Global Update

Australian "Cash for Clunkers" Proposal Canceled Amid Strong Opposition

Australian Prime Minister Julia Gillard has backed down from the Australian Automotive Aftermarket Association (AAAA)-opposed ''Cash for Clunkers" program, which would have provided Australians with a $2,000 payment (USD $1,993) for trading in pre-’95 cars for new vehicles. The $430 million (USD $428 million) program was originally a campaign pledge by Australia’s Executive to take 200,000 older vehicles off Australian streets. She blamed the lack of funds on the recent severe flooding in that country.

For more information on international legislative/regulatory developments, contact Linda Spencer at