In what is being hailed as an imaginative and cost-effective anti-pollution measure, the California-based Unocal oil corporation is spending $5 million to buy up 7,000 old cars for recycling.
'Thirty per cent of smog is coming from pre-1975 automobiles,' says Unocal chairman Richard Stegemeier. 'If you want to make a big impact in a hurry, this is by far the quickest and most cost-effective way.'
Unocal has opened a central junkyard employing 30 people, equipped to process 12 cars each hour, 40 hours a week.