Cash For Clunkers” Program Deemed a Success

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The Transportation Department states that the Cash For Clunkers program succeeded in putting 690,114 more fuel-efficient vehicles on the nation’s roads. The entire $3 billion dedicated to the program was spent in an effort to retire older gas-guzzlers and stimulate vehicle sales.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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