Cash for Clunkers tally: 700K new-car sales
The CARS program came to a close Tuesday night with nearly 700,000 clunkers taken off the roads, replaced by far more fuel efficient vehicles. Rebate applications worth $2.877 billion were submitted by the 8 p.m. Monday deadline, under the $3 billion provided by Congress to run the program. Read more
Cash for Clunkers winding down
U.S. Transportation Secretary Ray LaHood announced Thursday that after a wildly successful run, the cash for clunkers program will come to a close on Monday, Aug. 24, at 8 p.m. EDT.
“This program has been a lifeline to the automobile industry, jump starting a major sector of the economy and putting people back to work,” Secretary LaHood said. “At the same time, we’ve been able to take old, polluting cars off the road and help consumers purchase fuel efficient vehicles.” Read more
Support for continuation for Cash for Clunkers program
The House of Representatives passed legislation Friday pumping $2 billion into the popular Cash for Clunkers program over the objections of some House Republicans who unfortunateliy used the opportunity to hit Democrats on the big issue of the summer – health-care reform. Read more
