Tuesday, August 18, 2009

Cash for Clunkers = Jobs

It took a little bankruptcy and a whole bunch of government stimulus, but American automakers are finally reaping the rewards of a transition from gas-guzzling SUVs to more fuel efficient models.

General Motors announced today that it's upping production by about 60,0000 vehicles in the next two quarters and calling 1,350 of its U.S. and Canadian auto workers back to work in direct response to the demand that the Obama Administration's "Cash for Clunkers" program has produced. Ford Motors made a similar announcement about increased production as well.


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