Government To End “Cash For Clunkers” Monday

(Washington, DC) — It’s the end of the road for the “Cash for Clunkers” program next Monday. The Obama administration is ending the popular initiative, which paid consumers up to 45-hundred dollars to trade in gas-guzzling vehicles for new, more fuel-efficient ones. Increased sales prompted General Motors to restart idled production lines, rehire workers and give those already on the job overtime. GM announced Thursday it would extend cash advances to its dealers to assist with the financial shortfall. The government says it will continue to process deals already in the pipeline.

Courtesy 2009 @ Metro Networks