German Automakers Join Forces in Push for Car-Buying Subsidies
- Auto executives want state to help fund aid for all new models
- German government wants subsidies that favor low-emission cars
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The German car industry is readying proposals for a new cash-for-clunkers program to counter a sales slump that risks choking off production restarts at factories across Europe’s biggest economy.
The state premiers of Lower Saxony, Bavaria and Baden-Wuerttemberg, home to Volkswagen AG, BMW AG and Daimler AG, are expected to consult this week on a joint strategy ahead of a meeting with federal government leaders scheduled for next week.