South Korea announced on Thursday tax incentives and easier consumer financing to support its domestic car industry, which is reeling from a global demand slump.
Here are some details about aid packages for the shattered global auto industry:
* SOUTH KOREA -- Announced on Thursday plans to provide temporary tax incentives by lowering purchasing and registration taxes by 70 percent from May to December to customers who would buy new cars to replace old ones registered before 2000.
-- The incentives apply to 5.48 million vehicles, about a third of total cars in the country. The move also includes measures to provide liquidity to auto financing firms to spur local car sales.
OTHER RECENT BAILOUTS:
* BRAZIL -- Said in November it had instructed state-run bank Banco do Brasil to make available a total of 4 billion reals ($1.72 billion) so that automakers' financing units could increase lending and spur sales.
* BRITAIN -- Said on March 11 it received clearance from the European Commission to go ahead with its 2.3 billion pound ($3.18 billion) aid package to the car industry. The government has said it would guarantee up to 1.3 billion pounds of auto industry loans from the European Investment Bank and a further 1 billion pounds of loans to back investments not eligible for support from the European lender.
-- The government also announced a separate 27 million pounds grant to Jaguar Land Rover to help it build a new, greener vehicle.
* CANADA -- Working in parallel with the United States on long-term rescue plans for General Motors Corp and Chrysler, Canada said on March 11 it was flexible on the March 31 deadline for reaching agreements on the bailouts.
-- Canada said in late December it was prepared to provide C$4 billion ($3.1 billion) in emergency loans to GM Canada and Chrysler.
* CHINA -- The Chinese government aims to cut the number of major auto-making groups through mergers to 10 at most from 14, China Securities Journal reported on Feb 24. The plan also calls for 5 billion yuan ($732 million) in government subsidies from March to the end of 2009 to aid purchases of autos in rural areas.
-- China also said on Jan. 14 it would cut in half, to 5 percent, the sales tax on purchases of cars with engine sizes below 1.6 litres and give one-off cash subsidies totalling 5 billion yuan ($731.1 million) to owners of high-emission vehicles who trade them in for cleaner ones.
* FRANCE -- Pledged loans of 3 billion euros each to car makers PSA Peugeot Citroen and Renault in return for an unwritten pledge not to close production sites in France. The 6-percent interest rate loans are designed to fund investment into clean vehicle technologies.
* GERMANY -- Unveiled a 1.5 billion euro aid package on Jan. 13. The package forms part of a 50 billion euro stimulus package of investments, tax relief and support for companies. Measures include incentives worth 2,500 euros for new car purchases.
* ITALY -- Announced a stimulus package for cars on Jan. 5 which includes a payment of as much as 1,500 euros for trading in an old car to buy a new one. Italian car sales are expected to fall 17 percent in 2009, after a 13 percent drop in 2008.
* PORTUGAL -- Announced on Dec. 3 a 200 million euro credit line for auto and car parts exporters. Continued...
* SPAIN -- Approved on Feb. 13 a 4 billion euro package that includes 1.2 billion euros in state credit for car purchases during 2009 and 2010 and aid to help car and vehicle part makers upgrade plants. The scheme is part of the government's 70 billion euro economic stimulus plan.
* SWEDEN -- Said on Jan. 22 it had given the National Debt Office authority to grant emergency loans to the industry.
* UNITED STATES -- The Obama administration's autos task force pledged up to $5 billion on March 19 to immediately assist auto suppliers. The task force is overseeing the restructuring of General Motors Corp and Chrysler LLC that includes a new bailout request from the two of nearly $22 billion.
-- GM and Chrysler must prove by March 31 they are viable and worthy of new federal aid. The two had received $17.4 billion in December.
(Writing by David Cutler, London Editorial Reference Unit; Additional writing by Jijo Jacob; Editing by Hans Peters)
Here are some details about aid packages for the shattered global auto industry:
* SOUTH KOREA -- Announced on Thursday plans to provide temporary tax incentives by lowering purchasing and registration taxes by 70 percent from May to December to customers who would buy new cars to replace old ones registered before 2000.
-- The incentives apply to 5.48 million vehicles, about a third of total cars in the country. The move also includes measures to provide liquidity to auto financing firms to spur local car sales.
OTHER RECENT BAILOUTS:
* BRAZIL -- Said in November it had instructed state-run bank Banco do Brasil to make available a total of 4 billion reals ($1.72 billion) so that automakers' financing units could increase lending and spur sales.
* BRITAIN -- Said on March 11 it received clearance from the European Commission to go ahead with its 2.3 billion pound ($3.18 billion) aid package to the car industry. The government has said it would guarantee up to 1.3 billion pounds of auto industry loans from the European Investment Bank and a further 1 billion pounds of loans to back investments not eligible for support from the European lender.
-- The government also announced a separate 27 million pounds grant to Jaguar Land Rover to help it build a new, greener vehicle.
* CANADA -- Working in parallel with the United States on long-term rescue plans for General Motors Corp and Chrysler, Canada said on March 11 it was flexible on the March 31 deadline for reaching agreements on the bailouts.
-- Canada said in late December it was prepared to provide C$4 billion ($3.1 billion) in emergency loans to GM Canada and Chrysler.
* CHINA -- The Chinese government aims to cut the number of major auto-making groups through mergers to 10 at most from 14, China Securities Journal reported on Feb 24. The plan also calls for 5 billion yuan ($732 million) in government subsidies from March to the end of 2009 to aid purchases of autos in rural areas.
-- China also said on Jan. 14 it would cut in half, to 5 percent, the sales tax on purchases of cars with engine sizes below 1.6 litres and give one-off cash subsidies totalling 5 billion yuan ($731.1 million) to owners of high-emission vehicles who trade them in for cleaner ones.
* FRANCE -- Pledged loans of 3 billion euros each to car makers PSA Peugeot Citroen and Renault in return for an unwritten pledge not to close production sites in France. The 6-percent interest rate loans are designed to fund investment into clean vehicle technologies.
* GERMANY -- Unveiled a 1.5 billion euro aid package on Jan. 13. The package forms part of a 50 billion euro stimulus package of investments, tax relief and support for companies. Measures include incentives worth 2,500 euros for new car purchases.
* ITALY -- Announced a stimulus package for cars on Jan. 5 which includes a payment of as much as 1,500 euros for trading in an old car to buy a new one. Italian car sales are expected to fall 17 percent in 2009, after a 13 percent drop in 2008.
* PORTUGAL -- Announced on Dec. 3 a 200 million euro credit line for auto and car parts exporters. Continued...
* SPAIN -- Approved on Feb. 13 a 4 billion euro package that includes 1.2 billion euros in state credit for car purchases during 2009 and 2010 and aid to help car and vehicle part makers upgrade plants. The scheme is part of the government's 70 billion euro economic stimulus plan.
* SWEDEN -- Said on Jan. 22 it had given the National Debt Office authority to grant emergency loans to the industry.
* UNITED STATES -- The Obama administration's autos task force pledged up to $5 billion on March 19 to immediately assist auto suppliers. The task force is overseeing the restructuring of General Motors Corp and Chrysler LLC that includes a new bailout request from the two of nearly $22 billion.
-- GM and Chrysler must prove by March 31 they are viable and worthy of new federal aid. The two had received $17.4 billion in December.
(Writing by David Cutler, London Editorial Reference Unit; Additional writing by Jijo Jacob; Editing by Hans Peters)
26/3 2009 19:44 alpehue 0
5982 Så en tysk biløkonom fortælle, at Hyundai havde 10 doblet salg i Tyskland efter skrotpræmien, 2 andre udenlandske mærker havde 5 og 3-doblet.
Vedr. de biler, der er med i ordningen. (max. pris ca. 11.000 Euro)
Nogle var bekymret over, at VW ikke fik sin andel. (for dyre)
Dertil svarede eksperten, at VW solgte, hvad de andre solgte tilsammen, i denne skrotningsperiode - på 14 dage.
Problemet er nu, hvad om et år, er der så købere ?
Vedr. de biler, der er med i ordningen. (max. pris ca. 11.000 Euro)
Nogle var bekymret over, at VW ikke fik sin andel. (for dyre)
Dertil svarede eksperten, at VW solgte, hvad de andre solgte tilsammen, i denne skrotningsperiode - på 14 dage.
Problemet er nu, hvad om et år, er der så købere ?
27/3 2009 09:20 le 06025 det er også det der bekymrer mig, fordi jeg mener man skulle give subsidier til bilkøb uden betingelser om skrotning
og man skulle regulere subsidierne, så de dyre biler fik en større subsidiering end de billigste, men alligevel med en degressiv skala, f. ex. 2500 euro for en bil op til 12.000 euro og 3.500 for en bil op til 25.000 og 4.500 op til 50.000 uden andre betingelser
og man skulle regulere subsidierne, så de dyre biler fik en større subsidiering end de billigste, men alligevel med en degressiv skala, f. ex. 2500 euro for en bil op til 12.000 euro og 3.500 for en bil op til 25.000 og 4.500 op til 50.000 uden andre betingelser
27/3 2009 09:23 le 06026 men det hele handler jo om en kortsigtet kickstart af økonomien
og hvis de subsidier, de har indført, virker på kort sigt, er de jo medvirkende til, at væksten så kan fortsætte på 'normal' vis igen senere og hvis ikke finder de jo nok på nye subsidier og andet
og hvis de subsidier, de har indført, virker på kort sigt, er de jo medvirkende til, at væksten så kan fortsætte på 'normal' vis igen senere og hvis ikke finder de jo nok på nye subsidier og andet
