Cash For Clunkers, Good News-Bad News

By: Mike George Email
By: Mike George Email

GM,Toyota,Ford,Chrysler,Hyundai,Honda have all announced they are increasing production due to an increase in sales associated with the Cash For Clunkers program.

Union officials say General Motors will increase production at its
Lordstown, Ohio, and Orion Township, Mich., factories.

One day will be added to the work week at the Lordstown plant,
which makes the Chevrolet Cobalt small car. Increases also are
expected at the Orion plant, where the Chevrolet Malibu and Pontiac
G6 are made.

The clunkers program offers up to $4,500 to people who trade
older, inefficient vehicles for new, more efficient models.

On the surface the increase in sales and factory production is good news for the Clunkers program. It did it's job. But ,what happens when the money runs out. Already the success of the program indicates monies will run dry before Labor Day. The question is, what happens then? Another concern among care dealers is the time in which the government money finally makes it to the dealers. On Tuesday U-S government officials announced some 1,000 temporary workers will be hired to help get those funds to dealers faster.
In Bryan-College Station, some dealers News 3 spoke to said little money has made it's way to them so far. Paul Atkinson owner of Atkinson Toyota says his dealership has taken in more than150 clunkers. So far Government money has come in to compensate for only a few of them.

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