Cash For Clunkers German Economy Endangered by End of Rebate Scheme

The halcyon days of the German cash-for-clunkers scheme are numbered. Local analysts believe it can only last another two weeks. So what next? One report suggests up to 90,000 jobs could be lost. But several other initiatives may help as the German auto industry faces up to financial reality.
The end of Germany's wreck rebate is nigh and the auto industry is right to be concerned.

The end of Germany's wreck rebate is nigh and the auto industry is right to be concerned.

Foto: A2800 epa Michael Reynolds/ dpa
cis -- with wires