Remove Congress Remove Economy Remove Obama Remove Scrappage
article thumbnail

Has the cash for clunkers scheme failed? The Green Piece

Green Cars News

The Car Allowance Rebate System (CARS for short, or ‘cash for clunkers’ as it is more commonly known) was the US’s answer to the scrappage schemes in Germany and the UK which appeared to have revitalised their respective automotive sectors. per cent in July suggesting that American consumers are still nervous about their jobs and the economy.

article thumbnail

US set to get car scrappage scheme

Green Cars News

The US is set to be the next country to introduce a car scrappage scheme, the Financial Times reports. It will form part of the Obama administration’s Climate Change Bill, of which draft legislation announced on Tuesday is an amended version to permit foreign as well as domestic vehicles into the scheme, no matter where they are built.