The Federal “Cash for Clunkers”
program officially kicks off today. It allows Americans to trade in cars with bad gas mileage and receive up to $4,500 towards fuel efficient vehicles. Some dealerships already began offering it and The Takeaway talks to Mary Dubois from Oklahoma City who traded in her clunker for a new, more fuel efficient vehicle. And we talk with Dan Neil, auto critic for the Los Angeles Times about the clunkers program and why Hyundai is doing so well right now. Also joining the show is Rick Halstead, a Hyundai factory worker. He's going to be talking to us from the factory in Alabama before starting his shift working on 4-cylinder engines.
"One of the problems of making cars that last 20 years, is that cars last 20 years. The rollover rate is so slow."
—Dan Neil of the Los Angeles Times on the Cash for Clunkers program