Cash for clunkers dealers investigated
WASHINGTON (KABC) -- The federal government announced Monday it was investigating at least 20 car dealerships that may have violated the rules of last year's popular "cash for clunkers" program.
According to a report in "USA Today," government auditors said up to $94 million in claimed rebates may have been ineligible because they lacked the proper documentation required by the government-subsidized program.
Investigators discovered that some of the trade-ins that were meant to be destroyed as part of the "cash for clunkers" program were actually shipped overseas.
The National Highway Traffic Safety Administration said it found no evidence of widespread dealer fraud.
The "cash for clunkers" program allowed more than 678,000 new car buyers to get rebates up to $4,500 for trading in older, less fuel-efficient models.
auto industry, auto news, national news
- Deputies gun down armed man during fight 47 min ago
- Vandals break in, trash church in Palmdale
- Calif. law takes effect on microstamping guns
- Machete-wielding man shot by Inglewood police
- 1 arrested, 2 outstanding after VC pursuit
- IE woman punches officer, tries to take Taser
- Deputies rescue stranded Swedish family
- Body found near area where hiker went missing
- Deaf Yorkie held for ransom is back home
- Tornadoes sweep across Kansas and Oklahoma
- abcnews: 1st lady jokes about president's failures
- Beckham in tears as he bids farewell to Paris
- 'Star Trek' tops box office with $70.6M debut
- OTRC: Billboard Music Awards 2013 nominees list