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Wednesday, September 9, 2009

"Cash for Clunkers" Fails to Help Chrysler and General Motors into Positive Territory - Video 9/8/09

Here is video from NBC last night where Brian Williams reported that the Obama Administration's "Cash for Clunkers" program was underwhelming in helping Chrysler and General Motors.

Of the big three American car makers, only Ford was up in August sales over August 2008, with a 17% gain. Chrysler was down 15%, and General Motors was down 20% - even with the "Cash for Clunkers" incentive. Toyota was up 6%.

NOTE: What happens in the coming months with no government boondoggle incentive?


Cars4Charities September 10, 2009 at 1:47 PM  

Not only did cash for clunkers not help GM or Chrysler, it didn't help auto repair shops, parts stores, used car dealers, car donation charities, taxpayers or low income Americans.

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