German Auto Sales up By Paying People to Scrap Cars
March 8th, 2009 by Dave Allen
USA Today reports that Germany has increased new-car registrations in Germany by more than 21% to 277,800 in February compared with the same month last year. These sales were achieved by the German goverment’s bonus to people who scrap older cars and buy new ones, an amount of $3,134 at Tuesday’s exchange rate. A buyer has to trade in a car at least 9 years old and agree to let it be scrapped. America, take note.
Tags: Auto Industry, Car Sales, economy, Environment, Green, NemoHQ
March 12th, 2009 at 12:01 am
German unions cooperate with their employers, and accept cutbacks in pay and benefits, when it in necessary for the long-term health of the company.