The World

Deutschemarks for Clunkers?

The Cash for Clunkers program has been a huge success in the U.S., but a German version of the program has encountered some unintended?even criminal?consequences. Ralph Atkins, the Frankfurt correspondent for the Financial Times, joins The Takeaway.

Global Politics

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.