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Cash for Clunkers close to the end
The U.S. government's "Cash for Clunkers" program ends today, and is expected to account for the sale of 700,000 new cars and trucks. The $3 billion program was supposed to last through Labor Day, but the government is ending it early because most of the money has been spent. How did the "Cash for Clunkers" program benefit the environment and the auto industry? And what will happen to vehicle sales when the program ends? Guest host Jon Beaupré finds out.
The U.S. government's "Cash for Clunkers" program ends today, and is expected to account for the sale of 700,000 new cars and trucks. The $3 billion program was supposed to last through Labor Day, but the government is ending it early because most of the money has been spent. How did the "Cash for Clunkers" program benefit the environment and the auto industry? And what will happen to vehicle sales when the program ends? Guest host Jon Beaupré finds out.
Guests:
David Welch, Detroit Bureau Chief for Business Week magazine
Terry Miller, General Sales Manager of Galpin Ford in North Hills