Cash-for-Clunkers Proposals Gain Popular Traction

It's not just General Motors (GM) and Chrysler that are hoping to get an emergency tow from Washington. Battered by double-digit sales declines, all automakers selling in the U.S. are pinning their hopes on a federal program in the making that would give consumers a rebate for trading in old clunkers for new, more fuel-efficient cars. In Germany a similar incentive caused auto sales to spike 21.5% in February and created the best sales quarter for GM's Opel brand in a decade.

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