Car Throttle

Most people are pretty confident that the U.S market and global economy will begin to finally rebound and show some signs of life at the end of this year. Economists, auto makers, even the U.S government are forecasting that. Not that their record has been particularly good. But, I digress.

Unlike the others though, Lamborghini is taking a much more pessimistic viewpoint. At an company event in Paris today, Lamborghini chief executive Stephan Winkelmann commented on sales for the year and his view for the future.

After coming off a record year 2008 for both sales and profits, it looks like the economic situation is finally catching up to Lamborghini. Sales for 2009 so far are down by 30%. Even at a 40% overall sales decline for the year, Winkelmann expects

Like it or not, the "Cash for Clunkers" legislation is being rammed through Congress, and word came today that the U.S House of Representatives has passed the bill 298-119. The bill passed would offer up to $4,500 maximum for your "clunker". Here are the exact requirements to even be considered as eligible for the program: the vehicle must be less then 25 years old (MY 1984), insured in the last year and there is no trade in value outside of the voucher ($4,500 is all you're getting). Pretty restrictive. In terms of how much for what,  if the vehicle being traded in gets 18 mpg or less and you trade in for a new vehicle getting 22 mpg, you receive $3,500 voucher. If the mileage is 10 mpg higher (28