Ford and Honda Holds Out on Car Scrappage Scheme
Monday, May 18th, 2009A day after the said launch of the UK’s car scrappage scheme, Toyota and Honda have reportedly held back, stating that they need exact figures on just how much they will be contributing before they actually participate in the said scheme.
The need for clarification and certainty seems to be demanded by the two car manufacturing giants, opting to see in black and wait just how much would have to contribute to the scheme, which was designed to kickstart moribund sales and revive the flagging industry.
To refresh your memory, Motorists who trade in their old car and buy a new model from participating manufacturers will receive a £2,000 discount, half of it paid by the government and half by the car industry.
Unless this issue gets resolved, sudden constraints have come up. And knowing how many motorists own cars under these two car giants, you know that something may eventually hinder the success of this car scrappage scheme in the United Kingdom.
(Source) Guardian
Tags: car giants, car industry, car scrappage scheme, Cars, clarification, constraints, exact figures, Ford, Honda, launch, memory, motorists, new model, Toyota, united kingdom