Arab Today, arab today spanish government extends financial aid to automotive industry
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

Spanish government extends financial aid to automotive industry

Arab Today, arab today

Arab Today, arab today Spanish government extends financial aid to automotive industry

Spanish automotive industry
Madrid - XINHUA

The Spanish government extended on Thursday the plan that provides financial aid to the automotive industry, the Plan PIVE 8, which was passed at the cabinet meeting.

The Plan PIVE 8 has a budget of 225 million euros (255 U.S. dollars) for 2015 and consists of giving prospective buyers 1,500 euros, half from the state and half from the car dealer, to buy a new and more ecologic car in exchange for a 10-year old or older car.

The former Plan PIVE gave prospective buyers 2,000 euros, however the Plan PIVE 8 that was passed on Thursday has reduced this amount to 1,500 euros.

The amount assigned to those suffering from disabilities and reduced mobility or those being part of a large family remains unchanged at 3,000 euros.

The extension of the plan had already been announced in Barcelona last week by Spain's Prime Minister Mariano Rajoy on the occasion of the opening of the New International Motor Show.

According to Spain's Deputy Prime Minister Soraya Saenz de Santamaria, the main goal of the Plan PIVE is to renew Spain's fleet, which is one of the oldest in Europe, replacing the oldest vehicles with more efficient and ecologic ones. This will also help reduce fuel imports, she said.

Saenz de Santamaria highlighted that Plan PIVE helped boost demand in the sector, of which sales have been rising for 19 consecutive months.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spanish government extends financial aid to automotive industry Arab Today, arab today spanish government extends financial aid to automotive industry

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today spanish government extends financial aid to automotive industry Arab Today, arab today spanish government extends financial aid to automotive industry

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday