Cash For Clunkers gets $2B assist in the Senate; C.A.R.S. funded through Labor Day
The extension passed "clean," without any of the amendments that had been tacked on. The Auto Alliance has hoped this would be the case, and Alliance CEO Dave McCurdy said he applauded what Congress and the President have done for auto makers and the industry. Both Ford and GM will consider increasing production if the program continues to be popular.
Whether or not car shoppers will continue to be as inspired to rush out and get their $4,500 for a new car is an important question. Since we don't have a crystal ball, let's see what the wisdom of the crowd can tell us. Do you think C.A.R.S. will keep pace for the next $2 billion?
|For sure.||1 (25.0%)|
|Not a chance.||1 (25.0%)|
|No, but it'll be a solid boost all the way until the money runs out.||1 (25.0%)|
|No, but there will be a big spike right at the deadline.||1 (25.0%)|
[Source: Detroit News, AP]
Alliance CEO Dave McCurdy's Statement on Senate Approval of H.R. 3435
"Cash for clunkers is a new engine for automakers; a tune up for the environment; and a jump start for communities across the country whose economies are dependent on a strong auto industry. We applaud the administration and the Congress for their efforts to ensure that consumers can continue to take advantage of this successful program."
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