Japanese Cash for Clunkers Draws

Japan is starting its own cash for clunkers program, which offers tax incentives for purchases on new vehicles, so long as they are not imported. GM, Chrysler, and Ford urged the U.S. Trade Representative to look at Japan's discrimination to imported vehicles. During the U.S. cash for clunkers program, Japanese cars accounted for nearly half of the sales from the program.

-Anthony Alaniz