Global Automakers

Comment on Cash for Clunkers Program

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August 20, 2009

ARLINGTON, Va., - The Association of International Automobile Manufacturers (AIAM) issued the following statement by its President and CEO, Michael J. Stanton, regarding the Department of Transportation’s announcement about the end of the cash for clunkers program.

“We thank members of Congress and appreciate the work of the Obama Administration and dedicated NHTSA staff for their support and management of the landmark ‘cash for clunkers’ program,” said Michael J. Stanton, President and CEO of the Association of International Automobile Manufacturers, Inc. (AIAM). “This program succeeded beyond anyone’s expectations, removing thousands of older, less fuel efficient vehicles from our nation’s roads – replacing them with safer, cleaner, higher mileage new cars and trucks – and providing a much needed stimulus to our still struggling economy.”

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