The New Zealand government is testing a car-scrappage scheme with a difference: Participants don’t have to buy a new replacement vehicle. New Zealand does not have a vehicle-manufacturing industry, but the government sees the program as a way to modernize the national fleet with a payback in health and safety benefits. Auto dealers, facing plunging sales as a result of the global economic crisis, love the idea and want it expanded and made permanent. The Ministry of Transport is ...
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