PSA boss proposes paying drivers to scrap old cars

Newswire

PARIS, June 22 (Reuters) - The head of PSA Peugeot Citroen has proposed that European governments pay owners of old, heavily polluting cars 1,000 euros ($1,209) to scrap their vehicles, the Financial Times reported on Wednesday. In a meeting with reporters, PSA's Jean-Martin Folz proposed the idea as an alternative to stricter rules on the sale of new cars -- a move the European Commission is mulling as a possible way to cut vehicle emissions. Folz said most cars that pre-date European ...

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