WINDSOR, ON – Russia’s scrappage program should not be limited to passenger cars, says OAO GAZ President and CEO Bo Andersson. Russia this week announced RR10.5 billion ($340 million) in additional funding for an incentive scheme that rewards consumers with RR50,000 ($1,578) on trade-ins 10 years or older. The government originally set aside RR10 billion ($324 million) for the program, enough to cover 200,000 vehicles, but that money nearly is gone. To date, the main beneficiary has ...
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