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If there's been a single reason for hope among auto executives during the past few lean years, it's been spelled C-H-I-N-A. Despite being a difficult regulatory environment with many hoops for automakers to jump through, the People's Republic has shone as the industry's brightest and biggest hope for big volumes and bigger profits. Certainly, the nation has delivered massive sales increases as it has developed into a global superpower, and its population and growing wealth suggests it should be

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The French minister of Economic Affairs, Christine Lagarde, has announced that the country's current cash-for-clunkers scheme, called prime à la casse, will be extended for two additional years. The initial plan was to end the program by the end of this year, but the government believes that the car market would likely crash if the stimulus Euros were withdrawn now. In order to apply for the €1,000 grant from the Government, French car buyers need to replace an old car with one that

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According to Bloomberg, the National Highway Traffic Safety Administration got wind that some cars being turned in under Germany's Cash-For-Clunkers program were being certified as destroyed, but actually being resold. To prevent that scenario from repeating itself in the U.S., land of Honest Abe, dealers have apparently been instructed to fill the engines of trade-ins with sodium silicate and run them for seven minutes in order to permanently disable them.

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So far, Hyundai has been the only automaker in the U.S. to accept early trade-ins under the Car Allowance Rebate System (CARS), or Cash-for-Clunkers (CFC), program. Most are waiting for the U.S. Department of Transportation to finalize the program's rules and regulations by July 24th, but Hyundai decided to start early since the program covers all transactions dating back to July 1st. Since the government hasn't set up a reimbursement process for the rebates that range from $3,500 to $4,500 just

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The final Cash-for-Clunkers bill that President Obama signed into law back on June 24th carried a total of $1 billion in funding, which is a quarter of the amount the legislation initially called for. Dave McCurdy, president of the Alliance of Automobile Manufacturers, tells Automotive News that's only enough to cover roughly 250,000 vehicles and – assuming the program is successful – that Congress may vote in the fall to add more funding:

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2009 Hyundai Elantra Touring – Click above for high-res image gallery

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When President Obama signed the Cash-for-Clunkers bill into law back on June 24th, the Transportation Department was given 30 days to set the official rules and regulations for the program that put the actual plan into motion. According to the official CARS (Car Allowance Rebate System) site, the NHTSA intends to get the deed done a day early by July 23rd. Although the paper the President signed stipulated that consumers may be eligible for the program starting on Wednesday, July 1st, the Transp

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When President Obama signed the Cash-for-Clunkers bill into law back on June 24, the Transportation Department was given 30 days to set the official rules and regulations for the program that will put the plan into motion. According to the official CARS (Car Allowance Rebate System) site, NHTSA intends to get the deed done a day early by July 23. Although the paper the President signed stipulated that consumers may be eligible for the program starting on Wednesday, July 1, the Transportation Dep

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President Obama has taken pen to paper and signed off on Cash-for-Clunkers, a law that could help the auto industry shake its year-long funk. The Transportation Department now has 30 days to determine the rules and regulations for Cash-for-Clunkers, placing the start of the program at the end of July.

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In the coming weeks before the U.S. Department of Transportation finalizes the rules and regulations for the Car Allowance Rebate System (CARS), otherwise known as Cash-for-Clunkers, we expect every automaker who operates in this country to start promoting which vehicles they sell that meet the program's eligibility requirements. Ford Motor Company has got 20 vehicles spread across its Ford and Mercury brands, and less than 24 hours after President Obama signed CARS into law, the automaker has l

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President Obama has taken pen to paper and signed off on Cash-for-Clunkers, a law that could help the auto industry shake its year-long funk. The Transportation Department now has 30 days to determine the rules and regulations for Cash-for-Clunkers, placing the start of the program at the end of July.

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Now that the so-called Cash-for-Clunkers bill is ready for President Obama's signature, attention is turning to how much of an impact the negotiated bill will actually have on U.S. car sales. There are a lot of positive stories about the bill floating around – headlines hopefully implore that the bill might "jumpstart U.S. auto sales" and claim "Has Uncle Sam got a deal for you." But will the law, with its fairly tight requirements, really stimulate sales? Some auto analysts don't think so

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According to The Detroit News, the House and Senate came to terms late last night on a $1 billion 'cash for clunkers' initiative. Part of a larger $106 billion wartime spending bill, the program is not yet law, as the finalized bill must be passed by Congress (it is expected to be voted on next week) and signed into law by President Obama.

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According to The Detroit News, the House and Senate came to terms late last night on a $1 billion 'cash for clunkers' initiative. Part of a larger $106 billion wartime spending bill, the program is not yet law, as the finalized bill must be passed by Congress (it is expected to be voted on next week) and signed into law by President Obama.

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As expected, U.K. Finance Minister Alistair Darling has officially announced a new vehicle scrappage program that will pay motorists £2,000 ($2,900 USD) for trading in a vehicle that's at least 10 years old for a new car. Half of the funds will be provided by the government, and the other half will be paid out by automakers.

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