Report: Turkey will not have a scrapping scheme
By Andrew C., 30 Aug, 2010. 0 Comments
There won’t be a scrappage plan in Turkey in the near future, according to Turkey newspapers. Industry Minister Nihat Ergun has confirmed this report, saying that Turkey will not be implementing a subsidy anytime soon to improve its strategic automotive sector.
In the US and in some countries in Europe , incentive programs have been very effective in boosting new-car sales. People who traded in old cars for fuel-efficient models were given cash bonuses, says Autonews. Turkey had been expected to introduce the incentive program following the expiration of the government's special consumption tax cuts on the sector. Turkey 's automotive sector is the country's leading exporter and includes companies such as Dogus Otomotiv, General Motors Turkey, Honda Turkey, Hyundai Assan, Karsan Otomotiv and Tofas, a joint venture between Fiat S.p.A. and Koc Holding AS.
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