MADRID, Feb 17 (Reuters) - Car makers in Spain threatened on Thursday to reduce investment plans vital for Spain's job market recovery because of a new law which saddles them with the costs if salesrooms fail to sell cars. The new law -- bundled in with measures to jump start Spain's economy on Tuesday -- allows distributors a full refund from manufacturers for unsold cars and in some cases to charge carmakers for sales teams' labour and other related expenses. "This new situation ...
Premium Content (PAID Subscription Required)
"Car makers threaten to cut Spain investments" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.