Chrysler to Match "Cash for Clunkers" Incentive
08-02-2009, 06:05 PM
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Actually, I hear that they have not voted for more money as of the end of the weekend....maybe come Monday. BUT, there are many in office that feel the money and time and be better spent and will not vote to support more money going to the program.
I personally hope they vote to end the program, as it's just another stimulus program by another name......more tax payers money being throw at a problem, that the Government is responsible for in the first place!!
IF the program does continues....it looks as if Chrysler will not be adding to the pot of money offered.....
http://online.wsj.com/article/SB1249...googlenews_wsj
Chrysler to Drop 'Clunker' Incentive
By KATE LINEBAUGH
DETROIT-- Chrysler Group LLC is dropping an incentive plan that offered to double the government's "cash for clunkers" rebates amid complaints from dealers that inventory is running short.
The move also comes after the cash for clunkers program, which offers rebates from the government of up to $4,500, brought waves of consumers into dealer showrooms.
In July Chrysler offered to double the rebate by adding up to $4,500 in incentives of its own for customer who qualify for the program. Clunkers rebates are available to consumers who trade in older vehicles and buy new, more fuel-efficient models.
Effective Tuesday, Chrysler will no longer offer a flat $4,500 rebate on top of the clunker incentive. Instead, it will vary the size of rebates, depending on the model and brand a customer selects
I personally hope they vote to end the program, as it's just another stimulus program by another name......more tax payers money being throw at a problem, that the Government is responsible for in the first place!!
IF the program does continues....it looks as if Chrysler will not be adding to the pot of money offered.....
http://online.wsj.com/article/SB1249...googlenews_wsj
Chrysler to Drop 'Clunker' Incentive
By KATE LINEBAUGH
DETROIT-- Chrysler Group LLC is dropping an incentive plan that offered to double the government's "cash for clunkers" rebates amid complaints from dealers that inventory is running short.
The move also comes after the cash for clunkers program, which offers rebates from the government of up to $4,500, brought waves of consumers into dealer showrooms.
In July Chrysler offered to double the rebate by adding up to $4,500 in incentives of its own for customer who qualify for the program. Clunkers rebates are available to consumers who trade in older vehicles and buy new, more fuel-efficient models.
Effective Tuesday, Chrysler will no longer offer a flat $4,500 rebate on top of the clunker incentive. Instead, it will vary the size of rebates, depending on the model and brand a customer selects
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