International Automakers Comment as 'Cash for Clunkers' Program Winds Down

ARLINGTON, Va., Aug. 20, 2009; The Association of International Automobile Manufacturers (AIAM) issued the following statement by its President and CEO, Michael J. Stanton, regarding the Department of Transportation's announcement about the end of the cash for clunkers program.

"We thank members of Congress and appreciate the work of the Obama Administration and dedicated NHTSA staff for their support and management of the landmark 'cash for clunkers' program," said Michael J. Stanton, President and CEO of the Association of International Automobile Manufacturers, Inc. (AIAM). "This program succeeded beyond anyone's expectations, removing thousands of older, less fuel efficient vehicles from our nation's roads -- replacing them with safer, cleaner, higher mileage new cars and trucks -- and providing a much needed stimulus to our still struggling economy."

About AIAM -- The Association of International Automobile Manufacturers, Inc. (AIAM) is a trade association representing 13 international motor vehicle manufacturers who account for 40 percent of all passenger cars and light trucks sold annually in the United States. AIAM provides members with information, analysis and advocacy on a wide variety of legislative and regulatory issues impacting the auto sector. The Association is dedicated to the promotion of free trade and to policies that enhance motor vehicle safety and the protection of the environment. Member companies include Aston Martin, Ferrari, Maserati, Honda, Hyundai, Isuzu, Kia, Mitsubishi, Nissan, Peugeot, Subaru, Suzuki and Toyota. For more information, visit our website at www.aiam.org.