19
May
14:59
Scrapping schemes could cushion automotive production slump: ING
Government incentives for buying new cars, such as car scrapping schemes, could be needed to help cushion the impact on car production volumes from the Covid-19 pandemic, says ING Bank.
New car manufacturing volumes are being substantially impacted by both temporary shutdowns in production, as well as by softer demand due to likely weaker consumer confidence and household income.
In Europe, a scrappage bonus is currently being discussed, not only at national…
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Anonymous
Very good overview of the weekly steel market.
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