German scrapping program officially extended through end of year
As reported a few weeks ago, Germany has said "yes" to extending its scrapping program. The program pledged €1.5 billion to be given out in €2,500 increments to those scrapping their old cars in order to buy new ones. The program extension adds another €3.5 billion and will be available to buyers until the end of 2009. So far 1.3 million people have applied for the incentive, the extra funds will allow a total of 2 million to take advantage. Thanks for the tip, Gregg!
[Source: The Local]
Reader Comments (Page 1 of 1)
Sektor 8:57AM (4/09/2009)
Considering how much the German government earns in taxes with each new vehicle sold, this program pays for itself. Really smart move.
Reply
LoneWolf 9:12AM (4/09/2009)
Eh, the funds for the program are just debts...and it pays NOT itself.
see http://tinyurl.com/clujlz (Handelsblatt, only german, sorry...maybe Google can translate it)
Reply
Throwback 10:03AM (4/09/2009)
That picture hurts to look at. The 2002 is one of my all-time favorite cars.
Reply
waiownsyou 12:36PM (4/09/2009)
That was a joke, right?
graham 3:01PM (4/09/2009)
Did anyone else get confused at the title at first? I read "German scrapping program" as "Germans scrapping program". I thought it was like "scrapping" plans as in nixing, axing, cutting etc.
Reply
Reg Joe Moe 1:50PM (4/10/2009)
So when is our US government going to have a similar program for this country instead of giving handouts to scumbags and crooks on the Street and in banks that, oh hoh, turn out to be wildly profitable in the end anyway?
Reply