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. ...
Premium Content (PAID Subscription Required)
"Spain's govt says car subsidy scheme hasn't worked" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.