Chuck
03-12-2009, 12:32 PM
http://www.cleanmpg.com/photos/data/2/European_Union_Flag.jpg Has not worked as well in France, Italy, Spain but Germany's government pays more for clunkers. (time.com/time/business/article/0,8599,1884711,00.html?cnn=yes)
http://www.cleanmpg.com/photos/data/501/Huron_Valley_Car_Recycler.jpgAdam Smith - Time (time.com) - Mar. 12, 2009
It's also been tried in the US: Some parts of Texas will help pay for clean cars while the dirty ones are scrapped. (cleanmpg.com/forums/showthread.php?t=5878) -- Ed.
Amid the gruesome headlines generated by the world's auto industry (time.com/time/business/article/0,8599,1864168,00.html) these days, it almost read like a typo: new car registrations in Germany (time.com/time/topics/germany/0,30939,,00.html) rose 21% year-on-year in February, the country's Association of the Automotive Industry (VDA) announced March 3. This, though, was no error. The 278,000 cars put on the road, crowed Matthias Wissmann, VDA's president, amounted to "the highest level of sales in the month of February for ten years."
Why the splurge? German drivers have latched onto a juicy new deal. Under a scheme started in January, car owners who trade in a vehicle more than nine years old for a new, greener model can expect $3,172 from the German government as well as a break from paying road tax for at least a year. Similar "scrapping schemes" have been launched in recent months in France, Italy and Spain. Now motor manufacturers in Britain are pleading with its government to follow suit. (See pictures of the auto industry. (www.time.com/time/photogallery/0,29307,1864272,00.html))
It's not hard to fathom why. Carmakers are grappling with an extraordinary shortage of both credit and customers. Sales in Europe — the $700 billion auto industry there accounts directly or indirectly for one in ten jobs — dropped to a 15-year low last year, with little sign of a pickup in 2009. Toyota (time.com/time/business/article/0,8599,1860403,00.html) announced earlier this week that 4,500 staff at its British factories would see their pay and hours slashed by 10% for a year starting in April. German and British governments are still in talks with GM (time.com/time/topics/general-motors/0,30939,,00.html) over potential aid for the U.S. automaker's beleaguered European subsidiaries, Opel in Germany and Vauxhall in the U.K. GM says it needs some $4.2 billion to save its businesses in the region. (See pictures of workers at GM (time.com/time/photogallery/0,29307,1867838,00.html)) ... http://www.time.com/time/business/article/0,8599,1884711,00.html?cnn=yes
http://www.cleanmpg.com/photos/data/501/Huron_Valley_Car_Recycler.jpgAdam Smith - Time (time.com) - Mar. 12, 2009
It's also been tried in the US: Some parts of Texas will help pay for clean cars while the dirty ones are scrapped. (cleanmpg.com/forums/showthread.php?t=5878) -- Ed.
Amid the gruesome headlines generated by the world's auto industry (time.com/time/business/article/0,8599,1864168,00.html) these days, it almost read like a typo: new car registrations in Germany (time.com/time/topics/germany/0,30939,,00.html) rose 21% year-on-year in February, the country's Association of the Automotive Industry (VDA) announced March 3. This, though, was no error. The 278,000 cars put on the road, crowed Matthias Wissmann, VDA's president, amounted to "the highest level of sales in the month of February for ten years."
Why the splurge? German drivers have latched onto a juicy new deal. Under a scheme started in January, car owners who trade in a vehicle more than nine years old for a new, greener model can expect $3,172 from the German government as well as a break from paying road tax for at least a year. Similar "scrapping schemes" have been launched in recent months in France, Italy and Spain. Now motor manufacturers in Britain are pleading with its government to follow suit. (See pictures of the auto industry. (www.time.com/time/photogallery/0,29307,1864272,00.html))
It's not hard to fathom why. Carmakers are grappling with an extraordinary shortage of both credit and customers. Sales in Europe — the $700 billion auto industry there accounts directly or indirectly for one in ten jobs — dropped to a 15-year low last year, with little sign of a pickup in 2009. Toyota (time.com/time/business/article/0,8599,1860403,00.html) announced earlier this week that 4,500 staff at its British factories would see their pay and hours slashed by 10% for a year starting in April. German and British governments are still in talks with GM (time.com/time/topics/general-motors/0,30939,,00.html) over potential aid for the U.S. automaker's beleaguered European subsidiaries, Opel in Germany and Vauxhall in the U.K. GM says it needs some $4.2 billion to save its businesses in the region. (See pictures of workers at GM (time.com/time/photogallery/0,29307,1867838,00.html)) ... http://www.time.com/time/business/article/0,8599,1884711,00.html?cnn=yes
