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The American version of our scrappage scheme, called over the pond, ‘cash for clunkers’ proved so popular that they ran out of cash within a week and have just had a second tranche of money approved. According to the New York Times the first $1 billion was used up in the first week and a further $2 billion has just been approved. I covered their scheme a few weeks ago, which offers a much greater incentive to consumers looking to replace their gas guzzling clunker with a slightly Read more »