A "Cash for Clunkers" sign is displayed in front of a dealership in Portland. (Rick Bowmer / AP)
Top vehicles bought after trading clunkers
Two weeks before the program's end, car buyers in the U.S. had signed deals to trade in 411,624 clunkers for new vehicles, getting federal rebates of up to $4,500. Most of the trades have been pickup trucks and SUVs. The top 10 vehicles purchased by those making clunker trades:
1. Toyota Corolla
2. Honda Civic
3. Ford Focus
4. Toyota Camry
5. Toyota Prius
6. Hyundai Elantra
7. Ford Escape (front-wheel drive)
8. Honda Fit
9. Nissan Versa
10. Honda CR-V (four-wheel drive)
--Associated Press
Volkswagen and Porsche executives. (Axel Heimken / AP)
Porsche, VW merger gets approved
After sliding deeply into debt in its efforts to take over Volkswagen, Porsche agreed this month to become absorbed by VW by the end of 2011. The much smaller Porsche had been pursuing VW since 2005. The addition of Porsche to VW's portfolio widens its range in anticipation of a recovery in the luxury car market.
--Associated Press
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