SRX, XLR – 1.9-7.9% Chevrolet Avalanche, Suburban, TrailBlazer, Tahoe $2,000 0-6.9% Express, Express cargo, Silverado 1500 $1,500-$2,000 0-6.9% Equinox, Silverado 2500HD, Silverado 3500HD $1,500 0-6.9% Colorado, HHR $0-$1,500 0-7.9% Aveo, Impala, Cobalt $500-$1,000 0-6.9% Malibu, Corvette, Uplander – 5.9-6.9% GMC Envoy, Yukon, Yukon XL $2,000 2.9-6.9% Sierra 1500, Savana cargo $1,500-$2,000 0-6.9% Savana, Sierra 2500HD, Sierra 3500HD $1,500 2.9-6.9% Acadia, Canyon $0-$1,500 3.9-6.9% Hummer H3 $5,000 5.9-6.9% H2, H2 SUT $4,000 5.9-6.9% Pontiac Grand Prix $2,000 2.9-6.9% Torrent $1,500 0-6.9% G5, G6, Solstice, Vibe $1,000 0-6.9% G8 $500 5.9-6.9% Saab 9-3, 9-7X – 5.9-7.9% 9-5 – 6.9-7.9% Saturn Vue (excl. hybrid) $1,500 0-6.9% Aura, Sky $0-$1,000 0-6.9% Outlook $500 5.9-6.9% VOLVO Expires June 30. 2008 models S80, XC90 S60, V70, XC70 C70, S40, V50 C30 – – – – 0-2.9% 3.9% 4.9% 5.9% MERCEDES-BENZ Expires June 30. 2008 models E class, R class CLK class, GL class, M class – 0.9% NISSAN NORTH AMERICA Expires June 30. 2008 models Infiniti FX45 EX35, FX35 Nissan Altima 2007 models Infiniti M35, M45 Nissan 350Z $6,000-$7,000 $1,000-$3,500 $5,000 $500-$3,000 $500 UAW backs cap-and-trade One witness at last week’s hearing was Alan Reuther, the UAW’s legislative director. He said auto workers favor a national cap-and-trade program, provided it is imposed “upstream,” such as at refineries. The union also favors provisions http://Edmunds.com

Table of Contents Feed for the Digital Edition of Automotive News - June 23, 2008

TRW exec: We're in the 'sweet spot' for growth 'Like house of cards,' used trucks fall Detroit 3 a big drag in global supplier race Ford rethinks big-block V-8 plan Looters and broken levees Plastech's Brown stands to get $9.25 million Lawmakers: Redo roof rule Hunt takes job at Gallup Lawmakers urge roof rule rewrite Webinar offers tips on going green Lawmakers: Redo roof rule Webasto sees more demand for retractable hard tops Why small isn't always big To move metal, hire an Ironman Chevy limits ZR1 Corvette to top dealers Lithium ion battery is key to hybrid growth With Russia hot, Ford will boost Europe production BMW exec: We can grow in U.S. The man who put the wind in GM's sales GM's parts ordering comes down to Earth More Fits for U.S. in fall GM: Volt buyers deserve tax credit Mercedes exec seeks more exclusive technology from suppliers Bosch, Mahle execs to lead turbo venture Supplier personnel ZF moves steering operations in Ky. Slowing Volvo, Saab add to Sweden's industry woes Feds: Drivers don't have to hang up phones Magna eyes new growth strategy: Powertrain-driveline modules Alleged sales scam snares Ohio dealers GM center troubleshoots IT in plants around the world Senator: Plants have capacity for plug-ins Lots of talk but little to show Going green pays off The Detroit 3 are smart to cut sales to fleets Drop Mercury? No; Ford needs it Awareness isn't GM's problem Leno was off base in bashing U.S. cars Roofs, rollovers and reckless driving Big-truck sales fall 15.2% in May Serra deal reflects GM channel strategy No. 2 vehicle hauler to go out of business Chinese company's car looks a lot like a Mini Honda taps star power for fuel cell car Dealer wanted media attention — and got it Dealers European sales dip 7.8% in May Merger gives Hughes Telematics a cash boost Mexico sales bounce back in April Suzuki dealers test system to turn Web leads into sales Bosch-Samsung venture to make lithium batteries Hyundai plans Elantra hybrid for Korea in '09 RV sales drop 8.5% in April Japan’s best-kept secret Utilities join automakers for plug-in r&d Ford likely to build '11 Focus at 2 plants Glut of '08 Ford F-150s delays launch of '09s '09 Porsche SUV prices rise Ford calls off Ohio plant sale Ford idles Mich. truck plant CarMax net earnings decline Dodge Journeys recalled 2009 Chrysler hybrid SUVs start at $45,340 GOP: Climate bills would make $4 gas look cheap EVs on eBay: It's all the rage In terms of market value, the General is a buck private Sign of the times: Hummer store to be used-car lot Bob Stempel's legacy is the future Flying 1 series? It's BMW's joke Dealer hurt in sky-dive navigates the road to recovery Opel car recognizes signs; BMW plans similar system JCI, Magna unit buy main parts of Plastech The little engines that could Suppliers to the 2008 Dodge Viper

Automotive News - June 23, 2008

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