MADRID – Despite knowing since late last summer about fraud within the subsidy program designed to replace older vehicles with newer, less-polluting ones, Spanish authorities have yet to act. Libre Mercado, the financial section of Libertad Digital, a Spanish digital newspaper, reports some dealers and junkyard operators have exploited a legal loophole in the government’s so-called cash-for-clunkers programs. In the recent Subsidies Program for Efficient Vehicles (PIVE), the ...

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