Cash for Clunkers Program Suspended: New funding Needed


Cash for Clunkers Program Suspended: New funding Needed – The U.S. scrapping a move similar to Germany closer. The House of Representatives on Tuesday approved a similar Bill, with which around one million old vehicles by newer, Fuel models are to be replaced.

The U.S. government hopes that by the scale at one year, about four Billion dollar program “Cash for Clunkers’ ( ‘cash for rust bowers’) besides a boost to car sales and a reduction of oil consumption, and pollutant emissions. For the Act 298 MPs voted, 119 voted against, two abstained. The Senate must still approve.

Cash for Clunkers

DETAILS

Car buyers will be depending on the fuel savings of more than 3,500 new vehicle vouchers U.S. dollars (2,490 euros) or $ 4,500 (3,200 euros) will receive. The old car must be on average more than about 13 liters per one hundred kilometers consume. The end of life vehicles, which at least one year must be registered, be as in Germany and then scrapped.

Car buyers will be depending on the fuel savings of more than 3,500 new vehicle vouchersU.S. dollars (2,490 euros) or $ 4,500 (3,200 euros) will receive. The old car has at least one year in the name of its owner must be licensed and more than over 13 liters per 100 kilometers consume the new vehicle much less consume. The end-of-as in Germany must be scrapped.

FORD WELCOMES PROPOSAL

‘Now we can by adopting the false argument that you either for the environment or the job is, ’said the Democratic Members Betty Sutton, the draft was introduced. The carmaker Ford welcomed the vote in the House of Representatives. The program gives consumers Money directly into the hand and helps the fuel consumption and emissions of To reduce greenhouse gases, ’said a spokesman.

The car was sold in the U.S. in May compared to the same month last year by 34 Percent caved. With General Motors (GM) and Chrysler are two
large U.S. automobile manufacturer in bankruptcy. Only the second largest manufacturer Ford comes despite the billions lost so far no government funds aus.

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