Tag Archives: green

Ford Aims to Reduce Production Waste by 41 Percent

In an effort to lessen their environmental impact, Ford has pledged to reduce the waste produced per vehicle by 41 percent by 2016.

Ford CEO Alan Mulally and Executive Chairman Bill Ford have made environmental awareness a priority for Ford in the coming years. In 2011, the average amount of waste per vehicle was 22.7 pounds. By 2016, they hope to cut it down to 13.4 pounds per vehicle. Ford has already made an effort to reduce their waste, cutting it from 37.9 pounds to 22.7 pounds between 2007 and 2011.

Most of the news revolving around the auto industry and the environment has involved reducing the weight of vehicles to make them more fuel efficient, but reducing the weight in auto production is important as well. If the automakers are producing a large amount of waste building electric cars, then they aren’t really helping the environment. They are green in name only. We commend Ford for their efforts in reducing waste and producing better cars in the process.

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Should I Buy a Hybrid?

The rise of gas prices have lead car drivers to start making more educated choices in their choices. Hybrids are really seeing a surge in sales due to people looking to keep away from those high prices as much as possible. That popularity is causing many buyers to ask the question, should I buy a hybrid?  The San Francisco Chronicle offers advice for these very people.

Hybrids have gained this upswing in sales because it’s thought that they will save money when gas prices rise. The cars SF Chronicle uses to show the difference is the 2012 Honda Civic Sedan and the Civic Hybrid. The Sedan has a price of $15,995 and gets around 28 miles per gallon in the city and 39 on the highway. In comparison, the Civic Hybrid’s price is $24,200 and is 44 miles per gallon in the city and highway. After doing some math based on the average miles driven by someone ages 20-34 (15,098 miles a year) the conclusion shows that the fuel cost is indeed lower on the Hybrid by $455. The problem with that number is that the difference in cost is still $8,205. That means it’ll take 18 years for the buyer to make up the lose.

That doesn’t bode too well for the idea that hybrids save. It’s unrealistic to expect a car to last 18 years. There’s other things to take into account, however. The government used to have tax incentives to encourage purchases of hybrids. This was done more then the idea was new though, and since the car maker has sold more than 60,000 vehicles, that incentive has gone. As of December 31st, 2010, that credit is no longer eligible. There’s one exception however, and that’s the plug-in hybrids. They still offer credit of up to $7,500 but be warned the vehicle tends to be rather pricey.

That brings us to the new generation of the hybrid, the plug in hybrid. While normal hybrids use a combination of a gas engine and electricity, the plug in relies on batteries. While keeping gas out of the equation, they are subject to shorter ranges, only having about 50 to 100 miles in them before needing a recharge. There is a gasoline-powered engine, however, that does take over once the battery is dry. What to keep in mind when thinking of purchasing a plug in to save on gas costs is that they do come with a hefty price tag. The 2012 Chevy Volt for example is $39,145. The tax incentive brings that down to $31,645. The traditional Honda price is half of that.

Hybrids do a good job of making the driver feel good about the environment. In a world that is starting to put the green moniker on everything they can, driving a hybrid gives a sense of aiding to make the world a better and cleaner place. Hybrids certainly are good for the environment, but in the problem of if they are worth the extra cost to cut down on gas prices, they aren’t so good. It’s up the consumer to see if this is a good enough value for themselves, but a hybrid will not save you overall at the pump for the time being.

Wanting to get yourself a new or used hybrid anyway? Don’t worry if you have challenged credit, here at Approved Loan Store, we work with people struggling with bad credit to put them in the car, or hybrid in this case, they want. Go online to fill out the application to see how our staff can help you. To stay current on all the latest news and advice pieces, like us on Facebook and follow us on Twitter.

Reuters: Lose Weight, Improve Car’s Fuel Efficiency

If you want your car to be more fuel-efficient, Reuters has a novel idea: lose weight.

A recent statistic shows that gasoline consumption has gone up along with the needle on American’s scales. According to the study, Americans in 2012 compared to Americans in the 1960s are wasting 1 billion gallons of gas in their cars.

Where are those 1 billion gallons going? Well, Americans in 2012 on average weigh more than Americans in the 1960s, and it takes 1 billion gallons more to power their cars. Across the country, Americans could be getting a better gas mileage on their cars and spending less at the pump by getting their weight down to the average American’s weight in the 1960s.

Of course, you can’t turn a gas-guzzler into a hybrid just by dropping a dress size, and Approved Loan Store can help you find a more fuel-efficient car in your price range. Fill out an auto loan application online here, and keep up with the latest news from the auto industry by liking Approved Loan Store on Facebook and following Approved Loan Store on Twitter.

Image: dream designs / FreeDigitalPhotos.net

Paul Ryan Budget Would Cancel Loans to Auto Industry

In the midst of the partisan bickering in Washington D.C. over the budget recently, the auto industry has been put on the chopping block by Paul Ryan’s Republican-backed budget.

Right now, there is a loan program in place for green energy efforts called the Advanced Technology Manufacturing Program. It was signed into law by President George W. Bush back in 2007, and part of the $25 billion program includes $16 billion which would go towards modifying auto factories. In Ryan’s proposal “The Path to Prosperity,” he was highly critical of President Obama over green initiatives, apparently forgetting that President Bush had signed it into law, and he claimed it “blocks proven domestic energy sources while spending recklessly on uncompetitive alternatives.”

Now, there should be debate over government spending in this country, and both Democrats and Republicans need to be willing to compromise. However, it is unfair of Paul Ryan to pin this program on President Obama and label it as “spending recklessly.” Alternative energy sources are the future, and we need car manufacturers making hybrid and electric cars now. If hybrid and electric cars start selling now, we will get early adapters in the next few years, and by the time we need to switch completely to hybrid or electric cars, America will be ready. Manufacturing fuel-efficient cars should not be a partisan issue; it should be common sense.

Looking for a new or more fuel-efficient car? Fill out Approved Loan Store’s car loan application here, and keep up with the latest new and trends from the auto industry by liking Approved Loan Store on Facebook and following Approved Loan Store on Twitter.

Image: nuttakit / FreeDigitalPhotos.net