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Browsing all posts in "scrappage".

UK Car Scrappage Scheme Extended with a £100m boost

In an announcement made by Business Secretary Lord Mandelson at the Labour Party conference in Brighton, an additional £100m has been added to the UK car scrappage scheme following pressure from the motor industry to extend it.

Worldwide Scrappage Scheme Update

As the German Scrappage scheme comes to an end as the government funding runs out, we take a look at the worldwide impact of similar campaigns that have been running around the world.

Korean manufacturers and small car makes win from UK scrappage scheme

Korean car manufacturers Hyundai and Kia have experienced the biggest increases as a result of scrappage sales. Orders for Hyundai cars are well over 17,000 while Kia has sold over 16,000.

UK Scrappage Update: two months on

Now that the US has followed other countries with its own scrappage scheme, charmingly named “cash for clunkers”, we thought we’d take a look at how the UK scrappage was progressing after its launch on the 18th May.

Mitsubishi Builds its 1,000,000th Car

Mitsubishi’s 1,000,000th car rolls off the production line from it’s NedCar plant in Holland, a Colt ClearTec sporting the manufacturers’ high fuel efficiency modifications such as engine stop-start, a revised gear ratio and low rolling resistance tyres.

Hyundai wins on UK scrappage sales

The £2,000 Government sponsored incentive scheme to trade in old polluting cars over ten years old against newer models has resulted in over 8,200 new orders for South Korea’s Hyundai Motor Company. The biggest seller for Hyundai was the i10, an entry level model, which with the £2,000 discount applied is available for less than [...]

Mitsubishi extend scrappage deal to cars over five years old

As part of the UK scrappage scheme, Mitsubishi has extended the terms of its offer to allow the trade in of cars over five years old rather than the government set ten year minimum for the £2,000 discount.

Scrappage scheme kicks off with 35,000 sales

Despite much scepticism from many parties, the government scrappage scheme to boost car sales in the UK with a £2,000 incentive has resulted in 35,000 new car sales within the first two weeks.

UK Scrappage Scheme launches Monday: Will it work?

The scheme to scrap old cars against the purchase of new, more environmentally friendly models launches officially tomorrow and reactions have been mixed. This report details how the various parties involved will be affected by it’s launch.

Toyota calls for scrappage extension

Japanese car manufacturer Toyota has welcomed the £2,000 scrappage scheme incentive but the plan needs to be extended beyond the March 2010 deadline, when its £300m funding runs out.