15-06-2020 18:38 via uk.finance.yahoo.com

Factbox: Spain's $4.2 billion aid plan to support the auto industry

Spanish Prime Minister Pedro Sanchez has announced a 3.7 billion euro ($4.2 billion/£3.3 billion) aid package for the hard-hit auto industry to promote the production and sale of cleaner cars.The funds will be disbursed by 2022 and will include cash from European recovery funds.The Spanish government will spend 250 million euros on cash-for-clunker schemes to encourage drivers to buy new low-emission and electric cars in 2020.
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