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NADA asks U.S. to suspend clunkers program

National Automobile Dealers Association officials asked the government to suspend the cash-for-clunkers program because a survey by the group found that the $3 billion fund has been exhausted, NADA Chairman John McEleney said. "We asked them to put a halt to the program--I think we said 'very soon'--but a suspension at midnight tonight would make sense," McEleney said in an interview Wednesday. "Our survey opened the eyes of the Transportation Department." A suspension would allow dealers to submit all pending claims and permit the government to process them so that a precise determination could be made of how much money, if any, is left in the program, he said.

Update: Hyundai releases statement on Calif. lawsuit

UPDATE: Hyundai Motor America contacted Autoweek on Wednesday with a statement in regard to the case: Hyundai Motor America believes this case has no merit, as our advertising is accurate and in full compliance with applicable laws and regulations. In fact, we've reviewed our ads and think Consumer Watchdog and their client are dead wrong. A group called Consumer Watchdog announced that it is suing Hyundai on behalf of drivers who purchased 2011 and 2012 Elantras based on claims that Hyundai made in its advertising for the Elantra.

UK Car Scrappage scheme gets green light?

Mandy said NO to scrappage, but it looks like Alistair Darling will introduce a scheme in the next budget [ad#ad-1] After much to-ing and fro-ing, it has been claimed by most of the UK national press over the weekend that a UK version of the Car Scrappage Scheme will be introduced in the budget by Alistair Darling. The scheme aims to offer new car buyers a guaranteed trade-in against a new, cleaner car of £2,000. But it is being suggested that the Government will insist that car manufacturers chip in half this money, with the tax payer paying the other half.