[computerworks]

Those pesky facts again...

Update: Rob Port has a corrected post, using data from Autoblog, which turns out to be more reliable than the AP:

Whoops, I read the article below a little too fast. The $1.22 billion number is the amount of rebates paid back so far. The remaining isn’t entirely administrative costs but also the amount of rebates yet unpaid. According to this article, though, the administrative costs to date have been $144 per rebate. That’s a lot of money for a simple car rebate, and with 690,000 rebates to process we’re talking over $100 million to process rebates for a program that lasted weeks. Still not every efficient.

That's about a 3% overhead.