Spain Expands Subsidies for New-Car Purchases

Newswire

MADRID, Jan 10 (Reuters) - Spain has expanded a car subsidy programme by 175 million euros ($238 million) and estimates it should generate related tax income of 1 billion euros, Deputy Prime Minister Soraya Saenz de Santamaria said on Friday. Under the scheme, people who scrap their old car and buy a new one get a reduction of 2,000 euros, half from the government and half from the carmaker. The PIVE programme, expanded four times to total 465 million euros, indirectly boosts public coffers ...

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