Arab Today, arab today spain\s government to pass more aid for car industry
Last Updated : GMT 15:39:12
Arab Today, arab today
Arab Today, arab today

Spain\'s government to pass more aid for car industry

Arab Today, arab today

Arab Today, arab today Spain\'s government to pass more aid for car industry

Madrid - XINHUA

Finance Minister Cristobal Montoro said on Thursday that the Plan PIVE 3, which helps boost automobile sector in Spain, would be extended with an amount of 70 million euros (95.74 million U.S. dollars). Montoro made this announcement during the first ANFAC and PwC Forum which is being held in Madrid on Wednesday and Thursday. The Plan PIVE 3 gives prospective buyers who own a car of 10 years or older 2,000 euros to buy a more efficient and ecologic car. So far, around 220,000 car owners have benefited from the Plan PIVE, which was financed with 220 million euros and whose extension it is expected to generate about 200 million euros of tax revenue according to the Minister. Montoro said that the extension of the Plan PIVE 3, which began in August after Plan PIVE 2 ended, would be approved at the Council of Ministers and it is expected to last until late 2013. Montoro stressed that the Plan has had positive effects on the sector, adding that the government should encourage the consumption of vehicles in the domestic market. However, industry analysts encourage the sector to look for other markets and export outside the crisis-hit Europe because other countries offer better opportunities. The sector expects to build about 2.2 million cars in 2013 and sell about 700,000, while in 2014 they expect to build 2.4 million. (1 euro= 1.37 U.S. dollars)

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 spain\s government to pass more aid for car industry Arab Today, arab today spain\s government to pass more aid for car 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 spain\s government to pass more aid for car industry Arab Today, arab today spain\s government to pass more aid for car industry

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
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