Consumer Assistance to Recycle and Save (CARS) Act revives “Cash for Clunkers” scrapping plan in U.S.

March 18, 2009 at 11:42 am

(Source:  Autobloggreen)

 It’s rare for the Detroit 3 automakers, the UAW and various politicians to agree on anything meaningful, but that’s exactly what appears to be happening after Rep. Betty Sutton of Ohio (D) introduced a bill in Congress called Consumer Assistance to Recycle and Save bill (CARS Act) that revives the so-called “Cash for Clunkers” plan. This bill would offer consumers up to $5,000 to trade in a vehicle that’s at least 8 years old in exchange for a new one built in the United States that gets at least 27 mpg if it’s a car or 24 mpg if it’s a truck or SUV. The total payout would be based on the new vehicle’s mileage rating.

General Motors, Ford and Chrysler are all supporting the bill, as is the United Auto Workers union. Vehicles built in either Canada or Mexico would need to get at least 30 mpg and would be eligible for up to $4,00.
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