22 April 2009 16:41 [Source: ICIS news]
LONDON (ICIS news)--The UK government has launched a scrappage incentive scheme aimed at reviving the national automotives manufacturing industry, Chancellor of the Exchequer Alistair Darling said on Wednesday.
Due to start in May 2009, the scheme would see the government offer a £1,000 (€1,140, $1,470) incentive to be matched by participating vehicle manufacturers when scrapping a car or van at least 10 years old.
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“This is good news for consumers and will get people back into showrooms, kick-starting demand in the market,” said SMMT chief executive Paul Everitt in a statement.
($1 = £0.68, €1 = £0.88)
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