We've seen this before, haven't we? Government institutes program to spur auto sales by offering car buyers a federal incentive to turn in an old car for a shiny, efficient new one, leading to sales growth, which later leads to no money in the program and the request for an extension. Our British friends across The Pond are reportedly looking to provide an extension to its version of Cash for Clunkers, which allocates £2,000 (nearly $3,200 USD) towards a new vehicle when a vehicle 10 years
When the U.S. domestic auto industry asked its government for billions of dollars in loans, it made world-wide news. Many other foreign nations have pitched in with funding for their own industries, as well. The UK has just gotten in on the act by promising £2.3 billion for the cause, with £1 billion in direct government loans and another £1.3 billion from the European Investment Bank. The UK government is promising its citizens that the loans are "no blank check" for the ailin
Who'd have thought the Welsh are required to travel all the way to England to catch an auto show, but it's true -- as of right now, Wales is the only country in the United Kingdom without its own auto show. On August 26, 2006, however, that's going to change. The first-ever Wales Motor Show will be heralded in by none other than the country's World Super Middleweight Boxing Champion Joe Calzaghe at Chepstow Racecourse. Glad to see they're getting with the program!
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