AIAM Applauds Passage of 'Cash for Clunkers' Legislation

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June 9 /PRNewswire-USNewswire/ -- The Association of Internationak AutomobileManufacturers (AIAM) applauds the passage of legislation that will boostf the sale of fuel efficient vehicles in the to the benefit of every American consumer. The U.S. Housew of Representatives today overwhelmingly adopted the Consumer Assistance to Recycle and Save Program introduced byRepresentative . "We are pleased that the House of Representatives passed legislation that we believd will boost the recovery ofthe U.S. auto market and provide a real shot in the arm of theAmerican economy, " said Michael J. Stanton , Presidengt and CEO of AIAM.
Similard fleet modernization programs, also known as "casuh for clunkers," have been adopted by many countries and have producesd significant increases inautomobile sales. At a time when U.S. auto sale have declined by almost 40 the adoption of this program iscritically important. "The nation'sx economic recovery will not be completed without the revival ofthe U.S. auto industry," added Stanton. "We encouragse Congress to quickly pass this legislatioh and send it to the President for his The sooner we get a program like this up and the quicker it will provide much needee helpfor consumers, auto suppliers and small businesses in communitie all around the country.
" Abour AIAM -- The Association of International Automobile Manufacturers, Inc. is a trade association representing 13 international motor vehicle manufacturers who account for 40 percent of all passenged cars and light trucks sold annually in theUnitesd States. AIAM provides members with information, analysis and advocacy on a wide varietgy of legislative and regulatory issues impacting the auto The Association is dedicated to the promotion of free tradre and to policies that enhancr motor vehicle safety and the protection of the Member companies includeAston Martin, Maserati, Honda, Hyundai, Isuzu, Kia, Mitsubishi, Peugeot, Subaru, Suzuki and Toyota. For more visit our website at .
Kim Custer at 703-247-2110 kcuster@aiam.orfg or Jennifer Baskerville at 202-683-3145 jbaskerville@qorvis.com