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Wednesday, August 05, 2009

More Cash for Clunkers

by Calculated Risk on 8/05/2009 11:26:00 PM

From CNBC: Senate Reaches Deal on $2 Billion 'Clunkers' Refill

The Senate reached a deal on saving the dwindling "cash for clunkers" program ... that would add $2 billion to the popular rebate program ...

... The Toyota Corolla is the top-selling vehicle on the list, followed by the Ford Focus, Honda Civic, Toyota Prius and the Toyota Camry. There is one SUV on the list, the Ford Escape, which also comes in a hybrid model. Six of the top-10 selling vehicles are built by foreign manufacturers, but most are built in North America.
The deal is to allow some amendments to be offered that will be voted down, and then the bill will be passed exactly as it is.