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Suppliers Rate U.S. Stimulus A Clunker, Seek Broader Plans

Publication Date: 8/26/2009
Author: Tudor Van Hampton
Format: HTML

As equipment manufacturers stare into the second half of 2009 and see 30% to 50% fewer annual sales, a “Cash for Clunkers”-style program for dozers, backhoes and excavators may be just what the economy ordered. Or is it? Suppliers say they have been kicking the idea around internally since C4C started winding down this month. This year’s American Recovery and Reinvestment Act has done little to shore them up: Peoria, Ill.-based Cat alone has shed 34,000 jobs since late last year, it says.

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