No More Cash for Clunkers The Party's Over for German Carmakers

It served as a model for economic stimulus and was replicated elsewhere in Europe and even in the US. On Wednesday, the funds ran out as Germany suspended its "cash for clunkers" program that had successfully buffered carmakers from the economic crisis. Experts are warning of coming bankruptcies and mass job cuts.
Germany has suspended its cash for clunkers program. Experts are warning of a terrible year for carmakers: "The federal government didn't do ... the industry any favors."

Germany has suspended its cash for clunkers program. Experts are warning of a terrible year for carmakers: "The federal government didn't do ... the industry any favors."

Foto: ddp
-- with wire reports