Volkswagen offers scrappage discounts on polluting diesel vehicles

Volkswagen offers scrappage discounts on polluting diesel vehicles

Audi, Seat, Skoda, Volkswagen, and Volkswagen Commercial Vehicles - all VW Group companies - have announced schemes targeting Euro 1 to Euro 4 vehicles.

While cars traded in under the scheme will not necessarily be scrapped, customers will still be offered incentives of up to £5,000 off a new Nissan model, and savings of up to £2,000 to buy a used all-electric Leaf 24kWh.

Volkswagen has launched a scrappage scheme offering motorists thousands of pounds if they trade in an old diesel vehicle for a new model.

"Most of them (the trade-in schemes) are renamed marketing campaigns.so I think it's mostly a matter of spurring demand in the UK", Evercore ISI analyst Arndt Ellinghorst told Reuters.

Two years ago, it was revealed that Volkswagen had cheated emissions tests that affected 11 million vehicles worldwide.

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The previous test in June involved the John Paul Jones firing SM-3 missiles at a ballistic target, and was not successful. A Standard Missile-3 Block IIA jointly developed by the USA and Japan failed to intercept its target.

VW's scrappage scheme follows on from the formation of a "Sustainability Council" to drive uptake and development of EVs, as the carmaker looks to move on from the dieselgate scandal. Manufacturers have already launched scrappage schemes overseas, with VW offering substantially more, a €10,000 incentive, to German vehicle owners.

'It applies to all versions of the low-emission Picanto and Rio ranges and is guaranteed as long as the buyer of the new vehicle is also the owner of the auto being scrapped'.

Meanwhile, the marque's plug-in hybrid and fully electric models are leading players in the EV world.

Combined with the Government's current OLEV grant for ultra-low-emissions vehicles, customers could save a total of £10,000 on the list price of a new Volkswagen e-Golf battery-electric auto, or £8,500 off a Passat GTE plug-in hybrid.

Jim Holder, editorial director of Haymarket Automotive, told the BBC: "The auto industry is trying to get on the front foot after an extended period of negative headlines in the wake of dieselgate".

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The scheme allows customers to benefit from an allowance of between GBP3,000 (US$3,880) and GBP7,000, including scrappage support, towards the purchase of a new Renault vehicle or van.

According to commentators though, VW's United Kingdom scheme fell short of the terms offered to drivers in its home market. Vehicles part-exchanged under this scheme will be permanently destroyed.

He added that by matching rival offerings VW will probably keep its advantage over its opposition. The auto must have been kept by the owner for at least six months.

Customers can get a discount of £2,000 off models including Aygo, Prius and Hilux, and £4,000 off a Land Cruiser. "Motorists can dispose of their older vehicles and have access to our cleaner, more efficient model range", Toyota's managing director Paul Van der Burgh said.

USA orders sanctions on Venezuela, calls for release of political prisoners
American lawmakers have called it a big problem for USA national security and sent a warning letter to President Donald Trump. Elected in 2013, Maduro, the political heir to the late Hugo Chavez , ruled against a backlash of a severe economic crisis.

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