Europe: Fitch warns against scrappage schemes

The reintroduction of European car scrappage schemes to counter slowing sales would provide a short-term boost to sales, but may be damaging in the long run, Fitch Ratings says. They could distort the market’s underlying trends and car makers’ product mix and future sales. Responding to volume OEMs’ recent calls Subscribe to Automotive World to continue … Continued

• By Webmaster
• June 20, 2012