VIENNA – Russia will extend a car-scrapping incentive as part of its effort to boost domestic demand, committing another RR10 billion ($323.7 million) to the program for 2010. “I believe it is necessary to increase the financing of this program,” Prime Minister Vladimir Putin says at a government meeting Thursday. But Putin also asks for “proposals for a smooth exit from the program next year.” Under the scheme launched in March, owners trading in cars that are at least 10 years old on ...

Premium Content (PAID Subscription Required)

"Russia Extends Scrappage Scheme" 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!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.