Germany not mulling new plan to buoy car sales

Newswire

BERLIN, Aug 24 (Reuters) - Germany ruled out extending a car-scrapping subsidy that has boosted new auto sales and said on Monday it was not planning an alternative scheme. Under the subsidy plan, which is part of a government stimulus package aimed at shoring up the economy, owners who trade in cars that are nine years old or more for new fuel-efficient models receive a bonus of 2,500 euros ($3,577). The plan was copied by other countries, though the U.S. government suspended its "Cash ...

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