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Mazda Applauds Cash for Clunkers Passing

The approval by the US Senate of the cash for clunkers bill is expected to stir an avalanche of press releases by manufacturers present in the US market, most of them, obviously praising the passing of the bill.

Following the release of NADA's statement regarding cash for clunkers, Japanese manufacturer Mazda did the same, in a statement listed below. Despite the fact that the bill will still have to pass President Obama's scrutiny, no one expects the bill to be rejected, especially because the President already expressed his support for the act.

"Mazda applauds Congress for passing the fleet modernization, or 'cash for clunkers,' bill that will essentially put cash in the hands of the consumer and increase vehicle sales at a time when demand is extremely depressed."

"Additionally, older, less fuel-efficient models will be replaced by newer ones that are cleaner for the environment. Mazda has been working diligently with Congress on this legislation and is excited about the benefits this bill will provide to American consumers."

"This is a strong signal to consumers that now is the perfect time to trade in their 'clunkers' and buy new vehicles. According to the Congressional Budget Office, as many as 25 million older vehicles worth less than the voucher amounts are eligible for trade-in under the program."

"Fleet Modernization legislation has already shown positive results around the world, where 15 countries have enacted similar programs. We look forward to comparable results here in the United States."

As for the program itself, it is set to run from July 1 - October 31, 2009. The Congress has provided $1 billion for the program, an amount which translates into about 250,000 vehicles. In exchange for the traded-in fuel-inefficient vehicles, consumers will get a voucher for either $3,500 or $4,500 to be used when purchasing a new, more fuel efficient car or truck.
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About the author: Daniel Patrascu
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Daniel loves writing (or so he claims), and he uses this skill to offer readers a "behind the scenes" look at the automotive industry. He also enjoys talking about space exploration and robots, because in his view the only way forward for humanity is away from this planet, in metal bodies.
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