(The following statement was released by the rating agency) June 25 - The vehicle scrapping incentive that President Obama signed into law yesterday, also known as the "cash for clunkers" or "cash for guzzlers" program, is intended to revive weak U.S. auto sales by encouraging consumers to trade in their vehicles for more fuel-efficient models. But Standard & Poor's Ratings Services does not expect the program to improve the ratings on the domestic automakers or on foreign ones selling ...
Premium Content (PAID Subscription Required)
"TEXT-S&P report on "cash for clunkers" program" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642