Ford of Canada has launched a car scrappage program that expands on a previous government-run program to get even more older vehicles off the road. While the government program only paid for cars from 1995 and earlier to be scrapped, Ford is accepting cars up to model year 2003.
The hotly-debated Cash for Clunkers legislation is on its way to President Obama's desk tonight, oddly enough as part of a larger bill that will continue funding the military efforts in Iraq and Afghanistan. After a late Republican-backed effort to halt the passage of the bill failed, the Senate voted 60-36 to approve the legislation after some last minute phone calls from the President swayed a few swing voters. It seems extremely likely that President Obama will sign the bill into law in short
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.
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.