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Bangers and cash

Economist, 24 August 2009

IN ANY love affair the offering of gifts helps to sustain the ardour. But such are the favours showered by the American government on carmakers over recent months, it seems as if politicians have been atoning for a dalliance with another industry (banks, perhaps). Now the giving is at an end. On the heels of multi-billion-dollar bail-outs for General Motors and Chrysler and brief government-assisted bankruptcies, America’s car-scrappage sc