Spain's govt says car subsidy scheme hasn't worked

Newswire

MADRID, Oct 29 (Reuters) - A Spanish government scheme aimed at giving the nation's ailing car industry a shot in the arm by awarding grants to scrap cars over 15 years old has failed and will be reformed, the industry ministry said on Wednesday. Under the Plan VIVE, announced in June, car owners could apply for a grant of 1,040 euros ($1,326) after scrapping cars more than 15 years old. But no more than 50 cars have been replaced under the scheme, the opposition Popular Party said. ...

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