Deutschemarks for Clunkers?

Thursday, August 06, 2009

The Cash for Clunkers program has been a huge success in the U.S., blowing through over a billion dollars in a week as Americans traded in their gas guzzlers for a voucher towards a new car purchase. The program is awaiting an additional $2 billion influx of cash from the government to keep going. An overseas version of the program is widely considered a success. But Ralph Atkins, the Frankfurt correspondent for the Financial Times, reports that the program in Germany has encountered some unintended—even criminal—consequences.


Ralph Atkins

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Amy Holmes


Brigid Bergin

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