The Local Germany

Politicians want car scrapping money back

Tue, 03 Aug 2010 10:43:00 +0200

In light of the German auto industry’s buoyant earnings, politicians from the ruling coalition suggested Tuesday that the companies repay the money they earned during the government-sponsored “cash for clunkers” stimulus programme in 2009.

Daimler posts dramatic loss for 2009

Thu, 18 Feb 2010 12:08:00 +0100

German auto giant Daimler suffered a sharp loss last year that surprised markets Thursday and pushed its share price lower as the group reported results from one of the auto sector's most challenging years.

Car dealers offer discounts to counter ‘cash for clunkers’ lull

Thu, 08 Oct 2009 19:20:00 +0200

Grappling with the end of the popular “cash for clunkers” government stimulus programme, car dealerships in Germany are offering discounts of up to 42 percent on new vehicles, magazine Auto Motor und Sport reported on Thursday.

Car scrapping premium funds run out

Wed, 02 Sep 2009 13:00:00 +0200

Germany’s popular "cash for clunkers" car scrapping premium ran out of funds on Wednesday, the government said.

German car industry could shed 90,000 jobs

Fri, 28 Aug 2009 14:11:00 +0200

Daily newspaper Die Welt on Friday reported that 90,000 jobs are at risk in the German car industry, as the country's spectacularly successful "cash for clunkers" programme draws to a close.

Politicians irked by more car scrapping premium fraud

Thu, 06 Aug 2009 11:05:00 +0200

Politicians are calling for tighter controls after further reports of criminal misuse of Germany’s "cash for clunkers" car scrapping premium emerged this week.

German stimulus plan ranked world's best

Fri, 24 Jul 2009 17:07:00 +0200

Germany has implemented the best economic stimulus package in the world, according to a new study released by Manager Magazin on Friday.

Dutch using German scrapping bonus to scam insurers

Mon, 13 Jul 2009 15:47:00 +0200

Fraudulent claims on scrap cars from Germany have gleaned millions of euros in the Netherlands, and some of the vehicles are coming from the popular Abwrackprämie, or car scrapping premium, Dutch paper De Telegraaf reported on Monday.

Funds for car scrapping scheme running out

Tue, 07 Jul 2009 12:36:00 +0200

The budget for Germany’s popular Abwrackprämie, or car scrapping premium, could be exhausted before parliamentary elections in September, daily Bild reported on Tuesday.

Car companies fear downturn after scrap-bonus boom

Thu, 02 Jul 2009 17:48:00 +0200

Auto industry experts fear a sharp downturn in sales after this year’s figures have been dramatically boosted by the car-scrapping premium the German government introduced in January, news magazine Der Spiegel reported Thursday.

Premium for old cars revs up women drivers

Thu, 18 Jun 2009 16:50:00 +0200

Germany's cash-for-clunkers auto premium has drawn more women to Europe's biggest car market than ever before, according to a study released on Thursday.

German cabinet extends car scrapping bonus

Wed, 08 Apr 2009 13:30:00 +0200

The German cabinet agreed to extend the popular car-scrapping bonus Wednesday morning, earmarking a further €3.5 billion for the scheme. The bonus, which can be claimed until the end of the year, will also remain at €2,500, government sources said.

Government may extend scrapping bonus next week

Fri, 03 Apr 2009 18:38:00 +0200

The German government must still decide if it will prolong a popular €2,500 car scrapping bonus at its current value, a spokesman for Chancellor Angela Merkel said on Friday.

March car sales up by 40 percent after scrapping premium 'frenzy'

Thu, 02 Apr 2009 18:04:00 +0200

German auto sales shot up 40 percent in March compared with the same month in 2008 in what analysts on Thursday called a "shopping frenzy" that will lighten the recession in Europe's top economy.

Scrapping bonus exceeds allotted €1.5 billion budget

Wed, 01 Apr 2009 16:06:00 +0200

The €1.5 billion allotted for the German Abwrackprämie, or scrapping premium, has been spent, according to of the Federal Office of Economics and Export Control (Bafa) on Wednesday.

Car scrapping bonus to be extended until year's end

Mon, 30 Mar 2009 19:07:00 +0200

The German government is planning an extension of its popular Abwrackprämie, or scrapping premium, until the end of the year, a spokesperson said on Monday.

Merkel backs extension of car scrapping scheme

Wed, 25 Mar 2009 17:29:00 +0100

German Chancellor Angela Merkel and Foreign Minister Frank-Walter Steinmeier said Wednesday they would consider extending Abwrackprämie, or scrapping premium, due to its “great success” in helping the nation’s ailing auto industry.

Government could extend auto scrapping premium

Tue, 24 Mar 2009 10:00:00 +0100

The German government wants to extend its successful Abwrackprämie, or scrapping premium, by up to €1 billion to buoy the nation’s ailing auto industry, daily Rheinische Post reported on Tuesday.

New car buyers allowed to reserve scrapping premium

Mon, 09 Mar 2009 13:00:00 +0100

Those who buy new cars with long delivery times can still take advantage of Germany's auto “scrap premium,” or Abwrackprämie by reserving the subsidy before the alloted government funds run out, the Economy Ministry said on Monday.

Germany tinkers with junk car scheme rules to fight fraud

Wed, 04 Mar 2009 15:55:00 +0100

German officials have changed the rules for the popular new auto “scrap premium,” or Abwrackprämie, because of fraud, an Economy Ministry spokesperson told The Local on Wednesday.