Word: cashed
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...There are other thorny issues. The House, for example, envisions giving insurance to about 10 million currently uninsured by broadening the guidelines of Medicaid, the state/federal program for the poor. The problem is that many governors of already cash-strapped states are voicing their opposition to this proposal; while the current bill says Washington would foot the bill for these new Medicaid enrollees, states that are having a hard enough time as it is paying their share of the program are wary of what might happen several years from now. At the same time, Blue Dogs in the House...
After many months of agonizingly slow sales, automakers and dealers are anxiously counting on the cash-for-clunkers program, getting under way officially on July 27, to help clear their lots...
...comes that badly needed boost, the cash-for-clunkers law signed in June by President Obama, which offers $1 billion overall for consumers who agree to trade in their old vehicles for new, more fuel-efficient models. The initiative could boost car sales in the U.S. by about 200,000 units, PricewaterhouseCoopers estimates...
...piggyback on the cash-for-clunkers scheme, car dealers are stepping up advertising and manufacturers are offering their own incentives. Chrysler, which has watched its sales dwindle this year to the point where, according to Edmunds.com, it is now in seventh place in total sales in the U.S., plans to match the federal rebate dollar for dollar. Any consumer shopping for a new vehicle will qualify for the program, which offers up to $4,500 for the purchase of an eligible 2009-model-year Chrysler, Jeep or Dodge vehicle through the Double Cash incentive. Mike DiGiovanni, GM's general director...
...Starting this [weekend] we're going to be running ads across all of our core brands that specifically mention cash for clunkers," said GM spokeswoman Susan Garontakos. GM is also mounting a direct-mail campaign designed to explain the program. Garontakos adds that these programs are in addition to specific financial incentives ranging up to $4,000 that GM offers on slow-selling models. "Our dealers are looking for an uptick in sales," she says...