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Clunkers News

A glance at Europe's 'cash-for-clunkers' programs
"cash-for-clunkers" program that has encouraged consumers in Europe and the U.S. to trade in their old cars for newer and more efficient models was born in December 2008 when French President Nicolas Sarkozy unveiled a euro26 billion ($37.36 billion) stimulus plan to help the country ward off a recession.To date, 11 countries in Europe offer similar plans.— Germany offers euro2,500 to buyers