The United States is disappointed with Japan’s modifications to the latter’s cash for clunkers program. The Japanese scrappage scheme now allows U.S. cars but limits their number, according to a U.S. trade official quoted by Reuters.
"This is particularly unfortunate in light of its recent announcement to open opportunities for U.S. autos to qualify for its program, which was a welcome step," U.S. Trade Representative Ron Kirk said in a statement demanding further changes to Japan’s… (read more)