The Problem with Japan's Cash for Clunkers Program
Posted by admin on 01/19/2010
In 2009, when the U.S. Congress formulated a $3 billion “Cash for Clunkers” program, it bowed to pressure from overseas automakers and included all fuel-efficient cars, no matter their country of origin.
In amazing contrast though, the Japanese government recently adopted its own Cash for Clunkers program and not a single car from the Detroit Three was made eligible. The lack of reciprocity is stunning.
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