CARS set out to kill two birds with one stone: jumpstart slow automobile sales and get a large number of older cars off the road.
China has announced the extension of the country's vehicle scrappage scheme for 2010. Motorists will be able to trade in cars that are considered "highly pollutant" and receive a state subsidy worth between 5,000 yuan (about $730) and 18,000 yuan ($2,600), which is a significant increase over last year's maximum of 6,000 yuan. A "highly polluting" car is either a gasoline car that doesn't qualify for the first tier of Chinese emission regulations (e.g., early VW Santanas) or diesels that don't q
Cash for Clunkers was a success in the U.S., but it's done and over with here. Over in the UK, their version of the old-for-new deal, the scrappage scheme, will be extended to include an additional 100,000 vehicles. The announcement was made today by Lord Mandelson. The basics of the UK plan are to offer new car buyers £2,000 off if they trade in a vehicle that is at least eight years old (this is a change, as the limit had been 10 years). Unlike in the U.S., where C4C ran out of money qui
2009 Ford Fiesta - Click above for high-res image gallery
Following the in the successful footsteps of France's €1,500, Germany's €2,500 and Britain's £2,000 vehicle scrapping programs, Spain's Prime Minister José Luis Rodríguez Zapatero has announced a €2,000 scrappage plan to stimulate that country's auto ind