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.
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