31-05-2020 19:29 via uk.finance.yahoo.com

German ministry proposes €5 billion car bonus scheme - sources

Germany's Ministry of Economics has proposed a 5 billion euro (£4.5 billion) buyer bonus scheme as part of an impending stimulus package in an effort to boost car sales, two people close to the matter said on Sunday.Global car sales have slumped as production lines and showrooms shut in response to the coronavirus pandemic.The heads of the co-governing Social Democrats (SPD) and Angela Merkel's Christian Democrats (CDU) are expected to present the overall stimulus package on Tuesday, which
Read more »