Renault Chief Operating Officer Carlos Tavares believes that to give waning car demand a boost, France and other European governments should renew scrapping schemes or other market subsidies. He said that he hopes that the European and French auto markets would gain support. Tavares was recently at a Renault logistics center near Paris where he told reporters that the company would be glad if scrapping bonuses would be revived and given to consumers who trade in old vehicles for new ones. He added that he would welcome any support strategy that increases demand. During the last financial crisis, France gave scrapping payments of 1,000 euros for each vehicle in late 2008. These were gradually phased out over two years. Similar incentives were administered by other European states. Industry association ACEA said that European car registrations decreased by 7% in the first four months of 2012. Meanwhile, France experienced an 18% drop.
Renault wants new scrapping schemes across Europe to boost car sales
by Andrew Christian, Email, 14 Jun, 2012
2012 Renault Clio RS
