Financial Times FT.com

Cash-for-clunkers boost Japanese car sales

By Bernard Simon in Toronto

Published: August 17 2009 22:45 | Last updated: August 17 2009 22:45

The US’s cash-for-clunkers scheme, designed to bolster Detroit’s embattled carmakers, is turning out to be an even bigger boon for their Japanese rivals.

According to data published by the National Highway Traffic Safety Administration on Monday, Americans are using the scrappage incentives to buy more vehicles from Toyota than any of the three Detroit carmakers.

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