Do "Cash for Clunkers Program" help Foreign automakers

For the clunkers "cash" plan to help Ford - and Toyota. Chrysler has seen sales of cars and light trucks increased in July to August, 5%, the modern United States to establish a new sales record.

This is the challenges of government economic stimulus plan. To pay for the taxpayers of a country, can help other companies.

Such cross-border loss, will not produce much, as long as trading partners to stimulate their economic and political tensions. Or, as the number of vehicles, local production.

See the Ford car and light truck sales grew in August, an increase of 17 percent over the same period last year. However, this is only one producer of American cars. GM's sales fell by 20 percent. Although a small increase in sales during July and August, Chrysler has seen its sales decline from last year down 15 percent.

Of course, the Federal stimulated a number of manufacturers in Asia. Sales of Hyundai Motor's Rose 47 percent over last year, hitting a record. Toyota up 10.5 per cent - the automotive industry and to enjoy their best months ever. Its North American-built vehicles accounted for an increase - and so on. Imports of Toyota Motor Sales actually declined by 7 percent a year earlier.

Honda has delivered a return of 10%. Nissan has seen a decline of 3%.

Therefore, the clunkers "cash" would probably fall, as the federal economic stimulus plan in history happened, although it may be useful rather than domestic carmakers abroad. This is a short-term and targeted. As long as the sales of motor vehicles and tanks in the autumn or so, the scheme was also seen as very timely.

The challenge is now to buy other requirements economic stimulus plan in the United States. Canadian companies are angry, are an integral part of the road was closed for the United States and other infrastructure projects to improve the process of tender things. In May this year, China set up its own 'buy their五千八百六十○ Ling Dian requirements billion recovery programs'.

30 years in the 20th century's most severe recession since the stranded, the world has so far avoided hasty protectionist measures in the long term and in depth the Great Depression. However, this does not mean that protectionism is already dead. Instead, it is creeping along, and sometimes upward.