The first two versions of the program are credited with helping Spain’s auto industry recover from sales levels that had reached a 20-year low, contain unemployment rates currently at roughly 26% and raise more government revenue....More
The restrictions are part of an effort to raise air-quality standards being led by new Premier Li Keqiang, who faces the difficult task of balancing China’s need for consumption-led growth with its increasing desire for a cleaner environment....More
June sales plummeted 73.6% year-on-year to 1,673 units as buyers awaited the July 1 arrival of the split-year number plate. Dealers report more cars were sold that day than during the first 18 days of July 2012....More
Europe has not seen a monthly gain in car registrations since September 2011, and the region has not had a growth year since 2007, when a record 16 million vehicles were registered. Last year’s total was just 12 million....More
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