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"It gives the clunker a little bit more value in terms of trade-in, " said Wood, who has no plans to trade in his 2007 Mercedes.
CNN: 'Cash for clunkers' program under way
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Another issue is whether a new-car buyer would need to have the title to his or her clunker in hand at the dealership, which occurs less than half the time when people trade in their vehicles, Wood said.
CNN: 'Cash for clunkers' program under way
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"U.S. companies' bids were simply disregarded, " says Charles Barnes, Japan representative of APA-the Engineered Wood Association, a U.S. trade group.
FORBES: The winner: Tsutsumi
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Strategically located on major trade routes, it was easy to reach by land and water, and endowed with high quality wood, steel tools and a variety of skilled labour.
ECONOMIST: Celebrating a mighty era of violin-making