The US government says that a $3bn (£1.8bn) car scrappage scheme will end next week after funds ran out.
The Car Allowance Rebate System (Cars), dubbed the “cash for clunkers” plan, has been seen as an industry life-line.
Owners of old cars and lorries gain up to $4,500 towards a new vehicle in exchange for their old model.
The programme was initially only allocated $1bn but a further $2bn was injected earlier this month after a boost in US car sales.
The “clunkers” programme was inspired by similar schemes in Europe.
Source: BBC News
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