Chrysler Group LLC said Wednesday it is offering $4,500 in cash toward the purchase of a new vehicle as it seeks to match a government incentive for people to trade in their old gas guzzlers.
The automaker said it will offer cash or zero percent financing for six years on most of its 2009 Chrysler, Dodge or Jeep models. The incentive begins today and lasts through Aug. 31.
Chrysler said in a statement that buyers are eligible for the new incentive even if they are not trading in a vehicle under the government’s “cash for clunkers” legislation.
According to the auto Web site Edmunds.com, 16 Chrysler vehicles are fuel efficient enough to qualify a shopper for a voucher under cash for clunkers, so long as the trade-in vehicle qualifies as well.
Air Products & Chemicals Inc. reported fiscal third-quarter profit that rose 61 percent and said it will cut more jobs and close more plants to reduce expenses.
Net income in the three months through June climbed to $113.2 million, or 53 cents a share, from $70.1 million, or 32 cents, a year earlier, Allentown-based Air Products said Wednesday. Sales tumbled 28 percent to $1.98 billion in the quarter.
The company is eliminating an additional 1,150 jobs, or 6 percent of the workforce, as the global recession trims demand for gases used to make metals, chemicals and electronics. Air Products employs about 150 at its Hanover Township plant.
Microsoft Corp. says Windows 7 is complete.
The software maker sent the final code for its next computer operating system to manufacturers Wednesday, and said it’s still on track for an Oct. 22 launch.
The new operating system will launch into a much tougher climate than Vista did. PC shipments are expected to fall this year for the first time since 2001.
China will press Washington at high-level economic talks next week to protect Chinese assets in the United States by following policies that keep the dollar stable, a finance official said.
Chinese officials worry that massive U.S. stimulus spending might spark inflation that would erode the value of the dollar and China’s holdings of U.S. government debt.