AM Online

US puts more cash into its scrappage scheme as initial $1bn runs short

Huge demand has spent almost the total $1bn provided in the US scrappage scheme in its first month.

The US Government is now proposing to inject a further $2bn into the scheme.

It offers rebates of $3,500 or $4,500 to US motorists with old cars or trucks who trade them in for a new, more fuel efficient, vehicle.

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