Clunker Payment Approval Rate Reaches 94%
WASHINGTON -- The U.S. Transportation Department has paid or approved 94 percent, or $2.7 billion, of dealers’ cash-for-clunkers claims, according to federal data released [Wednesday]. The latest figures show that the Transportation Department still has as many as 67,768 claims for $282.9 million to pay by Sept. 30 if it is to meet Secretary Ray LaHood’s deadline for reimbursing properly submitted deals.
Source: Automotive News
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