SEAT Leon leading Spanish recovery, but subsidy program under scrutiny.
MADRID – Despite knowing since late last summer about fraud within the subsidy program designed to replace older vehicles with newer, less-polluting ones, Spanish authorities have yet to act. Libre Mercado, the financial section of Libertad Digital, a Spanish digital newspaper, reports some dealers and junkyard operators have exploited a legal loophole in the government’s so-called cash-for-clunkers programs. In the recent Subsidies Program for Efficient Vehicles (PIVE), the ...
Premium Content (PAID Subscription Required)
"Loophole in Spanish Subsidy Program Open to Clunkers" 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.