There’s no doubt 2009 was one of the most difficult years in the history of the US auto sector and the bankruptcies of two of its largest carmakers, GM and Chrysler, are the living proof. But the Car Allowance Rebate System (CARS), or Cash for Clunkers as some people called it, brought a smile back on their faces, boosting sales, creating jobs and luring buyers back into dealership.
Unfortunately, a study release in January by the Earth Policy Institute (EPI) is predicting a gloomy future.
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