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Reporter Jessica Golloher tells us about a new program in Russia aimed at getting Russians to turn in their gas-guzzlers for newer, more fuel-efficient vehicles. It’s modelled on the US Cash for Clunkers program.

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KATY CLARK: This is the last weekend the government will pay you to trade in that clunker for a new more fuel-efficient car. The Cash for Clunkers program ends Monday. That leaves just three more days to get a rebate of $3500 to $4500 when you unload your old gas guzzler and buy something a little greener. The deal was a big hit with American car buyers. So much so that Russia is planning to implement a similar program. From Moscow Jessica Golloher tells us about what you might call Rubles for Wrecks.

JESSICA GOLLOHER: Russia’s trade and industry ministry hopes to boost auto sales by offering motorists who trade in their dilapidated cars about $1550. There are two conditions. The cars have to be more than 10 years old and the rebate only goes towards the purchase of a Russian-made car. Lawmakers hope to implement the plan by early next year. Anton Antonov just bought himself a brand-spanking new Ford Focus. When asked whether he would have turned his old clunker in for a rebate towards a Russian-made model.

ANTON ANTONOV: Are you kidding me? Russian cars are crap. I would never buy a Lada.

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