German government to further assist car industry
February 2, 2009 by Matt Brogan
German’s Finance Minister, Peer Steinbrueck, told German parliament today that car manufacturing could receive further government support based upon recent evidence that the economic situation had deteriorated dramatically.
Steinbrueck said that every seventh or eighth job in Germany was dependent on automakers and it would be “fatal” not to support them when competitors in the United States are receiving billions of dollars in government aid.
The German government has so far launched economic stimulus plans worth up to 80 billion euros ($104.6 billion). These include incentives for new car buyers, as well as investment spending and tax cuts.
The government has also put aside 1.5 billion euros to fund a program which offers 2,500 euros to people who swap cars at least nine years old for new models.
Matthias Wissmann, head of Germany’s VDA automotive industry association, said the scrappage incentive could help maintain new-car sales at 3 million units in 2009, roughly the same figure as in 2008.
The German Finance Ministry said that the domestic economy is increasingly suffering from a decline in foreign demand and the global financial crisis shows no sign of ending soon.
Print it: 
*****PRIMO!*****
As long as its a *loan* and not a bailout donation, then world GovCo’s should assist.
Spotless looking work area [take note Elfin/HSV!] notice the great lighting, lack of clutter, gloves, and buttonless overalls [no scratches] “quality” starts there and continues “all the way” [Not with LBJ!]
BigManWilly are still purchased by c/ocks though.
Cheers
F-0
exactly the same deal as what other governments are giving the motor industry. I noticed how you changed your tune F-O when its someone other than the American companies getting government help.
Nobody is immune. Same old story. Just goes to show how bad the industry and other industries are in!
hey frugal one,looks like a 3 series to me um arent they made in south africa?you know cheap labor an all that therefor average quality.had a E49 same build quality as a VE.oh and those workers dont look very african to me.BMWpublicity shot perhaps.
oops i meant to say i had an E90
john a Says:
February 3rd, 2009 at 1:14 am
“had a E49 same build quality as a VE”
Oh, you mean you had the dash strip fall off in the BMW, and sharp edges on the plastics around the handbrake lever scratch your hands? Or just the Commie?
The 4 cylinder 3 series are made in SA only……….
So you got VE quality in a poverty pac BMW ?
What is it with people when they buy cars,you can see the build quality when your buying them but you complain after its in the garage ?
Cheap labour maybe in S.A but they still have quality control,there not making them in dirt bottom shanties mate !
You complain about VE quality yet labour is not dirt cheap here!If you really owned one and you were a car enthusiast you would have noticed on the compliance plate where it was made.
Anyhow this thread is about Gov hand outs…………..
hey missile dont get your undies in a twist.not exactly a poverty pack at $65.000 with options in oct 2005 .call it what you like but it still carries the bm badge.yes made to a standard but i still think a lessor standard than if it were made in germany.2 years warranty a bit woefull dont you think,total aircon failure at 28 months bm not interested,also you miss my point 40 for ve as opposed to 65 for the bm.and as for my enthusiast status well untill you know me keep that comment to yourself,and yes owned is the word as the car did mot come with the divorce,oh well win some loose some.and i hope gov handouts work here and overseas.
As I said John, why didnt you notice the build quality when buying it ? I do have to admit after owning 6 BMs the aircon in them has always been a down fall.
BMW have always had a 2 year warranty,whats wrong with that ? They dont have to attract buyers with big promises of warranties its their driving excellence real BMW drivers buy them for. Unless your one of those that have ex amount of money and are after the best badge to brag to your friends too,and dont take that personally Im not directing that at you. Never said you weren’t an enthusiasts did I ? I simply asked the question.
BMW retains full ownership of its operations in South Africa so the quality is just as good as it is in Germany.
Sorry to hear you lost the car in a divorce,I know how that feels !
TO BM where i live mate if you want something other than mainstream you order from the brochure.at the time i wanted an audi but no dealer in town and merc was the local ford dealer who realy had no idea how to market somthing without a ford badge.my ex still has the bm and loves it.i think where 3 years is the norm for warranties 2 years is a bit slack.and as for to much money i wish,thats why im working on a sunday dealing with brain dead pilots.
So you live in the country ? I know how frustrating that can be with a limited choice of dealers and an imported car with a town full of local manufacturers yards. I had a 600 klm drive to Perth to service any warranty on my Volvo I had and my girlfriends 3 series the same for servicing .
Working on a Sunday…..that sucks.Then I feel for those in Victoria today fighting for all they have against mother nature . I pray for this to come to an end fast for all concerned . Now Im off topic,bad girl !