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AddFeds mull an extra three months to crush Cash For Clunkers victims

What do you do with some 700,000 recently clunked cars? Send them to scrap heaps, naturally. According to the initial set of rules drafted when Cash for Clunkers was first launched, all those vehicles need to be processed properly, which includes removing most (if not all) of the good usable parts from each vehicle before sending the remaining hulk through crush and melt-down machines.

20Hard to Handle: Recyclers reportedly facing crush of cars after C4C

The ramifications of America's. Cash for Clunkers program are still being figured out – which isn't all that surprising given that a total of 700,000 or so sales totaling $2.877 billion were processed in just one month. And besides facing the unfortunate lack of suitable demolition derby material, scrapyards are reportedly finding themselves ill-equipped to deal with all the junked iron sitting behind their barbed-wire fences.

AddHyundai reports 4,000 scrap car trades in UK, reveals some surprises

Governments all over the world have introduced Cash-For-Clunkers-style programs that are nothing if not controversial. While the stated intent of each of these schemes is to increase new car sales and remove older, dirtier and less fuel efficient vehicles from the road, some powerful organizations have voiced concerns that untold numbers of classic machinery may be lost forever for no good reason. Could it be that both sides are right? New car buyers in the UK are reportedly flocking to Hyundai

32Hyundai reports 4,000 scrap car trades in UK, reveals some surprises

Governments all over the world have introduced Cash-For-Clunkers-style programs that are nothing if not controversial. While the stated intent of each of these schemes is to increase new car sales and remove older, dirtier and less fuel efficient vehicles from the road, some powerful organizations have voiced concerns that untold numbers of classic machinery may be lost forever for no good reason. Could it be that both sides are right? New car buyers in the UK are reportedly flocking to Hyundai

AddCash-for-Clunkers bill may get fast tracked

House Majority Leader Steny Hoyer (D-MD) and Senate Majority Leader Harry Reid (D-NV) have said they would like to fast track the Cash for Clunkers bill through the legislative process. There's a legitimate fear that new car sales will stagnate while buyers wait for the bill to pass, which could take a very long time if it's attached to the much broader climate change legislation. Says Reid:

52Cash-for-Clunkers bill to get fast-tracked?

According to The Detroit News, House Majority Leader Steny Hoyer (D-MD) and Senate Majority Leader Harry Reid (D-NV) have said they would like to fast track the Cash-for-Clunkers bill through the legislative process. There's a legitimate fear that new car sales will further stagnate while buyers wait for the bill to pass, which could take a very long time if it's attached to the much broader climate change legislation. Says Reid:

AddSpain announces €2,000 scrappage plan

Following the in the successful footsteps of France's €1,500, Germany's €2,500 and Britain's £2,000 vehicle scrapping programs, Spain's Prime Minister José Luis Rodríguez Zapatero has announced a €2,000 scrappage plan to stimulate that country's auto industry and remove old cars from Spanish roads. Under the plan, the Spanish government will throw in €500 if the country's many regions match that figure and automakers add €1,000 more. This means that a

80BREAKING: Lawmakers reach agreement on Cash for Clunkers legislation

It appears that a U.S. "Cash for Clunkers" program is right around the corner now that President Obama and the U.S. House of Representatives have come to an agreement on how the bill should be structured. However, it's not a done-deal yet, as the legislation still needs to get through Congress.

AddObama, lawmakers reach agreement on Cash for Clunkers legislation

The United States finally appears ready to implement a "Cash for Clunkers" program now that President Obama and the U.S. House of Representatives have come to an agreement on how the bill should be structured. It's not yet a done deal, though, as the legislation still needs to get through Congress.

AddSpanish automakers' association calls for scrappage scheme

Might Spain soon jump on the vehicle scrapping bandwagon? According to ANFAC, an organization of automakers with operations in Spain, sales were down 45.6-percent from the same month a year ago, a sobering fact that's caused the organization to reiterate its stance that the country needs to implement a scrapping program of its own. According to ANFAC, "Spain is the only country among the five principal European markets where this type of specific incentive plan for passenger cars does not exist.

AddU.S. Cash for Clunkers deal nearing compromise

It's looking increasingly likely that the United States will soon have its own Cash for Clinkers program. Two bills are currently competing for Congressional votes, and while they would both offer sizable rewards for turning in older vehicles, they vary in what new cars and trucks would qualify for the program.

48U.S. Cash-for-Clunkers deal reportedly nearing congressional compromise

It's looking increasingly likely that the United States will soon have its own Cash-for-Clunkers program. According to The Detroit News, two bills are currently competing for Congressional votes, and while they would both offer sizable rewards for turning in older vehicles, they vary in what new cars and trucks would qualify for the program.

AddAutomakers line up for UK scrapping scheme

The powers-that-be in the United Kingdom have announced a vehicle scrapping plan that would pay motorists 2,000 pounds to turn in a vehicle that's at least 10 years old in exchange for a new car or truck. In reality, the government is only chipping in half that amount, and the automakers themselves are expected to throw in the other thousand pounds.

AddU.K. officially launches £2K scrappage scheme

As expected, UK Finance Minister Alistair Darling has officially announced a new vehicle scrappage scheme that will pay motorists £2,000 ($2,914 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 the automakers.

AddEnvironmental Transport Association blasts proposed car scrapping scheme in UK

The Environmental Transport Association in the United Kingdom is not pleased with the government's plan to launch a so-called Cash for Clunkers program. Automakers are generally fond of the proposals that would pay new car purchasers £2,000 for trading in their old rides for new cars. The stated goal is to get older, dirtier and less fuel efficient machines off the road in favor of models with the latest emissions controls.

AddSobering Statistics: How long will it take for your car to decompose?

Take a walk through any junkyard in the world and you're likely to come across any number of vehicles that are a mere rusted-out shell of their former selves. That's mostly because sheet metal is thin and, as the outer-most skin of an automobile, takes the brunt of the weather's nastiest beatings. Underneath, it's a different story entirely.

6UK considering its own Cash for Clunkers program

Reports indicate that government officials in the United Kingdom are contemplating the launch of a vehicle scrapping scheme modeled after the successful German program, which has boosted sales in Europe's largest market by over 20% in each of the two months it's been available. Details of the U.K. program are still sketchy, with some outlets like the Times of London and the BBC suggesting that the scrapping scheme will be included in the government's April 22nd budget. The Telegraph, however, re

AddUK may get £2,000 car scrapping scheme, partially funded by automakers

Government officials in the United Kingdom are widely expected to launch a vehicle scrapping scheme modeled after the successful German program, which has boosted sales in Europe's largest market by over 20 percent in each of the two months it's been available. Details of the UK program are still sketchy, with some outlets like the Times of London and the BBC suggesting that the scrapping scheme will be included in the government's April 22nd budget. The Telegraph, however, reports that the prog

AddEuropean car scrapping schemes proving successful, Germany to extend program

Last month, Germany posted a whopping 40 percent increase in new car sales, an improvement over February's 21.5% gain that is again being attributed to that country's vehicle scrapping program. Similar programs in Italy and France have also reversed the trend of falling sales figures.

16Germany may extend successful scrapping program

Germany recently began a scrapping incentive program that gives buyers €2,500 to get rid of their old cars and buy new ones. The plan helped create a 21% jump in car sales during the month of February, even though the plan didn't take effect until February 20. It was the kind of success that has both the UK and the U.S. mulling over such a program, and has Germany considering doubling the incentive plan by adding another €1.5 billion of government money.

AddCARS Act revives "Cash for Clunkers" scrapping plan in U.S.

It's rare for the Detroit 3 automakers, the UAW and various politicians to agree on anything meaningful, but that's exactly what appears to be happening after Rep. Betty Sutton of Ohio (D) introduced a bill in Congress called Consumer Assistance to Recycle and Save bill (CARS Act) that revives the so-called "Cash for Clunkers" plan. This bill would offer consumers up to $5,000 to trade in a vehicle that's at least 8 years old in exchange for a new one built in the United States that gets at leas

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