Buyers overwhelm U.S. auto trade-in rebate program

Newswire

* "Cash for clunkers" $1 billion in funding exhausted * House passes additional funding but Senate yet to act * Some potential buyers left in limbo * Estimates show 250,000 cars sold under popular program By Andrew Stern CHICAGO, July 31 (Reuters) - Americans flocked to auto dealerships this month to take advantage of government rebates for gas-guzzling "clunkers" and promptly drained the program's $1 billion in funding, leaving some prospective buyers in limbo. "It was going to ...

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