Scrapping bonus lifts German car sales, cuts CO2

Newswire

FRANKFURT, March 27 (Reuters) - The German state subsidy that pays owners of old cars 2,500 euros to scrap their clunkers if they buy a new car in exchange is giving the domestic market a boost while helping to cut carbon dioxide (CO2) emissions. The German auto importers' association VDIK said on Friday that the new car market grew at a double-digit percentage rate in the first quarter despite severe declines in other developed countries. Average CO2 emissions for all newly registered ...

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