The program, which could be extended by lawmakers, is the latest of a variety of enticements offered to car buyers in the downturn.
Yang Rong, a Chinese automobile tycoon who fled the country after being accused of economic crimes, is preparing to launch an ambitious plan to make clean-tech cars in the United States, said a source.
Toyota Motor Corp said on Tuesday its vehicle sales in China in the first half of 2009 were roughly unchanged compared with a year earlier.
Toyota to mass produce plug-in electric cars by 2012, EU pushes U.S., Japan to a climate change limit, China to build its biggest wind power facility
Emissions from U.S.power plants drop in 1Q, U.S. to deploy officials to China to highlight clean energy, Toyota's hybrid tops best-selling cars in Japan in June
Toyota Motor Corp's Prius hybrid was Japan's best-selling car in June while Honda Motor Co's rival Insight ranked fourth, helping the two hybrid leaders dominate the list of top-selling models.
Ford Motor Co of Canada was the number one selling automaker in the country for the first time in 50 years as it posted a 25 percent jump in sales in June over a year earlier, the company said on Thursday.
U.S. auto sales tumbled 28 percent in June, the narrowest decline in nine months, as Ford Motor Co stole market share from its rivals.
Picking through Toyota's suffering U.S. sales performance in June, observers find many well known brands which have suffered at the hands of a down economy but nuggets of positivity in the carmaker's lineup will reveal gains for its Lexus RX sports utility vehicle, Prius hybrid and RAV4, a small SUV.
Major automakers are expected to report the highest sales rate of 2009 when they post results for June, as deep discounts limit industry-wide results to a 30-percent decline.
Major automakers are expected to report the highest sales rate of 2009 when they post results for June, as deep discounts limit industry-wide results to a 30-percent decline.
General Motors Corp cut operational ties on Monday to a northern California auto plant it had operated in a joint-venture with Toyota Motor Corp for a quarter of a century.
General Motors Corp will end its partnership with Toyota in a joint partnership, the company announced on Monday.
General Motors Corp has agreed to accept liability for future product defects as one of several concessions offered in a bid to win court approval for a quick sale from bankruptcy.
Akio Toyoda, president of Toyota Motor, wants speedy reforms at the world's biggest carmaker but many want him out of the fast lane.
Toyota Motor Corp's new president, the grandson of the group's founder, warned on Thursday the auto industry faces another two tough years as he outlined his strategy to return the world's No.1 car company to profit.
As an engineering student in the 1960s, Takeo Fukui picked the analysis of nitrogen dioxide emissions as his senior thesis with one goal in mind: joining Honda Motor to get a foothold in the world of motor racing.
Toyota Motor Corp confirmed Akio Toyoda as its new president on Tuesday, promoting the grandson of the company's founder to guide the world's No.1 automaker through the worst downturn in its history.
Toyota Motor Corp confirmed Akio Toyoda as its new president on Tuesday, promoting the grandson of the company's founder to guide the world's No.1 automaker through the worst downturn in its history.
Detroit's top-selling auto brands, Ford and Chevrolet, have almost eliminated a long-criticized gap with Toyota in new car quality, according to a closely watched survey released on Monday.
As an engineering student in the 1960s, Takeo Fukui picked the analysis of nitrogen dioxide emissions as his senior thesis with one goal in mind: joining Honda Motor to get a foothold in the world of motor racing.
Toyota Motor Corp is preparing to ramp up production of the hot-selling Prius hybrid by adding weekend shifts, and denied a report that it was considering building the model at a plant in California held jointly with General Motors Corp.