BEIJING, Dec 31 (Reuters) - China will extend subsidies to buyers of fuel-efficient cars next year but will no longer provide hand-outs to farmers who trade in fuel-guzzling models for new ones, the finance ministry said on Friday. The government would continue to promote fuel-saving and green vehicles through financial subsidies, the ministry said in a statement on its website. Major mini-vehicle makers, such as Chongqing Changan Automobile Co Ltd and GM-SAIC-Wuling, would be affected ...
Premium Content (PAID Subscription Required)
"China says to continue subsidies for green cars in 2011" 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.