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The federal government’s Cash for Clunkers aims to stimulate the economy, provide relief for automobilemanufacturers and reduce greenhouse gas emissions. Knittel did not analyze the program’s other key objectives: stimulating the economy and providing relief for automobilemanufacturers. However, the. pollutants.I
The government’s stimulus plan for the auto industry formulated this year had achieved great success in terms of boosting domestic demand and ensuring the industry growth, he said at the on-going 2009 International Forum on Chinese Automotive Industry Development held in Tianjin. Sales of China’s domestically-made automobiles totaled 1.09
Bolstered by government stimulus plans, sales of autos in China likely reached a record high of 1.15 million units, according to estimates from the China Association of AutomobileManufacturers (CAAM). People’s Daily. Official figures for vehicle production and sales are scheduled for release next Monday.
A report in the People’s Daily quotes Chen Bin, director of the Department of Industry under the NDRC, as stating that Chinese car manufacturers were originally expected to produce and sell more than eight million units of vehicles in the first eight months of the year.
Purchase and investment incentives should be based on similar criteria across Europe, drawing on both national and EU funding. Demand stimulus will boost the utilization of our manufacturing capacity, safeguarding jobs and investments. —Eric-Mark Huitema, Director General of ACEA, the automobilemanufacturers’ association.
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