Deutschemarks for Clunkers?

The World

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.

Invest in independent global news

The World is an independent newsroom. We’re not funded by billionaires; instead, we rely on readers and listeners like you. As a listener, you’re a crucial part of our team and our global community. Your support is vital to running our nonprofit newsroom, and we can’t do this work without you. Will you support The World with a gift today? Donations made between now and Dec. 31 will be matched 1:1. Thanks for investing in our work!