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Click here to visit the new home of Politics Daily!Several trends point to the beginning of the end of car culture in the United States. But are Americans seriously ready to embrace alternatives to automobiles? It's been a bad few years for cars in America. First, there was the auto industry bailout to the tune of $110 billion. Then, two of the three big carmakers -- GM and Chrysler -- went through bankruptcy. Finally, just when we thought that the future lay in turning Japanese, even the beloved Prius went off the road (literally) and Toyota has recalled nearly 9 million of its vehicles in the last few months. ...
A look at the numbers shows that "Cash for Clunkers" has been an incredible hit with car buyers and automakers. More than 435,000 new cars have been sold. Ford notched its first monthly sales increase in more than two years. GM sold 70,000 more vehicles in August than it had originally projected, and 1,350 workers were reinstated at its plants to help build new cars to fill a sudden inventory shortfall. At its August peak, the program helped move 30,000 cars each day in the U.S. But, alas, all good (and costly) things must come to an end. ...
You know that typical commercial blather where Mr. or Ms. Announcer breathlessly says, "Act now, this offer is limited" or "Time is running out"? This is one of those rare times when it's really true. ...
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