Following the steps of other EU nations, Britain finally implemented on May 18 a car scrappage scheme, to encourage people to dump their old bangers for discounted new models.
Britain hopes this incentive will save its battered motor industry by boosting sales. Nearly 40 car makers have signed up to the scheme, and some with earlier trials have reported positive market feedback.
However, it still begs the question as to how effective the scheme will be in reactivating the vehicle market, as it will only run 10 months or until government funding runs dry.
For the full story by Dongying Wang and Rob Welham, published by Xinhua News Agency in May 2009, please click here. Also, please return to the blog to post your comment.
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