MADRID – Spain’s light-vehicle market showed signs of recovery in January, climbing 18.4% from year-ago to 70,294 units. The results were fueled by financial aid provided under the country’s 2000E Plan, which offers a €2,000 ($2,841) subsidy to new-car buyers who scrap a vehicle more than 12 years old. The incentive program is funded by auto makers (50%), autonomous regional governments (25%) and the central Spanish government (25%). The scheme has been extended to 2010 but is being ...
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